A dedicated division specialising in real estate investment solutions for businesses and government departments has been launched by Old Mutual Investment Group Property Investments (OMIGPI).
Tougher business conditions have a positive side for property loan stock distributions.
Despite adverse market conditions, property fundamentals should remain fairly strong and unitholders can expect reasonable grow...
Jun 25, 2008: Gauteng roads get R70bn injection
Government will be spending R70bn to upgrade and improve some road networks in Gauteng through the Gauteng Freeway Improvement Project (GFIP).
Speaking during the sod-turning ceremony which marked the launch of the project in Isando in Johannes...
This is set to be the first store of its kind in a central business district and its success could herald ...
Jun 25, 2008: Winelands to be boosted
The Cape Winelands council has launched an economic advisory council, the first such creation in the country to help the district turn itself into the "Silicon Valley" of South Africa.
Executive Mayor Clarence Johnson described his ...
Jun 25, 2008: These Jhb office rentals boom
While the SA economy is under pressure on a wide front, office rentals in the decentralised areas of Johannesburg are a ray of light.
Erwin Rode, property valuer and economist from Rode & Associates, says it appears as if these areas are pa...
Jun 25, 2008: Project on track for rail revamp
Cape Town is poised to follow international trends set in cities like London where the underground forms the backbone of the public transport infrastructure.
It was with this thought in mind that Salt River Junction, which is due for completion...
All over the country businesses are moving away from traditional city centre offices and setting up shop in decentralised commercial nodes that...
Jun 23, 2008: New CT hotel to be developed
Funding of R105m has been provided funding for the development of the new St George's Mall Holiday Inn hotel in Adderley Street in Cape Town.
The three star hotel, which has commenced trading, comprises 175 rooms, a restaurant and a bar, as we...
A NEW R600m office tower is to be built in the Sandton central business district.
Brokers Broll Property Group says Alice Lane...
Jun 23, 2008: Civil construction confidence drops
THE Green Building Council of SA, which has attracted 20 paying members including several high-profile property players, will launch a pilot “green star” rating system for offices next month for public comment.
Executive chairman Br...
Jun 23, 2008: New law will govern building professions
Thoko Didiza, the public works minister, has tabled a bill in Parliament which scraps seven pieces of legislation passed in 2000, which aimed to regulate building professions.
Take Graham Alexander, for instance. Starting as a commercial broker in Bellville in 1987 Alexander worked for various commercial broker...
Jun 20, 2008: Commercial Property an Inflation Hedge
Despite the high interest rate environment, there is an investor demand for direct commercial property as a result of its income growth potential, reports Carl von During, Director of Investment Property Sales at Broll Property Group.
Von Durin...
Jun 20, 2008: Expats invest in property for 2010
South Africans overseas are investing their Pounds and Canadian Dollars on guesthouses back home in anticipation of a 2010 boost in the hospitality industry.
Executive director of Pam Golding, Richard Day, said they have "recognised there ...
The Victoria and Alfred Waterfront, Sea Point Pavilion, Green Market Square and the Adelphi Centre are all within a 5km radius of the property.
This se...
Jun 20, 2008: Canal Walk to get six retail hives
Six separate retail hives covering a total area of 16,000sq m is being built at the Canal Walk shopping centre in Cape Town at a cost of R250m.
The development is undertaken by Madison on behalf of Hyprop, which has a stake of 80%, and Ellerine...
Inframax Investments has acquired 354 Voortrekker Road in Maitland, Cape Town - a double storey warehouse, retail and office complex with 1,253sq m of floor s...
Jun 20, 2008: Tulbagh to get R1bn wine estate
The historic town of Tulbagh in the Western Cape is set to become the centre-piece of South Africa's own Napa Valley – the US's most successful wine-producing region - with the launch of a R1bn wine estate on the slopes of the neighbouring Witzenber...
Jun 18, 2008: R30m Dbn industrial property sold
A property in the industrial park complex near Durban has been sold for R30m providing an indication that the industrial real estate market in the Greater Durban area is still buoyant.
The property, in the Cedar Park section of the Riverhorse I...
THE outlook for SA’s manufacturing sector was “grim”, with soaring inflation, rising interest rates, waning demand and business confidence sliding to a seven-and-a-half-year low in th...
Jun 18, 2008: Office rentals ‘holding up’
OFFICE and industrial property rentals could soften if SA’s economic slowdown lasts longer than the market generally expects, industry experts said yesterday.
The office and industrial property markets are steaming ahead at the moment wit...
SOUTH AFRICAN property investors have to start investing in the rest of the continent becau...
Jun 12, 2008: 2010 Stadia costs soaring Two years ahead of the opening match at the 2010 Soccer World Cup, organisers in South Africa are having to dig deeper into their pockets to match the soaring costs of constructing the tournament's stadiums.
Organising committe...
Jun 12, 2008: Groups oppose expropriation bill A dozen rightist and mainly Afrikaner organisations have decided on joint action against the expropriation bill currently progressing through parliament.
The groups have named five individuals to decide on what action to take a...
Jun 12, 2008: Groups oppose expropriation bill A dozen rightist and mainly Afrikaner organisations have decided on joint action against the expropriation bill currently progressing through parliament.
The groups have named five individuals to decide on what action to take a...
Jun 12, 2008: CT developments in line for awards Four recent developments at Cape Town's Century City were selected as finalists in the 2008 Sapoa Awards for Innovative Excellence in Property Development.
The finalists include the Liberty Life Regional Offices which were comp...
Jun 12, 2008: Nedbank wins leave to appeal ruling of liquidation fraud
Pretoria - Nedbank has been granted leave to appeal against a high court judgment that found "overwhelming evidence" of fraud or collusion between the bank and joint liquidators of a property development company.
The farm is located just off the R45 between Paarl and Franschhoek, bordered by the wor...
Jun 10, 2008: R27m for new Alrode complex A new warehouse and workshop complex is being developed in Jhb South's Alrode for a national truck distributor at a cost of R27m.
The Barrow Group's successful empowerment associate, Makhudu Barrow Singh has been awarded the co...
Jun 10, 2008: Development boost in WC's Atlantis
Formerly an apartheid government dumping ground for forcibly removed people, Atlantis, on the northern edge of the Cape Town Metropole, has suffered high unemployment and poverty despite being zoned for industry. But with the City proposing a future devel...
Situated at Unit 9 within Montague Park in Stella Road, within Montague Gardens, the property is currently vacant. It compr...
Jun 05, 2008: Jhb development scoops award
The Turbine Square development in Newtown, Johannesburg, claimed first prize at the 2008 South African Property Owners Association (SAPOA) awards for its innovative achievement in property development.
BEN Kodisang, the new president of commercial property association Sapoa, says he wants to be remembered for helping to raise the level of skills in the property industry.
That's according to new research by CBRE (CB Richard Ellis), which puts London's West End in slot one as the world's most expensive ...
Jun 04, 2008: Centre to improve building skills
The newly launched construction skills training centre in Midrand is to address the skills shortage in the construction industry ahead of the 2010 FIFA World Cup.
In light of increased infrastructure developments ahead of the World Cup, the Dev...
South African property investors have to start investing in there rest of the continent because there are "major opportunities being overlooked", says Wayne van der Vent, head of property investments at the Public Investments Corporation.
A NEW R123m industrial property known as Racecourse Gardens is being developed by Old Mutual Investment Group Property Investments to meet continuing demand for large industrial space in Cape Town.
The development, on Racecourse Road in Milner...
Jun 04, 2008: Berea office-res conversion promises development profits
ApexHi is expecting to realise development profits of R19,5-million for the sale of Berea Lofts – 133 sectional title residential bachelor apartments which were converted from 7,000m2 of commercial office space
ApexHi MD David Rice says t...
Jun 03, 2008: CT to get R700m mixed project
A mega R700m mixed-use development is being developed on a prime canal fronting site at Century City by the Rabie Property Group.
Crystal Towers includes a 180 room five star hotel, associated boutique restaurants and retailing, 90 luxury apart...
Jun 03, 2008: Commercial building inflation up
South Africa's commercial building costs inflation rose to 14,6% year-on-year (y/y) in the first quarter of 2008 from 9,9% y/y in the fourth quarter of 2007, new data showed on Tuesday.
The FNB Q1 Commercial Property Finance Commercial Buildi...
A Shoprite Checkers store and other national retail shops will soon be open to residents of Burgundy Estate and t...
Jun 03, 2008: WC offices nearing completion
The final phase of A Grade offices in De Beer Avenue, adjacent the Somerset Mall regional shopping centre in Somerset West, is nearing completion.
Construction of the R145m development began in 2004.
