NEW YORK - A consortium led by Swedish construction company Skanska was picked for a $3.6 billion project to modernize New York's LaGuardia Airport, regional transport officials announced on Thursday.
MALL changes in short-term interest rates are likely to affect consumer spending patterns but there should be no material effect on commercial property investors, according to FNB Commercial Property Finance’s head of business lending, Attie Anderson...
THE outlook for the retail sector in the short term is uneven, JLL South Africa says in its first quarter report, with centres serving lower-income groups expected to face challenges while those in the higher living standards measure brackets can look ...
BOUTIQUE hotel and timeshare group Gooderson Leisure is spending on expansions in the “bad times” to be ready when better times return to the hotel industry.
NEDBANK Property Finance has granted R323m to FPG Group for the purchase of the Cape Gate Lifestyle precinct from Hyprop, a specialist shopping centre owner.
The acquisition has 30,000m² of gross lettable area (GLA) which includes a l...
Recently listed property group Acsion (ACS) on Thursday reported a net asset value (NAV) per share of R11.56 in the three months to end February 2015‚ up from a NAV per share of R10.70 on listing.
PROPERTY developers have given Johannesburgers a new way to go out in style — a private cemetery in Nasrec for those who appreciate a little exclusive tranquillity.
Not far from the country’s biggest sports arena, FNB Stadium, the...
Dipula Income Fund on Wednesday said it had achieved an increase in distributable earnings of 33.2% for the interim period to February 2015, translating into a 6.8% growth in distributions per combined A- and B-linked unit over the preceding period.
Atlantic Leaf Properties revealed on Wednesday that its board had approved the issuing and listing of up to 100 million new shares, as the group seeks to bulk up its property portfolio.
It said the price of new shares will not be less t...
Property holding and investment company Vukile Property Fund (VKE) on Tuesday said it had delivered “remarkable” full-year results‚ having increased headline earnings by just more than 14%.
Delta Property Fund is proving that government-tenanted properties can be lucrative assets‚ with the real estate investment trust (Reit) growing its full year distribution 15.7% in the year to February — more tha...
INVESTEC Property Fund (IPF), owner of Balfour Mall and The Firs in Johannesburg and Dihlabeng Mall in Bethlehem, has increased its full-year dividend 10.1% to 119c.
Its sister company, Investec Australia Property Fund (IAPF), has inc...
It is becoming commonplace for government to enter into arrangements with a private party where the government provides land for the construction of or improvements to buildings by the private party without parting with ownership of the land. This is r...
Tsogo Sun (TSH) on Thursday reported a 1% drop in full-year adjusted headline earning per share to R1.75‚ citing the effect of development projects on its performance.
The gaming and hotels group said it had spent R5.9bn in the year to...
IT was a race against time last night ahead of the grand opening of the Baywest Mall, which was still teeming with more than 4000 men and women in hard hats and work gear scrambling to ensure all was ready fo...
OLDER people will remember when offices had fluorescent lights, bland walls, spaghetti cables on the floors and a cube farm. With more than 2,000 hours spent at the office every year by the average South African worker, com...
Moody's Investors Service has upgraded Growthpoint Properties's ratings, due to leading market position, strong balance sheet and its property portfolio's increased resilience and defensive nature.
THE International Trade Administration Commission of SA (Itac) has imposed provisional antidumping duties of between 14.29% and 77.15% on Pakistani cement imports, up to and including November 13.
Specialist industrial property developer and landlord Equites Property Fund
(EQU) has distributed R69.9m since listing in June last year‚ it said at its
maiden results for the year to February on Thursday.
Rockcastle Global Real Estate’s (ROC) move into Poland is starting to pay off with the company having already bedded down two property acquisitions and looking for more opportunities.
Recently listed property group Pivotal Fund (PIV) on Wednesday reported a 25.3% rise in net asset value (NAV) per share to R18.40 for the year ended February 2015.
Raubex (RBX) on Monday said its order book is at a record high for the year ended February‚ and that the road construction projects worth R1.2bn it is set to build in Zambia have allowed it to be more selective about the ...
Arrowhead Properties (AWB) grew its distributions 19.03% in the six months to March compared with the same period last year‚ following aggressive acquisitive growth.
THE Congress of South African Trade Union’s (Cosatu’s) newest affiliate, the Liberated Metalworkers of SA (Limusa), is seeking to use a court challenge to gain a foot in the door at Toyota SA Motors.
REDEFINE Properties has significantly improved the quality of its portfolio this year but the benefits will come through only in the medium term as the group contends with anaemic economic growth, according to analysts.
RAND-hedge real estate play Intu Properties, the UK’s biggest mall owner — originally known as Liberty International — is starting to cash in on the steady recovery in consumer spending and stronger demand for space from UK and European retailers...
