Property Market wades through hard times amid uncertainty on land reform

The South African property sector has started to experience tougher conditions especially weaker economic growth and uncertainty on land reform.

UK PM supports S.Africa’s land reform

British Prime Minister Theresa May says the United Kingdom has for some time supported land reform in South Africa - as it is a process carried out in a legal, transparent and democratic manner..

Investing >>

Property pinch ‘to push consolidation’

Executives in the property sector have had a wild ride over the past year as South Africa’s economic woes continue to hit hard.

Companies >>

Stor-Age diversifies into UK market with R1.3 billion acquisition

Stor-Age Property REIT [JSE: SSS] has diversified its portfolio entering the UK self storage market — with an estimated R1.3 billion acquisition of the region’s sixth largest self storage operator, Storage King.

Gauteng >>

Balwin, Transcend team up for R6.4 billion Apartment venture

Sectional title heavyweight, Balwin Properties and Transcend, a residential property fund, are for the first time collaborating to develop 8,900 affordable rental apartments worth R6.4 billion over the next six years.

Western Cape >>

Historical Cape hospital acquired for R300m

Cape Town - A building, housing the oldest private hospital in Cape Town CBD, Christiaan Barnard Memorial, has been bought by private developers for R300 million.

KwaZulu-Natal >>

New Ballito Junction Mall ready to trade despite dwindling consumer spending

The much-awaited Ballito Junction Mall located in KwaZulu-Natal's North Coast holiday town of Ballito, will be opening to the public on Thursday, March 23 despite other Mall Owners feeling the pinch amid dwindling consumer spending.

Construction Industry >>

Colluding Construction giants reach aggreement with Government

Construction companies that colluded around the 2010 Fifa World Cup Stadium projects, have paid their first sum of R117m in terms of the settlement agreement they entered into with the National Revenue Fund.

Africa Property >>

Africa — A challenging environment for Real Estate Investment

Property Investors are still concerned that a lack of strong legal structures and reliable rules are making the decision to invest in other African countries difficult as opposed to investing in Europe — SA Commercial Prop News has learned.

IHS Conference Nedbank 2018

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