Despite uncertainty in some markets as to whether it is on the ascent or about to fall foul of the Greek tragedy, last week Auction Alliance sold 119 lots worth R478,16 million at its monthly commercial and platinum residential property auction.
A "disaster". This is the view of hoteliers in KwaZulu-Natal faced with average occupancy rates of only 40 percent during the month-long spectacle devoted to the beautiful game.
The June-July holiday is traditionally the second-busies...
PRETORIA - The reverse JSE listing into Decillion Limited in the next couple of months, will see a new property development company enter the market with a diversified development portfolio of some R2bn.
The historic Barbican building in the Johannesburg CBD is once again towering proudly into the sky after a R19m process restored the architectural jewel to its former glory.
The metamorphosis of this once-dilapidated building has been brought a...
The SARS office in Germiston will soon be vacant, offering investors 9 000m² of lettable space with development potential. The property has been well maintained as a services office; being home to the South African Revenue Service for a numbe...
Barrow Properties, in a joint venture with Vunani Properties, part of empowerment group Vunani Limited, has given the green light for a new R60m office development in the heart of Houghton.
The development, which is intended for rental to one o...
CAPE TOWN - The Sentinel Mountain, which caused so much controversy last year when the owners put it up for auction, has still not been sold and is still for sale.
According to a reliable source, negotiations between the owners and Sanpa...
SA’s first farm village lifestyle project has received the green light.
The Crossways Farm Village has just been approved by the Department of Economic Development, Environmental Affairs and Tourism. It has a value of R3,4bn and will be b...
The cause of poor road conditions is the lack of dedicated funding for road maintenance, poor asset management and capacity challenges in many municipalities and provinces.
So said Transport Minister Sbu Ndebele at a national summit called to d...
The embattled Ithala Bank has launched moves to rescue two failed projects that have guzzled more than R130 million and need several millions more to save them.
The two are the Dolphin Whispers residential development in Durban's Point area - f...
PRETORIA - Liberty Group Holdings has confirmed that it is pursuing legal action against ANC Youth League front company Lembede Investment Holdings. An arm of Lembede, has defaulted on the lease for its offices in Johannesburg's Sandton Towers.&n...
Durban's Golden Mile will on May 30 have a completely different beachfront with a spectacular six-kilometre promenade and posh restaurants, the city said on Friday.
City manager Dr Mike Sutcliffe said the R200-million beach upgrades would be co...
The growing popularity of office property at Cape Town’s Century City is further underlined by yet another leading firm relocating its Cape Town office space there.
Leading business management software provider Softline will be relocating...
For the first time in history, Auction Alliance will take a Mozambique resort to auction. Boasting immense potential for further development, the Dongane Holiday Resort and Golf Estate is poised to go under the gavel on 10 June at the Wanderers Golf Cl...
Wanted: One buyer for 22 bank buildings in rural towns in the Free State and Northern Cape.
After First National Bank (FNB) recently decided to close 31 branches in rural towns in these two provinces, some of the towns decided to buy the existi...
Investec Bank Limited in Durban has commenced operations from its new head office, owned and developed by Investec Property, in prime position in the new Ridgeside Office Park in Umhlanga, on 1 May 2010.
The National Department of Public Works (DPW) has been fined R93 000 by its Environmental Affairs Department counterpart for developing a R100 million boatyard and jetty in the sensitive Langebaan Lagoon without environmental approval.
Cape Town is issuing a partial construction ban for two weeks before and during the World Cup so that "unsightly or untidy construction sites" close to the action do not detract from the Mother City's picturesque reputation.
A large portion of the famous Pinnacle Point Beach and Golf Resort in Mossel Bay will be offered on auction by the resort developers on Wednesday 26 May.
This will be the first time that Pinnacle Point properties such as these will go on to the...
As part of the ongoing review and improvement of the Green Star SA rating tools, the Green Building Council of South Africa has undertaken a process over the past nine months to review the Eco Conditional Requirement contained within the Green Star SA ...
Construction of a new 3,000sqm sectional title office block at Century City is nearing completion and a large portion of the units have been snapped up.
To date investors have snapped up 70% of the 23 sectional title office suites in The...
Although the worst effects of the recession are now tailing off, property development and construction companies still have a long hard road to walk before anything like “norma...
The cigarette giant decided to consolidate all its manufacturing and operational activities to their Heidelberg plant in Gauteng. The hammer will fall on a massive site belonging to ...