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Sir Richard Branson with 11-year-old Cleo Philander.

British tycoon to invest a billion in SA

British tycoon Sir Richard Branson says he plans to invest around R1 billion within a year in building new Virgin Active clubs and upgrading existing ones in SA. ... Full story

Standard Bank's Global Head of Telecoms and Media, Nina Triantis says the bank is delighted to have arranged a finance package for HTT, the leading independent tower company in Tanzania.

Standard Bank secures Helios financing

Standard Bank Group has announced the successful completion of a senior secured syndicated financing worth $85 million for Helios Towers Tanzania Ltd.

With hotels experiencing a tough period, the JSE-listed fund said the expected lower distributions were "primarily" as a result of the subdued economy reflected in low levels of demand and intense competition.

Hospitality warns of earnings drop

Hotel-focused property loan stock company Hospitality Property Fund, reeling because of an embattled hotel market, warned yesterday that distributable earnings per combined A and B unit for the six months to end-December were expected to be at least 28% lower than the corresponding period last year.

Mall of the North in Polokwane scoops the prestigious Spectrum Retail Design Development Award (RDDA)..

SA's best shopping mall revealed at the Spectrum Awards

Mall of the North in Polokwane, Canal Walk Shopping Centre in Cape Town, Cape Union Mart Adventure Centre at Canal Walk and Supercare Cleaning Services at Paarl Mall have all claimed top honours at the annual South African shopping centre industry awards.

Left to Right: Ian Barnes (Growthpoint); Marius Els (JT Ross); Leon van Rooyen (Growthpoint); Stephen Smith (BPL); Roger McMillan (JT Ross); Pravin Singh (BPL); Nicholas Winfield (BPL); David Leisegang (BPL); and Marcus Ellappan (BPL).

Industrial leasing contract secured for BPL, Durban Port redevelopment

Ranking as one of Durban’s largest leasing deals of its kind in the Durban port area, Growthpoint Properties Limited has concluded a transaction with Bidvest Panalpina Logistics (BPL) for 20,767sqm of prime light-industrial space in Rossborough, near the Durban Port in KwaZulu-Natal, in a deal valued at over R52 million.

Liberty Properties CEO Samuel Ogbu says the rejuvenation and expansion of the precinct are part of the broader strategy within Liberty’s leading position in Africa’s property sector.

Sandton City expansion core to Liberty’s growth ambitions

Liberty Properties, a wholly owned subsidiary of wealth management group Liberty Holdings, has launched the refurbished Sandton City complex following an investment of R1.77-billion.

Artist impression of the new head office for UTi Pharma.

R600 million for UTi Pharma’s new distribution centre and warehouse

Intaprop is developing the R600 million head office for leading direct pharmaceutical distributor UTi Pharma at the fast-growing Meadowview Business Estate in Linbro Park, Johannesburg.

Large industrial facility in Roodepoort is perfectly suited to owner occupiers

A large industrial property in the established industrial node of Manufacta, Roodepoort, comprising both workshop and office space, will be offered during next month’s multiple auction event on December 8.

Western Cape Premier Helen Zille keynote speaker at Liberty Promenade press launch.

Liberty Promenade Shopping Centre re-launches following two year R500-million upgrade

Liberty Promenade Shopping Centre in Mitchells Plain was re-launched today by Western Cape Premier Helen Zille following a R500-million expansion project that turned the world class Mitchells Plain complex into the second largest shopping centre in the province.