Standard Bank

Ranks of super-rich Africans on the rise

A report released yesterday by Knight Frank supported by Standard Bank Wealth and Investment, points out that the number of ultra high net worth (UHNW) individuals in the African continent is expected to increase by 59% over the next 10 years. ... Full story

Private sector hungry for student housing boom

Student housing has become a very attractive vocation for the private sector given the severe shortage of it in South Africa. ... Full story

Significant upswing in Owner-Occupied Commercial Property deals

Many companies have proven that owning commercial real estate used by their closely held businesses can provide them the advantages of stable rents for their businesses and appreciation for themselves. ... Full story

Arrowhead acquires Residential Portfolio from Standard Bank

Arrowhead Properties has acquired a property letting enterprise and its related immovable properties situated at 55‚ 57 and 59 Glover Road‚ Honeypark Extension 20 in Honeydew on the West Rand‚ from Standard Bank for an aggregate purchase consideration of R150m. ... Full story

SA Banks struggling to deal with distressed Property Owners

According to South Africa National Credit Regulator’s latest Consumer Credit Market report, about 75,000 property owners were in arrears on mortgage repayments (for more than three months) in June. ... Full story

Standard Bank house price index up 6.9% in September

Standard Bank house price index records a modest moderation in September‚ rising by 6.9% from a revised 7.6% in August. ... Full story

Retail developers encouraged by Africa’s project yields

Increasingly, retail developers are eyeing Africa's rapidly growing consumer markets as the scope for investment is steadily cumulative and demand for more formal retail options from shoppers is following suit. ... Full story

Standard Bank’s Rosebank development earns 5 Green Stars

The R2.7 billion Standard Bank’s Rosebank new office development has achieved a 5 Green Star rating certification from the Green Building Council of South Africa (GBCSA). ... Full story

Auction Alliance caution still lingers

The total value of auction property sales concluded under the hammer is down 75% in the past 18 months. ... Full story

Orange Farm Community gets stake in new R400m regional shopping mall

The remarkable development of Eyethu Orange Farm Mall will result in the entire Orange Farm community holding a 10% stake in this 27,000sqm regional shopping mall, which is helping to transform the area into a flourishing central business district, and creating a valuable multi-faceted community asset. ... Full story

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