GROWTHPOINT Properties, South Africa’s largest listed property, has its sights set on Metboard which, if the deal is successful, would result in Growthpoint having a market cap of R11,8bn and assets worth R13,8bn.
RETAIL property company Siyathenga Property Fund said on Friday the R520m property portfolio it recently acquired should be transferred by the end of next month.
Randburg, the node identified as vital to Johannesburg’s 2030 Vision, is presently undergoing a transformation. Although much of the R17-million spent by the Johannesburg Development Agency (JDA) on upgrading Randburg is...
Cost cutting, as well as operational issues, are fuelling the continuing movement to outsource non-core functions, including human resources, purchasing, facility management, property transaction services and lease administrat...
LISTED property company iFour Properties yesterday announced a 6% growth in distributions to unitholders. Its payout rose from 39c to 41,5c per linked unit for the six months to end-December.
Feb 23, 2006: Contrasting fortunes and perceptions
Since listing on the JSE on the same day last week, Acc-Ross Property Holdings and Hospitality Property Fund have been on divergent paths. While Hospitality, which listed on the JSE's main board, has experienced a strong run in i...
Spearhead Property Holdings' half year results, published today on SENS (Tuesday 21st February) confirm their position amongst the top performing listed real estate companies on the JSE Securities Exchange for the calendar yea...
South African property loan stock company Vukile (VKE) is to acquire the Oakhurst office building in Parktown, Johannesburg, from Sanlam Life Insurance for R34.4 million.
COMMERCIAL property will turn the tables, and begin to outperform residential property growth in terms of building activity, argues John Loos, FNB’s property economist.
Loos says the property sector will be more of a co...
Gensec reports a boom in the A grade Office sector in the Johannesburg CBD, Gauteng. "In the last six months alone we have concluded more than R30 million capital value in Johannesburg CBD," confirms Kura Chihota, National Lea...
LOW vacancies, driven by increased demand for space, low funding costs and firming rentals, combined to produce a total return of 6,47% in the listed property sector in January, according to Catalyst Fund Managers’ monthly rep...
Norbert Sasse entered the property market as a novice when he joined the Growthpoint board four years ago and has since developed the company into SA’s largest listed property company with a market cap of beyond R8bn.
...
Feb 15, 2006: Metboard client base expands
METBOARD Properties, the industrial-focused listed property loan stock company, says it has undertaken two client-driven developments totalling R16m for tenants Scania SA and Grundfos.
Century City is continuing to buck the general slowdown in the residential property market with the letting market booming and more than R52m in sales having being notched up over the past two months.
The bull run on the JSE Securities Exchange over the last year – and particularly the last three months – is, surprisingly, likely to lead to renewed interest in certain property as an asset class, says Ilan Kaplan, Spearhead ...
Document solutions company Itec, which has been a tenant at Century City for the past seven years, has now built its own R12m head office in the precinct.
In what must be the biggest property transaction in South Africa, Pretoria based ATTFUND Limited, has acquired the CapeGate retail precinct for R1.3 billion. The transaction is still subject to Competition Commission approval....
Grapnel Property Group and Horwath Tourism and Leisure Consulting, today announced the results of the Hospitality Property Fund Limited (Hospitality) private placement.
South Africa's flourishing economy, increasing wealth and the accompanying increase in motor vehicle sales is placing quite a bit of pressure on the limited parking facilities available at commercial, retail and industrial dev...
CBS Property Portfolio reports that its distributions increased 16,2% for the year to October
CBS Property Portfolio, which listed on the JSE main board on November 2 last year, reported this week that its distribution...
Feb 02, 2006: Economic growth rate slows in fourth quarter
ECONOMIC growth braked sharply in the fourth quarter, held back by contraction in the mining and manufacturing sectors, but analysts still expect interest rates to remain steady this year.
