Attacq full year NAV per share up 24%

Capital growth fund Attacq limited, which made an entry on the JSE last year October, today said its net asset value per share (NAVPS) increased by 24% to R14.77 for the year ended June 2014.... Full story

Redefine Properties makes 'significant' investment in Emira

Redefine Properties has made an investment in Emira Property Fund by acquiring approximately 11% of its Participatory Interests (PIs) — a move which has made Redefine become one of Emira’s larger PI holders.... Full story

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

Green building is an economic necessity says Nedbank Executive

While questions have arisen about the potential crushing effects of the recent economic situation on the trend toward green building and retrofitting, Nedbank Corporate Property Finance regional executive, Ken Reynolds has concluded that the value of green building remains strong.... Full story

Listed Property / Investment >>

High Payouts as SA Property counters record growth

An increase in revenue from offshore investments, fixed property portfolio and containment of expenses were some of the factors that helped well-established property counters record solid annual results over the past six weeks.... Full story

Construction / Developments >>

Strong winds blow down Baywest Mall wall

The accident at the Baywest Mall construction site on the outskirts of Port Elizabeth, in which a worker was critically injured, has been attributed to strong winds. ... Full story

Leasing / Ownership /Management >>

Dipula absorbs six shopping centres for R425m

Dipula Income Fund has acquired 6 shopping centres from Redefine Properties for a consideration of R425-million, 25% of which will be settled in cash and the balance in Dipula A and B linked units. ... Full story

Property Finance >>

New Cement maker enters the race for South African Market

Mamba Cement has entered the race for South African cement producing, after Nedbank Capital and the Bank of China Johannesburg provided R1.1 billion towards debt capital to fund the new China player into the market.... Full story

Property Auctions >>

Kyalami race track auction signals Investors’ appetite for prime property

Midrand’s Kyalami race track auction deal in which Porsche SA made the highest bid of R205m, is evident that the property market is moving again with deals being concluded particularly at auction events raising investor confidence.... Full story

Infrastructure / Energy >>

City Power electricity tariffs to rise 7%

Johannesburg — City Power had no choice but to pass on a 7 percent tariff increase to consumers, it said on Thursday after the National Electricity Regulator of SA (Nersa) approved hikes.... Full story

Legal and Policy >>

Call on Minister to invoke his discretionary powers to expedite spatial planning

Commercial property owners are appealing to the Minister of Rural Development and Land Affairs, Gugile Nkwinti, to invoke his discretionary powers to expedite Spatial Planning and Land Use Management Act, 2013 (SPLUMA) to prevent damaging logjams in the property development sector.... Full story

Office Property >>

Melrose Arch comes at a Premium

Johannesburg's Melrose Arch, the prestigious mixed-use precinct with a touch of Paris and Milan is considered one of South Africa’s prime real estate developments — but its office rental price tag comes at a premium.... Full story

Industrial Property >>

Dube Tradeport grows apace with R80m funding deal

Durban’s Dube Tradeport, a 2 840 hectare commercial development close proximity to King Shaka International Airport, grows apace with the funding of a new R80 million industrial warehouse development backed by Nedbank Corporate Property Finance.... Full story

Leisure and Hospitality >>

Cape Town hotel earns Africa's Leading City Hotel Award

This is after the Pepper Club Hotel & Spa was named as Africa's Leading City Hotel for the second time in a row by the World Travel Awards.... Full story

Housing / Residential >>

Residential property gaining popularity among SA REITs

Freedom Property Fund, which became the fourth property company to list on the JSE this year, last week said it had launched two major residential property developments aimed to boost the groups portfolio. ... Full story

Gauteng >>

Gauteng to assist SMEs with Commercial Property space

The Gauteng provincial government is considering turning its unoccupied, unused commercial properties into sites for small businesses in township areas, according to economic development MEC Lebogang Maile.... 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 >>

R22bn Go Durban project forges ahead despite complaints

The construction of the first phase of the multibillion-rand integrated rapid public transport network system, known as Go Durban, is set to continue despite complaints from some businesses and landowners... Full story

Africa Property News >>

Eris Property Group launches African Real Estate Fund venture

Property services and development company Eris Property Group and Momentum Global Investment Managers are collaborating on setting up an African Real Estate Fund focused on Sub-Saharan Africa.... Full story

International Property News >>

Redefine International sells stake in Cromwell

Redefine International said on Monday it had disposed 54.24 million securities in its associate company the Cromwell Property Group, held through its 100% held subsidiary, Redefine Australian Investments Limited.... Full story

Property Market >>

Retail Property maintains momentum despite subdued economic growth

When the going gets tough – the tough go shopping! This often used levity expression currently has a ring of truth to it as far as South Africa’s retail property market is concerned.... Full story

Economy >>

Unemployment surges while business confidence plunges

South Africa's Business confidence fell 87.9 in July the lowest level since September 1999, said the South African Chamber of Commerce and Industry (Sacci).... Full story

Company News >>

Fairvest holds up in high-growth low-LSM consumer market

Fairvest Property Holdings, a retail property fund focused on mid-sized community and regional shopping centres, believes that the lower income market is showing the highest growth in retail demand.... Full story

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