JSE-listed IFA Hotels & Resorts (IFA SA) said on Monday it had acquired a 20% interest for R15m in a joint venture company set up for the purpose of acquiring the Legend Golf & Safari Resort development in Limpopo.
Renewals on 511, 923m2 valued at R1-billion were achieved, while new leases on 171,831m2 valued at R426-mllion were concluded.
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Aug 29, 2007: Serviced Offices now available in Cape Town's Convention Tower
Habitaz Global Workspaces, provider of fully serviced office facilities and business services, has started selling its 1,800 square metres of prime space in Madison Property Group’s prestigious Convention Tower building in The Foreshore currently un...
An East London beachfront hotel is locked in a bitter dispute with a top Gauteng swimming club which it claims left them more than R100000 out of pocket.
In papers before the East London High Court, the Esplanade Hotel, which trades as Six Bar ...
Aug 29, 2007: WBHO full year HEPS up
Construction group Wilson Bayly Holmes Ovcom (WBHO) on Monday reported 512.1 cents in headline earnings per share (HEPS) for the year ended June compared with 351.7 cents a year ago.
A final dividend of 85 cents per share (2006: 54 cents) has b...
Aug 29, 2007: 'Don't pay out capital profits'
An issue coming strongly to the fore at the moment is the question of whether it's correct for listed property companies to distribute their unsustainable capital or development profits to unit holders, who are often unaware of the status quo, in order to...
The mixed-use development concept, well entrenched in Johannesburg and Cape Town, is starting to prove popular in other parts of the country with a R763m being development planned for...
Billion Group has been given the green light to build East London's regional shopping centre ahead of three other property groups.
Construction on Billion Group's 72000m2 shopping centre, situated next to Hemingways Casino, on the border of Ca...
Aug 29, 2007: Moody’s upgrades Growthpoint Properties Limited securitisation notes
Growthpoint Properties Limited has achieved a Moody’s Investor Services rating in excess of the South African Government sovereign ceiling for the notes issued during its most recent commercial mortgage backed securitization (CMBS) in November 2006
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Aug 29, 2007: Massive new housing plan for Soweto
Plans are being drawn up for the biggest housing development in the province, including homes, schools, social and work facilities, as well as an agriculture hub
DOORNKOP Greenfields, one of the biggest mixed-use housing developments ever under...
Aug 29, 2007: CT office rental deal concluded
A local consultant recently concluded the lease of prime AAA grade office accommodation in Granger Court, Granger Bay, at Cape Town's V&A Waterfront, on behalf of Close Brothers, the UK's largest independent merchant bank.
The capital valu...
Aug 27, 2007: Growthpoint's shares climb well
Growthpoint Properties Limited this week announced a distribution of 93,1c per linked unit (cplu) for its financial year ended 30 June 2007.
The results show a 14,5% increase on the distribution of 81,3cplu achieved by the fund in its 2006 res...
Aug 27, 2007: Professionals flock to Dbn's Berea
Rezoning along roads fringing the industrial area in Durban's Berea has led to an influx of professionals who are turning stately old homes into upmarket offices.
"Granting business rights along these roads was an inspired move and is lead...
So says Selwyn Sharon, leasing and sales consultant for Pam Golding Commercial (PGC), who recently concluded the sale of 218 Sir L...
Aug 27, 2007: Property fund shows good growth
Property group SA Corporate Real Estate Fund (SAC) reported a 26% rise to 17c in distribution per linked unit for the interim period ended June, it reported on Thursday.
Income rose to R277,4m from R153,8m while rental income increased to ...
HOUSE price inflation slowed slightly to 18,4% year-on-year in April this year, from 18,7% recorded in March, according to the latest Lightstone Residential Property Indices.
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Aug 23, 2007: 5th Annual IPD/SAPOA Property Investment Conference
South African Real Estate is fast coming up on the screens of mainstream international investors as a market with serious allure. Greater world liquidity and higher prices are expected to lure offshore asset-chasers to SA on an unprecedented scale.
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Aug 23, 2007: The comeback of the Century
When Nedbank wanted to offload the property assets it inherited from its BoE acquisition in the early 2000s, there were few takers for what was then considered by many to be the ill-fated mega-mall Canal Walk at Century City in Cape Town
Mid-20...
Aug 23, 2007: Office Property Market set to shine
The SA economy is expected to show growth of 4.5% to 5% p.a. over the next 18 months. This is likely to drive demand for office space; however supply will remain constrained while vacancies are coming down
Not only is the mega-mall Hyprop's single biggest investment - its 80% undivided share in the R3,75bn (R3bn) mall represents 43% of H...
Aug 23, 2007: Fundamentals and acquisitions drive Growthpoint results
Growthpoint Properties Limited this week announced a distribution of 93,1 cents per linked unit (cplu) for its financial year ended 30 June 2007. The results show a 14.5% increase on the distribution of 81, 3 cplu achieved by the fund in its 2006 results
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Aug 22, 2007: PUT price drop 'temporary'
The recent drop in South African Property Unit Trust (PUT) share prices has caused some concern in the listed property market.
Analysts have generally attributed this softness in the market to the following combination of reasons: 1. Cen...
The AAA grade offices will not only serve as the official headquarters for MSP Developments, but will also be the first comme...
Aug 22, 2007: Doyen of Commercial Property Kuper Dies
COMMERCIAL property doyen David Kuper died early yesterday morning in Johannesburg's Milpark Hospital where he was being treated after being injured in a car accident on August 9.
Kuper, 73, was chairman of Investec Property Group and Investec ...
THE number of people skilled in the property industry needs to double within the decade to keep pace with expected economic growth of 5%-6%, says Colin Young, head of institutional property investments...
DURBAN — Increasing rentals, driven by the shortage of serviced land in the KwaZulu-Natal business hub emerging towards Umhlanga, are forcing corporations and developers to consider shifting their ...
