A sigh of relief as Reserve Bank retains repo rate at 5.75%

South Africans can breathe a sigh of relief as the Reserve Bank decided to leave the repo interest rate unchanged at 5.75% on Thursday, saying the domestic growth outlook had deteriorated further.... Full story

Pivotal Property Fund adds R1.5bn property assets to its basket

Unlisted Pivotal Property Fund on Wednesday said it had acquired R1.5 billion property assets from Standard Bank Properties which includes Sandton’s landmark Alice Lane development — and is considering listing on the JSE.... Full story

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

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

Listed Property / Investment >>

Resilient Property Income Fund lifts its dividend by 20.94%

Resilient Property Income Fund increased its dividend for the year to June by 20.94 percent to 168‚35c a unit, despite pressure on rental income caused by subdued growth in the South African economy.... 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

Retail Property >>

Spurt of Armed Robberies hits SA’s Major Shopping Centres

The sudden spurt in business robberies in some of South Africa's major shopping centres has caused concern among the public — in the past months, a number of malls were attacked by armed gangs and robbed of cash, cellphones and jewellery.... 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

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 >>

Botswana Property Market still worthwhile for Investment

Gaborone — Botswana's directly held investment property for commercial and residential sectors produced a total return of 21.4% last year, which is an improvement from 18.1% recorded for 2012, a study has revealed.... 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 >>

Future looks good for Hyprop Investments

In spite of adverse property fundamentals, Cape Town’s Canal Walk shopping centre owner, Hyprop Investments Limited, has turned in what it terms a 'robust' twelve months to June 2014 — as the property counter with a market capitalisation of R21 billion declared a distribution growth of 472 cents, up 11.3%.... Full story

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