Commercial Property News

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R478 million achieved for auctioned properties

2010-05-27 · Auctions

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 r…

KwaZulu-Natal hotels declare cup crisis

2010-05-27 · KwaZulu-Natal

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…

R2bn property listing heading for JSE

2010-05-27 · Gauteng

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. …

Barbican regains former glory

2010-05-27 · General Property News

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-dila…

Sars offices go under hammer

2010-05-25 · Auctions

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…

Barrow Properties announce a joint venture with Vunani Properties

2010-05-25 · General Property News

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, wh…

Hout Bay's Sentinel Mountain still for sale

2010-05-25 · Western Cape

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, negoti…

EC farm lifestyle project gets the nod

2010-05-25 · General Property News

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…

Ndebele pledges road maintenance fund

2010-05-25 · General Property News

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 Ndebe…

KZN to rescue development projects that need millions

2010-05-20 · General Property News

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 dev…

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