Growthpoint Properties acquires stakes in Acucap and Sycom

Growthpoint Properties today announced it has acquired a 34.9% stake in Acucap Properties and a 31.5% stake in Sycom Property Fund, in a substantial R4,66 billion transaction.... Full story

SA Green Building Council hits milestone following 50th green building certification

The South African Green Building Council (GBCSA) on Thursday last week hailed the commitment shown by the commercial property sector and that the green building movement has gained significant momentum with the achievement of 50 Green Star SA certifications in only six years.... Full story

Shanghai Zendai unveils R84bn landmark development plans for Modderfontein

Hong Kong listed Shanghai Zendai on Wednesday revealed ambitious plans to create a new city centre, with the recently acquired 1600ha of land in Modderfontein north-eastern Johannesburg.... Full story

Calls for reform as South Africa’s infrastructure programme faces setbacks

The head of Pretoria Portland Cement (PPC), CEO Ketso Gordhan called for a reform of South Africa’s infrastructure procurement processes and proposed the creation of professional oversight bodies to fast-track infrastructure projects.... Full story

Property Investment >>

SA listed property looks offshore

Given the poor performance of local listed property stocks last year, South African investors have been offered opportunities to look for offshore investments.... Full story

Construction / Developments >>

Haste led to Tongaat Mall collapse

A worker on the construction of the Tongaat Mall, which collapsed on November 19 killing two people and injuring 29, said that haste led to the tragedy at the site near Durban. ... Full story

Green Building / Environmental >>

World Green Building Council appoints SA Green Leader as new Chair

World Green Building Council (World GBC) announced on Tuesday that Bruce Kerswill, Executive Chairman of the Green Building Council South Africa (GBCSA), has been appointed as the new Chairman.... Full story

Leasing and Ownership >>

Investec Property Fund acquisitions hit R857m

JSE-listed property group Investec Property Fund has increased its interest to 100% in two major office portfolio acquisitions, namely the Nicol Main and the RPP portfolios announced late last year. ... Full story

Property Finance >>

Iveco South Africa gets R230m loan boost from Nedbank

Global vehicle manufacturer, Iveco South Africa (Pty) Ltd has boosted its financial resources for development and refurbishment of a motor vehicle manufacturing facility in Rosslyn, Pretoria, through a R230 million loan from Nedbank Corporate Property Finance.... Full story

Legal and Policy >>

Public Works violated SA's Constitution on Nkandla says Madonsela

Public Protector Thuli Madonsela delivered her report on President Jacob Zuma's Nkandla residence, saying him and his family unduly benefited from the upgrades made by an estimated R246 million.... Full story

Technology in Property >>

Bringing Social Media into the Retail environment

A new study by SA Council of Shopping Centres (SACSC) shows that, once again, South Africans are latching onto a technological advancement quicker and social media playing vital role to retailers and consumers.... Full story

Office Property >>

Gautrain and traffic congestion a fillip for Joburg’s Northern office nodes

Gautrain rapid rail network is drawing interest in commercial property investment as well as new developments around the station precincts, notably in Johannesburg’s prime northern nodes of Bryanston, Rosebank, Sandton and Midrand.... Full story

Retail Property >>

New ‪Shopping‬ Mall destined for Limpopo’s Bela-Bela

Atterbury together with Shoprite Checkers and local developer 2020 developments are developing the new Bela Mall, which will bring shopping and dining to the town of Bela-Bela in Limpopo when it opens on 23 October 2014.... Full story

Industrial Property >>

John Ross Eco Junction grows apace with first new development

John Ross Eco Junction, a commercial industrial development grows apace with first new facility for Tangawizi Motors to accommodate four motor dealership brands namely Hyundai, Daihatsu, Renault and Honda.... Full story

Leisure and Hospitality >>

Tsogo Sun intents to acquire properties it manages

Tsogo Sun (TSH) has continued its drive to own the hotels it manages‚ having increased its stake in the bulked-up Cullinan Hotel joint venture with Liberty Group (LBH) for a net cost of R760m.... Full story

Gauteng >>

Johannesburg’s Rosebank on the rise

The construction of the Gautrain station, major commercial property and transport developments in Rosebank are among exciting projects that have turned the node into a unique, vibrant and cosmopolitan hub.... Full story

Western Cape >>

Cape Town Govt keen to dispose prime sites

The Western Cape government is considering selling off four of its prime properties, including parts of the Somerset Hospital precinct next to the V&A Waterfront. ... Full story

KwaZulu-Natal >>

Nongoma town in KwaZulu-Natal gets R4m

The KwaZulu-Natal Finance Department has injected R4 million to assist with infrastructure development in the dilapidating Nongoma town.... Full story

Africa Property News >>

International Council of Shopping Centers seeks African growth

NEW YORK – The International Council of Shopping Centers (ICSC), on Tuesday announced that it is had launched an African research group to help its membership tap into the economic growth potential across the continent.... Full story

International Property News >>

Capco’s Earls Court Village proposals approved

Capital & Counties Properties (CCO‚ Capco) said on Friday last week that its design proposals for Earls Court Village and Empress State Building had been approved.... Full story

Property Market >>

SA’s Property Sector maintains a steady growth in 2013

The South African investment property sector maintained modest growth delivering a total return of 15.3% in 2013, the IPD South Africa Annual Property Index, released on Tuesday, showed.... Full story

Economy >>

SARB keeps Repo rate untouched at 5.5%

South Africa's Reserve Bank Governor, Gill Marcus left interest rates unchanged at 5.5 percent, saying the economic growth outlook remained subdued although risks to inflation were on the upside.... Full story

Company News >>

Atlantic Leaf Properties raises R175m

Atlantic Leaf Properties‚ which will list on the JSE’s AltX on Friday‚ said last Friday it had raised R175m (approx. £10m) by issuing 10-million shares at R17.51 a share.... Full story

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