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Aucor Property basks in strategic big sales

The Aucor Property group is basking in strategic sales following big sales involving the Douglasdale Village Shopping Centre in Johannesburg and the Siyabuswa Shopping Centre in Mpumalanga that fetched R87,775 and R34.5-millions, respectively in the first quarter of 2014. ... Full story

Eskom pension sets aside R100m for Low cost housing development in SA

IN a move likely to boost the development of housing in South Africa, Eskom Pension and Provident Fund has pledged R100-million towards the development of 20 000 new low cost houses in the country.

Nedbank and New Age Property Developers eye Mitchell's Plain upliftment

Nedbank Affordable Housing Development Finance has committed R180-million for the construction of the next phase of the Watergate Estate in Mitchell's Plain in the Western Cape.

Delta set to acquire two office buildings in a R488m deal

JSE-listed black-controlled Delta Property Fund will spend nearly half a billion rand for two office buildings in Durban: the Old Mutual Centre and The Marine from Old Mutual Life Assurance Company.

Listed Property Market looks Offshore

Given the poor performance of local listed property stocks last year, South African investors have been offered opportunities to look for offshore investments.

New retail centre opens at Waterfall Business Estate

Waterfall Corner, a prime neighbourhood convenience centre in the landmark Waterfall Business Estate, Johannesburg, officially launched last week on Thursday, 10 April 2014.

Buyers seek income from Property

Auction Inc launched its auction year yesterday with a lively and well-attended sale that attracted serious buyers of income-earning properties.

John Ross Eco Junction grows apace with first new development

John Ross Eco Junction, a commercial industrial development grows apace with first new facility for Tangawizi Motors to accommodate four motor dealership brands namely Hyundai, Daihatsu, Renault and Honda.

S.Africa Government conned by Private Office Rentals

The department of public works spends over R3bn/year leasing office space in privately owned buildings on behalf of national government departments.

Cape Town Industrial Property Vacancies continue to reduce

The amount of vacant industrial premises to rent in Cape Town has steadily been reducing for the last 24 months, according to Tony Bales of Epping Property.

Investment opportunity knocks for listed property sector

The fall in property stock prices since the US first raised the possibility of cutting down on its quantitative easing programme in the middle of last year has created a buying opportunity for investors.

Liberty Group grabs 25% stake in Melrose Arch precinct

Financial service group Liberty Holdings on Monday said it had entered into an agreement with Melrose Arch Investment Holdings (MAIH) to acquire an undivided 25% share in Melrose Arch Precinct, north of Johannesburg.

Budget Speech attack on property industry totally baseless

Claims made by Finance Minister Pravin Gordhan during his budget speech last Wednesday about the commercial property sector not honest in leasing deals made to government are unjustified, says SAPOA.

Consolidation may spur listed property sector growth

South Africa’s listed property is expected to undergo consolidation in 2014, helping boosting the property sector’s share prices.

Attacq wins favour with Investors

Investor confidence in Attacq (ATT) remained strong on Wednesday‚ with the recently listed capital growth fund raising R512m in an oversubscribed share placement.

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