"The asking price for the property, which is situated in Merriman street, is R6,5m (excluding VAT). All the un...
Sep 27, 2007: Development frenzy continues
It doesn't look like the expected slowdown in consumer spending has curbed retailers' enthusiasm to open new stores and expand existing ones
Owners of shopping centre portfolios continue to report remarkably strong demand for floor space, indic...
Sep 27, 2007: Big league KFC for Mdantsane’s Taxi City
A black economic empowerment consortium, made of largely Eastern Cape entrepreneurs, is to open a Kentucky Fried Chicken (KFC) outlet at Mdantsane by November this year
The 385 sqm store, which will employ almost 80 people, largely from the are...
Sep 27, 2007: Property maestro to address Retail Real Estate World Summit in SA
Property developers in both emergent and developed markets will learn valuable points of view, first-hand as the International Council of Shopping Centers (ICSC) along with the South African Council of Shopping Centres (SACSC) hosts the Retail Real Estate...
Listed property loan stock company Resilient Property Income Fund said yesterday it had received approval from the Planning Tribunal, constituted in terms of the Development Facilitation Act, for retail rights to develop a 75000m2 retail centre in Polo...
LISTED property loan stock company iFour Properties has teamed up with a developer to build a R150m shopping centre in the Eastern Cape resort town of Jeffreys Bay.
The transaction was in line with its strategy of enlarging its property portfo...
Sep 25, 2007: Retail investor should go long-term
According to Property Loan Stock Association News (April 2007) the retail investor is an increasingly talked about element of listed property investment.
But who is the retail investor? What are their investment objectives and habits and why a...
Sep 25, 2007: How to understand foreign ownership
Australia does it. Singapore does it. Canada does it. And so do New Zealand, Brazil and the United States. But when South Africa suggests it might also like to use it as a policy instrument, the "banana republic" and "foreign investors flee...
It looks as if the British commercial property market is about to follow the slide of its residential market. With SA property likely to continue giving double-digit returns over the next five years, should you bother to look offshore?
London-b...
Sep 25, 2007: Amdec fully lets office space at 28 Harrison Street
Amdec Property Development has successfully tenanted all offices at 28 Harrison Street, one of a portfolio of commercial properties it recently acquired with Property Partners in the heart of Johannesburg’s financial district.
Amdec Prope...
Sep 20, 2007: R300m in fund's initial public offer
The initial public offer (IPO) period for Africa's first property tracker fund, which closed on Friday 7 September, secured a total commitment of about R300m.
Property Index Tracker Collective Investment Scheme in Securities (PropTrax) is an ex...
Sep 20, 2007: RBA shares oversubscribed
Housing group RBA Holdings (RBA), which is due to list on the JSE's AltX on Thursday, says its private placing of 65m shares at a price of one rand per share, was substantially oversubscribed.
RBA was established in 1997 and is one of South A...
Inner city property managers have a responsibility to property owner...
Sep 20, 2007: Libint looks well worth the cost
The fact is that the share price fell quickly, and when Jean looked at the technical signals there was a temptation to buy, not for a long-term hold but to trade
I SUGGESTED yesterday that Liberty International could be a buy for the portfolio Jean a...
Major hotel operators around the globe are showing increasing interest in South Africa, says Joop Demes, MD of Golding Hotel Investment Consultants (...
Sep 20, 2007: Retail sales growth slower at 4,9%
Retail sales growth slowed to 4,9% year-on-year in July at constant prices, official data showed today, weakening the argument for another interest rate hike next month
Retail sales - the main measure of consumer demand - braked from an upwardl...
Sep 18, 2007: The Bluff gets new business centre
Falkirk Park is a new business/industrial centre which will rise out of the shell of the old Durban Falkirk Iron building on the Bluff in Durban within a few months.
The plan is to add another floor to the single-storey building while refurbish...
This view is supported by a joint venture between Athanor International Property Investments and Pam Golding Comme...
Sep 18, 2007: Hardware warehouse lists on AltX
A supplier of affordable building materials, such as cement, corrugated iron roof sheeting, doors, windows and timber, will be listing on the Alternative Exchange (AltX) of the JSE by way of private placement on 28 September 2007.
Listed property loan stock company Resilient Property Income Fund said yesterday it had acquired an additional 9,1-million linked units in Pangbourne Properties for R150,7m.
This acquisition brings Resilient and its sister company Diversified ...
Construction of the Eastern Cape's biggest shopping centre, the Hemingway's Mall, kicks off today, and visitors to the adjacent Hemingway's Casino will have to use alternative parking.
The casino and hotel marketing manager, Ailsa van Wyk, yes...
Dr Funokwakhe Cedric Xulu, chief executive of Jomo Sono Investments and CEO of Sawubona Hotels, says the hotel chain is se...
Sep 17, 2007: First Industry Specific Property Recruitment Website
Following the growth in the property industry and the increasing demand for professional and experienced property practitioners, PropertyJobs have developed a specialised website, www.propertyjobs.co.za which is wholly focussed on providing a comple...
Sep 17, 2007: Kraaifontein hotel sold on auction
The landmark Kraaifontein Hotel, situated in the Cape Town's northern suburbs just 25km from the city centre via the N1, was recently sold for R2,2m to a church group on an auction.
Located at 105/105 Wapnick Street, the property is within easy...
Sep 17, 2007: Buy from foreigners: Withhold tax
Anyone buying property from a non-South African resident should be aware that they must withhold tax from the proceeds of that sale as of 1 September this year.
According to Godfrey Timber, director and conveyancer for Smith Tabata Buchanan Boy...
This was recently launched at the Meropa Casino and follows the opening six months ago of a Free State/Northern Cape region to add to the long-established Wes...
Sep 17, 2007: Commercial property still strong
The last four years have seen the commercial property market galloping ahead in terms of capital growth, with buyers aplenty and sellers few.
So says Tony Bales of Bales Delaporte Commercial Property Dealmakers, who questions whether the rece...
Sep 17, 2007: Joburg’s new gold belt
Whether you love or hate the idea of the vastly expensive Gautrain that’s set to cut through the nation’s busiest region, don’t ignore it from a property perspective. Land and property along the Gautrain route is set to become South Afri...
Sep 13, 2007: Property exposure climbing
In the nineties, most institutions and pension funds were getting shot of large chunks of their property portfolios. Property - both direct and listed - was generally rated as the worst asset class to be in back then, as an oversupply of commercial space ...
Sep 13, 2007: Tired Berea Centre refreshed
Berea Centre, a community shopping mall, has undergone a R40m facelift, revitalising the tired facility and converting the adjacent office space into 136 luxury flats
The move, which has greatly changed the tenant mix and introduced national re...
This is according to Tony Bales of Bales Delaporte Commercial Property Dealmakers, who questions whether th...
Sep 12, 2007: SA Green Building Council hatches
Following the announcement in May at the 2007 South African Property Owners Association (SAPOA) convention about the establishment of a South African Green Building Council (GBCSA), this non-profit initiative is starting to get off the ground.
Sep 12, 2007: Dubai offers a lot to über-rich
There is no end in sight for property and holiday investment options offered to the richest of the rich in the most robust residential market in Dubai in the United Arab Emirates.
Since 2002 developers have sold thousands of properties and lux...
OLD industrial property areas in the Gauteng area, which have fallen out of favour in recent years, are increasingly becoming viable again because of a severe shortage of industrial property space in t...
Sep 12, 2007: Knysna island hotel site for sale
THE power station site on the Thesen Islands marina development in Knysna has been released for redevelopment and is on the market for R6,5m.
The 1772m² site is the last remaining commercial property to be offered by the developers of Thes...
DURBAN — Responding to the soaring demand for small industrial sites, a derelict city landmark building will undergo a R40m refurbishment to become a business and industrial centre.<...
THERE are opportunities for new property listings on the JSE despite an “incredibly competitive market” and low capitalisation rates, says Paul Duncan, investment analyst at Catalyst Fund M...
Sep 11, 2007: Sanlam boost for black property managers
The property portfolio managed by Hermans & Roman, the black-owned property management firm operating nationally, has been boosted by R1bn through a three-way management outsourcing by Sanlam Properties.
Sanlam Properties has outsourced th...
Sep 11, 2007: Affordable housing in SA gets boost
Affordable housing in South Africa got a shot in the arm on Tuesday when Absa, the country's largest retail bank, inked an agreement with the French Development Agency (Agence Française de Développement - AFD) to borrow 40m euros.
Sep 11, 2007: CTICC expansion may spur market
The further expansion of the Cape Town International Convention Centre (CTICC) is good news for the city, and its benefits may even extend into the property market.
So says Mick Joyce, Pam Golding Properties' (PGP) managing director for the We...
Sep 11, 2007: PropTrax lists on JSE 10 September
Investors was offered the option to exchange a full basket of listed property shares and units reflecting the index FTSE/JSE SAPY (South Africa's listed property index) for exchange traded fund (ETF) units during an initial public offering.
Th...
Sep 11, 2007: Property firm set to relist on JSE
Shops For Africa Ltd, which has been operating under a cautionary since early June 2007, is planning to relist on the JSE as a new-look, recapitalised property investment and development company called SA REIT LTD.
SA REIT will be listed towar...
Sep 11, 2007: Firm buys CT industrial park space
A property development company has announced the acquisition of about 150,000sq m of space in a new industrial park to be developed in the Western Cape.
The upmarket industrial estate will have 24-hour access control, a manned gatehouse and el...
"Don't worry about a property downturn. We want to grow our investments from R10bn to as much as 10% of our R720bn investment capital over the next few years. So there's no ...
THE Alliance Group will auction the Midrand City shopping centre on September 18 at the Park Hyatt Hotel in Rosebank.
...
Sep 10, 2007: BEE fuelled in township projects
The formidable buying power in South Africa's townships is undisputed, but until recently retail space in these areas was limited, which often made shopping an arduous and costly undertaking for residents.
The logical solution – bringin...
Sep 10, 2007: SA listed property must expand
Owners of commercial property are making it nearly impossible for the South African listed property sector to increase its market value sufficiently to lure foreign investors.
According to Mr Norbert Sasse, chief executive of Growthpoint, the l...
Sep 10, 2007: Restitution: Seller appoints lawyer
The land claims commissioner is out of order with his unilateral decision that the state can, as the buyer in restitution transactions, appoint the transfer lawyer, says a lawyer.
The land claims commissioner is not authorised to impose this de...
Sep 10, 2007: More feet in CT CBD, no biz spike
While numerous developments in recent years have aimed at transforming central Cape Town from a crime and grime hot-spot to a viable residential and business destination, the full benefits of the higher numbers of inner-city residents seem to be evading r...
Sep 10, 2007: SAPOA, Jhb City foster closer ties
The South African Property Owners Association (SAPOA) and the City of Johannesburg are joining forces to develop a more constructive relationship between the City and the commercial and industrial development industry.
The meeting between the ...
Sep 06, 2007: IFA's play on Boschendal
SE-listed IFA Hotels & Resorts has snapped up another 7.3% stake in landmark wine estate Boschendal in Franschoek – a deal which is curiously scant in detail.
The additional stake brings IFA’s stake in Boschendal to 26.6%, and o...
Sep 06, 2007: Panel: Land buyers must list race
A panel of experts has recommended that all potential property buyers disclose their race, gender and nationality, and that will include "substantial shareholders" in land-owning companies.
The panel has been investigating the foreign...
Sep 06, 2007: Jozibond a safe, cheap option
Initial public offerings or IPO's are an inexpensive and viable alternative to entering the property market against high barriers of entry into private property investment.
An IPO to be listed on the Johannesburg Stock Exchange (JSE) on the 21...
Sep 06, 2007: Rapid sales at Wynberg development
In the eight weeks since the launch of phase one of Grand Central Wynberg, 239 (58%) of the 414 apartments on sale in the R212m residential and retail development block have been sold.
This represents a total sale to date of over R100m.
ApexHi MD David Rice says the company is increasingly investing in re...
Sep 06, 2007: Ethos-led R11bn offer for Gold Reef Resorts
A consortium by Ethos Private Equity made a firm bid for Gold Reef Resorts yesterday in a deal worth R11,4bn, which would increase the company’s black economic empowerment stake from 25,1% to 30%.
"Don't worry about a property downturn. We want to grow our investments from R10bn to as much as 10% of our R720bn investment capital over the next few years. So there's no ...
The 1,772sq m site is the last remaining commercial property to be offered by the developers of The...
Sep 04, 2007: Cheap housing firm lists on AltX
A supplier of affordable housing is on track to list on the Alternative Exchange (AltX) of the JSE Limited by way of private placing and offer for sale on 20 September 2007.
The RBA Holdings listing will facilitate the provision of capital for...
Although dominant in its trade environment, the once iconic shopping centre is over 30 years old and in need of major refurbishment to live up to the needs and ...
Sep 04, 2007: What has happened to building costs?
Commercial building cost inflation has slowed down markedly from its peak of 37% year-on-year in the third quarter of 2005, to the 16% recorded for the first quarter of 2007, but it is still high relative to consumer inflation
A new property tax was passed over the weekend that requires all South Africans who buy local properties from foreign sellers to withhold a portion of the buying price and pay it directly to the taxman.
Sep 03, 2007: Growthpoint upgraded by Moody's
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 securitisation (CMBS) in November 2006. ...
Sep 03, 2007: NCA on agenda at Rode Conference
The new National Credit Act and the impact it has on the South African property scene will be one of the numerous highlights at the upcoming annual Rode Conference on Property in South Africa, to be held in Cape Town and Johannesburg in September.
Tiffindell Ski Resort, South Africa's only ski resort, is about to get a further boost with a R400-million development by...
Sep 03, 2007: Jhb insurance firm expands office
An insurance company is expanding their branding presence in Bedfordview, Johannesburg, with a R65m expansion of their current office space.
With an expected completion date of March 2008, the new 6,000sq m building has been designed to compli...
Sep 03, 2007: Bright future beckons Rosebank taking off
The construction of the Gautrain station, major commercial property and transport developments and the "pedestrianisation" of Rosebank are among the exciting projects set to turn the node into a unique, vibrant and cosmopolitan hub, says Democra...
Redefine Income Fund (RDF) on Thursday announced that it has reached agreement with black-owned Mergence Afric...
Sep 03, 2007: Hospitality Property Fund reports total returns of 116%
Linked unitholders will receive debenture interest payment for the six-month period ended June 2007, of 50.83c per A-linked unit and 71.68c per B-linked unit Property loan stock company Hospitality Property Fu...
