The Lakeside Office Building in Centurion developed by Growthpoint Properties, scooped overall SAPOA's Innovative Excellence Award in the Green Property Development category.

Double Award for Growthpoint Properties at SAPOA Convention

Growthpoint Properties Limited on Wednesday walked away with two prestigious South African Property Owners Association (SAPOA) Innovative Excellence Awards for Green and Industrial Property Development.... Full story

Hyprop year-end to change to June

In order to facilitate Hyprop's conversion to a Real Estate Investment Trust (REIT), Hyprop's financial year-end will change from 31 December to 30 June, effective 30 June 2013.... Full story

Julius Malema's farm in Limpopo to fall under the auctioneer’s gavel

After losing the upmarket house in Sandton for R5.9 million, the 140-hectare farm situated in Limpopo belonging to former ANC Youth League president Julius Malema popularly known as JUJU, will be falling under the auction hammer in June.... Full story

Property Investment >>

Head of listed-property funds at Stanlib on April 6th said that SA's listed property returns were 18.8% for the year to date, boosted partly by a "strong" bond market.

Local Listed property year-to-date returns jumps 18.8%

The listed property sector continues to outperform the other asset classes on the JSE recording returns of over 18.8% for the year to date, according to Keillen Ndlovu, the head of listed-property funds at Stanlib.... Full story

Construction / Developments >>

SA running short of Artisan Skills

In the next few years, South Africa is going to be running out of skilled bricklayers, carpenters, plumbers, electricians, plasterers and even painters.... Full story

Green Building / Environmental >>

Standard Bank to takes up residence in its news green building in Rosebank which has received a five-star rating for “green” design from the Green Building Council of SA.

SA Banks embracing Sustainability Development and Going Green

South African Banks have started to incorporate the concept of sustainability building into their business and are working with communities in the push towards going green.... Full story

Leasing and Ownership >>

Public Works Minister Thulas Nxesi said the department had worked closely with the Special Investigations Unit to investigate a number of irregular leases and projects. Of the total of 40 investigations‚ 23 had been completed.

Irregular leases and construction projects hits Government

The investigation by public works of "prestige" projects such as the renovation of ministerial houses has been extended to Cape Town where about R100m was spent on renovating 11 ministerial houses‚ Public Works Minister Thulas Nxesi said Tuesday.... Full story

Property Finance >>

Gary Palmer, CEO of Solutions, a short-medium term commercial lender, says that while there is value to be found in certain sectors of the commercial property market, some investors may struggle to obtain finance quick enough.

Non-bank lenders play key role in Commercial lending sphere

The introduction of non-bank lenders into the property market has been a boost for property investors, buyers and business owners.... Full story

Property Auctions >>

Mark Kleynhans, Head of commercial property at Aucor.

Aucor property hits a homerun with a R75 million result

Last week friday Aucor Property confimed that it had received bids worth R75 million worth of stock being sold on the day during their multiple commercial property auction held in Johannesburg on Wednesday 17th April.... Full story

Infrastructure / Energy >>

Collins Chabane, Minister in the Presidency for Performance Monitoring and Evaluation says South Africans will be informed in advance should the need arise for any such action, so that we can all plan sufficiently

No load shedding plans says Government

Government says there are no plans for load-shedding this winter, but officials have urged South Africans to save as much electricity as possible.... Full story

Facilities/Property Management >>

Commenting on the achievements, Malcolm Horne, CEO of Broll Property Group says SA Corporate Real Estate Fund is now our single largest client in our property management business.

SA Corporate Real Estate outsources Property Management of its R8.1 billion portfolio to Broll

SA Corporate Real Estate Fund, a diversified real estate investment fund listed on JSE, today announced that it has outsourced the property management of its commercial and industrial portfolio to Broll, effective from 1 July 2013.... Full story

Technology in Property >>

Google Inc. (GOOG), the world’s largest search engine, purchased 2.4 acres next to King’s Cross rail station in London to build a new U.K. headquarters.

Google commissions AECOM's Davis Langdon for its new UK Headquarters

Global property and construction consultancy Davis Langdon, an AECOM company, has been appointed the role of cost consultant on Google’s European headquarters in King’s Cross, north London.... Full story

Office Property >>

Top quality buildings in all nodes continue to enjoy little or no vacancies with the bulk of the vacancies located in secondary buildings. An artist’s impression of 22 Bree Street Cape Town, the new home of Bowman Gilfillan.

Cape Town office vacancy Q1 2013 reveals ‘little change’

Cape Town Office vacancies in the various nodes included in the first quarter of 2013 SAPOA Office Vacancy Survey show little change to the previous quarter’s figures.... Full story

Retail Property >>

Newtown Junction project coincided with the revamp and extension of the Market Theatre precinct and was expected to draw in additional 5000 people and 2500 cars to the central business district.

Newtown's R1.3 billion mall development on track

The big hole being dug in Newtown is the start of a R1.3 billion retail and office development incorporating some of Johannesburg's most historic buildings, it was reported on Monday.... Full story

Industrial Property >>

Winhold disposes property for R19 million

Industrial holding company Winhold has agreed to sell the property occupied by its discontinued subsidiary T & E Pipe Systems for R19 million.... Full story

Leisure and Hospitality >>

Speaking at the opening ceremony of the 2013 Tourism Indaba, Tourism Minister Marthinus van Schalkwyk announced that through South Africa’s marketing efforts in tourism they have reached over one billion consumers.

SA tourism marketing efforts reaches 1bn consumers

Tourism Minister Marthinus van Schalkwyk has announced that through South Africa’s marketing efforts in tourism they have reached over one billion consumers.... Full story

Housing / Residential >>

Andrew Watt, Managing Director of Lightstone.

SA to experience fewer home repossessions in 2013

Housing markets constantly move through cycles, many of which have been seen to have a direct correlation with that of the general business and economic environment, according to Lightstone's recent prognosis on SA property market.... Full story

Africa Property News >>

Broll office in Rwanda. The property management company has established itself in 15 African countries.

Broll is making significant inroads into Africa

Headquartered in South Africa, Broll is making significant inroads into Africa, opening three new offices on the African continent in 2013.... Full story

International Property News >>

Alexandra Tornow, Associate Director, EMEA Logistics & Industrial Research at Jones Lang LaSalle.

European logistics markets remain stable despite subdued Eurozone outlook

The Q1 2013 European logistics real estate take-up market continued to demonstrate steady performance, according to the latest analysis from Jones Lang LaSalle.... Full story

Property Market >>

Industrial rentals rising, but we’re not out of the woods yet says Rode

The South African Property Market reveals a modicum of good news for the industrial property market, according to property valuer and economist Erwin Rode of Rode & Associates.... Full story

Economy >>

Sacci reports Trade conditions moderately positive in March

Trade conditions were moderately positive as they moved deeper into positive territory in March, said the South African Chamber of Commerce and Industry (Sacci).... Full story

Events >>

CNN’s international business correspondent Richard Quest will be the master of ceremonies at the SA Property Owners' Association (SAPOA) International Convention & Property Exhibition.

SAPOA Convention Keynote Speakers to outline diversity views on land and property

This year's SA Property Owners' Association (SAPOA) International Convention & Property Exhibition has announced the latest additions to its already-strong keynote speaker line-up, with hard-hitting topics being tackled by a line-up of global and local experts.... Full story

Company News >>

Desmond (Des) de Beer Managing director and chief executive officer of Resilient Property Income Fund

Resilient gains 2.8% after H1 12% growth report

Retail property loan stock company, Resilient Property Income Fund (RES) shares gained 2.8% to R60.50 on Friday after it said it expected its distribution per linked unit for the six months ended June to rise 12%.... Full story