Cape Town Property Market

R7 billion earmarked for Cape Town International Airport upgrades

Cape Town International Airport is in for R7 billion infrastructure upgrades planned over the next five years.

Amdec-Marriott JV brings AC Hotels brand in the Mother City

The joint venture between Melrose Arch owners, the Amdec Group and NASDAQ-listed Marriott International, brings the first AC Hotels brand to Africa.

Cape Town hotel market ‘still extremely favourable’

While a gloomy outlook has been painted for the economy by many, the hotel market in Cape Town seem to indicate all is still relatively well.

Cape Town calls for forensic probe into sale of prime land

Cape Town - Mayor Patricia De Lille has ordered a forensic investigation into an allegedly botched auction of a prime piece of land in the city, leading to a potential loss of millions in revenue.

R1 billion Cape Town development gets go ahead despite objections

A new R1 billion mixed-use development in Cape Town CBD has been given the go-ahead despite facing objections.

Cape Town's formula for success

Cape Town continues to buck the trend and its International Airport is expected to reach a milestone in the next few weeks - 10 million passengers in a year for the first time.

Government, key partner to SA’s thriving Property Sector

Commercial property industry representative body, the SA Property Owners Association (Sapoa) met with Cape Town Mayor, Patricia de Lille to strengthen partnership and improve relations, the owners said on Friday last week.

Trends in Cape Town and Johannesburg property market

The office sector has been out of favour for the past few years, but there are some positive signals in retail while industrial property sector shifts to clean properties focussed on light manufacturing as heavy manufacturing struggles.

Marriott International gains foothold in South Africa with new hotel brands

NASDAQ-listed Marriott International today announced plans to built three hotels in Cape Town and two already in construction in Johannesburg — in partnership with Amdec Group.

Aucor rakes in R86.5m for vacant Foreshore property on Auction

Aucor has announced that following the stand alone auction of the last open piece of land owned by the City of Cape Town in Lower Long Street on the Foreshore, the property has been sold subject to approval by the City of Cape Town.

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