The South African property industry needed to "respond positively" to government's initiative to earmark state-owned land for black economic empowerment companies, commercial property association Sapoa CEO Neil Gopal says.
PRIVATE equity investor group CDC, which is backed by the UK government and focuses on emerging markets, has invested $100m in a new African real estate fund — called the Actis Real Estate Fund.
JSE-listed property loan stock company Spearhead Property Holdings has released sparkling 2006 year-end results which, for the seventh year in succession, show an increase in its p...
Growthpoint Properties, the largest listed property company on the JSE with a market capitalisation of more than R10bn and more than R15bn worth of properties, said if market conditions remained stable it should show solid dis...
Spearhead Property Holding’s 2,800 plus linked unit holders have reacted positively to the offer from Redefine to merge Spearhead into that group - and the vast majority will proba...
The 2006 intensive two week course for the Property Development Programme (PDP) presented jointly by the Graduate School of Business of the University of Cape Town and the South African Property Owners Association (SAPOA), is ...
WITH the focus of the South African listed property sector shifting to attracting international investors so it can become a global player, there is growing criticism of the exter...
THE Association of Property Unit Trusts, which represents the six property unit trusts listed on the JSE, believes a modification of the existing property unit structu...
THE City has ambitious plans to make use of major developments planned over the next three years around Joburg, including the Gautrain, the cross-city transport network and the 2010 stadiums. Densification will piggyback on th...
THE regeneration of Braamfontein, Johannesburg, is enjoying a further boost with Danaug Investments unveiling the first component of its Bridge precinct development. ...
Billion Property Group chief executive Sisa Ngebulana says plans for the R800 million shopping mall adjoining Hemingways Casino are "progressing very well".
Ngebulana said work on the site had begun already - two wee...
The Umhlanga Triangle development spearheaded by Moreland, the property development arm of Tongaat-Hulett Group, would pump more than R8bn into KwaZulu-Natal and link the Ridge to Umhlanga village.
Foreign investment in listed properties is minimal and the sector needs to adopt the Real Estate Investment Trust (REIT) structure to become a global player and attract offshore investors.
LISTED property loan stock company Freestone Property Holdings has beaten its own forecast, reporting a 15% surge in distributions to 61c a unit for the year to June this year.
Freestone executive director Michael Aitken (pictured) attributed t...
SOWETO — once considered little more than a “dormitory” township complex — is changing dramatically with commercial property developments mushrooming everywhere.
Aug 17, 2006: Work starts on Estuaries office park CONSTRUCTION of the first office block at the 35000m² The Estuaries office park at Century City in Cape Town is under way, with work on at least a further 10 buildings expe...
Building contractor Grinaker-LTA is close to completing a R19-million contract to extend the Lakeside Mall in Richards Bay, to cater for the town’s burgeoning population and an increasing demand for convenience shopping facili...
Liberty International, the JSE-listed property group, on Friday beat off at least four international financial giants to buy up the retail heart of London's famous Covent Garden for R6-billion.
Durban-based holding company Marshalls reported last week that its headline earnings a share had increased about 24% to 8,3c for the six months to June on the back of strong demand for light industrial property.
The Mandela Bay Development Agency (MBDA), tasked with revitalising the Port Elizabeth CBD and inner city, will host a Property Investors Conference on 25 August this year in the coastal city and hav...
The City of Johannesburg's property manager, JPC, is to facilitate the investment of R100-million on a mixed-use development aimed at transforming the emerging Diepkloof business district.
South Africa will build a new airport in the eastern port city of Durban before hosting the 2010 Soccer World Cup, Transport Minister Jeff Radebe has announced.
JSE Listed Sizafika Property Investments Limited, which has been restructured from the shell of knitwear company Adonis, announced today that it has entered into agreements to acquire commercial properties to the value of appr...
After rumours lasting a week or more, Liberty International on Monday announced a magnificent seven-acre buy in Central London. The purchase, for cash of £420m, is described as an investment of a size and quality seldom availa...
The R100 million first phase of the Willow Village Lifestyle Centre in the Tyger Valley retail district, opened on June 22nd amidst great fanfare and enormous trading success.
WITH quality commercial property including retail, industrial and offices in short supply in the open market, many listed property companies are developing their own property stoc...
Listed property loan stock company ApexHi Properties has released details of its proposed R150m empowerment transaction, saying Clearwater Capital and a broad-based empowerment trust would be acquiring a 10% interest in the co...
Cape Town-based CBS Property Portfolio has enhanced its asset base with the transfer of 12 properties, valued at R616 million, into its property portfolio over the past weeks. This drives CBS’ property assets above R1.7 billio...
Entrepreneur Nikki Hendricks is a success story in the Western Cape call centre industry. In two years, she has grown her business OC2 from a 15-seat start-up to a financially stable 60-seat operation serving blue-chip clients...
PROPERTY industry sources say that 20 to 40 initial bids may have been made for the Victoria & Alfred (V&A) Waterfront in Cape Town. Several of these bids were thought to have been made by foreign companies, which may ...
An R83 million expansion is under way at Phumelela Park, an Old Mutual industrial park at Montague Gardens, in response to rising demand for large industrial space in greater Cape Town.
Former mayor of New York Rudolph Giuliani will be helping Johannesburg shape up crime-wise in time for the 2010 World Cup, which local property experts predict will help to secure the city's worldwide investment status.
Unlisted holding company Alliance Group, which owns auction and valuation companies, said yesterday its turnover for the year to June was R2bn and that it expected it to increase 20% in the next financial year.
Hotels and hospitality group Protea Hotels is "actively" looking to establish a presence in a number of other African countries, said managing director Arthur Gillis yesterday.
Protea's expansion drive will see the company take advantage of an...
In a David and Goliath case of shareholder activism, investor Arie Zevenbergen will clash with R2bn property company Vukile in the Johannesburg High Court tomorrow over the fairness of a buyout offer.
Growthpoint Properties attributed its double-digit distribution growth for the year to last month to a strong performance from its underlying property portfolio, as well as some savings from the refinancing of debt.
