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Public Investment Corporation (PIC) decries building collusion

Public Investment Corporation (PIC), says construction firms recently fined R1.46-billion for colluding to fix tenders for soccer stadiums, roads and other major projects, should claw back bonuses from the crooked executives who fixed the projects. ... Full story

Group Five out on a limb

Government is satisfied that it has broken the back of a longstanding cartel in the construction industry. It is the first time the competition commission has targeted an entire sector, and the settlement amount — R1,46bn — is the largest it has ever administered.

Shree Property breaks ground on a new Distribution Facility at Dube TradePort

Durban-based property development company and family-owned Shree Property Holdings has broken ground on a warehouse and distribution facility at the multi-million rand mega industrial integrated site in KwaZulu-Natal, the Dube TradePort.

Redefine secures tender to develop new head office for Webber Wentzel Attorneys

After an intense tender and selection process by Webber Wentzel Attorneys, which received some 27 submissions by sector heavyweights including Redefine, Growthpoint, Zenprop, Intaprop and others, it has awarded the tender to Redefine Properties.

Basil Read launches R1.85 billion Malibongwe Ridge Development

Basil Read Developments a division of JSE-listed construction group Basil Read, on 11 March 2013 broke ground on a R1,85 billion Malibongwe Ridge mixed-use development, close to Cosmo City in northwest Johannesburg.

Nedbank commits funding and acquires stake in new Makro Alberton development

A ground breaking multimillion rand venture known as the Newmarket Park Development is set to change the Alberton CBD with the belief that it will bring even more development to this growing area.

First Sod Turned for R200-million Seshego Shopping Mall

An official sod turning ceremony for the 15000 square metre shopping centre in Seshego outside Limpopo's capital Polokwane, was held on Wednesday 14th November 2012.

R920 Million redevelopment set to ‘modernise’ Rosebank Mall

Rosebank Mall’s R920 million facelift is expected to provide shoppers a “modern refreshed look and feel” and double its size to 62 000 m² of lettable area.

Investec Property warms-up plans for Multi-Billion Rand Cornubia project development

Cornubia itself encompasses the mixed-use development of 1 200 hectares of land, set to change the skyline between Umhlanga and King Shaka Airport over the next 20 years.

R80M Green Office block for Century City Bridgeways Precinct

A new 3800 square meters “green” office block is to be built in the Bridgeways Precinct at Century City near Virgin Active by Rabie Property Group at a cost of around R80 million.

New 46 000 sqm Data Centre Head Office for Cell C at Waterfall Business Estate

Atterbury has confirmed that it is developing a 46,000sqm head office campus, customer walk in centre, data/IT centre and warehouse for third mobile operator Cell C at Waterfall Business Estate.

Moolman Group develops the first Makro in Free State province

The first Makro in Free State province will open in Bloemfontein in September 2012.

Hyprop plans extension of the Mall of Rosebank

The implosion of the Rosebank Gardens site (formerly Nedbank Gardens) on Sunday, 22 April marked a significant milestone in Hyprop's redevelopment plan for The Mall of Rosebank.

Atterbury Launches Massive Landmark R25 billion Waterfall Business Estate

Atterbury Property Group, today launched its Waterfall Business Estate, a staggering 1,6 million square metre largest mixed-use commercial development - the most ambitious of its kind being undertaken in South Africa.

R35m facelift for Tokai on Main shopping centre

A R35 million upgrade and redevelopment of the Tokai on Main Shopping Centre in Main Road, Tokai which includes a new, state-of-the-art 3500 square metre Food Lovers Market, is nearing completion.

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