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Development capital boosts African infrastructure

New report sponsored by global law firm Baker & McKenzie finds that the funding gap for African infrastructure narrows to about USD25bn a year. ... Full story

Group Five sees H1 HEPS between 15% and 25% higher

Group Five expects headline earnings per share to be 15%-25% higher at between 125c and 136c for the six months to December 31 2015 from 109c per share in the year-earlier period.

Group Five downplays JSE warning

Group Five faces suspension for the late submission of results‚ explaining this involved debt instruments listed by a subsidiary and not the holding company’s shares.

Group Five upbeat on profit as rand boosts tolling business

Weak rand goes to construction firm Group Five’s rescue with the company signalling a likely return to profit in the year ahead.

WBHO, Group Five to face Competition Tribunal

Competition Commission refers the last case arising out of its investigation of bid rigging in the construction sector to the Competition Tribunal.

Attacq embarks on strategy to recycle capital

Attacq CEO Morné Wilken discusses full-year results from the mall developer which reports 20.6% growth in net asset value for shareholders.

Zendai seeks public's help with new master plan for Modderfontein

Zendai Development South Africa (ZDSA), the local subsidiary of Hong Kong listed Shanghai Zendai, held a series of public information sessions during July 2015 on the master plan for the proposed development of Modderfontein New City.

UK portfolio helps Redefine bulk up

Redefine International, the London and JSE-listed diversified property fund, acquires a R10bn property portfolio in the UK as it aggressively builds up its asset base.

‘Overvalued’ listed property in SA losing its lustre

Some pundits believe South African listed property’s strong run over several years is set to be derailed by revaluations and a slow-growing economy.

Durban’s sought-after Point poised for new wave of development

Durban’s Point precinct is been transformed into a property market paradise, with upgraded roads and waterways leading to upmarket apartment blocks.

Group Five shares plunge to four-month low after it flags earnings drop

Shares of Group Five plunge more than 14% on the JSE, as the construction company says annual profits will be sharply lower.

Indluplace becomes first residential-only Reit

Indluplace lists on the JSE at R10 a share‚ becoming the first residential-only real estate investment trust in the listed property sector.

High Street shows luxury

AN APARTMENT and retail block with 144 apartments at 135 Jeppe Street, Joburg, and a Sandhurst villa with four bedrooms en suite at 121 Empire Place will be on offer at the High Street auction on Tuesday. Lots on the roll include:

Steyn City raises mixed-use development to new heights

Steyn City, a staggering 2 000 acre lifestyle estate comprising residential units, golf course and commercial space, north of Fourways in Johannesburg — was launched yesterday by a low-profile billionaire Insurance tycoon Douw Steyn.

Modderfontein new city makes its mark

Construction has begun on the new R84 billion city in Modderfontein, Gauteng, owned by Hong Kong listed Shanghai Zendai, with development of 300 residential units underway.

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