Growthpoint Properties pays out 7.5% for half-year

Growthpoint Properties, SA’s largest REIT company, on Wednesday reported distribution growth of 7.5% to 84.4c a share for its six-month interim period to 31 December 2014.... Full story

Private sector hungry for student housing boom

Student housing has become a very attractive vocation for the private sector given the severe shortage of it in South Africa.... Full story

It’s time SA picks up the pace of greater energy efficiency, says Green Building Council

Green Building Council of South Africa says it’s high time the business sector and ordinary South Africans pick up the pace of greater energy efficiency, as further electricity hikes which have been proposed in the 2015 Budget.... Full story

Construction Industry >>

Corobrik upbeat on demand for bricks

Brick manufacturer Corobrik is upbeat about its business’s prospects this year thanks to higher infrastructure spending on hospitals, schools and affordable housing.... Full story

Property Auctions >>

AUCTION — Sandton Site to fall under the hammer

A prime piece of real estate in the commercial hub of Sandton, where the demand for A grade and A+ grade offices is at an all-time high, will be taken to auction by Aucor Property on 17th of March 2015 at 12h00 at the Park Hyatt Hotel in Rosebank.... Full story

Legal and Policy >>

SA Property Owners upset with ban of Foreign Land Ownership in SA

Last week's announcement by President Jacob Zuma during his State of the Nation Address (SONA), regarding proposal to restrict foreign nationals from owning land, has disappointed the South African Property Owners Association (SAPOA).... Full story

Office Property >>

Nedbank Capital backs Stats SA's new Head Office Project

Statistics South Africa (Stats SA) has boosted its financial resources for development of the R1,4 billion new head office accommodation project through a R1,15 billion loan from Nedbank Capital.... Full story

Retail Property >>

Spate of Armed Robbery puts Shopping Malls on guard

A recent spate of shopping centre heists in South Africa ahead of the festive season has prompted fears that organised criminals are turning their attention to these soft targets.... Full story

Industrial Property >>

Industrial Property has to be nimble

Property groups are shifting to clean industrial properties focussed on light manufacturing, warehousing and distribution as harder manufacturing struggles, SA Commercial Prop News has learnt.... Full story

Leisure and Hospitality >>

Cape Town in line for new Hotel Investment

With a growing number of foreign tourists visiting, Cape Town has emerged as the most popular city in Southern Africa for new hotel investment despite the oversupply that depressed the industry since 2010 World Cup.... Full story

Housing / Residential >>

Benign inflation and interest rate environment positive for home ownership

While generally anticipated by commentators in the market, the decision by the Monetary Policy Committee meeting to hold the repo rate steady at 5.75 percent is most welcome - particularly at a time when as a nation we are coping with ongoing power cuts which impact negatively on businesses and individuals alike.... Full story

Gauteng >>

R65m to rehabilitate the notorious Johannesburg’s Bruma Lake

The first phase of the City of Johannesburg’s R65-million project to rehabilitate Bruma Lake, east of Johannesburg, into a recreational park will finish later this month. ... Full story

Western Cape >>

Cape Town grants Tutu’s body a leasing property deal

The City of Cape Town is considering offering a leasing property deal for the Desmond & Leah Tutu Legacy Foundation with the hope that it will help rejuvenate the grimy inner city centre. ... Full story

KwaZulu-Natal >>

Tongaat Mall inquiry’s key witness in hospital

Controversial businessman Jay Singh checked himself into hospital this week. His hospital stint — described as a “routine check-up” — came the day after the first anniversary of the Tongaat Mall collapse. ... Full story

Africa Property News >>

Urbanisation drives hunger for property and development in Africa

Sub-Saharan Africa is a promising market for property as urbanisation, economic development and increased affluence among the rising middle class drive growth across the sector. ... Full story

International Property News >>

Redefine BDL banks on batch of new hotel assets

JSE-listed Redefine International’s hotel arm, the Redefine BDL Hotel Group, plans to have 100 hotels in its management portfolio in two years’ time, strengthening its position as the largest hotel manager in the UK. ... Full story

Property Market >>

SA Property Sector pulls off Returns of 7.4% in H1 2014

Despite subdued economic growth, South African property sector maintained modest growth delivering a total return of 7.4% for the first six months in 2014, the IPD South Africa Biannual Property Indicator released on Friday showed.... Full story

Economy >>

Rand weaker ahead of Zuma's State of the Nation Address

South Africa's rand inched lower against the U.S. dollar on Wednesday as investors held-off bets and took in profits ahead of President Jacob Zuma's State of the Nation Address (SONA) on Thursday evening at 7pm.... Full story

Company News >>

9% distribution growth for Emira Property Fund investors

Emira Property Fund today reported 9% increase in distribution growth of 64.65 cents per participatory interest (PI) for its half year results which ended 31 December 2014.... Full story

Tongaat Hulett

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