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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

Redefine Properties CEO Marc Wainer believes the direction interest rates take could have a dramatic impact on the prices of listed property stocks and ultimately the yields at which properties trade.

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.

Office demand is focused on space within walking distance of Gautrain stations.

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.

Artist's impression of the development in Modderfontein, Johannesburg, proposed by Shanghai Zendai Property

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.

Local authorities with competitive rates, lower utility costs and incentives for property developers and owners will fair substantially better in attracting private sector investment according to SAPOA CEO Neil Gopal.

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.

Catalyst Fund Managers investment manager Paul Duncan says it is difficult to assess the scope for listed property to grow its proportionate size on the JSE.

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.

Artist rendering of Gillwell Taxi Retail Park development in the East London CBD, acquired by Dipula Income Fund for R316 million..

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.

Plans to develop another three-star hotel at the V&A come on the back of a steady recovery in hotel occupancies and room rates in Cape Town.

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 Properties CEO Gerald Leissner said the acquisition furthers the group’s strategy of expanding its residential property portfolio and‚ at a forward yield of approximately 12%‚ is in line with its focus on distribution-enhancing acquisitions‚

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.