Growthpoint to buy Woodmead Retail Park from Investec
GROWTHPOINT Properties, the largest listed property company on the JSE with property assets worth more than R20bn, is to acquire the R500m Woodmead Retail Park from I…
Commercial Property News
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Industrial site keeps growing
PHUMELELA Park, one of four Old Mutual industrial parks in the greater Cape Town area, is being expanded for the second time within a year.…
Development partners sought
LEREKO Property Company, the empowerment firm that acquired a 25% interest in the massive land holdings of pulp and paper producer Sappi, is looking to partner with d…
Mutual to form property funds
LIFE assurance giant Old Mutual is to launch a “core” unlisted property fund containing its existing fixed property assets, which are worth R10bn.…
Napier Commercial Auction 31 March
A 10-room, double storey, old Napier style property, well situated in the main street of Napier, a town which has become know as the 'gateway to the Overberg', is to be auctioned on site by Pam Golding Commercial Auction…
Black Property's 2007 Convention
The South African Institute of Black Property Practitioners will host the 2007 convention at the Theatre on the Track in Johannesburg on 20 April 2007.Property in South Africa is one of the fastest growing se…
Cape Developers Experience Delays
A number of golf estate developers in the Western Cape have apparently been waiting for more than a year to get the necessary go-ahead (or dismissal) for their projects from planning authorities. Meanwhile, holding costs…
2006 Highs In Commercial Building
According to John Loos, property strategist for FNB Commercial Banking, the release of December building statistics by StatsSA for the year 2006 reported that the real value of building plans passed reached the highest l…
Offices Cost More In Europe Than South Africa
Trends in South African office property generally follow those in Europe, but South African may be thankful that they needn't pay as much as R730/m², as is the case in London's sought-after West End, says Ms Fran Te…
Showroom opportunity
Evidence of the calibre of properties that Auction Alliance attracts to its monthly commercial renaissance multiple auctions is the Furniture City showroom in Randpark Extension 4. The property will feature a…