Investing
Nedbank injects R19m towards affordable housing in Kaalfontein, Midrand
Nedbank Corporate Property Finance: Affordable Housing, has made R19-million available to the Safrich Group of companies towards a new housing project in Kaalfontein which will see the construction of 337 affordable residential units within easy reach of the new Midrand Gautrain Station. ... Full story
Nedbank finances successful Thornbird development in the city of saints
The unique features of Victorian preserved Grahamstown has seen a peak in demand for residential property with the most recent being the successful development by Thornbird Trade and Invest 55 (Pty) Ltd, Lindisfarne, financed by Nedbank Corporate Property Finance.
Tenants vs. Landlords: Constitutional Court to decide whose Rights are Right
In a case brought to the Constitutional Court, a group of ousted tenants claim that their right to adequate housing was violated by owners Aengus Lifestyle Properties, who made the decision to cancel their leases and raise the rent by up to 150% at the ‘Lowliebenhof’ building in Smit Street, Johannesburg.
Special power of attorney Industrial site for sale
A large industrial property located in City Deep, boasting a total GLA of 6149m² will fall under Auction Alliance’s gavel on February 15 during the next Commercial Multiple Auction.
Industrial tenants get a good deal
The industrial property market favours tenants at the moment and the current market conditions could continue for the next 12 to 18 months.
Joburg Gladstone Hotel fetches R4,4m
One of Johannesburg’s oldest surviving buildings, the old Gladstone Hotel, on the corner of Commissioner and Von Wielligh Streets, was sold for R4,4m by Auction Alliance yesterday.
Vacant office space pressure landlords
The number of To Let signs outside vacant or partially vacant buildings is a reflection of growing desperation on the part of landlords says analyst
Large triple plot industrial building to go on auction
A 3 plot industrial building, located at 32, 36 and 38 Brahman Street in Mokopane, will be brought under Auction Alliance’s gavel on February 15 at the Hyatt Hotel, 191 Oxford Street.
Regus and Shell team up to offer working area at petrol stations
Shell and Regus announce the trial of a joint programme that could see Regus business lounges open at Shell petrol forecourts on motorways.
Mall owners and retailers are still ringing in decent profits despite a tough economy
Latest figures from the SA Property Owners Association show consumer spending in a sample of 76 malls across SA is up about 30% in the four years to September 2011.
Absa sues Nedbank over Pinnacle Point losses
Absa turns to court to recover R773m from Nedbank for losses relating to an exposure to Pinnacle Point, but the latter says it will defend the action.
Sun City resort to invest $800m in Sri Lanka
South Africa’s Sun City resort will invest $800 million in a tourism project in Sri Lanka, the head of the island nation’s state-run Tourism Board said on Friday.
Massive industrial property belonging to British American Tobacco sold
A 5ha industrial plant in Paarl belonging to British American Tobacco was sold last week by Auction Alliance for an undisclosed amount.
Dipula Income Fund concludes tactical retail property acquisition deals
Dipula Income Fund (JSE:DIA/DIB) today announced the R247,8 million acquisition of three strategic retail properties.
Tenanted industrial business park in Boksburg secures R27 million at auction
A tenanted industrial business park in Boksburg, featuring established tenants and solid leases, secured a notable R27 million at last month’s multiple auction event.
