Wiese’s Texton fund buys another UK property
By Charlotte Mathews Texton Property Fund‚ in which retail tycoon Christo Wiese is a major shareholder‚ has made its second acquisition in a month with the £9.85m purchase of a retail park in Cambo…
Commercial Property News — 2015
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Marshall Monteagle revenue grows
Marshall Monteagle on Wednesday declared a final dividend of 1.8 US cents‚ taking its dividend for the year ended September to 3.6 US cents. Revenue grew by 23% to $261m. Had currencies remained const…
Tsogo's share price rises sharply
Tsogo Sun rose as much as 9.4% to an intraday high of R22.64 on Tuesday with 3-million shares trading by 3PM. The casino group provided details last week of its proposed merger of 10 of its hotels with…
Tsogo’s share price rises sharply
Tsogo Sun rose as much as 9.4% to an intraday high of R22.64 on Tuesday with 3-million shares trading by 3PM. The casino group provided details last week of its proposed merger of 10 of its hotels with…
Choppies looks to KZN
JSE-listed Botswana-based grocery chain Choppies (CHP) applied to the Competition Commission on Monday for authorisation to acquire 21 retail stores in KwaZulu-Natal and the Eastern Cape from Jwayelani.…
Redefine sells low-yielding UK property at GPB3m profit
Redefine International and joint-venture partner Aegon have agreed to sell a London property for £35.6m. The property was bought for about £29m in October as part of a deal involving 19 UK properties.…
Inside Sun City's R800m makeover
un International’s resort town of Sun City in the North West province is in for a R800m makeover. The group aims to restore its status as a popular destination, after a fall in the number of local and foreign visito…
PE agency wins global lettings award
mbabelaz@timesmedia.co.za BEING crowned the best property agency in Africa shows that the continent’s companies have what it takes to compete as equals on an international level, Just Letting chief…
Building goes on at Coega
NEARING the close of the year, the Coega Development Corporation (CDC) is a hive of activity, with two construction projects providing employment for more than 750 people. “While most institutions…
Balwin looks to develop units in flourishing Waterfall node
BALWIN Properties, which focuses on sectional title residential estates in high- density metropolitan nodes, has acquired development rights in Johannesburg’s fast-growing Waterfall node for R1.5bn.…