Life insurer, Liberty Holdings Ltd (JSE:LBH), which co-owns the vibrant Sandton City with Pareto Limited, says it plans to list part of its property assets on the JSE as a Real Estate Investment Trust (REIT) by end of this year.
Aucor has announced that the City of Cape Town has mandated the company to sell the remaining open piece of land owned by the city in Lower Long Street on the Foreshore. .
The way property industry transactions are conducted could evolve with the development of blockchain technology, which is effectively the machine behind the cyber currency bitcoin.
Local government plays a major role in governance and the provision of basic public services in the country. Whoever governs the municipalities holds the key to South Africa’s success and attract property developers and investors.... Full story
Shopping Centre demand in Pretoria East is almost tipping over, but more malls are still coming online — raising the likelihood of an over-supply of retail stock in the region.... Full story
South Africans have welcomed the decision by the Monetary Policy Committee of the South African Reserve Bank to retain the repo rate at 7%, making it easier for real estate business to prosper. ... Full story
General News >>
Pretoria — Irregular as well as unauthorized expenditure in the SA’s municipalities has more than doubled since the current administrations took office five years ago, to R14.75bn, Auditor General Kimi Makwetu revealed Wednesday.... Full story
Company News >>
THE decision to dispose non-core assets and diversify property investments by SA Corporate Real Estate Fund seems to be paying off.... Full story
While other building material and industrial mineral companies have struggled to live up the hype, Afrimat and Corobrik on the other hand have been thriving despite a weak economy.... Full story
Despite Africa’s slowdown, Mara Delta remains bullish under the African growth story, with the company announcing that it will invest a further R1.580bn (US$ 110 million) into Mozambique real estate market.... Full story
Echo Polska Properties (EPP), which lists on the JSE in September following a listing on the Euro MTF market of the Luxembourg Stock Exchange (LuxSE) in August, remains excited about the prospects for the Polish real estate market despite the current volatility in Europe and other markets around the world.... Full story
South Africa’s new Real Estate Investment Trust (REIT) legislation has been earmarked for finalisation in 2013. ... Full story