Despite economic difficulty which impacted the property market, Fairvest has maintained consistent performance. The group’s latest data, covering the last six months of 2016, showed that revenue increased by 50.4%, profits stood at R62 million and dividends grew by 10%. This was attributed to the company managing to reduce vacancies from 4.4% to 1.6% and increase net property income by 12.2%. The company managed to buy six new properties during the year, and acquisitions of Redefine and Sibilo’s assets were also concluded. In addition, the company entered into the extremely high-growth township retail market in 2016, with the development of Nyanga Junction outside Cape Town. This further diversifies the group’s portfolio, and is a sign that Fairvest is looking to take advantage of the developmental overhauls taking place in many townships.