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Shanghai Zendai unveils R84bn landmark development plans for Modderfontein

Hong Kong listed Shanghai Zendai on Wednesday revealed ambitious plans to create a new city centre, with the recently acquired 1600ha of land in Modderfontein north-eastern Johannesburg. ... Full story

Haste led to Tongaat Mall collapse

A worker on the construction of the Tongaat Mall, which collapsed on November 19 killing two people and injuring 29, said that haste led to the tragedy at the site near Durban.

Partnership plans major Retail Property Developments in Eastern Cape

Nedbank Corporate Property Finance has collaborated with Billion Group on delivering economic development opportunities in the Eastern Cape, which involves construction of BT Ngebs Mall in Mthatha.

Discovery Limited finds a new home in Sandton

Discovery Limited, Growthpoint Properties and Zenprop, today launched a four-year property development that will see Discovery's more than 5 000 employees move into a new head office in Sandton.

Historic mixed-use Waterfall City development takes off

Atterbury Property Development and Attacq today launched the mixed-use Waterfall City to market, marking the next wave of its ambitious commercial development at the landmark Waterfall Business Estate.

Unqualified construction workers blamed for Tongaat Mall collapse

The dangers posed by incompetent and unqualified personnel who handled Tongaat Mall construction in Durban were highlighted on Wednesday during the proceedings of the Commissions Inquiry.

Prime land in Durban's Umhlanga Ridge ready for Commercial Development

JSE-listed sugar and property giant, Tongaat Hulett on Wednesday said that it will release 42 of the remaining 62 hectares of Ridgeside, its iconic development on Umhlanga Ridge, to the market as a single transaction in the first quarter of 2014.

Murray & Roberts to fix Gautrain water leaks despite uncertainty on cost

The costs of repairing water ingress at Gautrain tunnel will be split between the partners in the Bombela Civil Joint Venture in which the lead contractor Murray & Roberts (M&R) has a largest shareholding.

Tongaat Mall tragedy reveals shoddy Construction practices

In the case of the unfinished Tongaat Mall disaster, the South African building industry must weed out dodgy contractors and take strict action against shoddy property development practices.

Modderfontein the future 'New York' of Africa

Modderfontein - It is in this suburb of Johannesburg that the Chinese Shanghai Zendai Property decided to invest.

Opportunities for property developers who know where to look

Nedbank Corporate Property Finance’s solid financial results for the first half of this year underpin MD Frank Berkeley’s confidence that there will continue to be opportunities for those developers and financiers that know where to look for them.

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.

SA Property Sector speaks out on collusive tendering in Construction Industry

The South African Property Owners Association (SAPOA) has condemned the collusive practices of local construction companies between 2006 and 2011.

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.

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