Nov 28, 2008: Robust times for Massmart RETAILER Massmart yesterday issued an upbeat trading update, telling shareholders total sales in the first 21 weeks of the 2009 financial year were up by more than 13% and undertaking to keep an eye on co...
Nov 28, 2008: Century City Second to Cape Town's CBD THE Century City office market, which has almost tripled in size to more than 200 000 sq m in the past four years, is now the fourth largest office node in the Western Cape and within a year will move int...
Nov 26, 2008: Murray & Roberts feels credit squeeze MURRAY & Roberts, one of SA’s big four construction companies, said yesterday it had delayed or suspended some of its projects as some clients experienced cash-flow problems in the global credit...
Listed property group makes a loss, but says this is no surprise and profits are round the corner.Quantum Property Group Limited (QPG) which listed on Johannesburg AltX in October has reported a net lo...
Nov 26, 2008: Major Cape development for BEE firm KAGISO Property Holdings, through its development arm Kagiso Property Developments, views the De Beers precinct @ Paardevlei as an opportunity to expand into the Western Cape, even though the general econ...
OFFICE vacancies have been at a record low, but are likely to rise because of poor economic conditions, analysts say.Nov 24, 2008: City Lodge takes off at airports
The Airports Company of South Africa (Acsa) has awarded the City Lodge Hotels group the tender to operate three new hotels at OR Tambo International in Johannesburg and at the Bloemfontein and Port Elizabeth...
Johannesburg - Construction firm Group Five (GRF) is confident it will meet its double-digit earnings growth target, despite mining houses cutting back on expansions, and concerns that South Africa may...
Nov 24, 2008: CIREF delays projects after R400m loss UK-BASED property fund CIREF, which has a significant South African shareholding, reported a net loss of more than R400m in a depressed UK property market. The c...
With the end of a turbulent and unforgettable year fast approaching, property investors will be sitting down and asking themselves “where to for commercial property in 2009?”<...
Nov 21, 2008: Buy your own Tequila factory
A local auction house will sell what is billed as a first in South Africa, when the public tender process closes on a "Tequila" distillery and plant located just outside Graaff Reinet in the Eastern C...
SA’s biggest listed property company, Growthpoint Properties, has been included in the MSCI emerging markets stock index by equity index provider MSCI Barra.
Nov 19, 2008: SA cities good for growth Johannesburg - Johannesburg, Cape Town and Durban rank high on the MasterCard Worldwide Centers of Commerce Emerging Market Index, released on Wednesday.
Nov 19, 2008: Red Flag on Industrial Property
Erwin Rode of property economists Rode & Associates has urged investors to exercise caution with industrial property, particularly in the short term. ‘There’s no doubt that industrial property h...
Nov 19, 2008: Growthpoint on foreign radars Johannesburg - SA listed property is expected to start appearing more regularly on offshore fund managers' buying lists now that sector heavyweight, Growthpoint Properties, has bagged an inclusion in the ...
Nov 19, 2008: Acsa gets King Shaka retail bids rolling Durban - Airports Company South Africa (Acsa) will begin as early as next week to call for bids from potential retail suppliers, which will occupy the 6 445m2 space at the new King Shaka International Air...
Nov 17, 2008: Gordon's Bay hotel on auction 25/11 Exceptionally positioned in Gordon's Bay, the Villa Via hotel is a prime piece of hospitality real estate located in the prestigious Harbour Island precinct adjacent to the Yacht Club. The hotel will be o...
CONSENSUS seems to be developing amongst economists that the South African economy is going to decelerate sharply to a growth rate of about 3% p.a. over the next few years. Says Bellville-based propert...
Sandton will soon boast a new R800-million office development — in addition to the billions worth of construction taking shape in one of the country’s busiest business districts. This week B...
Johannesburg’s biggest shopping mall, Sandton City, wants to attract an even larger chunk of the country’s R10.5-billion annual cross-border trade — with plans for a R1.7-billion expansion ...
Nov 14, 2008: Buyers, Sellers Get Closer A correction, that might not have come as soon as it did without the major financial upheavals further afield, has brought buyers and sellers in the commercial and industrial property market closer to con...
Nov 14, 2008: CT's Paarl gets transformed The Winelands town of Paarl has reported a surge in interest in buying historic buildings and transforming them.Savvy property buyers are helping to re-invigorat...
Continuing work at Gateway Theatre of Shopping in Umhlanga, KwaZulu-Natal, R31-million contract has been awarded to extend one of the stores at the popular shopping center.
The acquisition of a 34% stake in Ambit Properties will enable ApexHi to grow its portfolio - LeissnerApexHi Properties Limited has acquired a 34,85% stake in Ambit Properties Limited for R597,9m through the...
