After Fountainhead, takeovers are less obvious

Redefine Properties has finally got its hands on Fountainhead Property Trust, giving the company access to some strong shopping mall assets, reports Ortneil Kutama, SA Commercial Prop News Media Director.... Full story

Agents unhappy with Rate hike

Estate Agents have expressed their disappointment at the decision by Reserve Bank's Monetary Policy Committee to raise interest rates by 25-basis points to 6%.... Full story

SA Tourist arrivals fell 6% in the first quarter of this year — the first decline since the 2009 recession — and the industry blames this largely on the first batch of new regulations introduced in October last year

Hotels are empty, jobs are on the line

South Africa’s onerous new visa regulations have wreaked havoc on the tourism industry, ending an extended period of buoyant growth that had generated jobs and spurred the sluggish economy, according to a slew of reports and observations from top executives in the sector.... 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

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

Housing / Residential >>

Affordable housing needing sophistication

While some of SA's listed property funds have recently begun to develop affordable housing from scratch, in other African countries, the investment options have tended to be via trusts and not necessarily through property focused investment options.... Full story

Gauteng >>

Tshwane ignored advice against smart meter project

The Tshwane metro's electricity smart meter fiasco is refusing to die down‚ with new information revealed showing the metro was warned against the contract by former finance minister Pravin Gordhan.... 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 >>

KZN gets biggest share in SA's 2015 Budget

The KwaZulu-Natal province will receive the largest share of the budget of all the provinces in terms of equitable share, according to Finance Minister Nhlanhla Nene's 2015/16 budget tabled in the National Assembly on Wednesday.... Full story

Eastern Cape >>

Maimane pledges for better housing in Grahamstown

DA leader Mmusi Maimane vows to fight in parliament for better housing for Grahamstown township residents whose houses are flattened by a tornado.... Full story

Africa Property News >>

Kenya’s Two Rivers Mall nears completion

Construction of Two Rivers Mall in Nairobi will be completed by October this year with the development reportedly set to be the largest shopping mall in East Africa.... Full story

International Property News >>

Acquisitions boost Stenprop

Stenprop, the Bermuda Stock Exchange-listed property company with a recent secondary listing on the JSE’s AltX, on Thursday posted strong annual financial results, thanks to the "transformational" acquisition of Stenham's property portfolio.... Full story

Property Market >>

SA’s reputation not affecting Property Sector

South Africa’s listed property industry and real estate housing sector are under threat from a weakening economy and diminishing reputation, SA Commercial Prop News has leant.... Full story

Company News >>

Fortress announces intent to acquire Capital Property Fund

Fortress Income Fund has been on a mission to accrue overseas assets, with the company announcing last week its firm intention to acquire all the listed shares of Capital Property Fund.... Full story

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