Time for built environment sector picks up the pace of Transformation, says Minister Nxesi

Speaking at the 2nd annual South African Council for Project and Construction Management Professions conference, Public Works Minister Thulas Nxesi says it’s high time the built environment sector picks up the pace of transformation.... Full story

A rush in Mall Robberies as the Festive Season approaches

With the festive season less than a month away, a number of major shopping centres have witnessed yet another renewed spate of armed robberies across SA provinces — notably in Gauteng, Western Cape and Kwazulu Natal.... Full story

Pivotal Property Fund prepares for JSE listing

Pivotal Property Fund, whose portfolio valued in excess of R9.2 billion, today said it was going ahead with its intended listing on the JSE Securities Exchange in December.... Full story

Consolidation to sweep SA's listed Property Sector

With little room left for growth and the desire to attain size, liquidity and attract institutional investors, South African Real Estate Investment Trusts (REITs) are looking increasingly to merge with others that have similar portfolios.... Full story

Leasing / Ownership /Management >>

SA Property Owners commend DPW for probing irregular expenditure

The South African Property Owners Association (SAPOA) has welcomed the announcement by Public Works Minister, Thulas Nxesi, that there will be a thorough investigation into irregular expenditure by the Department of Public Works (DPW).... 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 >>

Louis Botha lot to hit the Auction floor

A multiple use building located at 440 Louis Botha Avenue in Rouxville, will be brought to auction by Aucor Property during their forthcoming commercial Multiple Auction to be held on October 14th at the The Maslow Hotel, Sandton... 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 >>

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

Retail Property >>

SAPOA joins the chorus against Exclusive Retail Leasing

The South African Property Owners’ Association (SAPOA) has added its voice to the growing chorus of abandoning mall exclusivity clauses in retail leases — asking the Competition Commission to intervene.... 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 >>

Stable interest rate welcome news for SA housing market

The decision to keep the repo rate unchanged at 5.75% by the Reserve Bank’s Monetary Policy Committee, was widely welcomed by aspirant home buyers and those with existing home loans.... Full story

Gauteng >>

Ekurhuleni introduces Municipal account payment kiosks at Malls

The City of Ekurhuleni is revving up its revenue enhancement drive and will soon introduce payment kiosks at local malls and OR Tambo International Airport, where residents and travelers will able to view and pay their municipal accounts.... 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 >>

Dube TradePort gets Industrial Development Zone (IDZ) status

In a latest effort by government to promote industrialisation, KwaZulu-Natal's Dube TradePort will formally become a special economic zone under the new Special Economic Zones Act 16 of 2014.... 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 >>

Profits rise at Atlantic Leaf Properties

Atlantic Leaf Properties (ALP) on Monday reported a £32‚048 profit for its six months ended August‚ with headline earnings adjusted for listing and transaction costs and foreign exchange movements of £207‚047.... Full story

Property Market >>

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

Economy >>

Rand stages recovery after Lesetja Kganyago appointed new SARB Governor

The appointment of Lesetja Kganyago as the new Reserve Bank governor added a positive tone to the market, with the rand staging recovery at midday on Monday as the rally in the dollar eased.... Full story

Company News >>

Growthpoint, Acucap in talks with a view to merge

In a sens announcement on Thursday, Growthpoint Properties and Acucap Properties said they were still negotiating with a view on a takeover deal.... Full story

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