Company News
Broll Namibia sweeps the board at annual O&L 12 Seasons Awards
Broll Namibia has swept the boards in the annual Ohlthaver & List Group of Companies’ 12 Seasons Awards held in Windhoek. ... Full story
Redefine Properties to sponsor MTN Lions
Redefine Properties, a leading listed property loan stock company, is proud to announce it has concluded a three year sponsorship with reigning Absa Currie Cup champions, the MTN Golden Lions. ... Full story
Sasfin, Primegro form new listed property group
SA property brand Primegro is to be reborn and listed as a property loan stock company on the JSE in the second quarter of this year. ... Full story
Vunani approves acquisition from Redefine
Vunani Property Investment Fund Limited (VPF) on Wednesday approved the acquisition of the Foretrust Building in Cape Town as a going concern from Redefine Properties Limited for an amount of R249.5 million. ... Full story
PPC cautious on cement demand outlook
Pretoria Portland Cement says it remains cautiously optimistic regarding the outlook for cement demand in South Africa and Zimbabwe. ... Full story
JLL posts record revenue growth for 2011
Commercial real estate global services firm Jones Lang LaSalle (JLL) reported record revenue for 2011, propelled by 45 percent year-over-year growth in capital markets and hotels activity, 28 percent growth in project and development services and 17 percent growth in both leasing transactions and advisory services ... Full story
Colliers management buys unprofitable units
Colliers SA Holdings has sold its loss-making noncore subsidiaries to its executives for R1,25m as it focuses on being a commercial property-focused company. ... Full story
Emira Property Fund disposes properties worth R260m
Emira property Fund (EMI) has raised in excess of R260m since the commencement of its 2012 financial year on July 1, 2011 through the sale of eleven, non-core, properties in its portfolio. ... Full story
Capital & Counties Properties steaming ahead
Any lingering doubts about the merits of unbundling Liberty International has probably been dispelled by London-focused Capital & Counties Properties’ spectacular 50% share price rally over the past year. ... Full story
PIC to restructure debt at AfriSam
The Public Investment Corporation (PIC), the government pension fund manager, now holds about 99% of the equity in SA’s second-largest cement maker, AfriSam, with the PIC having exercised its right to turn R4,7bn of debt into equity, while retaining the black economic empowerment status of the company. ... Full story
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Village View gets R20 million Facelift
The stylish Village View shopping centre in Bedfordview is undergoing a R20 million makeover by owners The Cavaleros Group. ... Full story