Massmart (MSM), Africa's third-largest consumer goods distributor, wants to open a few more stores but struggles to find sites due to "unrealistic price expectations" for land, it said on Thursday.
A JSE Limited listed property loan stock company announced distribution growth of 18,3% for its B-linked units for its financial year ended 30 June 2008.
Hospitality Property Fund invests exclusively in hotel and leisure properties. Its units i...
Demand for sugar cane farms and smallholdings in KwaZulu-Natal has all but dried up as buyers' interests shift increasingly to timber and dairy at the moment.
That's according to Barry James, co-owner of Homenet Agriplan, which specialises in f...
A nature reserve in Ladismith in the Western Cape has recently come on to the market for R7m.
Naauw Kloof, a farm of approximately 2,766 hectares, belonged to the Ladismith Municipality and was proclaimed circa 1913, since having served as a n...
Energy saving is the main focus at a 16-storey office development in Cape Town.
Particular attention was paid to the façade treatment. The professional team specified that a tinted heat-reflecting performance glass should be used for th...
The value of South African recorded building plans passed at constant 2000 prices in June decreased by 24,5% year-on-year (y/y) from a revised decrease of 35,5% (36,2%) in May, Statistics South Africa (Stats SA) data on Wednesday showed.
A R549m contract has been awarded to build Heineken's first brewery in South Africa.
The building and civil engineering business units of Grinaker-LTA, part of the JSE-listed Aveng Group, are undertaking this project in a 50/50 joint venture, e...
A new West Coast hotel will be coming into operation in September.
Shelley Point Coastal Lodge is sited within the 160 hectare Shelley Point security estate, where some 1,000 erven have now been sold. The estate will ultimately have 1,000 luxu...
DEVELOPMENTS in the Rosebank business precinct are set for a further boost with work to start soon on a R170m development project by Old Mutual Investment Group Property Investments.
LISTED property is cheaper than fixed property because of the large fall in listed property prices since November last year, and it could be a good buy for a would-be investor.
This would especially apply to those who do not have experience wit...
The current economic environment has had a great impact on the housing market, with high interest rates, spurred on by rising inflation, and increasing building costs reducing affordability and demand.
Drastic increases in building materials have affected developers' profits, with some planned developments having to be scrapped and the future of others hanging in the balance.
And those planning to build their own homes have either had to incr...
Cement sales in Southern Africa fell 0,7% year-on-year (y/y) in July to 1,368m tons from a 1,9% y/y fall in June, data from the Cement and Concrete Institute showed on Friday.
The institute noted that July 2008 sales had one more sales day...
South African construction firm Group Five (GRF) increased its one-year order book by 76% to R8,5bn as at end June 2008 compared with same period last year, it said on Monday.
Given the slowdown in the residential property market and Es...
Park Town School, better know as PTS, fetched R22m at an auction on Wednesday.
Originally named 'Beauvais', and built as a private residence just over 100 years ago by Allen Wilson for mining magnate Mr. Percival White Tracey, this home set on...
Fuel shocks due to record world oil prices coupled with a weaker rand against the dollar - the currency used to determine oil prices - will make tele-working from home an increasingly popular option.
The property investment market seems to have realigned with the new interest rates and sellers are becoming more realistic as the cost of money becomes relatively more expensive.
This has created opportunities and we have noticed many more buy...
Sugar producer Tongaat Hulett (TON, Tongaat), which turned a portion of its agricultural land to property development, is shifting its focus from residential developments to industrial, tourism and commercial sectors, it said on Monday.