Investing
Cape Town Industrial Property Market remains Tenant driven
There has been very little change in the industrial property market in the greater Cape Town area in the past 12 months according to annual survey conducted by Cape based, Baker Street Properties. ... Full story
Tsogo Sun injects R220m redevelopment of two landmark Durban hotels
JSE- Listed Hotel group Tsogo Sun announced huge renovation plans to merge and upgrade two landmark hotels in Durban, add more rooms and meeting space through a R220 million refurbishment.
JSE reveals new Listing Requirements for SA REIT’s
Bringing it in line with international standards, on 28 March 2013 the Johannesburg Stock Exchange (JSE) published new Listing Requirements that will facilitate the South African Real Estate Investment Trust structure.
New R220-million Elim Mall opens in Limpopo
Elim Mall became the latest shopping mall to open in Limpopo province, on March 28 2013, bringing Elim consumers a new generation premium-grade retail experience.
Dipula Income Fund back on acquisition trail
The future looks less cloudy, despite the global economic uncertainty, JSE-listed property loan stock company Dipula Income Fund is stepping up expansion plans to acquire six more properties worth R559 million.
MB Technologies JV's with Nedbank to acquire warehouse and distribution facility
A black-owned IT distribution group, MB Technologies (MBT), is to acquire a turn-key development for its operating companies through custom finance supplied by Nedbank Corporate Property Finance.
Growthpoint Properties expands Industrial portfolio
Growthpoint Properties Limited, today reported that it had added several industrial properties to its portfolio which are mainly under development and redevelopment valued at R150 million in Gauteng alone.
R80m Newgate building breathes new life into Joburg CBD
Johannesburg’s inner city continues to show signs of rejuvenation, as Standard Bank JV's with Afhco to launch the Newgate building, an affordable residential precinct anchored by a 7500m² Retail Centre located on the lower levels.
Office market demand remains relatively healthy in Umhlanga KZN
Office take-up for good quality space in Umhlanga north of Durban remains in demand, however, budget-conscious, good quality space in standalone buildings and with sea views is hard to find.
Vukile’s R1.4 billion acquisition boosts BEE Structure
As part of their growth and broader Black Economic Empowerment strategies, JSE-Listed Vukile Property Fund enters a R1.4 billion agreement with Encha Properties (Encha).
FNB Finances Affordable Housing development in Boksburg
The launch of Windmill Park Project in Boksburg by FNB Commercial Property Finance (CPF) alongside partners Kiron Projects addresses the dire shortage of housing in South Africa.
Abland earns 4-Star Green rating on R1.7bn Alice Lane mixed-use development
Sandton’s select address, Alice Lane is now home to a 4 Star Green Star SA rated office, as developer Abland receives certification from the Green Building Council of South Africa (GBCSA) for the design of their prestigious Sandton project.
More Shopping Centres to be built Despite Weak Economy
Despite challenging economic conditions more shopping centres are expected to be built this year as retailers roll out new stores to increase their market share and commercial banks experience strong growth in loan demand from existing and new property clients.
Liberty Promenade expansion strategy pays off
The R500 million upgrades and redevelopment of Liberty Promenade has helped the retail centre to achieve 11.63% in turnover growth, entrenching its status as the preferred shopping destination of the Mitchells Plain and Khayelitsha communities.
Nedbank funds R1.36 billion for new Centurion Shopping Centre
Nedbank Corporate Property Finance has provided R1.36 billion funding for the 73,588 m² development of Forest Hill Shopping Centre in Monavoni, Centurion on behalf of Billion Property Developments.
