The directive by the National Treasury to limit terms of renewals on expiring property leases for the Department of Public Works (DPW) has worried Property Owners.

Treasury directive to limit Public Works Property leases sparks concern

The directive by the National Treasury to limit terms of renewals on expiring property leases for the Department of Public Works (DPW) has worried Property Owners saying it will have unintended and negative consequences.... Full story

Redefine offers shares to acquire Annuity Properties

Redefine offers shares to acquire Annuity Properties

Redefine Properties (RDF) said on Friday that it had offered to acquire the entire issue capital of Annuity Properties (ANP) by way of a scheme of arrangement, and Annuity’s asset and property management companies. ... Full story

Ambitious strategy to revive part of Sandton City Mall takes off

Ambitious strategy to revive part of Sandton City Mall takes off

JSE-listed Liberty Group and Pareto Limited on Thursday launched development to rejuvenate space within Sandton City, aptly named Diamond Walk, and create an ultra-exclusive shopping experience for its clientele.... Full story

Commission approves R6bn sale of Tiber’s property portfolio to Growthpoint

Commission approves R6bn sale of Tiber’s property portfolio to Growthpoint

The Competition Commission has approved the acquisition of Tiber Group portfolio of properties and management business to Growthpoint Properties.... Full story

Property Investment >>

Attacq CEO Morné Wilken said the fact the placement was oversubscribed multiple times suggested there was confidence in the company and the listed property sector in general.

Attacq wins favour with Investors

Investor confidence in Attacq (ATT) remained strong on Wednesday‚ with the recently listed capital growth fund raising R512m in an oversubscribed share placement.... Full story

Construction / Developments >>

Standing Left to Right: Rudolf Pienaar – Growthpoint; James Tannenberger – Zenprop Property Holdings; Estienne de Klerk – Growthpoint; Adrian Gore – Discovery; Barry Swartzberg – Discovery and John Robertson – Discovery.

Discovery Limited finds a new home in Sandton

Discovery Limited, Growthpoint Properties and Zenprop, today launched a four-year property development that will see Discovery's more than 5 000 employees move into a new head office in Sandton. ... Full story

Green Building / Environmental >>

Bruce Kerswill, Executive Chairman of the Green Building Council South Africa (GBCSA) and the pioneer who led the charge in the formation of the local Council, has been appointed as the Chairman of the World Green Building Council (World GBC).

World Green Building Council appoints SA Green Leader as new Chair

World Green Building Council (World GBC) announced on Tuesday that Bruce Kerswill, Executive Chairman of the Green Building Council South Africa (GBCSA), has been appointed as the new Chairman.... Full story

Leasing and Ownership >>

During the 2014 Budget Speech, Finance Minister Pravin Gordhan asked of the property industry, “Why aren’t you honest in the leasing deals you make with government?”

Budget Speech attack on property industry totally baseless

Claims made by Finance Minister Pravin Gordhan during his budget speech last Wednesday about the commercial property sector not honest in leasing deals made to government are unjustified, says SAPOA.... Full story

Property Finance >>

Iveco South Africa (Pty) Ltd has boosted its financial resources for development and refurbishment of a motor vehicle manufacturing facility in Rosslyn, Pretoria, through a R230 million loan from Nedbank Corporate Property Finance.

Iveco South Africa gets R230m loan boost from Nedbank

Global vehicle manufacturer, Iveco South Africa (Pty) Ltd has boosted its financial resources for development and refurbishment of a motor vehicle manufacturing facility in Rosslyn, Pretoria, through a R230 million loan from Nedbank Corporate Property Finance.... Full story

Legal and Policy >>

According to Trade and Industry Minister Rob Davies, local consumers with paid-up judgments at credit bureaus are set to have their adverse records removed starting on April 1, 2014.

Impaired credit history set for cleanup at Bureaus

According to Trade and Industry Minister Rob Davies, local consumers with paid-up judgments at credit bureaus are set to have their adverse records removed starting on April 1, 2014.... Full story

Technology in Property >>

A new study shows that, once again, South Africans are latching onto a technological advancement quicker and social media playing vital role to retailers and consumers.

Bringing Social Media into the Retail environment

A new study by SA Council of Shopping Centres (SACSC) shows that, once again, South Africans are latching onto a technological advancement quicker and social media playing vital role to retailers and consumers.... Full story

Office Property >>

Office demand is focused on space within walking distance of Gautrain stations.

Gautrain and traffic congestion a fillip for Joburg’s Northern office nodes

Gautrain rapid rail network is drawing interest in commercial property investment as well as new developments around the station precincts, notably in Johannesburg’s prime northern nodes of Bryanston, Rosebank, Sandton and Midrand.... Full story

Retail Property >>

Strong demand for more space from national retailers aiming to grow revenue and market share will drive retail property performance according to Emira Property Fund CEO James Templeton.

Retail market holding up relative to other Property Sectors

Retail property market has continued to hold an upbeat view on its performance and certainly expect property returns to be significantly superior to the other South African commercial property sectors in 2014. ... Full story

Industrial Property >>

Industrial space close to OR Tambo International Airport notably in Johannesburg’s prime eastern nodes of Isando and Spartan has improved significantly over the past decade, with a large take up of existing properties across all areas.

Industrial space close to OR Tambo International Airport selling well

Industrial space close to OR Tambo International Airport notably in Johannesburg’s prime eastern nodes of Isando and Spartan has improved significantly over the past decade, with a large take up of existing properties across all areas.... Full story

Leisure and Hospitality >>

Sun International CEO Graeme Stephens said despite the subdued trading environment, the company had implemented initiatives that should secure growth in profits and adjusted headline earnings compared with the second half of the 2013 financial year.

Sun International reports half year profits drop

SA’s second-biggest hotels‚ gaming and resorts group, Sun International on Monday reported first-half year profit dropped 21 percent as gambling revenue stagnated and the cost of eliminating jobs rose.... Full story

Gauteng >>

During her state of the province address, Gauteng Premier Nomvula Mokonyane said the upgrading of provincial road networks contributed "to improving the quality of life of our people".

Gauteng makes Road Infrastructure, Health and Education top priority

Gauteng Premier Nomvula Mokonyane says the province has made great strides in upgrading road networks, health and education sectors - which have been the key focus areas during her administration.... Full story

Western Cape >>

Cape Town’s Victoria & Alfred (V&A) Waterfront expansion and refurbishment pays off for Growthpoint Properties and Public Investment Corporation (PIC), as the precinct has become the most visited landmark in SA, attracting 23m visitors a year.

Cape Town’s V&A Waterfront expansion pays off

Public Investment Corporation (PIC) and Growthpoint Properties are reaping the rewards of expanding and refurbishing Cape Town’s Victoria & Alfred (V&A) Waterfront, as the precinct has become the most visited landmark in South Africa, attracting 23 million visitors a year.... Full story

KwaZulu-Natal >>

The Pietermaritzburg Airport is set for a R18 million facelift at its terminal building and apron, KwaZulu-Natal Finance MEC Ina Cronjé said on Tuesday.

Pietermaritzburg Airport gets R18 million facelift

The Pietermaritzburg Airport is set for a R18 million facelift at its terminal building and apron, KwaZulu-Natal Finance MEC Ina Cronjé said on Tuesday.... Full story

Africa Property News >>

Pretoria Portland Cement (PPC) CEO Ketso Gordhan says the more ambitious plan to double group earnings and capacity meant PPC was "looking to do at least one if not two more deals in Africa.

PPC eyes prospects in African markets

Pretoria Portland Cement (PPC) CEO Ketso Gordhan says the group’s management is looking at concluding one or two big deals in Africa in a bid to double earnings by 2018.... Full story

International Property News >>

Investec Australia Property Fund CEO, Graeme Katz, said yesterday that this acquisition was consistent with the fund’s strategy of investing in high quality office assets that were well located in metropolitan areas

Investec Australia Property Fund acquires office building in Brisbane

Investec Australia Property Fund (IAPF) on Thursday said it had acquired an A-grade commercial office building in the Garden City Office Park, 15km south of Brisbane’s CBD for AUD $20.95 million (R201.5 million).... Full story

Property Market >>

The 2014 fortunes of South African property market inextricably lies on the country’s economy performance and other markets, according to Frank Berkeley, Managing Executive at Nedbank Corporate Property Finance.

Hazy outlook for SA’s Property Sector in 2014

In spite of our fragile economy facing further setbacks, the 2014 fortunes of South African property market inextricably lies on the country’s economy performance and other markets. ... Full story

Economy >>

Read full text of Finance Minister Pravin Gordhan's national budget speech 2014, presented in the National Assembly, Cape Town on Wednesday, 26 February.

Full text of SA's National Budget Speech 2014

Read full text of Finance Minister Pravin Gordhan's national budget speech 2014, presented in the National Assembly, Cape Town on Wednesday, 26 February.... Full story

Company News >>

Oasis gains on reduced vacancy level

Oasis Crescent Property Fund (OAS) rose 1.47% to R13.80 on Friday after saying it had reduced its vacancy level from 15.9% at the end of March last year to 3.2%. ... Full story

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