Balwin estate to get man-made lagoon
The first man-made lagoon in Africa will open in Pretoria East in September. Stephen Brookes, the entrepreneur behind sectional title developer Balwin Properties, said he and his backers had invested…
Commercial Property News
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Portfolio acquisition boosts Dipula asset value
Dipula Income Fund, the diversified black economic empowered property group, has grown its asset value beyond R8bn for the first time, following the acquisition of a mixed portfolio worth R1.25bn. Di…
Investec to buy back its head office for R2.2bn
By Alistair Anderson In a surprise move‚ Investec Bank will buy back its Sandton head office from SA’s largest listed real estate group‚ Growthpoint Properties‚ for R2.2bn. The of…
Grit's patient investors likely to be rewarded as fund targets 12% return
Alistair Anderson Real estate entrepreneur Bronwyn Corbett says investors who have stuck by pan-African property fund Grit Real Estate in its various guises over the past few years are finally to be r…
Sector hopes confidence is no house of cards
Mark Allix The rebound in the FNB/BER building confidence index is a “positive surprise”, says John Loos, property economist at FNB. But he warns it comes off a low base and will be difficult to…
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Sun City the star of the Sun group
Gaming and hotels giant Sun International saw a resurgent performance from Sun City — one of its oldest properties — but reported an underwhelming start at its new Times Square mega-casino precinct.…
Hammerson rejects Klépierre's GBP4.9bn offer
By Alistair Anderson Shopping mall owner Hammerson plc says it will not be derailed by an opportunistic share and cash takeover proposal by France’s Klépierre‚ claiming it undervalues the JSE-liste…
Mall gets R400m expansion
Liberty 2 Degrees (L2D), which is the Liberty Group’s listed property vehicle, has invested R400m in its Midlands Mall to improve the retail offering for a wider range of customers in KwaZulu-Natal.…
Research highlights commercial property investment low
JLL’s 2017 Investment Review of the South African property market analysis highlights a decline in overall capital invested (excluding new developments) to R13.3 billion from R28.7 billion in 2016. The…