Investing
South African REITs to get environmental ratings — MSCI
MSCI Inc. (NYSE: MSCI), an investment research provider, on Thursday announced the availability of ESG ratings coverage for South African Real Estate Investment Trusts (REITs) as part of its global coverage of companies in this sector. ... Full story
Attacq hits milestone following FTSE indices inclusion
Attacq Limited said on Monday that it had been included as a component in the FTSE Global Equity Index Series (GEIS) as of Monday, 22 September 2014.
Co-owners pump R2bn into Menlyn Park Shopping Centre redevelopment
Pretoria’s Menlyn Park Shopping Centre is undergoing a major redevelopment by the co-owners, Pareto Limited and Old Mutual Life Assurance Company, in a R2 billion expansion project that will add a host of top retailers to the existing tenant mix.
Nedbank Capital backs Stats SA's new Head Office Project
Statistics South Africa (Stats SA) has boosted its financial resources for development of the R1,4 billion new head office accommodation project through a R1,15 billion loan from Nedbank Capital.
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.
