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.
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..
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.
Investing >>
UK PM supports S.Africa’s land reform
British Prime Minister Theresa May says the United Kingdom has for some time supported land reform in South Africa - as it is a process carried out in a legal, transparent and democratic manner.
Companies >>
Major SA hotel group to pull out of Nigerian market
JSE-listed Sun International, on Monday said it plans to exit its investment in Nigeria amid shareholder dispute.
Gauteng >>
Joburg Mayor targets 500 hijacked buildings for Affordable Housing
City of Johannesburg Mayor Herman Mashaba vowed to reclaim 500 hijacked buildings, as part of his campaign to bring safety and order back to the area.
Western Cape >>
Historical Cape hospital acquired for R300m
Cape Town - A building, housing the oldest private hospital in Cape Town CBD, Christiaan Barnard Memorial, has been bought by private developers for R300 million.
KwaZulu-Natal >>
New Ballito Junction Mall ready to trade despite dwindling consumer spending
The much-awaited Ballito Junction Mall located in KwaZulu-Natal's North Coast holiday town of Ballito, will be opening to the public on Thursday, March 23 despite other Mall Owners feeling the pinch amid dwindling consumer spending.
Construction Industry >>
Colluding Construction giants reach aggreement with Government
Construction companies that colluded around the 2010 Fifa World Cup Stadium projects, have paid their first sum of R117m in terms of the settlement agreement they entered into with the National Revenue Fund.
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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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. ... Full story