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...
