Investing
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. ... Full story
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.
Sandton Property Investment shows no sign of slowing down
It is hard to believe that in the 1960s the greater Sandton area consisted of mostly semi-rural areas and was associated with horses and country estates.
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.
Tsogo Sun dishes out R200m interest-free loan to executives
An unsecured loan of R200 million has been awarded to five executive directors of Tsogo Sun on an "interest-free basis", with no fixed repayment date.
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.
Property Management — A matter of Give and Take
Pareto Limited on Monday said it had taken property management in-house and consolidated trading activities under one specialised business unit, while Investec Property Fund Limited come out in support to outsource its management.
Hospitality Sector on the rise despite cooling economy — PwC
Despite the cooling off in South Africa’s economy, the hospitality sector is poised for further growth in the next five years in the wake of a number of inbound travellers into the African continent, according to a report issued by PwC today.
