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Aucor Property to auction properties worth R400m

Properties worth R400 million will come under the Aucor Property hammer in Johannesburg on the 14th of October at 12h00 at the Maslow Hotel, which is set to be one of the largest multiple auctions ever hosted by the company. ... Full story

Green building is an economic necessity says Nedbank Executive

While questions have arisen about the potential crushing effects of the recent economic situation on the trend toward green building and retrofitting, Nedbank Corporate Property Finance regional executive, Ken Reynolds has concluded that the value of green building remains strong.

Growthpoint clinches large industrial land deal in Samrand

Growthpoint Properties says it has concluded agreements to acquire a fully-serviced 43 hectare site in Samrand, equal in size to 86 rugby fields, from the Cavaleros Group, which has an ultimate development potential of R2bn

Cradlestone Mall earns top Retail Centre Development Award

Johannesburg’s Cradlestone Mall was named the best overall retail development, scooping the coveted 2014 Spectrum Award in the South African Council of Shopping Centre’s (SACSC) annual Retail Development & Design Awards (RDDA).

Dipula absorbs six shopping centres for R425m

Dipula Income Fund has acquired 6 shopping centres from Redefine Properties for a consideration of R425-million, 25% of which will be settled in cash and the balance in Dipula A and B linked units.

R1,4bn to pour into Ballito regional shopping centre

A R1,4 billion regional shopping centre development is being planned for KwaZulu-Natal's North Coast town of Ballito with the developers acquiring Ballito Junction Shopping Centre together with the adjacent undeveloped land and development rights.

Residential property gaining popularity among SA REITs

Freedom Property Fund, which became the fourth property company to list on the JSE this year, last week said it had launched two major residential property developments aimed to boost the groups portfolio.

BRIEF-Dipula disposes some of its non-core properties

Dipula Income Fund on Tuesday said it had concluded agreements to sell 13 properties for a total purchase consideration of R51.8 million, which will be used to reduce debt.

Nedbank’s view on proposed bill to block land sales to foreigners

The Government's plan to fast-track a bill barring foreigners from buying land in South Africa, raised commercial property investors and financiers eyebrows — as they are taking it on the chin at the half way mark.

Discovery raises eyebrows with R2.5bn sustainable global Head Office

SA’s private medical aid scheme and life assurance group, Discovery is progressing on its new environmentally-sustainable global headquarters office development in Sandton at a cost more than R2.5 billion.

City of Cape Town to buy solar power from an Office park

The Black River Park, an office park in Cape Town with tenants including Sunglass Hut, Gijima and Brandhouse, has completed an expansion of its solar photovoltaic (PV) power generation facilities and will be selling its surplus power to the City of Cape Town.

Dube Tradeport grows apace with R80m funding deal

Durban’s Dube Tradeport, a 2 840 hectare commercial development close proximity to King Shaka International Airport, grows apace with the funding of a new R80 million industrial warehouse development backed by Nedbank Corporate Property Finance.

Repo rate hike unlikely to impact on listed property

Yesterday’s repo rate increase by the Reserve Bank is unlikely to have any impact on South Africa’s listed property sector, Grindrod Asset Management chief investment officer Ian Anderson said.

Hopes for Office Sector revival as vacancies hit nine-year high

The corner for South Africa's office market still seems some way away from turning into positive territory, with vacancies in major centres continuing to run at fairly high levels.

Reit adoption set to boost investment at home and abroad

South African listed property is gaining popularity at home and abroad, thanks to its adoption of internationally recognised Real Estate Investment Trust (Reit) structure for financial regulation and tax dispensation.

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