South African Commercial Property Investment News | Real Estate Market
Two malls in Romania which are part of the NEPI Rockcastle portfolio, have implemented the exclusive Google Maps Indoor service.

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.

Investing >>

The property fraternity hopes mergers will deliver bigger, better and more liquid funds and draw the attention of fund managers. FILE PHOTO: Gandhi Square

Property pinch ‘to push consolidation’

Executives in the property sector have had a wild ride over the past year as South Africa’s economic woes continue to hit hard.

Companies >>

Canal Walk Shopping Centre owner, Hyprop Investments (JSE: HYP) increased its full-year dividend to end-June by 12.1%.

SA's Retail Sector is in trouble but Mall Owner managed to eke out growth

Although South Africa’s economic strife has dimmed prospects for a long-term revival in consumer spending, shopping centre owner, Hyprop Investments (JSE: HYP) is still managing to eke out growth.

Gauteng >>

Rob Wesselo, CEO of Transcend and Steve Brookes, CEO of Balwin, have collaborated to develop 8,900 affordable rental apartments.

Balwin, Transcend team up for R6.4 billion Apartment venture

Sectional title heavyweight, Balwin Properties and Transcend, a residential property fund, are for the first time collaborating to develop 8,900 affordable rental apartments worth R6.4 billion over the next six years.

Western Cape >>

A new development to emerge from historical Cape hospital, Christiaan Barnard Memorial, bought by private developers for R300 million.

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 >>

Current aerial view of Ballito Junction Mall opening on Thursday, 23 March 2017.

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 >>

Construction companies implicated in collusion have paid their first sum of R117m in terms of the settlement agreement they entered into with the National Revenue Fund, following the findings of investigations by competition authorities.

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 >>

Addressing Sapoa conference, Mark Stevens, Fortress Income Fund CEO said it was still highly risky to invest institutional capital in the likes of Nigeria, because property laws and regulatory frameworks were not strong enough yet.

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.

Nedbank Corporate and Investment Banking

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