South Africa will not meet its six per cent growth target, as set out in government’s Accelerated and Shared Growth Initiative (Asgisa), by 2010, but two years earlier, Absa senior treasury economist Christopher Hart sai...
Metboard Properties Limited (MPL) announced that its final distribution increased by 10.8% to 24 cents per linked unit, while its annual distribution grew by 9% to 43.8 cents per linked unit for the year ended March.
AS part of a major revamp at their high-tech food factory in Paarden Eiland, St Elmo's has incorporated a new process plant for sauces that is strictly in compliance with the SABS (HACCP) 0330 guidelines.
May 31, 2006: Capitalisation rates - how low can they go?
Various factors have contributed to property being the investment of choice over the last few years. Initially, residential property was the preferred choice, now it has swung to commercial, with large amounts of funds flowi...
Transnet puts prime South African retail, commercial and residential property and tourist attraction the Victoria & Alfred Waterfront on the market. Classic Business Day asks Rob Stefanutto fro...
The R55m Baramall Shopping Mall will help Soweto residents shop on their doorsteps and cut their transport costs said Winnie Madikizela-Mandela at the official opening yesterday.
ApexHi unit holders may have read that Madison Property Fund Managers, the main beneficiary of the ApexHi Manco Trust, ApexHi’s asset manager, has announced its intention to list in the Real Estate Sector of the JSE Limited. <...
Transport utility Transnet is to sell at least 74% of the Victoria & Alfred Waterfront (V&A) in Cape Town. Registration of expressions of interest in Cape Town’s V&A must lodged no later than...
Redefine Income Fund Limited today announced that it has formed a joint venture with black-owned and managed Dijalo Property Services to be called Dipula Property Fund (Pty) Ltd that will make a major contribution to elevating...
THE South African listed property sector, which consists of property unit trusts and property loan stock companies, has increased its market capitalisation dramatically over the p...
WHILE South African developers are concerned about government’s proposal for 20% of new residential property developments to be set aside for low-cost housing, UK developers are making a similar system work.
JOHANNESBURG International Airport is set to undergo a massive reconstruction in the next six years with the building of a new R8bn terminal to accommodate growing passenger numbers and air-traffic movements.
WHATEVER else Aucor’s multi-property auction achieved on Tuesday, it did provide evidence that the commercial property market is being sustained at current levels.
FONTAINEBLEAU Village shopping centre in Randburg is one of the highlights of Auction Alliance’s sale of commercial, industrial and investment properties, to be held at the Hyatt Hotel Rosebank on May 31.
Judging by the number of plans given the stamp of approval by local authorities, there is a veritable boom looming in the construction of low-cost housing. The activity looks set to be concentrated in Gauteng, the North West a...
SOUTH Africans should not get too nervous about property when things go too well, SA Property Owners Association President TC Chetty told the 38th SAPOA convention in Durban yesterday.
The first port of call in determining whether residential property is a good investment is to calculate and compare the cost per square metre, says Erwin Rode of Rode & Associates.
EMPOWERMENT icon Tokyo Sexwale's is best known in Cape property circles for the residential development near the old Silvermine naval base. But now Sexwale – through his Mvelaphanda Holdings – has taken a huge chunk of local p...
The Cape Town Central City's revitalisation success story will again be showcased this year at the annual SA Property Owners' Association (SAPOA) Conference, to be held at the Durban Convention Centre from 17 to 19 May. ...
WITH listed property prices having had such a strong run over the past few years, JSE-listed property companies wanting to broker empowerment deals have to put on their thinking c...
The Western Cape Boland town of Worcester is currently a hive of development activity. So much so that international property group Chas Everitt has opened an office in the region.
The South African leisure market appears to be following the trends that have been seen, first in the US market and more recently in the European market.
Right now it's a tantalizing idea to own the premises you operate from - the listed property sector showed median returns of 50% during 2005, with Redefine ...
IN a coup for the burgeoning South African property market, JHI Real Estate has appointed local businessman Bongani Aug Khumalo as its managing director with immediate effect.
The entire office component in the first phase of the R300m Colosseum, a 17 000 square metre mixed use development being built on a prime gateway site at Century City, has been snapped up by purchasers seven months ahead of ex...
THE listing of SA’s largest property asset manager, Madison, on the JSE main board towards the end of this month is expected to spark further corporate activity in the listed prop...
INDUSTRIAL-focused listed property unit trust Martprop, which is managed by Durban-based Marriott, is confident it will be able to use its new relationship with Old Mutual to boos...
SA's listed property sector, which has been booming for more than three years, pulled back a little last month, posting a slightly negative total return of -0,79%, said Catalyst Fund Managers.
The top performing Old Mutual SA property portfolio is set to remain overweight in the retail sector, says Colin Young, head of asset management at the Old Mutual Property Group.
"Retail was a major contributor to the outstanding portfol...
There is less need for tenant concessions, such as rent-free periods and high tenant installation allowances, given improving commercial property market fundamentals in SA, says Wayne Wright, director: Gauteng broking and inte...
May 10, 2006: Business boom at Century City
The boom at Century City near Cape Town, where the bulk of new commercial development in the Western Cape is taking place, is expected to see its office component nearly doubling to 175,000m² in 18 months.
ApexHi Properties Limited is investing R174-million in upgrading five of its retail centres including Rivonia Square in Johannesburg, Cleary Park in Port Elizabeth, Berea Centre in Durban, Sammy Marks in Pretoria and Kopanong ...
Retail-focused listed property loan stock company SA Retail Properties delivered disappointing results for the year to March, with only a 3% increase in distributions to 71,2c a linked unit.
Industrial property is expected to produce the best returns of the three commercial property categories over the next two years. Offices will outstrip industrial after that, reckons John Loos, FNB’s property economist.<...
On the back of a strong run over the last three years, South Africa's listed property sector is expected to produce a total return of 16% over the next year -- made up of 10% growth in distributions and 6% growth in capital. T...
As predicted, Century City is making its positive influence felt on the surrounding Milnerton and Montague Gardens, and formerly undeveloped areas are now prime investments that are growing scarcer, says Jonty de la Porte, hea...
LISTED property unit trusts, which are individually listed funds consisting of a portfolio of commercial properties, outperformed the direct or fixed-property market last year, de...
PROPERTY development group Spearhead will open a shopping mall in Cape Town that will offer retailers an opportunity to sell excess stock in a branded environment.
