JSE-listed sister companies Octodec Investments (OCT) and Premium Properties (PMM) have 76 active property refurbishment projects on the go in Gauteng’s central business districts (CBDs)‚ amid continued improv...
JOHANNESBURG’S pink diamond, The Westcliff Hotel, is set for a makeover and rebranding. When it resumes operations next year it will be known as the Four Seasons Hotel Westcliff Johannesburg.
Capital and Counties Properties (Capco‚ CCO) said Tuesday that strong valuation results for the first half of 2013 contributed to a 14.4% increase in EPRA (European Public Real Estate) adjusted‚ diluted net asset value per share to 232 penc...
DUBAI - Dubai-based real estate giant Emaar Properties said on Monday its net profit increased 10 percent to $184 million in the second quarter of 2013, as sales nearly quadrupled.
The developer of Burj Khalifa, the world's tallest tower...
Annuity Properties‚ which listed on the JSE in May 2012‚ said on Monday that it would acquire the property portfolio of Clarins SA‚ a subsidiary of international luxury cosmetics company Clarins Group.<...
Walmart-owned Massmart opened its second Builders Warehouse store in Botswana‚ in line with its African expansion strategy‚ the company said on Monday.
Delta Property Fund ‚ a recently listed property fund that specialises in the ownership and management of Government office buildings (with a growing portfolio of retail and industrial buildings)‚ completed its debut commercial paper issuan...
Tower Property Fund says it officially became the first new fund in South Africa to list on the main board of the JSE under the diversified REITs sector when it listed on July 19.
Growthpoint Properties Australia‚ a subsidiary of JSE-listed Growthpoint Properties (GRT)‚ said on Friday it had agreed to acquire a portfolio of three prime industrial property developments in Melbourne‚...
MUMBAI - Shares of India's Ambuja Cements and ACC slumped on Thursday after their parent company, Swiss cement giant Holcim, announced a restructuring of Indian operations aimed at lowering costs.
JSE-listed Hospitality Property Fund (HPA‚HPB)‚ which invests in hotel and leisure properties‚ is optimistic about the outlook for the hotel industry after a challenging period in the sector‚ according...
Miranda Mineral Holdings has regained a prospecting right over the multi-metal Rozynenbosch property after the Department of Mineral Resources initially declined to convert an old-order right over the property.
Launched in March this year (2013), the prime located Mauritian development, Le Parc de Mont Choisy, ideally positioned in Grand Baie in the sought after north of the island, has met with considerable enthusiasm from the South African market, reports excl...
Aveng and Wilson Bayly Holmes issued statements on Tuesday confirming the Competition Tribunal had confirmed they may pay their respective R307m and R311m administrative penalties in three equal instalments over three years.
A STUDY by the Western Cape provincial government shows that the province’s office properties make inefficient use of space and have higher costs per employee compared to the private sector, highlighting the potential for major cost savings.
Listed property fund Vunani Property Investment Fund (VPIF) on Monday announced the final‚ JSE-approved terms of its rights offer to raise up to R455 million.
The fund will offer a total of 48‚503‚939 new linked units (...
AMID a volatile and difficult period in the listed property market, Tower Property Fund received good investor support for its capital raise prior to the fund’s listing on the JSE today, CEO Marc Edwards says.
Game farming and game farm land is coming of age, and proving to be a increasingly important factor in the farming sector in general in South Africa, says Wayne Rubidge, manager for the Karoo region for Pam Golding Properties.
Today’s (18 July 2013) decision by the Monetary Policy Committee meeting to keep the repo rate stable was generally anticipated by market commentators, and, taking into account the heightened inflationary risk...
Redefine International announced on Thursday it has received approval from the South African Reserve Bank (SARB) to inward list on the Johannesburg Stock Exchange‚ subject to certain conditions.
FOLLOWING the recent price correction in the listed property sector, valuations are now at levels more supportive of sustainable listed property returns in the future, according to Investec Asset Management portfolio manager Neil Stuart-Findlay.
WEIGHED down by pedestrian economic growth, the office market continues to be the laggard of SA’s commercial property market, while the industrial sector is “in equilibrium†and retail property continues to perform well.
JSE-listed Hyprop Investments (HYP) is one step closer to acquiring the Somerset Mall in the Western Cape‚ which would be one of the most significant retail transactions in the local commercial property market.
