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Apr 30, 2008: Cities under growing pressure
Worldwide urban populations are expected to double within 10 to 15 years, presenting threats and opportunities, city planners said at the recent Planning Africa conference.
Urban planners from 26 Commonwealth countries met in Sandton to debate...
Apr 30, 2008: CT building sold for R39m
A prime three-storey, sea-facing commercial building on the elite Mouille Point Atlantic strip was sold for R39m on Thursday.
While the bids jumped rapidly from R10m, after the starting bid of R30m met with no response, the last bids came in in...
Apr 30, 2008: EC shopping centre to open soon
Eastern Cape Premier Nosimo Balindlela will on Thursday officially open the multi-million Rand Mdantsane Shopping Centre, the second largest mall in the entire province.
Balindlela and Billion Group chairman Sisa Ngebulana will be joined by tho...
Apr 30, 2008: Shop centres still bank on spending
While statistics reveal that retail sales growth has slowed - to an annual 1,5% in October 2007, the lowest in almost five years – shopping centre owners and developers continue to bank on the South African consumer's steadfast desire to spend.
This upmarket six storey building comprises mainly prime office accommodation with retail space on the ground floo...
Apr 24, 2008: Malls and offices still coining it
The performance gap between commercial and residential property has widened significantly, latest data about the various sectors of South Africa's property market shows.
While investors were still spinning profits of close to 30% last year on ...
Apr 24, 2008: Bellville site to be redeveloped
The strategically sited SA Nylon Spinners site at Bellville Industria, which is made up of two land parcels (one of 1 hectare and one of 2,7 hectares), will be redeveloped.
The plan is to redevelop the site for a single tenant or multiple tena...
Apr 24, 2008: Gautrain noise won't disturb
Pretoria residents living adjacent to the Gautrain route should not be concerned about the level of noise as construction on the Gautrain intensifies in the area.
In a statement issued on Wednesday, Bombela Concession said residents of Pretori...
Apr 22, 2008: Emira securitises its debt
Emira Property Fund has recently replaced 650 million rand of bank-sourced debt with funds raised in the debt capital market, thereby bringing down its cost of borrowings significantly, it said on Thursday.
Apr 22, 2008: Octodec interim distribution to investors is up by 14.1%
Octodec Investments Limited has announced a distribution of 61.6 cents per linked unit for its six-month interim period to 29 February 2008, representing a growth in interim distributions of a noteworthy 14.1%
In 2007 the distribution was 54 ce...
Apr 22, 2008: Lonrho to develop Angolan port
Lonrho Plc, the conglomerate with a structured portfolio of African investments, has announced that it has signed an agreement with Enditrade Logistica Integrada Sarl to establish a $9m new logistics centre and bonded dry port in Luanda, Angola
Apr 21, 2008: Firm manages 2 more WC properties
A property management firm has expanded its areas of property management in the Western Cape through the recent securing of two new property management contracts in Camps Bay and Beaufort West.
Spire Properties secured the property management ...
Apr 21, 2008: CBD rentals show robust growth
Capitalisation rates — the property equivalent of the forward earnings yield of shares — have remained put despite a deteriorating inflation and interest rate outlook.
This is according to the latest Rode's Report on the South ...
APEXHI Properties will spend R1bn between now and next year to refurbish its properties.
MD David Rice said on Friday the refurbishment would enable the group to improve its tenant mix at its retail centres, an objective ApexHihad been con...
SA’s biggest property owner and user, the national department of public works, is drawing fire over a controversial plan to favour 100% black-owned property companies.
The property market has cooled down, but interest remains strong as could be seen from the large attendance at the Alliance Group’s multi-pr...
Apr 21, 2008: Ramshackle revival
Regenerating Jo’burg’s inner city was always going to be complicated. Now, even doubters think it may really happen
“Is this your rubble?” Johannesburg mayor Amos Masondo asks the shopkeeper next to a mound of litter on a Wande...
Apr 21, 2008: Various office market themes come through at 1 Sandton Drive
The R500 million landmark offices located at premier address and flagship corporate head office of its owner, leading JSE-listed property holding and investment company, Growthpoint Properties Limited, brings to the fore current development opportunities ...
The entire first phase of this landmark development has been let. The Victorian buildings, used for decades by The Lion Match Company as i...
Apr 17, 2008: Paarl industrial park takes shape
A Cape based company that manufactures wooden windows and doors has signed a five-year lease and moved into 3,000sq m of space at an industrial park being developed in the Paarl area.
Daryl Sher, development manager for this project, said that,...
Apr 15, 2008: CT dealing with derelict buildings
The City of Cape Town is in the process of ramping up its ability to deal with the number of old and derelict buildings that are holding up economic development in the City.
Mayoral Committee Member for Planning and Environment, Marian Nieuwoud...
Apr 15, 2008: Don't mix land reform issues with land ownership
This year's 40th Annual SAPOA Convention aims to pull no punches when it comes to the thorny issues facing property in SA today and a series of panel discussions has been scheduled for the Convention in May to tackle those hard questions
Building industry hits rough seas, but that's good news for many property owners.
Business confidence in the building sector is plummeting, with business conditions far worse so far this year than anticipated by...
Apr 14, 2008: Nigeria to get waterfront project
A leading SA property group has signed a memorandum of understanding with a Nigerian company for a joint venture to create and manage a waterfront development in Abuja, the federal capital.
Ben Kodisang, managing director of Old Mutual Investm...
Apr 14, 2008: Property stocks fall on rate doubts
The South African listed property index (J253) lost 4% last month as investors offloaded stocks on weak global markets and due to uncertainty about the local interest rate outlook, a new survey showed on Thursday.
Listed Property Sector Month...
Apr 14, 2008: Smart Parking provides pay-off
Parking specialist Noel Waddoup of parkSA has saved the First Rand group some R3-million per annum by reconfiguring the parking at First Rand’s head office at Merchant Place in Sandton
Waddoup was commissioned to assess the parking situat...
LISTED property loan stock company Growthpoint Properties had secured R2bn in additional debt facilities to help fund its R4bn development and acquisition pipeline, it said yesterday.
The company said the additional funding was an unsecured ...
The District features strategically positioned offices, showrooms and restaurant areas, located on the perip...
Apr 14, 2008: Emira says it has securitised its debt
Emira Property Fund has recently replaced 650 million rand of bank-sourced debt with funds raised in the debt capital market, thereby bringing down its cost of borrowings significantly, it said on Thursday.
The 650 million rand deal, which was ...
Apr 10, 2008: Property stocks fall on rate doubts
The South African listed property index (J253) lost 4% last month as investors offloaded stocks on weak global markets and due to uncertainty about the local interest rate outlook, a new survey showed on Thursday.
Listed Property Sector Month...
Apr 10, 2008: Fund for retailing in India
The $500m fund will be routed through Mauritius and managed by Property Zone, a joint venture between Old Mutual Investment Group Property Investments SA and ICS Realty Private, India
TO CASH in on the growth of organised retail in India, UK and SA-ba...
Apr 10, 2008: Super Group may sell part of property portfolio
Industrial transportation group Super Group is in 'advanced' talks with an interested party relating to the sale and leaseback of a major portion of its property portfolio Industrial transportation group Super...
GLOBAL market woes and local interest and inflation rates uncertainty continue to dampen the listed property sector, with the South African listed property index losing 4% last month.
Catalyst Property Fund Managers, which releases a monthly l...
A group of prominent Cape Town entrepreneurs has identified the opportunity in the warehousing industry to offer services and facilities to small local wine producers and allied operators.
Real estate experts ponder whether roaring returns can be repeated again by physical property.
Double-digit returns of not far off 30% for last year have left property investment fund managers and other professio...
Apr 07, 2008: Change in Zim will impact property Hopes are high for a peaceful regime change in Zimbabwe – and for the positive spin-offs that it would bring in terms of foreign aid and investment - but a violent outcome will destabilise the region and impact SA's economy and property mark...
Apr 07, 2008: CT warehousing to let
With industrial space in high demand at the Capricorn Business Park in Muizenberg, just south of Cape Town, a premium A-grade industrial warehousing property has just become available to let.
The property is currently tenanted by a logistics co...
Apr 07, 2008: CT to get R300m rail upgrade
Residents in Khayelitsha in the Cape Flats will benefit from a R300m extension of the existing local railway line construction which started recently.
Residents from Makhaza, Harare, Mandela Park and Kuyasa will benefit from the 4,5 kilometre r...
Apr 07, 2008: WC shop centre to be redeveloped
A shopping centre in Atlantis, outside Cape Town, is going to be redeveloped and will add some shopping vigour to an area desperately in need of commercial upliftment.
Pick 'n Pay is the anchor tenant and it is the first time that the retail g...
The industrial property market seems to have sobered up in the first quarter of 2008 after an extremely buoyant year in 2007, says Andy Beddow, director of Baker Street Properties.
THE power crisis has been headline news for weeks. One partial solution to the problem from a design and build point of view is to incorporate energy saving into all new developments.
SA REIT currently owns the two properties which will be consolidated for the redevelopment but intends selling a half ...
Apr 04, 2008: Retailers like new Jhb shop centre
Retailers are seizing the opportunity with gusto to rent space in Melrose Shopping, the new 28,00sq m shopping centre being built at a cost of R1bn in Melrose Arch.
Eleven 7,500sq m rental agreements were signed last week which will see big bra...
South Africans have dreamt of and worked towards the promise of the 2010 World Cup ever since hearing ...
Apr 02, 2008: Property fund gets India deals
The Triangle Real Estate India Fund, established by Old Mutual Investment Group Property Investments (OMIGPI) and ICS Realty of India with the aim of achieving superior returns in the world's fastest-growing economy after China, has secured an investment ...
DURBAN — National ladies’ clothing retailer Miladys has become the latest business to give the thumbs up to the renovated and expanded Lion Match business complex.
Miladys signed a seven-year, R20m lease with the development. <...
SA REIT (formerly Shops For Africa) has been busy since it relisted from the JSE late last year as a new-look, recapitalised property investment and development company with an initial portfolio of 10 properties.
With industrial space in high demand at the Capricorn Business Park in Muizenberg, just south of Cape Town, a premium A-grade industrial warehousing property which has just bec...
Apr 02, 2008: 'Right-sizing': a retail strategy
Right-sizing of both shopping centres and individual retail stores, plus looking for gaps in retail nodes that seem to be fully developed, offer some of the best opportunities for retailers right now, says Mike Lewin, group retail director at Madison Prop...
