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Feb 25, 2008: Improve commercial property's value
Commercial property investors must be aware of what is required to maximise all aspects of a property's value over a period of time before deciding to sell.
This is according to Tony Bales of Bales Delaporte, who says that investors often make...
Feb 25, 2008: SARS closes up tax loophole
A recent amendment to the Companies Act (1973) could help eliminate one of the loopholes in the current tax structure, that previously enabled buyers to avoid paying transfer duty by taking ownership of a property through a company.
Over the course of the year, the company's leasing specialists negotiated 88,000m2 of leases across KwaZu...
Feb 25, 2008: SA Corporate enjoys 19% increase in distribution
SA Corporate Real Estate Fund which was reshaped in 2007 into the country’s third largest listed property fund through acquisitions of R4,7 billion, has beaten its distribution forecast for the year
A final declaration of 15 cents a unit ...
Feb 25, 2008: Opportunity in Cape Town
The opportunity to purchase on auction retail-office space at 50 Buitenkant Street, is expected to arouse interest among those seeking to capitalise on the surge of activity in the area
The rejuvenation and development of both commercial and residenti...
Cape Town’s Southern Suburbs will soon have a spectacular new R60 million flagship Virgin Active Health Club of some 4,400m2, served by 300 dedicated parking bays and developed by one of South Africa’s pre-eminent property develope...
This is the last opportunity for the public to provide input in the finalisation of the IZS, which is aimed at controlling land use an...
Feb 21, 2008: CT office demand trumps supply
Until such time as new office developments come on stream, the Cape Town office market will be like a "pressure cooker" as demand outstrips supply.
"The latest SAPOA Office Vacancy Schedule confirms that office vacancies through...
Feb 21, 2008: Knysna River Reserve gets go ahead
The Minister of Environmental Affairs and Tourism Marthinus van Schalkwyk has given developers the green light to commence with the Knysna River Reserve (KRR) development, which will include a variety of accommodation options.
This comes after ...
Feb 21, 2008: Billions for industrial policy plan
The trade and industry department will received an additional R2,3bn from the budget to support the national industrial policy framework over the next three years
Tax incentives worth R5bn over the same period have been allotted for industrial ...
Diversified investment pan-African investment group Lonrho Plc has been awarded the redevelopment and subsequent management contract for the 250-room Karavia Hotel in Lubumbashi by the government of the Democratic Republic Of Congo (DRC), it said on
Feb 19, 2008: 'Immense progress' on Gautrain
Johannesburg - Gauteng residents can expect an upgrade on roads, public transport, and there has been "immense progress" on the Gautrain, Gauteng Premier Mbhazima Shilowa said in his state of the province address on Monday.
"Immense pro...
Feb 19, 2008: Share earnings rise for Group Five
South African construction group Group Five (GRF) on Monday reported a 45% rise in fully diluted headline earnings per share to 145 cents for the six months ended December from 100 cents a year ago.
Situated in a popular holiday village to the sou...
Feb 18, 2008: National Property Company achieves AAA Empowerdex rating
Leading national property solutions company, Hermans & Roman, has been awarded the AAA rating by Empowerdex, an independent agency that verifies organisations’ contribution to Black Economic Empowerment (BEE). This is a significant achievement i...
Feb 18, 2008: Design award for clothing campus
Award winning architecture and design firm Don Albert & Partners is set to receive the Corobrik South African Institute of Architecture (SAIA) Award of Merit for the design of the Proud Heritage Clothing Campus in Briardene on 16 February 2008 at the ...
THE days of the historical gentlemen’s club will be remembered when the old Union Club building in Bree Street, Johannesburg, comes up for auction later this month.
Sir Abe Bailey was the founding member and first and only presid...
Striking workers at the Mbombela stadium will return to work on Monday while they wait for a response from the CCMA, the National Union of Mineworkers said on Friday.
Spokesman George Ledwaba said the strike had not been applied for and was the...
South African construction group Group Five on Monday reported a 45% rise in fully diluted headline earnings per share to 145c for the six months ended December from 100c a year ago.
An interim dividend of 45c per share was declared, up from 30...
ASSET sales and services company the Alliance Group will offer an attractive seafront property at its auction next month.
On offer at the March 6 sale will be 1300m² of elite mixed-use property on Main Road, Camps Bay. The property has al...
Feb 14, 2008: Company will mould its display
The Building and Finishings trade Expo 2008 is taking place at the Bellville Velodrome on 8 and 10 April, and a lightweight moulding company is taking part as one of the many exhibitors.
The company and the product sprung from its innovative us...
According to Andrew Schaefer, managing director of the Trafalgar Group, this bullish trend continued through 2007, and should continue in the short to medium term.
Feb 14, 2008: Property correction hits 'recession-proof' Liberty
Liberty International posted a 5 percent fall in net asset value on Wednesday as a swift correction in UK real estate yields hit the firm broadly seen as Britain's most recession-proof property company
Retail sales fell an annual 0,5% in December after a 0,2% decline in November — which was revised down from an earlier estimate of 0,2% growth, Statistics SA said yesterday.
The sector is the economy’s third-biggest, and news...
Feb 13, 2008: Claremont CBD keeps momentum
PGP’s MD for the Western Cape metro region, Mick Joyce, says more than R1 billion rand is being spent on new developments in the Claremont CBD, including residential, hotel and commercial ventures, as well as a major transport overhaul which will se...
Dubai World’s recent move into Africa has necessitated expansion of its staff complement in the Cape Town office. It’s investment arm Dubai World African Services (Pty) Ltd. has already experienced phenomenal g...
Feb 13, 2008: Listed funds get real
Property shares appear to be settling around 15% below their level of late last year, disconnecting from the recovery in the overall JSE
Average forward yields have risen to around 8,5%, about the same as the R157 long bond, and most investors ...
Feb 13, 2008: New focus on ‘green building’
The newly established Green Building Council of SA says it believes that the electricity supply crisis is probably the 'biggest promotion for green building that we can get'
THE electricity supply crisis is giving developers an incentive to adopt &ldq...
GROWTHPOINT Property Fund is bringing the newly renamed MontClare Place to market.
This comes less than a year after acquiring the former Paramount Towers in Cape Town’s Claremont node as part of its acquisition of Paramount Property. ...
Feb 12, 2008: Listed funds get real
Property shares appear to be settling around 15% below their level of late last year, disconnecting from the recovery in the overall JSE
Average forward yields have risen to around 8,5%, about the same as the R157 long bond, and most investors ...
Feb 12, 2008: Good time to buy cash flow
With share prices of property stocks down around 15% over the past month, the income yields available on some counters have now breached 10%
A year ago, listed property investors would have had to be satisfied with an income return of a rather ...
Should landlords, body corporates pay for generators? Property experts give pointers.
South Africans have woken to the realisation that power shortages are here to stay.
Managing agents and trustees of ...
Feb 12, 2008: New parking system for Tyger Valley Shopping Centre underway
On 9 February 2008, Tyger Valley Shopping Centre commenced the installation of an upgraded parking payment system. The system promises shoppers improved technology, offering ease of use, improved coin acceptance resulting in fewer frustrations and quicker...
GOLD Reef Resorts CEO Steven Joffe says the Securities Regulation Panel (SRP) has written to him, asking him to explain his sale of single stock futures while the company was in negotiations that might have resulted in it being sold.
JOBURG’S rapidly growing maze of cluster and townhouse complexes has sparked a standoff between the council and high-flyers at the Gauteng legislature.
Fed up with the Gauteng Development Tribunal’s authority to overturn rejected ...
In the building industry? Then you’ll want to be seen at the brand new “Building and Finishings Expo” from 8 to 10 April 2008 at the Bell...
Feb 08, 2008: Transport plan to impact property
Never mind Gautrain's impact on property prices in Johannesburg. Stand by instead for the even greater, mainly positive impact of the metro's updated Integrated Transport Plan (ITP).
This plan is basically about providing 300km of public bus t...
Feb 08, 2008: Owner occupiers eye CT development
A mixed use development in Cape Town's burgeoning northern suburbs is seeing a growing trend towards owner occupiers seeking to purchase their own office accommodation.
"While these were previously predominantly investor purchasers, we now...
The custom-built, state-of-the-art facility is being developed on a high visibility site across Century Boulevard from the recently completed Colo...
Feb 08, 2008: Public outcry stunts rural building
A major difficulty in developing any sort of built structure in South Africa's rural areas is that there will usually be strong emotional reactions to the proposals made.
This was said recently by Clive Venning, chief executive of the Boschenda...
The 8.9 per cent writedown is the largest fall in asset va...
Feb 08, 2008: Resilient diluted EPS 327.43c vs 266.95c
'The strategy of investing only in dominant centres in target markets placed Resilient in a strong position to continue this performance in a challenging macro economic and retail trading environment'
DIVERSIFIED Property Fund’s distributions rose 14,6% for the six months to December after a positive performance from its industrial and retail property portfolios.
The property loan stock company said that demand for space in its portfo...
Feb 06, 2008: Property fund takeover looming
Property fund Pangbourne (PAP) may be interested in buying rival fund Siyathenga Property Fund (SYA), the two companies said on Tuesday.
"If Pangbourne's interest results in a firm intention to make an offer to Siyathenga unit holders, a...
Feb 06, 2008: R1,1bn gas station to be built
South African petrochemicals giant Sasol (SOL), iGas and Companhia de Mocambicana de Gasuduto, as joint partners in the Republic of Mozambique Pipeline Investment Company (ROMPCO), on Tuesday announced construction of a R1,1bn gas compression station.
Eastern Cape farm land is fetching record prices and then being converted into tourist resorts, game farms and even used for holiday getaways.
While sales around the rest of the country lag and residential property sales plummet, thanks in part...
Feb 06, 2008: R2.6 billion PPP to build 14 700 houses in Ekurhuleni
Nedbank Corporate Property Finance's Affordable Housing Division has announced the funding of a R2.6 billion public private partnership between itself, the Ekurhuleni Department of Housing, and Calgro M3 Holdings Limited
OFFICE vacancies in Cape Town are so low that the office market is becoming a “pressure cooker”, as demand outstrips supply, according to Baker Street Properties.
Dave Russell, director of Baker Street Properties, says the latest ...
Feb 04, 2008: Winelands agri property in demand
A leading South African property group has established an agriculture branch in Paarl to focus specifically on agricultural property, and say that there is still strong interest in this sector.
Allegations of skulduggery and the withholding of crucial information by Gold Reef Resorts chairman Maxim Krok have collapsed a R9,83bn private equity buyout of the company.
It is understood that the private equity consortium — made up o...
JSE-listed Madison Property Fund Managers, the developers of the R300m Convention Tower office building in Cape Town, said yesterday that tenants in the fully let building were busy taking occupation.
The property, which boasts the most expe...
Feb 04, 2008: Parking income boosts ApexHi performance
ApexHi Properties Limited’s strategy to employ specialist skills to boost parking revenues in the R9,2-billion portfolio is paying off, with gross parking revenue showing an overall improvement of more than 22% after only six months
