Commercial Property in South Africa For Sale and To Let Dec 01, 2024

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Mar 29, 2007: Growthpoint to buy Woodmead Retail Park from Investec

GROWTHPOINT Properties, the largest listed property company on the JSE with property assets worth more than R20bn, is to acquire the R500m Woodmead Retail Park from Investec Property Group.

PHUMELELA Park, one of four Old Mutual industrial parks in the greater Cape Town area, is being expanded for the second time within a year.

...

Mar 29, 2007: Development partners sought

LEREKO Property Company, the empowerment firm that acquired a 25% interest in the massive land holdings of pulp and paper producer Sappi, is looking to partner with developers to take advantage of the ...

Mar 29, 2007: Mutual to form property funds

LIFE assurance giant Old Mutual is to launch a “core” unlisted property fund containing its existing fixed property assets, which are worth R10bn.

Ol...

Mar 29, 2007: Napier Commercial Auction 31 March

A 10-room, double storey, old Napier style property, well situated in the main street of Napier, a town which has become know as the 'gateway to the Overberg', is to be auctioned on site by Pam Golding Commercial Auctions at 12 noon on Saturday 31 March, ...

Mar 29, 2007: Black Property's 2007 Convention

The South African Institute of Black Property Practitioners will host the 2007 convention at the Theatre on the Track in Johannesburg on 20 April 2007.

Property in South Africa is one of the fastest growing sectors in the South African economy ...

Mar 29, 2007: Cape Developers Experience Delays

A number of golf estate developers in the Western Cape have apparently been waiting for more than a year to get the necessary go-ahead (or dismissal) for their projects from planning authorities. Meanwhile, holding costs on many of these multi-million ran...

Mar 29, 2007: 2006 Highs In Commercial Building

According to John Loos, property strategist for FNB Commercial Banking, the release of December building statistics by StatsSA for the year 2006 reported that the real value of building plans passed reached the highest level on record, and probably safe t...

Mar 28, 2007: Offices Cost More In Europe Than South Africa

Trends in South African office property generally follow those in Europe, but South African may be thankful that they needn't pay as much as R730/m², as is the case in London's sought-after West End, says Ms Fran Teagle, commercial director of Broll....

Mar 27, 2007: Showroom opportunity

Evidence of the calibre of properties that Auction Alliance attracts to its monthly commercial renaissance multiple auctions is the Furniture City showroom in Randpark Extension 4.

The property will feature at the group's auction on April 25 a...

Mar 27, 2007: ApexHi acquires a further 25 properties

In a BEE transaction with the Mia Family Trust, ApexHi Properties Limited has acquired 25 office, retail and industrial properties for more than R350-million at an average forward yield of 11,3%.

The transaction, which is subject to Competition...

Mar 27, 2007: East London's Mall Battle Has Been Won

The race to build Buffalo City's (East London) first regional shopping centre has finally come to a head with black-owned property developer Billion Group emerging as the front runner.

Following months of uncertainty about which one of four pr...

Mar 27, 2007: Industrial Property Still Steaming

Strong economic growth and rising building costs and low vacancy rates ensured that the industrial property market kept up its grand performance during the last quarter of 2006. This is according to the latest issue of the authoritative Rode's Report on t...

Mar 26, 2007: Hermanus Gold Lodge Tender

Developers are being invited to tender for one or both unique development opportunities to build a total of 15 luxury golf lodges at Fernkloof Estate on the Hermanus Golf Course.

The golf lodges mark the final chapter in the development ...

Mar 26, 2007: Centre 'a boon for Durban'

The International Conference Centre in Durban has generated more than R5,5 billion income for the region after being built at a cost of R280 million, according to KwaZulu-Natal premier Sbu Ndebele.

Speaking at the opening of the ICC Arena, he ...

Mar 26, 2007: To Let signs disappearing fast

Popular Business nodes in major cities and towns are starting to run out of office space. While this is good news for landlords, with long-awaited rental growth kicking in, tenants will have the short end of the stick as occupation costs are set t...

Mar 26, 2007: Upgrade for Parliament St on the cards

The Mandela Bay Development Agency has called for planning and design proposals for the upgrading of a section of Parliament Street between Lawrence and Rink streets.

The proposal must include broad concept sketches on how the consultant team ...

Mar 26, 2007: Space Grabbed In Ct's 'the Hudson'

Transactions to the value of R7.5m have been concluded in the soon-to-be-completed prestigious building, 'The Hudson', which is centrally situated and bounded by Hudson & Strand Streets in Cape Town's vibrant De Waterkant area. Among the tenants is bu...

Mar 22, 2007: January building plans passed up

By Evan Pickworth,

Statistics South Africa reported that the real value of building plans passed in January 2007 increased by 0.6% year-on-year (y/y) from the 9.6% decline in December.

The total real building plans passed increas...

Mar 22, 2007: 2010 FIFA World Cup - Opportunities and pitfalls

Extracts from Property Innovation: Madison Property Fund Managers

Gary Bailey

Soccer expert

The 2010 FIFA World Cup South Africa has become the driver for infrastructural...

Mar 22, 2007: 2010 FIFA World Cup - Opportunities and pitfalls

Extracts from Property Innovation: Madison Property Fund Managers

Gary Bailey

Soccer expert

The 2010 FIFA World Cup South Africa has become the driver for infrastructural...

Mar 22, 2007: When Dubai comes to town...

The increasing globalisation of the real estate sector is likely to have a significant and positive impact on the South African market. Yield compression and rising interest rates in the more mature real estate markets of the United States and E...

Mar 22, 2007: Vacation Industry Achievers Rewarded

RCI Global Vacation Network celebrated industry achievements at their awards evening, recently held at Vodaworld, Midrand.

Vacation ownership industry performance and successes were recognised at RCI's nineteenth Oscas Awards. ...

Mar 21, 2007: Joburg Cbd - Star Performer

Spare a thought for tenants in London's West End - the world's most expensive office location - who now have to cough up the equivalent of more than R1 200/sq m a month for a prime business address. That compares to a rather modest R117/sq m in Sandton, S...

Mar 20, 2007: Can Gauteng Execute New Rates Act?

There have to be serious doubts about the practicality of implementing the Local Government Municipal Property Rates Act in Gauteng. The Act is aimed at standardising rates across the property spectrum but its implementation in the Western Cape has not go...

Mar 19, 2007: Kagiso moves into booming Lowveld property market with R380-million Lifestyle Centre

BEE property company Kagiso Property Developments, together with their development partners, have launched the first phase of a R380-million commercial and retail development in Nelspruit. This is Kagiso’s first major development outside o...

Mar 19, 2007: Kagiso Property in R380m Nelspruit development

Empowerment property company Kagiso Property Developments and other property developers have, in a joint venture, launched the first phase of a R380m lifestyle shopping centre development in the growing Nelspruit node in Mpumalanga.

The 14,700m...

Mar 19, 2007: Makhubalo at Bankseta helm

He runs his own multinational business in property development and is engaged in various executive management programmes, both in South Africa and abroad.

Makhubalo worked as CEO of the Free State Development Corporation from 2000 to 2005.

...

Mar 19, 2007: City land hunger turns attention to the west

The former mining towns of Roodepoort and Krugersdorp are enjoying a boom in commercial, residential and office development.

A new 70000m², multi-million-rand headquarters for WesBank and First National Bank Home Loans is being built in Fa...

Mar 19, 2007: Mapungubwe Hotel Apartments Near Completion

The four star Mapungubwe Hotel Apartments on the corner of Ferreira, Marshall and Anderson Streets in the Jo’burg inner city will be opened on July 1 2007. So says Gustav Holtzhausen of Circlevest Properties, joint project developers with A...

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