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Nov 29, 2006: Tanzania’s first shopping mall on track
Anchored by two of South Africa’s retail stalwarts – Game and Shoprite – the 19 000m˛ Mlimani City mall became Tanzania’s first fully-enclosed, air-conditioned shopping centre when it opened mid November says Broll chief executive officer Arnold Meyer.
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GAUTENG residents are choosing where to live and work based on traffic congestion, but have admitted that they are unlikely to give up their vehicles even if public transport becomes more efficient, says a recent study.
There has recently been a fair amount of media coverage regarding the conversion of Property Unit Trusts (PUTs) to Real Estate Investment Trusts (REITs), but perhaps the issue could use some more clarity.
The Nelson Mandela Bay World Cup soccer stadium site has been transformed into a hive of activity with workers and construction vehicles getting down to business.
Earthworks have already begun and a massive storm water drain is under construct...
The Dubai consortium that bought the Victoria & Alfred Waterfront says it disagrees with the high political risk assigned to SA by international rating agencies, and is looking at making substantial investments across a range of economic sectors. <...
THERE was standing room only at what was the biggest property auction in SA in recent times, where 29 properties came under the hammers of two auctioneers.
Old Mutual will continue to be a net investor in the Johannesburg CBD, says Colin Young, head of asset management at Old Mutual Property Group, despite a successful auction held by Auction Alliance in Johannesburg.
UK property fund CIREF, which has a substantial South African shareholding and is listed on London's Alternative Investment Market (AIM), said this week its net profit rose 17,4% to R33,4m, compared with the unlisted predecessor fund's pro forma result...
THE turnaround story in Johannesburg’s central business district (CBD) is making headlines in several leading newspapers — a stark contrast to the doom and gloom that pervaded just 10 years ago.
IN WHAT is probably the biggest single sale of office space in the Johannesburg central business district (CBD), about 60000m˛ of space will go on auction today.
NEARLY 30 properties will be sold at the Auction Alliance sale in Rosebank on November 22, one of the largest sale of its kind held in SA. Main attraction at the auction is Pomona Estates in Kempton Park, covering two stan...
THE JSE-LISTED PROPERTY SECTOR could double in size if corporates, institutions and Government - which still own the bulk of South Africa's commercial property stock - start offloading their land and buildings to listed property funds.
The Eastern Cape Development Corporation sold properties to the value of R13-million last year, although this was "inadequate to improve the financial stability of the corporation", acting CEO Aneel Radhakrishna has said.
In the corporation's ...
Nov 08, 2006: South Africa Property Laws Under Review
A long overdue investigation into the laws governing the South African property industry is finally under way, on the instruction of the Department of Trade and Industry.
Various representative bodies have made submissions t...
Nov 08, 2006: Serious Interest Shown At Auction
Record attendance at a recent Cape Town property auction indicates that the market is set to continue the steady growth shown so far this year.
The commercial and industrial property market is set to continue the steady growth it has shown this yea...
South Africa's five biggest construction companies have entered into partnership with the education department in a massive artisan training programme that will see thousands of students equipped with construction industry skills.
The third quarter of 2006 saw a rebound in performance of the Real Estate segment of collective investment schemes (previously called unit trusts) after a large dip in the second quarter ending June. On average, these funds saw a return of 8.3% for the...
Earthworks for Melrose Arch Shopping and Offices on the Piazza at Melrose Arch will be complete next week facilitating the commencement of construction of the new scheme. The excavation work required for this precinct development is progressing on sche...
The economy will suffer enormous losses at a crucial time of the year if a national strike by investigators in South Africa?s nine deeds offices goes ahead this week, local lawyers, estate agents and property developers have warned.
The planne...
Nov 07, 2006: Group Five shares rise on talks report
Shares in construction company Group Five (GRF) were up 6% in afternoon trade on Friday following the group's announcement that it has entered into negotiations which, if successfully concluded, may have an effect on the price of the company's shares.
Listed property company Allan Gray Property Trust (Grayprop, GRY) has reported an increase of 11.4% in distributions for the year ended September to 39 cents per unit from a previous 35 cents per unit.
WHEN asked to describe the most important feature of a good property investment, an oft-repeated catchphrase among property pundits is “location, location, location”. However, pundits are often refer...
In a rare show of unity, the African National Congress-controlled Western Cape government and the Democratic Alliance (DA)-led City of Cape Town have reached a "political agreement" over the planned R2,49bn 2010 Soccer World Cup stadium in Green Point....
JSE Listed Sizafika Property Investments Limited, which has been restructured from the shell of knitwear company Adonis, announced that it has concluded agreements to acquire 67 commercial properties from various vendors for R...
Boosting its total portfolio value to over R5 billion, Corovest International’s property fund CIREF has secured R4.1 billion worth of acquisitions and developments aimed at bolstering the fund’s rapidly growing portfolio. ...
Listed construction and building material group Aveng chairman Richard Savage said that trading conditions in all three of Aveng's business clusters continued to be buoyant.
Speaking at the group's annual general meeting, Savage said the...
