Tsogo Sun ditches R23 billion Casino and Hotel deal
Tsogo Sun [JSE:TSH], the hotel and gaming group has suspended the sale of its casino and hotel businesses to Hospitality Property Fund [JSE:HPB] after failing to secure enough support from shareholders.
MAS expands German footprint with $1 Billion
MAS Real Estate (JSE: MSP) has expanded its presence in the German retail market through the acquisition of Flensburg Galerie shopping centre, northern Germany for R1 billion..
Redefine Properties acknowledges tough operating environment
Redefine Properties (JSE: RDF) shrugged off a sluggish economic recovery to increase its full year distribution by 5.5% and to grow its net asset value by 5.9% in the 2018 financial year.
Investing >>
Property Market wades through hard times amid uncertainty on land reform
The South African property sector has started to experience tougher conditions especially weaker economic growth and uncertainty on land reform.
Companies >>
Industrial focus lifts Equites Property Fund distributions
Equites Property Fund (JSE:EQU) grew its dividend per share 11.7% in the six months to August 2018, thanks to effective growth on its property portfolio over the corresponding period in August 2017.
Gauteng >>
Joburg inner city property developments on the cards — City of Joburg
The Johannesburg City Council has identified over eighty properties in the Inner City for investment and development opportunities.
Western Cape >>
Cape Town calls for forensic probe into sale of prime land
Cape Town - Mayor Patricia De Lille has ordered a forensic investigation into an allegedly botched auction of a prime piece of land in the city, leading to a potential loss of millions in revenue.
KwaZulu-Natal >>
R1.1 billion Mount Edgecombe Interchange to boost Commercial demand
The development and operational sides of the new R1.1 billion Mount Edgecombe Interchange in KwaZulu Natal has gained momentum, and so is the demand for commercial space in the near vicinity.
Construction Industry >>
Sephaku reveals cost-cutting plan despite net profit rise
Building and construction-materials group, Sephaku Holdings, says it has embarked on a cost-reduction programme aimed at reducing head office expenses.
Africa Property >>
Africa — A challenging environment for Real Estate Investment
Property Investors are still concerned that a lack of strong legal structures and reliable rules are making the decision to invest in other African countries difficult as opposed to investing in Europe — SA Commercial Prop News has learned.
International Property >>
Technology boost for Nepi Rockcastle's Romania malls
Shopping Centers Promenada and Mega Mall, which are part of the NEPI Rockcastle portfolio, are the first malls in Romania to implement the Google indoor mapping service.
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Stor-Age diversifies into UK market with R1.3 billion acquisition
Stor-Age Property REIT [JSE: SSS] has diversified its portfolio entering the UK self storage market — with an estimated R1.3 billion acquisition of the region’s sixth largest self storage operator, Storage King. ... Full story