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Oct 30, 2007: Hyprop Buys 31,3% Stake in Sycom For R1,24 Billion
Leading listed retail property fund Hyprop Investments has expanded its investment portfolio with the acquisition of approximately 31,3% of listed property unit trust Sycom Property Fund (“Sycom”) for R1,24 billion
STEEL demand in SA dipped almost 10,7% in the third quarter, with 1,3-million tons of carbon steel sold domestically, showed data published by the South African Iron and Steel Institute (Saisi) yesterd...
PRETORIA Portland Cement (PPC) today posted a 16% rise in full-year headline earnings per share and forecast a healthy performance this fiscal year, as demand for building materials booms....
LISTED property loan stock company Redefine Income Fund yesterday reported that its distributions for the year to August surged 20% to 51,25c due to several factors, including the acquisition of Spearh...
This is according to Tony Bales of Bales Delaporte Commercial Property Dealmakers, who says that it is only recen...
Oct 29, 2007: Coega likely to get R39bn refinery
The state-owned oil company, PetroSA, has announced that it intends to build a 200,000 barrel a day oil refinery and though the details are not finally nailed down, it is most likely to be located at Coega in the Eastern Cape.
Announcing this...
Oct 29, 2007: Dbn's Spinnaker set to sail
The Spinnaker, the tallest building on the Durban Point Waterfront, has been the cause for a lot of interest in the past five years.
It has been materialising into a strong calling card for local as well as foreign tourism and investment, set a...
Oct 29, 2007: Location may be key to PetroSA’s R39bn oil refinery project
On the face of it, the R39bn oil refinery that state corporation PetroSA plans to build at the Coega industrial development zone outside Port Elizabeth will bring much-needed additional refining capacity to an industry straining to provide growing demand ...
WHEN the doors of the Cape Town International Convention Centre opened in 2003, few people could have imagined the effect it would have on the city, both economically and socially.
As a “new” venture between the provincial govern...
Listed property fund Redefine has been praised for tagging a 15% discount on its recently announced R548m black economic empowerment (BEE) transaction. The discount gives the impression of a cheap transaction - until one takes a closer look.
Pr...
Oct 25, 2007: Development to boost EL beachfront
Phase two has just been launched in a new development which is expected to add further impetus to the upgrading and maximising of East London's beachfront.
This project also bodes well for a major business surge in the hospitality sector, says ...
Oct 25, 2007: Buyers still abound
It's probably a surprise to some that listed property hasn't been hammered by the latest interest rate hike. The sector is usually one of the first to see prices drop when rates rise
However, this time around the sector had lost less than 2% in...
The development, to be known as Racecourse Gardens and situated on Racecourse Road in Milnerton and adjacent to Trade Centre, will co...
Oct 25, 2007: A Star Rising in Construction
In an innovative move to assert itself as one of Gauteng’s prominent construction groups, Tri-Star Construction is undergoing restructuring to form Tri-Star Group Holdings
Under the new banner of an amalgamated holdings company, Tri-Star ...
A surging industrial property market in Cape Town has prompted Old Mutual Investment Group Property Investments to launch the R123m Racecourse Gardens industrial development in Milnerton adjacent to Trade Centre.
Amdec plans to retain this development as an investment and to let space in a price range of roughly R110/sq m when the bui...
Oct 24, 2007: ‘Green’ buildings are value for money
PROPERTY developers who opt for the more expensive “green building” approach may produce longer-term savings by reducing the strain on electricity infrastructure, says Swish Property Group CEO Giancarlo Lanfranchi.
Swish, together w...
Oct 24, 2007: Pangbourne board to be restructured
CAPITAL Property Fund, which is part of the Resilient Group stable of listed property funds, has announced that Barry Stuhler has resigned as MD of the listed property unit trust.
Stuhler, who will remain on the board of Capital as a “non...
Oct 24, 2007: SA’s property funds set for global arena
SOUTH African property funds will have a greater international exposure in the future and there is a possibility of an African property fund that spans the continent, says property economist Francois Viruly.
Viruly, who is a professor at the Un...
Oct 23, 2007: Foreign owners debate needs caution
A government report proposing limitations on foreign ownership of land in South Africa met with unexpected opposition from ANC MPs last week, prompting the South African Property Owners Association (SAPOA) to call for circumspection and far more consultat...
East London’s beachfront will be home to the Eastern Cape’s first convention centre as part of a R300 million Regent Hotel expansion plan presently underway.
Details of the 1400 seater convention centre and five-star hotel were unve...
Listed property loan stock company Ambit Properties has announced it will acquire Abseq Properties, which owns one of the “premier office portfolios in Johannesburg’s northern suburbs”, in a transaction valued at R1,036bn.
Th...
Oct 23, 2007: Investec prop deal unconditional
Specialist banking group Investec (INP, INL) said on Thursday the disposal of the property fund management and property administration businesses of Investec Property Group Limited is now unconditional
Building material costs have risen sharply again in the second quarter of 2007 — industry experts said demand for commercial space was outstripping supply — and developers are having difficulty bringing new projects on stream.
Build...
Oct 22, 2007: Property loans group performs well
Octodec Investments Limited, a property loan stock company listed on the JSE Limited, has produced strong growth in distributions to linked unitholders with a total return for the year ended 31 August 2007 of 59%.
At a recent auction, a piece of industrial land with excellent visibility and a prime location sold for R490...
Oct 22, 2007: Property firm expands in Cape
In anticipation of the imminent launch of several new developments, Amdec, a property development, investment and project management company, has expanded its Cape sales team from two to seven.
Amdec currently manages national property develop...
Oct 22, 2007: CT retail space on auction 23/10
A retail opportunity in the Tygervalley Waterfront will come under the gavel on 23 October at The Table Bay Hotel at the V & A Waterfront.
The property is situated at Waterfront Terraces in Block 1 and comprises 379sq m of space as well as...
This has been revealed in the latest Rode's Report, which consolidates the findings of research conducted by property valuers and econ...
Oct 19, 2007: Investec prop deal unconditional
Specialist banking group Investec (INP, INL) said on Thursday the disposal of the property fund management and property administration businesses of Investec Property Group Limited is now unconditional.
The group announced in May that Investec...
Oct 19, 2007: CT's Ottery gets new China Town
A new R45m, 7,500sq m China Town will be developed next to the Ottery Pick 'n Pay hypermarket in Cape Town. The new facility will open in March 2008 after the Chinese New Year
Property developer Steve Kruger said they had an immediate an...
Oct 16, 2007: SA Home Loans launches sale
SA Home Loans has successfully launched the sale of residential mortgage backed securities (RMBS) through The Thekwini Fund 7 (Pty) Ltd.
This is its seventh term securitisation deal over the last six years.
Want to know where bubble will burst? Property in R2m-R5m category, golf estates, holiday homes, some commercial among expected bargains - top auctioneer.
As estate agents brace themselves for tougher business times ...
Oct 15, 2007: 2010 WC set to renew CT inner city
Cape Town inner city property prices and rentals will be boosted by the R38bn package to build support structures for the 2010 World Cup, a new report showed.
Released on Wednesday, the Trafalgar Inner City Report 2007 measured world understan...
Oct 15, 2007: New contender launched
WITH corporate action rendering Cape-based listed property companies almost extinct it is heartening to see that a new contender – with a heavy Cape Town bias – has been launched.
Or should we rather say re-launched, because SA Reit...
Seven interest rate hikes since June last year have ratcheted up the pressure on homeowners and new entrants to the commercial property sector, with indications that many are feeling the pinch and are being forced to sell.
This is expected to ...
Oct 15, 2007: Cape Town Office Demand Set to match Growth Rate
The demand for office space in the greater Cape Town metro area can be expected to grow in line with overall macro economic growth in South Africa, anticipated to be around 5% a year in real terms
This is one of the findings of a study of the city&...
Amongst the major regions Asia Pacific saw a 7.3% quarterly growth, mainly due to growth performances from China, Hong Kong...
Oct 10, 2007: R72 upgrade will benefit property Property development in the Eastern Cape will receive a welcome boost if the R72 between the Nelson Mandela Municipality and Buffalo City is upgraded.
With all the development in South Africa leading up to 2010, buildings, stru...
A high-powered Fifa delegation braved the cold and rainy weather on Tuesday to conduct their second inspection this year of the 2010 Soccer World Cup stadium in Port Elizabeth – and gave the project the thumbs up.
Alicedale has become a model of development, Eastern Cape Roads and Transport MEC Thobile Mhlahlo said after he turned the first sod of a R60-million tar road which will link the tourism town to national roads and the Nelson Mandela metro.
The JSE is trading within touching distance of its all-time peak reached mid-July. President Bush's plan to help creditworthy homeowners refinance their mortgages, Federal Reserve Bank Chairman Bernanke's decision to reduce interest rates for the first...
Oct 10, 2007: New Shopping Centre for Westville
The construction of a new 35 000 m2 shopping centre in Westville is well underway. The R345-million construction contract for the new Westwood Shopping Centre is being undertaken by Grinaker-LTA Building, part of the JSE-listed Aveng Group
Tenders have closed for the historical research around the upgrade of the Mossel Bay Museum, a project that will see a move away from the nautical theme which has characterised it to date.
The department of arts and culture hopes to have the al...
The eight-year old Game shopping complex in York Street in the George CBD has been sold by the Pretoria-based Moolman Group to ApexHi Properties for R87,5-million.
ApexHi announced the transaction last week in a double deal which saw the purcha...
For the first time in the history of Nelson Mandela Bay, major investment across all forms of transport infrastructure will take place in preparation for 2010.
“At no other time has government invested so much in the infrastructure of our...
Oct 08, 2007: Independent Airports and Aerodromes pose potential 2010TM risk
Many of South Africa’s independent airports and aerodromes remain technically non-compliant and continue to lose out on increasing opportunities presented through either tourism or large events like the upcoming 2010 FIFA World CupTM
Located in Marshalltown, Johannesburg on Anderson, Ferreira and Marshall Streets, Mapungubwe is positioned down the road from Standard Bank Head Offic...
Sol Kerzner is back in SA with big plans to shake-up the tourist industry. Julian Rademeyer spoke to him
Sun king Sol Kerzner is back in South Africa and breaking new ground with a luxury R900-million resort that is being built in Cape T...
Oct 04, 2007: Consani complex is the new jewel
THE development company of Colliers International was perhaps best known for its work in the retail arena of the property sector, having developed among others, the 56 000sq m Lakeside Mall in Benoni and 49 000sq m Riverside Mall in Nelspruit (in the Cape...
The Alliance Group's CEO, Rael Levitt, says there is a huge demand for parking space, so an investment in it is a great option, without the risk, cost and bother associated w...
The remaining space has been taken up by a variety of tenants at current rentals of R85sq m, signaling the completion...
Oct 04, 2007: RBA announces interim results
The affordable housing company RBA Holdings Limited (RBA), which recently listed on the JSE's alternative exchange (AltX), announced their interim results for the six month period ended 30 June 2007.
"Big three" property syndication firm ditches current business model, merges with fund manager.
One of South Africa's "big three" property syndication companies will challenge its competitors wit...
Oct 02, 2007: Firm buys George retail project
Property group ApexHi (API) has bought the Game Gardens retail development in George for R87,5m and at the same time sold its Rivonia Square mall for R196m, it said on Monday.
The 11,000sq m retail development has an initial yield of 10,27% be...
The Public Investment Corporation Limited, on behalf of the Government Employees Pension Fund, will subscribe for 10...
Oct 02, 2007: The Blip that was once Boston
Not only are students and investors trickling steadily into Boston, but so are professional people looking for affordable premises out of which to operate their businesses and practices
Once a small blip on the radar of Cape Town buyers, the li...
Construction is one of the hot investment themes, underpinned by solid fundamentals, such as Government's planned capital expen...
Oct 01, 2007: Tech is biggest property issue
After discussing the impact that economic and social drivers have on the property market in South Africa, property economist Francois Viruly of Viruly Consulting takes a look at how technological factors affect it. By Kara Michaels
Oct 01, 2007: ApexHi Acquires Retail Property in George, Sells Rivonia Square
ApexHi has purchased the 11,000m2 Game Gardens retail development in George for R87,5-million at an initial yield before gearing of 10,27%. At the same time, ApexHi has sold its Rivonia Square shopping centre to Sharemax for R196-million at an 8,2% yield
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