Mar 30, 2006: Retail property for Zimbali Lodge parent?
IFA Hotels and Resorts, the listed company that owns Zimbali Lodge in KwaZulu-Natal, says it may move beyond hotels and look at retail property opportunities.
In the commentary to its num...
The South African golf industry on Tuesday announced the formation of a representative body that will address different aspects that arose during the country's first golf summit at Fancourt in George this week.
Double-digit rental growth in the non-residential market over the next few years, is one of the predictions made in the latest Rode's Report, which contains surveys and an analysis of property-market data from the fourth quart...
The comment period on the draft AgriBEE charter and indicative scorecards has now been extended to April 28 following a request from stakeholders, the National Department of Agriculture said on Tuesday.
The AgriBEE stee...
Mar 29, 2006: Hospitality eyes fourfold growth
HOSPITALITY Property Fund, the newly listed hotel-focused property company, plans to bulk up its portfolio significantly over the next few years.
Gerald Nelson, MD of Grapnel Property Group, which will be managing the fund wit...
Listed gaming and leisure group Sun International has submitted a written notice to the board of listed empowerment vehicle Real Africa Holdings, expressing its interest in buying the entire issued share capital of Real Africa...
With office vacancies decreasing and yields doing well, the sector is set to become ‘hot property’, reckons François Viruly, independent property economist.
Viruly adds the highest capital growth will be in the office s...
The urban renewal of Claremont, the central hub of Cape Town's southern suburbs, has received a lucrative boost from the largest direct inward investment in a foreign owned call centre in South Africa to date.
Competition Tribunal has approved unconditionally the acquisition by Old Mutual Properties, a division of listed financial services giant Old Mutual plc (OML), of the property businesses of Marriott, paving the way for the creation of South Africa's la...
Leading estate agents and developers affected by the recent temporary ban on development in areas within a 16 km radius of the Koeberg Nuclear Power Station have said that they are confident that the Cape Town City's Risk Mana...
The land dispute between Airports Company SA (Acsa) and the KwaZulu-Natal provincial government has been resolved, paving the way for construction of a new R2bn airport for Durban.
The current strong demand for property should help property companies to implement the five-year property sector charter transformation targets.
First National Bank property strategist Joh...
Mar 22, 2006: Century City to double office space
THE commercial property boom at Cape Town’s mixed-use precinct Century City will see the node’s office component nearly double in size to 175000m² within 18 months.
A leading property management company is looking for a chief operating officer (COO) and is restructuring its staff base as a result of the business’ rapid growth.
The cracking pace of South African property development – both residential and commercial – has waned in recent months, with the number of units completed in most categories for January declining.
This is according to ...
Mar 20, 2006: Property charter has 5-year goal
THE black economic empowerment charter for the commercial property sector, signed on Friday by government and property industry representatives, ties signatories to reaching the charter’s targets within five years. <...
Mar 20, 2006: Leasehold a secure option for land
IF THERE is to be government regulation of foreign land ownership in SA, an option would be to look at 99-year leaseholds, says Cape Town-based international remortgaging firm Bond Busters.
The R100m Colosseum Luxury Suites hotel, part of the R300m Colosseum mixed-use development under construction on a prime gateway site at Century City, has attracted the interest of an unexpected large number of South African i...
Well-known industry figure Anthony Diepenbroek plans to focus on putting together listed empowerment property funds.
Diepenbroek, who resigned from industrial-focused listed property loan ...
Mar 13, 2006: PIC moves into property development
Johannesburg - The Public Investment Corporation, South Africa's largest money manager, and FutureGrowth Asset Management said they created a R1 billion fund to invest in property developments.
