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

Conference to focus on Transformation in SA Property Industry

Transformation in SA’s Property Industry will be a key focus at the South African Institute of Black Property Practitioners (SAIBPP) conference to be held at the Turbine Hall in Newtown, Johannesburg on 6 November 2014.... Full story

SA’s REIT market still too unusual for many Investors

South African property funds have recognised a tremendous need to educate investors about how they function as investments, SA Commercial Prop News has learnt.... Full story

Africa Property Investment a long but Fruitful Play

Despite the challenges, majority of SA’s listed property funds which have ventured into other African countries have chosen to start with shopping centre developments.... Full story

Listed Property / Investment >>

South African REITs to get environmental ratings — MSCI

MSCI Inc. (NYSE: MSCI), an investment research provider, on Thursday announced the availability of ESG ratings coverage for South African Real Estate Investment Trusts (REITs) as part of its global coverage of companies in this sector.... 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

Property Finance >>

New Cement maker enters the race for South African Market

Mamba Cement has entered the race for South African cement producing, after Nedbank Capital and the Bank of China Johannesburg provided R1.1 billion towards debt capital to fund the new China player into the market.... Full story

Property Auctions >>

Louis Botha lot to hit the Auction floor

A multiple use building located at 440 Louis Botha Avenue in Rouxville, will be brought to auction by Aucor Property during their forthcoming commercial Multiple Auction to be held on October 14th at the The Maslow Hotel, Sandton... 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 >>

A rush in Mall Robberies as the Festive Season approaches

With the festive season less than a month away, a number of major shopping centres have witnessed yet another renewed spate of armed robberies across SA provinces — notably in Gauteng, Western Cape and Kwazulu Natal.... Full story

Industrial Property >>

Dube Tradeport grows apace with R80m funding deal

Durban’s Dube Tradeport, a 2 840 hectare commercial development close proximity to King Shaka International Airport, grows apace with the funding of a new R80 million industrial warehouse development backed by Nedbank Corporate Property Finance.... Full story

Leisure and Hospitality >>

August total income for accommodation industry up 8.3%

Total income for SA’s tourist accommodation industry (which includes restaurant‚ bar sales and “other” income) rose by 8.3% year on year (y/y) in nominal terms (current prices) in August‚ Statistics SA’s tourist accommodation survey released on Monday showed.... 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 >>

Focus on Partnerships key to unlock value in Africa’s Property Market

Property Investors and developers looking to expand into Africa, need to take heed that focusing on finding the right local partner on the ground, are among the quickest ways to unlock value and underpin growth in the continent. ... Full story

International Property News >>

InterContinental Hotels Group reports revenue growth

InterContinental Hotels Group on Tuesday booked rising quarterly revenues per room, buoyed by the United States, and expressed optimism over the annual outlook.... 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 >>

Gordhan’s resignation puts PPC in tough spot to find successor

IF PPC upholds former CEO Ketso Gordhan’s initiatives on executive pay and worker empowerment, it will thrust into the spotlight the ability of companies to attract quality CEOs when pay is not the biggest draw card, as well as the saleability of the idea of "conscious capitalism".... Full story

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