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%.
