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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. ... Full story

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.

Construction sector hits hard times

Energy projects and road infrastructure upgrades may offer some relief for South Africa’s beleaguered listed construction companies, but investors without a suitably long time horizon should probably think better of being seduced by the siren of attractive multiples.

Record property prices for luxury units

Developers are fetching record prices in a number of new luxury apartment buildings in sought-after areas of Cape Town and Johannesburg.

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.

Esor FY headline loss per share narrows to 18.8c v 24.4c loss

Esor says that its headline loss per share has narrowed to 18.8c in the year to February from a loss of 24.4c in the year-earlier period.

Three wind farms to supply national grid

Three wind farms are under construction in the Northern Cape following the conclusion of the third round of SA’s Renewable Energy Independent Power Producer Procurement Programme.

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.

Stefanutti Stocks H1 diluted HEPS up 30% to 44.41c

Stefanutti Stocks on Thursday said its performance in the first six months of its financial year was in line with management’s expectations.

Group Five still in talks with Competition Commission over settlement

Diversified construction company Group Five (GRF) on Wednesday warned its shareholders of the “contingent risk” of civil claims possibly being lodged against the group after it was implicated in a Competition Commission report on anticompetitive behaviour.

Waterfall development expounds mixed-use benefits

The Waterfall development, spanning both sides of the N1 highway, from Buccleuch to Allandale Interchanges, has already secured developments valued at more than R7 billion, making this one of the fastest-off-the-ground mixed-use developments yet in Gauteng.

SAPOA Awards honour excellence in Property Developments

Property owners in South Africa today announced that No.1 Silo at the V&A Waterfront is the overall winner at the prestigious South African Property Owners Association (SAPOA) Innovative Excellence in Property Development Awards 2014, held at the Cape Town International Convention Centre.

Mudbricks much stronger than Concrete used at Tongaat Mall

A commission of inquiry investigating the Tongaat Mall disaster, on Wednesday heard that mudbricks were stronger than the concrete used in the construction of the collapsed section.

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