Central Square, a R1.8 billion mixed-use development which opened on Wednesday. is set to become a prominent landmark in Menlyn Maine district of Tshwane – the country’s first “green city” precinct.
Compared particularly to the retail market, less so the office sector, there is a growing view in the market that the industrial property sector is worthy of a more detailed assessment.
THERE are a number of retail development opportunities in the buoyant South African property sector but potential investors and developers must ensure they have investigated the project thoroughly before committing huge resources.... 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
Western Cape >>
Construction work has finally begun on a multi-billion rand mixed-use property development located in an industrial node of Milnerton, Cape Town.... Full story
Pretoria – The South African Reserve Bank on Thursday, left the repo rate at 7 percent for a third consecutive time this year, raising its forecast for economic growth to 0.4 percent.... 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 >>
Construction giant Murray & Roberts (JSE: MUR), which helped building South Africa's 2010 FIFA World Cup stadium projects, is exiting infrastructure and building business markets.... 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