THE fixed property market appears to be weakening, with the latest data from Investment Property Databank (IPD) SA showing that capital valuations have softened.
It implies the listed property sector, which has been outperforming other...
MORE global brands are set to feature in Sandton City and the adjacent Nelson Mandela Square as the centre’s redevelopment caters to SA’s aspirational consumers.
Though there is little respite on the horizon from lower u...
UN International has kept shtum since launching its R9.4-billion tilt at gaming group Peermont, the owner of Gauteng’s lucrative Emperors Palace casino. Business Times tracked down Mary Bomela, the CEO of the Mineworkers Investment Company (MIC)...
PPC on Monday said it had rejected a merger between AfriSam and the company.
“The board has considered the proposed merger and its merits‚ and has decided not to proceed. The board has therefore terminated its engagement with...
INVESTEC Australia Property Fund (IAPF) has bought its first office property in Sydney as part of a major capital roll-out to grow its portfolio and attract investors.
The group said yesterday it hoped the property, situated in a fast-...
THE latest research from Jones Lang LaSalle (JLL) SA shows commercial property investment activity in SA slowed down last year, with the overriding contributing factor being the low supply of investment properties.
Construction group Raubex on Tuesday said it expected headline earnings per share for the year ended February 2015 to be between 5% and 15% higher than the previous year.
The company said this translated into headline earnings per share ...
UK-based property and financial services group Tradehold said on Monday work had started on its R480-million regional shopping centre, which is located in the harbour town of Walvis Bay, Namibia.
Total income for SA’s tourist accommodation industry (which includes restaurant‚ bar sales and “other†income) rose by 1.1% year on year (y/y) in nominal terms (current prices) in January‚ Statistics SA’s tourist a...
BASIL Read’s share lost as much as 30% on Friday after it issued a profit warning, saying its earnings were likely to be severely hit by poor economic conditions and difficulties on projects.
CAPE TOWN — Almost 20 years after the introduction of a new gaming dispensation in SA, the casino industry will effectively be reduced to two big rollers — Tsogo Sun and Sun International.
AFRISAM CEO Stephan Olivier says “the health of the company has been restored†since the cement firm’s balance sheet and shareholder registry were overhauled after a costly empowerment deal in 2007.
AN IMPROVED credit rating has been issued to Vukile Property Fund after its takeover of Synergy Income Fund, and the fine-tuning of its retail portfolio.
Vukile clinched control of the small-cap mall owner in February in a move lauded...
ON THE back of the sustained superb performance from the listed property sector over the past two years, analysts and property managers are stressing that when property counters are compared, the source of their returns must also be given equal attenti...
CAPITAL growth property fund Attacq’s stellar run post-listing is facing some hurdles, with valuers expecting it to take longer to fill the vacancies at its big developments and making more conservative rental estimates. Attacq listed in October...
Property group Attacq (ATT) reported on Monday that headline earnings per share (HEPS) to end December rose to 15c from a loss of 12.6c in the year-earlier period.
Profit for the period was R359.8m from R361m at end-December 2013. Headli...
AUCOR Property’s next multiple commercial auction, which takes place at the Park Hyatt Hotel in Rosebank, Johannesburg, on Tuesday, will feature commercial, industrial and retail properties.
THE physical store is still the preferred shopping place for South Africans in spite of significant growth in online buying, a survey released yesterday showed.
Compared with developed markets, online shopping in SA is small and large...
PROPERTY companies with large exposure to office space are set to come under more pressure. There are concerns that economic growth will not be strong enough this year to give a proper lift to the market. Even Growthpoint Properties, which owns mostly ...
Western Europe-focused MAS Real Estate‚ which released results for the six months to December on Monday‚ has grown its portfolio substantially after its listing on the JSE main board in December.
NEW YORK - US mall king Simon Property made a $16 billion hostile offer for Macerich on Monday, after failing for four months to engage the smaller shopping center operator in friendly merger talks.