Accelerate Property Fund bumps up distribution on growth

JSE-listed Real Estate Investment trust (Reit), Accelerate Property Fund with significant exposure in the Fourways node, has boosted its distribution for the six months to September 2014.... Full story

Tsogo Sun to pump up its Casino Investments

Tsogo Sun Holdings (TSH), already the largest hotel and casino operator in South Africa, is set to make major inroads into the market by upping its casino investments.... Full story

Stable repo rate a confidence booster for housing market

With the residential property market driven mainly by sentiment, yesterday’s decision by the Monetary Policy Committee to keep the repo rate unchanged augurs well for further confidence among home buyers.... Full story

Nedbank buys stake in Alberton's R450m Newmarket Value Centre

Nedbank Corporate Property Finance has bought a stake in the R450 million Newmarket Value Centre in Alberton — another sign of financier bullishness about the South African property market, particularly the retail sector.... Full story

Listed Property / Investment >>

SA bucks global real estate investment trend

The listed property market had come of age internationally the past few years, and JSE-listed REITs are actively following the global real estate investment trend, says Ken Reynolds, regional executive at Nedbank Corporate Property Finance.... Full story

Construction / Developments >>

Property built with a purpose

Sandton has unmatched appeal as a corporate address. The area is eminent, prestigious and offers everything that makes it easier to conduct business, from hotels, gyms and conference centres to shopping, banking and restaurants.... Full story

Leasing / Ownership /Management >>

Investec Property Fund bulks up with R871m purchase

Investec Property Fund said last week it would be buying a portfolio of 5 properties which includes two office building, two industrial properties and a retail centre, for R871 million from Investec Property ... Full story

Property Finance >>

Africrest Properties secures funding deal with Futuregrowth

Unlisted property group, Africrest Properties which controls a portfolio valued in excess of R500m, has secured a finance facility with Futuregrowth Asset Management.... 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

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 >>

Orange Farm gets R400m Shopping Mall

Just in time for the festive season shopping rush, the eagerly-awaited 27,000sqm, R400 million regional Eyethu Orange Farm Mall opened its doors last week Tuesday.... Full story

Industrial Property >>

Industrial Property has to be nimble

Property groups are shifting to clean industrial properties focussed on light manufacturing, warehousing and distribution as harder manufacturing struggles, SA Commercial Prop News has learnt.... 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 >>

Tanzania to start major port construction in 2015

Tanzania will launch construction of a major Chinese-funded sea port in 2015 to boost the trading capacity of the east African nation, a presidential statement read.... Full story

International Property News >>

Redefine International full year distributable earnings up 29.9%

Rand-hedge property fund, Redefine International plc (RPL), on Thursday reported a 29.9% rise in earnings available for distribution to £39.1m in the year to August from a year ago.... 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 >>

Sycom Property Fund H1 headline earnings drop to 94.32c

Sycom Property Fund (SYC) reported on Thursday headline earnings per unit for the six months to end September dropped to 94.32c from 102.16c in the 2013 interim period.... Full story

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