In its unaudited results for the 6-month period ended 31 December 2023, Oryx Properties has increased its asset base to N$3.78 billion following the acquisition of Dunes Mall in Walvis Bay. The property group also posted a staggering 98% increase in profits, reaching a whisker shy of N$67 million. “Despite the challenging micro- and macroeconomic...
December 15, 2024
Tag: Properties
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Oryx Properties’ profits increase by 98% to N$66.9 million – Business Express
For the period ending 31 December 2023, Oryx Properties’ profit increased by 98% to N$66.9 million helped by improved rental demand showing that prospective tenants are similarly positive about the economy and thus prioritising leasing decisions. The Group also maintained its positive momentum in financial and operational performance, resulting in the normalised rental operating income...
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Stolen properties found in Okuryangava after Klein Windhoek robbery
Staff Reporter A CASE of housebreaking with intent to rob and robbery with aggravating circumstances has been registered at the police station in Klein Windhoek following an incident at a flat in Michaelis Street. It is alleged that five masked men broke into a flat, held the occupants — a couple and their two kids...
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Oryx Properties, RMB partner on N$630 million Dunes Mall acquisition – Business Express
Oryx Properties, the largest property fund in Namibia, has partnered with RMB for the acquisition of Dunes Mall in Walvis Bay, in a landmark transaction worth N$630 million. This strategic deal sees Oryx expand its retail asset portfolio, with RMB providing debt funding of N$500 million to realise the acquisition and refinance an existing N$100...
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Properties bought with Phala Phala’s proceeds under investigation
South Africa’s National Prosecuting Authority (NPA) is investigating properties bought with proceeds from the Phala Phala farm robbery, NPA Limpopo province spokesperson Mashudu Malabi-Dzhangi told The Namibian on Wednesday. “We have referred the case to the assets forfeiture unit to investigate, if they can find the proceeds of crime, we will inform the public about...
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Namdia’s properties loss N$8m in value – Windhoek Observer
Namib Desert Diamonds (Pty) Ltd (Namdia) has disclosed that its two properties in Windhoek were revaluated by an independent property valuator, resulting in a fair value loss of N$5.5 million for Erf 336, Klein Windhoek, and a fair value loss of N$2.5 million for Erf 337, Klein Windhoek. In terms of the revaluation of remainder...
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Pangea Leather Announces Antimicrobial Properties in Standard and Advanced Products
ROCHESTER HILLS, MI, Oct. 03, 2023 (GLOBE NEWSWIRE) — Pangea, a global supplier of automotive leather, has announced that its standard and advanced products hold antimicrobial properties without the need for chemical additives commonly advertised to improve this performance. The tanned substrate rich in natural components and the leather coating layers act to inhibit the...
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Oryx Properties erhält fehlendes Geld zum Kauf der Dunes Mall
Blick auf den Eingang der Dunes Mall in Walvis Bay; © Dunes Mall/Facebook Oryx Properties kann die Dunes Mall in Walvis Bay kaufen. Das dafür nötige Geld kommt nun zum Großteil von der Rand Merchant Bank. Diese stellt einem Bericht von The Brief nach 500 Millionen Namibia Dollar über einen Zeitraum von vier Jahren zur...