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Leasing and Ownership

Kannaland Municipality rents out private land to Vodacom

Property tycoon Pierre Gerber thought he owned a share of a pristine Karoo koppie outside Ladismith in the Western Cape. ... Full story

Arrowhead secures eight buildings in Joburg’s Maboneng for R180m

Arrowhead Properties (AWA) said on Tuesday that it had exchanged contracts to purchase a portfolio of eight buildings in Johannesburg’s Maboneng Precinct for R180 million from Propertuity. ... Full story

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

S.Africa Government conned by Private Office Rentals

The department of public works spends over R3bn/year leasing office space in privately owned buildings on behalf of national government departments. ... Full story

Treasury directive to limit Public Works Property leases sparks concern

The directive by the National Treasury to limit terms of renewals on expiring property leases for the Department of Public Works (DPW) has worried Property Owners saying it will have unintended and negative consequences. ... Full story

Fountainhead buys Robor building in Elandsfontein for R570m

Fountainhead Property Trust on Wednesday announced that it had acquired an industrial property belonging to Robor Pty Ltd at 233 Barbara Road, Elandsfontein, in Ekurhuleni east of Johannesburg, for R570.7 million. ... Full story

Commission approves R6bn sale of Tiber’s property portfolio to Growthpoint

The Competition Commission has approved the acquisition of Tiber Group portfolio of properties and management business to Growthpoint Properties. ... Full story

Liberty Group grabs 25% stake in Melrose Arch precinct

Financial service group Liberty Holdings on Monday said it had entered into an agreement with Melrose Arch Investment Holdings (MAIH) to acquire an undivided 25% share in Melrose Arch Precinct, north of Johannesburg. ... Full story

Budget Speech attack on property industry totally baseless

Claims made by Finance Minister Pravin Gordhan during his budget speech last Wednesday about the commercial property sector not honest in leasing deals made to government are unjustified, says SAPOA. ... Full story

SAPOA hails govt’s decision to seize embezzled state properties

South African property body, SAPOA whose members own approximately 90% commercial retail, office and industrial property in the country, has hailed the government's decision to seize embezzled state properties. ... Full story

S.Africa Government to Audit land privately owned

The government is to embark on the second phase of its land audit, aimed at identifying who owns the 79% of privately owned land in SA, including their nationality and their demographic profile. ... Full story

Tower Property Fund snaps up Clifton Place for R80.5m

Tower Property Fund has concluded an agreement with Motifprops 77 Proprietary Limited for the acquisition of the property known as Clifton Place for R80.5m. ... Full story

No further competition authority action on long-term Supermarket leases

The Competition Commission confirmed on Friday that it had concluded its investigation into long-term supermarket lease agreements and their anti-competitive effects‚ and that it would not refer the matter for prosecution before the Competition Tribunal. ... Full story

Shanghai Zendai, AECI Modderfontein property deal gets green light

The R1 billion Modderfontein land sale deal struck between Chinese Real Estate developer Shanghai Zendai Property and chemicals company AECI (AFE) has been granted approval by the Competition Commission. ... Full story

Dipula adds R316m Gillwell Taxi Retail Park to portfolio

Dipula Income Fund (DIA) said on Wednesday that it had agreed to acquire the Gillwell Taxi Retail Park development in the East London CBD, for R316 million. ... Full story

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