Investing
R380m earmarked for Liberty Midlands Mall upgrade
Liberty Midlands Mall in Pietermaritzburg is in for a R380 million commercial transformation, and its owners, The Liberty Group hope to see the development of a new lifestyle centre, including retail and office components, adjacent to the existing mall. ... Full story
Taking the offshore property route
South African property investors can now pick up bargain buys offshore, as the number of offshore property counters on the JSE reaches eight.
Infrastructure Development Bill Introduced
A proposed law meant to fast-track the implementation of the government's infrastructure development plan was introduced in the National Assembly by Economic Development Minister Ebrahim Patel on Wednesday.
Listed Property Index slips as investors take profits
South Africa’s listed property sector ended in the red as it slipped 0.3 percent during the week ended 25 October 2013, according to Ian Anderson, chief investment officer at Grindrod Asset Management.
European Investment Bank injects R2bn towards SA affordable housing development
The European Investment Bank (EIB), Europe’s long-term lending institution, has agreed to provide a further R2 billion (EUR €150 million) for investment in affordable and social housing in South Africa.
Vunani acquires R174m Office Park in Bryanston
JSE-Listed Vunani Property Investment Fund (VPIF) on Thursday announced that it had acquired Bryanston Gate Office Park for R174 million.
Listed property regains growth momentum towards end August
South Africa's listed property sector recorded more than 13% since it bottomed towards the end of August and more than 1.4% in six of the past eight weeks.
Liberty to dispose Greenacres Shopping Centre for R1 billion
Liberty Holdings on Monday announced that it has exchanged contracts on the sale of Greenacres shopping centre in Port Elizabeth to Acucap and Sycom for more than R1 billion.
Rustenburg’s Waterfall Mall gets Rooftop Solar Panel Plant
Growthpoint Properties today announced it has signed agreements with Solar Century Africa and Eskom to install a utility scale solar power plant on the rooftop of its Waterfall Mall in Rustenburg.
Growth seekers advised to take long-term view on Property Stocks
High volatility in SA's listed property sector over the past year has largely been blamed on rising bond yields, which conventional wisdom says is bad for property returns.
Mangalis Management Group to inject R4.3bn in Africa hotel developments
Mangalis Management Group recently said it plans to invest R4.3bn towards hotel developments in Africa.
JSE’s Offshore gains spark than local property stocks
According to statistics collated by Catalyst Fund Managers, the JSE’s offshore property players are now more attractive than local counters given the potential for further rand weakness.
US Govt shutdown impacts Listed Property Sector
South Africa’s listed property sector declined by just under 1% during the week ended 4 October 2013 after US politicians failed to reach agreement on a budget for the remainder of the fiscal year, leading to a partial shutdown of the US government.
SA Retail Council unveils 2013 Pioneer and Lifetime Achievement Award winners
The South African Council of Shopping Centres (SACSC) recently announced its 2013 Pioneer and Lifetime Achievement Awards 2013, which recognise exceptional contribution to the retail real estate sector for the nation.
KwaZulu-Natal's R140m Jozini Mall set to open on 24 October
Jozini Mall, the new 18,220sqm community shopping centre in North-Eastern KwaZulu-Natal, is now fully let and will open on Thursday, 24th October 2013.
