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Nov 29, 2007: Green Point Stadium milestone reached with roof tender
The contract for the roof of the new Green Point Stadium, worth some R430 million, has been awarded to Birdair Pfeifer a joint venture between an American company, Birdair, and a German company, Pfeifer. Birdair Pfeifer will be a sub contractor to the mai...
Nov 29, 2007: Church pays R16,5m for Dbn building
The church of choice for many celebrities including Tom Cruise, the Church of Scientology has purchased a landmark property in Durban's Morningside for R16.5-million.
Previously the site of the Gordon Road hotel and most recently operating as ...
Nov 29, 2007: SA property will evade debt crisis
Man-in-the-street talk about the possible impact of the United States sub-prime debt crisis on the South African economy - and the South African property market in particular - has been largely uninformed and sometimes dangerously wild.
The leading office nodes in Pretoria are Faerie Glen, Nieuw Muckleneuck, Brooklyn-Waterkloof and Menlyn, says Rode's Growth...
Nov 29, 2007: Companies still wary of townships
The launch of two large shopping centres in Soweto – Jabulani and Maponya – focuses the attention on commercial property investment in townships and rural areas, but listed companies are still wary of previously disadvantaged areas.
THE South African commercial property industry need not be too concerned about growing foreign investment in the sector because there is enough local investor interest to keep it buoyant, property econom...
DURBAN — The R270m investment by Pep Stores into a 65000m² warehouse facility in Prospecton, south of Durban, doubled the clothing group’s warehousing space in KwaZulu-Natal.
...
Nov 27, 2007: West Coast mall due to expand
Construction has begun on the new West Coast Mall that is scheduled to open in Vredenburg on the Cape West Coast in March 2009. The R365 million project is being developed by Retail Africa and promises to bring a boost to economic growth in the West Coast...
Nov 26, 2007: 2010 property impact will be muted
As 2010 Soccer World Cup fever continues to mount, South Africa may be wise to temper its expectations as Germany comes to the realisation that the event was not the pot of gold predicted.
That's the only conclusion to be drawn from a report ...
Nov 26, 2007: JSE funds set sights on housing
Property funds listed on the JSE could start adding residential stock to their portfolios, as commercial property investment opportunities start to dry up.
That is one of the sentiments raised at the IPD/Sapoa Property Investment Conference he...
Nov 26, 2007: New communication service offered
Ready-to-connect telecommunications services are a key differentiator in the property market, especially in new developments, such as security complexes, golf estates, shopping centres and business parks.
Six banks and an indoor cricket stadium were among the special properties that made up the roll at the well-attended multiple auction held by Alliance Group on Wednesday.
“Attendance was unbelievable and there was almost a mini- bidding ...
A limited supply of light industrial space in the growing seaside town of Jeffreys Bay has seen a huge demand for space in the Loodspark Industrial Park development.
The 32-unit development is planned for the main business centre of the town, w...
Nov 22, 2007: Whole of WC estate acquired
The new owners of Boschendal have completed the second phase acquisition of Boschendal lands in the Western Cape while awaiting planning approval for their initial property developments.
The latest acquisition increases their investment to ove...
These investors bought commercial properties when interest rates were lower, but are now feeling the “squeeze”, say some market commentators...
Nov 22, 2007: Hyprop is top retail property firm again
Hyprop Investments, the blue-chip property group, emerged the overall winner in the retail property category at this year’s Financial Mail Property Investment Awards
Listed property unit trust Fountainhead Property Trust, formerly Graypro...
Nov 22, 2007: Lack of stock ‘a snag, not foreign investors’
THE South African commercial property industry need not be too concerned about growing foreign investment in the sector because there is enough local investor interest to keep it buoyant, property economist Francois Viruly says
The more importa...
Nov 20, 2007: Business property in EL gets boost
The recent relaxation of residential zoning laws in parts of Bonza Bay Road in Beacon Bay, East London, is making it possible not only for businesses to operate there but also for business owners to buy, rather than rent, their premises.
And th...
Nov 20, 2007: Build material firm to list on AltX
Heavy building materials supplier Buildworks Group (BWK), which seeks to list on the JSE's AltX on Wednesday November 28, plans to raise R50m via private placing of as many shares at R1 each, it said on Monday.
The Gauteng-based company wi...
Nov 20, 2007: Sizeable CT stand on auction 29/11
A sizeable erf of vacant land situated in Protea Heights in Brackenfell - in Cape Town's rapidly growing Northern Suburbs - comprising 4,513sq m zoned for commercial (business zone II) use is to be auctioned at 11:00 on site on Thursday 29 November 2007. ...
Nov 20, 2007: Luxury hotel to open in Soweto A four-star hotel was due to open on 1 November at Freedom Square in Kliptown, giving tourists the option of luxury hotel accommodation in the biggest township in the country, for the first time. By Emily Visser
More than 50 y...
Nov 19, 2007: 70% of CT retail project assigned
Twelve months prior to the handover date, 70% of the retail space at a R500m Big Bay coastal development (20 km north of Cape Town) has already been allocated.
The first tenants will be moving in towards the end of 2008.
In a small but elite auction, six quality properties came under the Bidline hammer at Inanda Country Club on Tuesday.
“There was a lot of interest in the lots on offer and the prices fetched were much what we expected. Interest rate...
Nov 19, 2007: Bureaucratic bottlenecks block development
IT MAY be coincidence that approval for Tongaat Hulett’s flagship Umhlanga Triangle development came through exactly 96 days after KwaZulu Natal premier Sbu Ndebele promised planning bottlenecks would be “finalised within a maximum period of t...
The Nelson Mandela Bay municipality and the 2010 World Cup local organising committee have distanced themselves from any possible mediation bid to avert a strike at the Port Elizabeth stadium.
The municipality, the custodians of the North End s...
Nov 19, 2007: Property Unit Trusts look to invest offshore
The local property market has seen four years of exceptionally good growth. As the performance levels start to taper off, Property Unit Trusts (PUTs) are looking at offshore markets with a view to both diversifying their holdings and adding to returns
Staying out of JSE-listed property companies has proved to be a poor decision for unit trust managers like Marriott. What’s more, property bears could keep taking punishm...
South Africa’s big property owners, on the other hand, are hoping to attract more interest from international buyers. The argument in favour of greater foreign ownership includes that it would be good for commercial and industrial prices ...
LISTINGS of housing development companies that focus on affordable and low-cost housing appear to be on the rise, and property commentators welcome this trend in the light of strong demand for housing ...
Nov 13, 2007: Commercial property gets the break we’ve been waiting for
SARS has finally accepted that buildings and other permanent structures depreciate in value due to their limited useful life. Therefore, no reason exists for the tax system to wholly exclude commercial buildings from potential tax write-offs for depreciat...
Nov 12, 2007: Retail returns to slow down further
After a mild slowing in overall commercial property returns from 30,1% in 2005 to 26,7% in 2006, it is possible that we may have a slight further slowdown in what remain strong returns.
This expectation is on the back of a short-term slow...
Nov 12, 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.
...
Nov 12, 2007: Commercial property gets the break we’ve been waiting for
SARS has finally accepted that buildings and other permanent structures depreciate in value due to their limited useful life. Therefore, no reason exists for the tax system to wholly exclude commercial buildings from potential tax write-offs for depreciat...
Nov 08, 2007: Rivonia to become more commercial
The Rivonia property market has entered a new phase which will leave it more commercialised with greater densities and a much changed residential character.
"We are seeing the beginning of the process with the active sale and refurbishmen...
The second phase of the upgrade of Govan Mbeki Avenue, between Donkin Street and Russell Road, will go ahead as money has been secured for the project.
The Mandela Bay Development Agency has been granted about R25-million by the municipality.
Nov 08, 2007: ApexHi forced to evict Deeds Office after Court Ruling
Landlords around the country will be celebrating yesterday’s judgement by the High Court in Johannesburg, in which it was made clear that the property rights of landlords in the private sector will be protected and that the Constitution is paramount...
Nov 06, 2007: PE adds retail to economic drivers
Long defined and massively financed by its manufacturing, automotive and tourism sectors, Port Elizabeth is adding another string to its economic bow, namely retail.
According to Marios van Dongen, chairman of the Eastern Cape branch of the Sou...
Nov 06, 2007: Jhb sect. title owners get a say
Individual sectional title property owners in Johannesburg and parties involved with sectional titles have the chance to discuss issues around the new draft rates policy and valuation rolls with city officials.
"Situated in Vioolbaai Close, Vioolbaai Villas guest house offers four individual self-catering cottages at R3,2m for the entire package," says Colleen S...
Mini-factories varying in size from 350sq m to 800sq m are being developed.
Pat Witherow, senio...
Nov 05, 2007: Premium delivers growth of 20.2%
Premium Properties Limited recently announced a distribution of 40,5 cents per linked unit for its six-month interim period to 31 August 2007, representing a growth in interim distributions of a noteworthy 20.2% (2006: 33,7 cents per linked unit).
Nov 05, 2007: Landmark Cape hotel on sale
This small, luxurious and privately owned boutique hotel Sugar in Cape Town's Green Point area is on the market at R15,75m. The hotel is set on the main boulevard between the city and Sea Point, with views across the V&A Waterfront to the ocean. ...
Nov 05, 2007: Rms for CT from property disposal
The City of Cape Town hopes to make about R100-million through its programme of putting unused municipal land out to tender, according to Simon Grindrod, the mayoral committee member for economic, social development and tourism.
COMMERCIAL property developers are starting to build up their own property portfolios, seeing value in holding on to properties instead of selling them in advance to reduce risk. <...
THE construction of a 1500-seater convention centre on East London’s beachfront is set to begin next Thursday, as phase two of the Premier Hotel Regent on the East London Esplanade gains momentum...
A highly sought-after property, zoned for industrial use, has become available under sectional title or on lease in Hammarsdale, an area between Durban and Pietermaritzburg .
