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...
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.
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.
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 ...
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...
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.
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.
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...
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.
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.
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.
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%.
