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Industrial space close to OR Tambo International Airport selling well

Industrial space close to OR Tambo International Airport notably in Johannesburg’s prime eastern nodes of Isando and Spartan has improved significantly over the past decade, with a large take up of existing properties across all areas. ... Full story

SA’s Listed Property 2014 Outlook Guardedly Positive

Redefine Properties CEO Marc Wainer remains positive about the prospects for South Africa’s listed property in 2014, who predicts interest rates will be one of the most important underlying forces for the sector.

Gautrain and traffic congestion a fillip for Joburg’s Northern office nodes

Gautrain rapid rail network is drawing interest in commercial property investment as well as new developments around the station precincts, notably in Johannesburg’s prime northern nodes of Bryanston, Rosebank, Sandton and Midrand.

Shanghai Zendai, AECI Modderfontein property deal gets green light

The R1 billion Modderfontein land sale deal struck between Chinese Real Estate developer Shanghai Zendai Property and chemicals company AECI (AFE) has been granted approval by the Competition Commission.

SAPOA warns of Office Market under strain

The South African Property Owners Association (SAPOA) sees 2014 outlook for Commercial Property sector with more development and diversification, although office market performance remains under pressure.

Listed property sector set to undergo consolidation

South Africa’s listed property sector is set to undergo consolidation in 2014. The sector saw various listings in 2013 and, historically, listings booms are followed by consolidation.

Dipula adds R316m Gillwell Taxi Retail Park to portfolio

Dipula Income Fund (DIA) said on Wednesday that it had agreed to acquire the Gillwell Taxi Retail Park development in the East London CBD, for R316 million.

Hotel Performance in the Cape prompts V&A expansion

Growthpoint Properties and the Public Investment Corp (PIC), the co-owners of the V&A Waterfront in Cape Town, are in discussions with a number of international hotel operators to run what will be the first new hotel to be built at the precinct since Sol Kerzner’s One&Only opened its doors in April 2009.

Arrowhead acquires Sasol building in Rosebank for R250m

Arrowhead Properties (AWA) said on Friday it had an agreement with Sasol Pension Fund to acquire the Sasol building in Rosebank‚ Johannesburg‚ for R250 million.

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.

Vunani to acquire R102.5m prime office property in Parktown

Vunani Property Investment Fund (VPF) today said that it has entered into an agreement to acquire the rental enterprise Wellington Road‚ located at 30-32 Wellington Road‚ Parktown‚ Johannesburg‚ for R102.5m cash.

RMB secures R1.8bn funding deal towards property development in Lagos

Rand Merchant Bank (RMB), together with another funder have commited R1.8 billion (approx. $182-million) loan facility to finance a commercial office development, the Wings Oando in Lagos, Nigeria.

R150m acquisition to beef up Nedbank’s portfolio in Pivotal Property Fund

Nedbank Corporate Property Finance said on Wednesday that it had extended its asset base into property investment development fund, Pivotal Property Fund with a R150 million investment.

Redefine Properties launches R1.3 billion linked units offering

Redefine Properties (RDF) on Tuesday said it had increased its R1 billion equity raise, through an accelerated bookbuild, to R1.3 billion following strong demand resulting in an oversubscription of 1.5 times.

Short-term risks dampen listed property sector

There was very little in the way of positive news for investors in South Africa’s listed property sector for the week ended 9 November 2013 and the US jobs report of last Friday has placed the sector firmly on the back foot.

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