SANLAM will sell a 25% stake in its Vukile property fund for R439m to black investors in one of the property sector’s biggest affirmative action deals.
Cape Town-based CBS Property Portfolio Limited announced an increase in distribution of 16.2% for the year ended 31 October 2005, prior to its listing on the Main Board of the JSE Limited. The distribution grew to 64.5 cents p...
The Cape Town city bowl experienced a property development boost of nearly R12 billion over the past six months. This includes office buildings, residential units, retail outlets and hotels and leads directly and indirectly to...
A major part of Bryanston looks set to become a City Improvement District later this year. At present the precinct – between William Nicol Drive, Sloane Street, Main Road and Bryanston Drive – has been launched as a Volunt...
Amdec Property Developments' R75 million double level 5,000 m2 Lifestyle Centre in the Westlake development at the southern end of the Constantia Valley is now almost 100% let.
Johannesburg - Growthpoint Properties, South Africa's largest listed property fund, has made an offer to acquire a portfolio of properties from Tresso Trading 119 for a total of R1.63 billion, the company announced on Thursday...
Nedbank Corporate Property Finance, the largest commercial and industrial property financier in the Western Cape, had by the end of 2005 approved over R5 billion worth of new property loans.
Following last week's Cape Town Tourism announcement that the Cape Town International Convention Centre (CTICC) does not meet the space requirements to enable the City to host the yearly international tourism Indaba, FEDHASA C...
Murray and Roberts, South Africa's second-largest construction group, on Wednesday said in a statement that the High Court had sanctioned its proposed buyout of smaller construction firm Concor's minorities.
Grapnel Property Group (Proprietary) Limited, today announced that Hospitality Property Fund Limited (Hospitality), South Africa’s first specialist listed property fund invested exclusiv...
Century City, often dubbed the city of cranes due to the extraordinary amount of development taking place there, is rapidly becoming a city of bridges.
The Melrose Arch Development Company and Barrow Properties are launching a new R224m sectional title office development at Melrose Arch in Johannesburg.
Cashbuild has reported a 30% increase in its revenue for the second quarter of its financial year to end-December compared to that of the year-earlier period
There are strong signs indicating a prolonged period of high fixed investment in South African commercial property in the coming years, according to FNB property economist John Loos.
Johannesburg - Diversified Property Fund has agreed to acquire a retail center to be constructed in Alberton, called Pick 'n Pay Redruth, for approximately R104 million, the listed property fund announces.
The new R400-million, 125-stored Garden Route Mall in George is yet another feather in the development cap of this booming area where increasing numbers of South Africa...
MUIZENBERG-based Capricorn Park, which effectively failed in its mandate as a science and technology hub, is making a rather convincing comeback as a business and industrial property.
The moderation in house price growth, to 21,9% last year from more than 32% in 2004, comes as little surprise. The general consensus among analysts is that the South African housing market will experience even slower growth th...
LISTED property loan stock company Redefine recorded a total return of 91% last year, the highest in the listed property sector, Catalyst Fund Managers said.
Construction of the new R450 million, 40,000m2 regional shopping centre on a 19 hectare site adjacent to The Ridge Casino in Emahlaleni (Witbank) has commenced. The mall is set to open in April 2007.
There is still very much a place for listed property in the form of property loan stocks and property unit trusts in one's portfolio - particularly if one is looking for increased income
Property economist Francois Viruly tells Classic Business Day that certain residential property investors may be in for a tough time in 2006 as rentals in the buy-to-let market fail to give a decent return
Although rentals for quality industrial property in greater Cape Town are rising, they are lagging feasibility levels for new developments, says Orin Varney, Western Cape leasing manager of Old Mutual Properties.
Cape Town - There are strong signs indicating a prolonged period of high fixed investment in South African commercial property in the coming years, according to FNB property economist John Loos.