Recently listed township mall owner Safari Investments (SAR) expects additions to its portfolio to more than double its asset base to R3bn within three or four years.
AN unemployed matriculant from KwaZulu-Natal who arrived in Johannesburg on Sunday last week in search of work is suspected to be among those still buried under the rubble of the collapsed old Orlando pow...
Favoured by holiday-makers, Umhlanga Rocks is envied for its beautiful coastline, modern attractions, wealth of upmarket holiday accommodation and entertainment for families and youth. The sandy beaches continue northwards for over 200km along the warm...
Though concern lingers about Emira Property Fund’s exposure to the older, B-grade office market, the sizable discount to the sector at which the stock is trading doesn’t seem entirely justified.
Rebosis Property Fund (REB) — which now owns 32% of Ascension Properties in addition to Ascension’s management company — is in “no rush†to decide on a full takeover o...
The merger of the broad-based black economic empowerment (BBBEE) funds
property groups‚ Delta Property Fund (DLT) and Rebosis Property Fund (REB) has
been called off‚ with the companies citing bad timin...
RETAIL-focused Accelerate Property Fund, whose flagship property is Johannesburg’s R2bn Fourways Mall, yesterday released maiden results for the year ending March ahead of its prelisting forecast.
AIX-EN-PROVENCE - Irish budget airline Ryanair on Monday launched an appeal of a court ruling ordering it to pay nearly nine million euros ($12.2 million) in damages and interest for breaching French labour laws.
Total income for South Africa’s tourist accommodation industry rose by 12.9% year on year (y/y) in nominal terms (current prices) in April‚ Statistics SA’s tourist accommodation survey released on Monday showed.
MORE rental housing portfolios are finding their way to the JSE’s R260bn listed real-estate sector although they are mostly part of larger commercial property offerings.
While housing funds such as Equity Residential count amon...
Equites Property Fund (EQU)‚ which listed on the JSE on Wednesday‚ hopes it can use its market dominance in Western Cape industrial property to attract investors to help it grow fivefold within five years...
The fall in the FNB/BER building confidence index indicates that conditions in the building industry have deteriorated further. The index fell by 11 points to 41 in the second quarter.
The current level indicates that about 60% of respo...
Most of South Africa’s listed property funds have converted to real estate investment trusts (Reits)‚ moving them in line with global tax practice and putting them on the global map.
The amount of empty office space in Sandton, SA’s largest decentralised business hub, has surged to a 10-year high of 14,2%, latest figures from the SA Property Owners Association (Sapoa) show.
AS LONG as malls keep performing, developers will keep on building them, Emira Property Fund CEO James Templeton said on the sidelines of the South African Property Owners Association (Sapoa) conference yesterday.
TOKYO - Mitsubishi Heavy Industries and Germany's Siemens are to bid nearly $10 billion to snap up some energy assets owned by French "national jewel" Alstom, a report said on Thursday.
Japan's leading Nikkei business daily said that the...
FRANKFURT - German engineering giant Siemens is working on a joint bid with Mitsubishi Heavy Industries (MHI) for the energy assets of French group Alstom, the companies said on Wednesday.
"Mitsubishi Heavy Industries (MHI) and Siemens t...
THE merger of Octodec Investments and Premium Properties is likely to be “credit positive†thanks to the benefits of scale and diversification, says Eyal Shevel, head of the corporate sector at Global Credit Ratings (GCR).
Rockcastle Global Real Estate Company (ROC) plans to move to the JSE’s main board from its AltX board listing early next month‚ as it looks to grow its exposure to sizeable investors.
TSOGO Sun is South Africa’s biggest hotel group, but it is its hotel in Lagos, the Southern Sun Ikoyi, that lays claim to the second-highest average room rate in the group, trailing only a boutique hotel in Seychell...
Owning a weekend bolthole in St Francis Bay, Ballito or Hermanus seems to have regained some of its former lustre. Industry players are reporting a rise in holiday home buying in recent months.
A prime industrial property of 39 630m² comes under the SA Auction Group hammer at 10h30 on Wednesday June 11. The property is situated just off the R554 (North Boundary Road) on Van Dyk Street, between Springs and Alberton, and is also close to Car...
