Octodec coining it on City housing as demand surges
JSE-listed real estate investment trust (Reit) Octodec has identified city housing as an area of large growth in property opportunities in the next few years.
Real Estate Investments in South Africa increased by R28 billion
Investment volumes in South Africa’s real estate saw a 55,2% increase in 2016, despite economic challenges, weak currency and political uncertainty..
Rebosis Property Fund aims big with Shopping Centres
Retail-focused real estate investment trust Rebosis Property Fund, has concluded a transaction valued at R5 billion, acquiring two large regional malls — Baywest Mall in Port Elizabeth and Forest Hill in Pretoria.
Investing >>
SA Listed Property Growth Has Taken a Dive
There was very little in the way of positive news for South Africa’s listed property investors as the sector is down 1% in the year-to-date due to a number of reasons.
Gauteng >>
Thousands flock to Alex Mall for Inauguration
Despite consumers’ seemingly waning appetite for retail therapy, Alex Mall, featuring numerous popular clothing and interiors brands, was officially opened on Wednesday by Johannesburg Mayor Herman Mashaba.
Western Cape >>
R1 billion Cape Town development gets go ahead despite objections
A new R1 billion mixed-use development in Cape Town CBD has been given the go-ahead despite facing objections.
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.
Economy >>
South Africa's Credit Rating demoted to Junk Status
Ratings agency, Standard & Poor’s global on Monday announced South Africa's sovereign credit rating has been downgraded to junk status, following the removal of finance minister Pravin Gordhan.
General News >>
SA's top Property Media honoured at 2016 SAPOA Awards
SA Commercial Prop News, once again scooped the best digital publication of the year at the 2016 South African Property Owners Association (Sapoa) Property Journalism Awards — which were presented at galler dinner in Johannesburg.
Companies >>
Possible PPC and Afrisam merger
SA’s largest cement maker PPC recently announced that it has revived merger talks with its competitor AfriSam, after valuation rows in 2014 resulted in both companies ditching their ambitions to combine operations.
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 >>
Mauritius Property — Investors’ Paradise
There is more to Mauritius than its picturesque beaches and easy island living, which is helping the country to attract a lot of interest from Global and South African property investors.
Global Property >>
EU real estate markets hold ground against geopolitical uncertainty
Although commercial property markets is some parts of Europe experienced a slight downturn last year, investors appear unfazed by the geopolitical uncertainty and Brexit.
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Africa’s industrial policies key to sustained growth
There is an urgent need for Africa to develop industrial policies which will underpin the diversification of production structures, raise competitiveness levels and expand the continent’s export basket, says Trade and Industry Minister Rob Davies. ... Full story
