SA’s listed property market Comes of Age

South Africa’s listed property sector made strides in becoming an accepted and even popular asset class in 2014, SA Commercial Prop News has learned.... Full story

Long way to go with Transformation for Property Sector

The transformation of listed property has slowed over the past few years and improvements are needed. There are only a few black professionals heading funds and not enough black people working in the sector.... Full story

Gauteng to build three new Cities

Gauteng government is signalling its confidence in the province by putting out an ambitious plan which aims to establish three new cities.... Full story

Acsion Limited picks up all the right signals from investors

Property developer Acsion Limited (ACS) enjoyed a sparkling debut on the Johannesburg Stock Exchange on Tuesday, with shares opening at R10.80, giving it a market cap of R4.2 billion.... 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 >>

Stefanutti Stocks H1 diluted HEPS up 30% to 44.41c

Stefanutti Stocks on Thursday said its performance in the first six months of its financial year was in line with management’s expectations.... 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 >>

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

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 >>

Steady interest rate adds a little more festive cheer for property and the economy

The announcement by new Reserve Bank Governor, Lesetja Kganyago that the bank’s Monetary Policy Committee would keep the repo rate unchanged at 5,75% (base home loan rate at 9,25%) is indeed welcome news for home owners, prospective buyers and the economy as a whole.... 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 >>

Capco raises £150m to fund Covent Garden debt via US investors

Capital & Counties Properties (Capco) has announced that Capco Covent Garden, the holding company for its Covent Garden properties, has raised £150m of debt from five US institutional investors.... 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

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