CEO Norbert Sasse, attributes the results to significant growth in local property portfolio and its offshore investment, Growthpoint Properties Australia (GOZ).

Growthpoint Properties pays out 7.5% for half-year

Growthpoint Properties, SA’s largest REIT company, on Wednesday reported distribution growth of 7.5% to 84.4c a share for its six-month interim period to 31 December 2014.... Full story

Private sector hungry for student housing boom

Private sector hungry for student housing boom

Student housing has become a very attractive vocation for the private sector given the severe shortage of it in South Africa.... Full story

It’s time SA picks up the pace of greater energy efficiency, says Green Building Council

It’s time SA picks up the pace of greater energy efficiency, says Green Building Council

Green Building Council of South Africa says it’s high time the business sector and ordinary South Africans pick up the pace of greater energy efficiency, as further electricity hikes which have been proposed in the 2015 Budget.... Full story

Construction Industry >>

Corobrik MD Dirk Meyer said infrastructure spending at local government level especially, and a recovery in the residential building market countrywide, were supporting the group.

Corobrik upbeat on demand for bricks

Brick manufacturer Corobrik is upbeat about its business’s prospects this year thanks to higher infrastructure spending on hospitals, schools and affordable housing.... Full story

Property Finance >>

The directors of Africrest Properties, Nicholas Katsapas and Justin Blend confimed funding deal with Futuregrowth Asset Management to be used for future property acquisitions.

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 >>

No 5 Protea Place Sandown, a prime property located in the heart of Sandton, will be taken to auction by Aucor Property on 17th of March 2015 at 12h00 at the Park Hyatt Hotel in Rosebank.

AUCTION — Sandton Site to fall under the hammer

A prime piece of real estate in the commercial hub of Sandton, where the demand for A grade and A+ grade offices is at an all-time high, will be taken to auction by Aucor Property on 17th of March 2015 at 12h00 at the Park Hyatt Hotel in Rosebank.... Full story

Legal and Policy >>

The implementation of the Regulation of Land Holdings Bill would reduce foreign investor confidence in South Africa, affecting the economy as a whole, said SAPOA CEO Neil Gopal.

SA Property Owners upset with ban of Foreign Land Ownership in SA

Last week's announcement by President Jacob Zuma during his State of the Nation Address (SONA), regarding proposal to restrict foreign nationals from owning land, has disappointed the South African Property Owners Association (SAPOA).... Full story

Office Property >>

Nedbank Capital has acted as the mandated lead arranger and funder of the R1,4 billion new head office accommodation project for Statistics South Africa (Stats SA), says Mike Peo, Head of Infrastructure at Nedbank Capital.

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 >>

Shoppers waiting outside Maponya Mall in Soweto, where an attempted armed robbery took place inside Pick n Pay on 17 December 2014. Picture: Masego Rahlaga/EWN.

Spate of Armed Robbery puts Shopping Malls on guard

A recent spate of shopping centre heists in South Africa ahead of the festive season has prompted fears that organised criminals are turning their attention to these soft targets.... Full story

Industrial Property >>

Commercial property companies are shifting to clean industrial properties focussed on light manufacturing, warehousing and distribution as harder manufacturing struggles.

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

Leisure and Hospitality >>

Joop Demes, CEO of Pam Golding Hospitality, said for the last two years, South Africa's hotel sector has enjoyed double-digit growth in Revenue per Available Room (RevPAR), as tourists flock to the increasingly popular holiday destination.

Cape Town in line for new Hotel Investment

With a growing number of foreign tourists visiting, Cape Town has emerged as the most popular city in Southern Africa for new hotel investment despite the oversupply that depressed the industry since 2010 World Cup.... Full story

Housing / Residential >>

Dr Andrew Golding says lower inflation and a delay in the timing of the next interest rate hikes is obviously good news for the local residential property market.

Benign inflation and interest rate environment positive for home ownership

While generally anticipated by commentators in the market, the decision by the Monetary Policy Committee meeting to hold the repo rate steady at 5.75 percent is most welcome - particularly at a time when as a nation we are coping with ongoing power cuts which impact negatively on businesses and individuals alike.... Full story

Gauteng >>

Bruma Lake was a once-vibrant business environment with a flea market and restaurant strip along the lake.

R65m to rehabilitate the notorious Johannesburg’s Bruma Lake

The first phase of the City of Johannesburg’s R65-million project to rehabilitate Bruma Lake, east of Johannesburg, into a recreational park will finish later this month. ... Full story

Western Cape >>

The City of Cape Town is considering offering a leasing property deal of its Granary building to the Desmond & Leah Tutu Legacy Foundation.

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 >>

Two workers, Zakhithi Nxumalo and Zwelibanzi Masuku, died when a concrete slab collapsed on November 19 last year, and 29 others were injured.

Tongaat Mall inquiry’s key witness in hospital

Controversial businessman Jay Singh checked himself into hospital this week. His hospital stint — described as a “routine check-up” — came the day after the first anniversary of the Tongaat Mall collapse. ... Full story

Africa Property News >>

Dr Golding says future prospects for Africa offer significant growth potential for those with the foresight and ability to make the most of it.

Urbanisation drives hunger for property and development in Africa

Sub-Saharan Africa is a promising market for property as urbanisation, economic development and increased affluence among the rising middle class drive growth across the sector. ... Full story

International Property News >>

Redefine BDL CEO, Helder Pereira, said his group had just finalised a contract to manage the new portfolio of 22 hotels on behalf of LRG Acquisition.

Redefine BDL banks on batch of new hotel assets

JSE-listed Redefine International’s hotel arm, the Redefine BDL Hotel Group, plans to have 100 hotels in its management portfolio in two years’ time, strengthening its position as the largest hotel manager in the UK. ... Full story

Property Market >>

The South African investment property sector delivered an improved 7.4% total return for the six months in 2014, according to IPD South Africa Executive Director, Stan Garrun.

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 >>

The rand fell to its weakest level against the U.S. dollar in 12 years hit by on-going power constraints ahead of Zuma's State of the Nation Address (SONA)

Rand weaker ahead of Zuma's State of the Nation Address

South Africa's rand inched lower against the U.S. dollar on Wednesday as investors held-off bets and took in profits ahead of President Jacob Zuma's State of the Nation Address (SONA) on Thursday evening at 7pm.... Full story

Company News >>

Emira Property Fund CEO, James Templeton attributes its strong performance to the fund’s acquisitions, contractual rental escalations on the bulk of its portfolio, significant leasing progress made during the period.

9% distribution growth for Emira Property Fund investors

Emira Property Fund today reported 9% increase in distribution growth of 64.65 cents per participatory interest (PI) for its half year results which ended 31 December 2014.... Full story

Tongaat Hulett

Log in

New Member? Register now
Forgot password?

  1. Practical ways to conserve energy in commercial buildings (5.00)

  2. Revamped Killarney Mall Johannesburg welcomes a feast of entertainment and dining (5.00)

  3. New building gets 4-Star rating in Durban (5.00)

  4. Protecting the lifeblood of our economy (5.00)

  5. Upturn in demand for residential property developments (5.00)

Newsletter

Please enter your e-mail address below and click 'Subscribe'.



PRASA Corporate Real Estate Solutions

Africa Property News