The revised date has been announced as a result of changes to the proposed plans announced earlier this year. Nedban...
Jul 29, 2008: CT project gears up with tenders
A Cape Town commercial project has met critical mid-year deadlines relating to the upgrading of the R310 highway, bulk infrastructure and the construction of the buildings themselves.
"We are very pleased to announce that the tender proces...
The backer of the development is Dubai-based Ruwaad Holdings, a subsidiary of the listed Dubai 9. ...
Jul 23, 2008: Bill holds big property risks
Significant risks have been detected for the commercial and industrial property industry contained in the draft Companies Bill 2007, particularly with regard to the Chapter 6 provisions that deal with business rescue.
"The South African Pr...
Jul 23, 2008: New property group targets SA
An independent hospitality, tourism and real estate investment company has been created and is based in Geneva, Switzerland, with regional offices in South Africa and Egypt.
Sovereign Hospitality Holdings has been launched to expand through str...
A MANUFACTURING recession, which some economists have said is a possibility, may have a detrimental effect on industrial property and cause vacancies to increase.
But property pundits say industrial property, which has been the top-performing ...
Jul 21, 2008: MUR earnings up 60% to 70%
Construction group Murray & Roberts (MUR) said on Friday that fully diluted headline earnings per share for the full year to June 30 is expected to increase between 60% and 70% over the comparative result for the previous financial year.
The Foschini store, which covers just over 1,000sq m, will open its doors on 1 November. Ken Schreuder, Foschini's managing dire...
Jul 21, 2008: Build materials firm gets boost
South African construction material manufacturer AfriSam – formerly Holcim South Africa – on Friday welcomed the Public Investment Corporation (PIC), a representative of the Government Employees Pension Fund (GEPF), as one of its shareholders ...
The Langebaan Country Estate falls within the West Coast Biosphere Reserve, an international designation awarded by UNESCO to promote a balanced relation...
Jul 21, 2008: Land reform shouldn't be a %
Land redistribution "should not just be an issue of chasing the percentage", according to Gwede Mantashe, the secretary general of the ANC. He said on Wednesday that the party should not just say we want 30% of the arable land to be distributed ...
It is only 15km from Lanseria and almost 50km or 35 min away from OR Thambo International Airport on a good traffic day.
Jul 21, 2008: It's better to upgrade, refurbish
Refurbishment and upgrade work on existing commercial portfolios would probably be as important, if not more important, as greenfields projects.
So says Mike Ruttell, development manager of Madison Property Fund Managers' property development ...
Jul 21, 2008: Property auction firm expands
The Competition Commission approved a deal whereby the shareholders of a property auction company have sold a 31% stake in the business to financial services group Transaction Capital.
The deal, which values the company at R250m, will see the ...
Jul 15, 2008: Land Bank given to Manuel
In what will be widely interpreted as a slap in the face for the termagant agriculture minister, Lulama Xingwana, President Thabo Mbeki has taken away from her the administrative responsibility for the strife-torn and rapidly failing Land Bank, and given ...
Jul 15, 2008: SA property sector is transparent
In a world arena where transparency is increasingly valued, the SA commercial property sector now holds the 21st position in the Jones Lang La-Selle Transparency Index for 2008.
The index, which is published every second year, includes developi...
Jul 15, 2008: Group Five's earnings per share up
Boosted mainly by two joint venture road contracts totalling R3,5bn announced in May, construction firm Group Five (GRF) expects annual fully diluted headline earnings per share (EPS) to rise as much as 70% to 396 cents per share, it said on Friday. ...
Following the purchase of Spearhead Property Holdings by Redefine Income Fund, part of the Madison Property Fund Managers stable, a property development and leasing division was created under the leadership of Mike Flax. As Executive Director of ...
Hermans & Roman Property Solutions, the black owned property management company with more than R14 billion under management, is rapidly expanding with the appointment of key staff.
Kevin Roman, Group Chief Executive Officer, believes that ...
Holders of listed property company shares have watched in horror as prices have plummet month after month since the latter part of 2007. Not so long ago, this sector was something of a stock market darling, producing marvellous returns for investo...
“DEMAND for industrial-zoned properties is fuelled by developers and investors who are competing to satisfy growing tenant demand,” says William Amerseder of Alliance Group.
On July 23 Alliance Group will take to auction a property...
Jul 09, 2008: FNB Building Confidence Index drops
An index of builders' confidence dropped further in the second quarter (Q2) of 2008, reflecting weakening demand for new houses in the face of a tight interest rate environment.
Released on Tuesday, the FNB Building Confidence Index declin...
Jul 09, 2008: Property sectors tied to each other
Strong growth in office and industrial property demand provides a pointer to where the bold investor in residential property should put his money.
Gerhard Kotzé, CEO of the ERA South Africa property group, says that fundamentally, where...
Jul 09, 2008: Mall owners should be accommodating
Some retail tenants are struggling to meet their contractual rental obligations due to increasing pressure in the retail industry caused by tight economic conditions.
However, owners of shopping centres who accommodate tenants during this very ...
Jul 09, 2008: Regional cement sales fall 1,9%
Cement sales in Southern Africa fell 1,9% year-on-year (y/y) in June to 1,308m tons, data from the Cement and Concrete Institute showed on Monday.
The institute noted that June 2008 sales had one fewer sales day than June 2007 and that if t...
Jul 08, 2008: Property: A low-risk asset class?
For a long time South African investors have been handsomely rewarded for investing in property and many regarded this as a relatively "risk-less" asset class.
The property market has had a poor run and returned negative 20% for the ...
The four-storey building, situated at 21 Aliwal Street, was bought by the Regent Business School, which will move its higher education tuition business into the premises towards t...
The road upgrades alone total an investment of some R2m in the community.
The redevelopment will create a substantially larger two-l...
Jul 03, 2008: CT industrial sites quickly sold
All of the 77 stands for light industries in Brackenfell in Cape Town's northern suburbs were recently sold within 24 hours at a total price of R300m.
These stands cover an area of 10 hectares and forms part of a 25 hectare security development...
This announcement follows the success of similar concepts in Gauteng - located on the Vaal River, Hartebeespoort dam and Vaal dam. This development is scheduled for comple...
PROPERTY loan stock company Vukile should be able to report reasonable growth in distributions in the twelve months to March next year because property fundamentals should remain fairly strong in spite...
Opportunity in uncertainty, reflecting today’s economic climate, is the theme of the sixth IPD/Sapoa Property Investment Conference to be held at The Pavilion Conference Centre at the Victoria & Alfred Waterfront in Cape Town on August 7-8. <...
THE R21 million upgrade of South Africa’s oldest public space, the Grand Parade, has officially begun and Capetonians can look forward to having a significantly improved multi-functional venue at their disposal...
THE high demand for hotel Jul 01, 2008: Jhb suburb to become transport node
Rosebank, an affluent suburb in Johannesburg, is set to become a high density transport node through the latest Rosebank Urban Development Framework.
The project, aimed at maximising the development spin-offs created by the Gautrain project, wa...
RAND Merchant Bank (RMB) has concluded a transaction to introduce a consortium of RMB Properties management, Tiso Group and Royal Bafokeng Holdings (RBH) to a 60% equity interest in its property servic...
Government's PIC has assigned a group of bright young things to manage billions of rands of listed, direct real estate in pension fund assets.
Would you hand R500m worth of real estate to a 25-year-ol...
Jul 01, 2008: U.K. Property Stocks Post Worst Returns in 20 Years
U.K. real-estate stocks had their worst performance in more than 20 years in the second quarter as property values dropped and rents for new office leases fell for the first time in more than four years.
The FTSE 350 Real Estate Index of 23 sto...
Jul 01, 2008: Sapoa Joins Critics of Expropriation Bill
AN UMBRELLA body representing more than 900 large commercial and industrial property owners added its voice yesterday to criticism of the government's draft expropriation law, which it said could damage efforts to attract domestic and foreign investment.<...
Jul 01, 2008: Mutual Provides Corporate Solutions
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).
“Corporate South Africa has R600 billion in pr...
Jul 01, 2008: Mayco Rejects Freeze On Property Leasing
The city's mayoral committee (Mayco) has rejected a request from the city's planning department for a year-long freeze on applications to lease council property, due to a backlog in managing its lease portfolio valued at R3,4-million a month.
