DIVERSIFIED property group Emira Property Fund has consolidated its position in Pretoria’s Menlyn area, spending R403m on a 50% share in five buildings in Summit Place, a new office development.
CONSUMER spending may well be in the doldrums, but punters who invested in blue-chip mall owner Hyprop Investments in January, when the share price slumped to levels of about R89, are in the pound seats.
JAPAN-headquartered global investment bank Nomura, attracted by a surge in mergers and acquisitions into the rest of sub-Saharan Africa, will set up shop in Cape Town next month.
Jan Newman, who has been appointed head of Nomura’s So...
Within weeks, one of the biggest shopping centres on the continent, the Mall of Africa, is set to open in Midrand — the newest in a blitz of fancy malls vying for the wallets of consumers.
THE Eastern Cape government has voluntarily asked the national Treasury to “reallocate” more than half-a-billion rands meant for schools infrastructure to other provinces in a bid “to secure future allocations”.
IN a bid to keep up with demand and attract new businesses to Uitenhage, plans are being made for major expansion of the Nelson Mandela Bay Logistics Park over the next five years.
SUBCONTRACTORS working on roadworks in the Eastern Cape have downed tools and blocked the entrance of a main contractor’s site office in an effort to get paid.
H&I Contractors allegedly reneged on a work rate agreed upon before ...
REAL estate investment trusts (Reits) are starting to consider the auction market as a means of acquiring properties, according to joint MD of High Street Auctions Lance Chalwin-Milton.
Some Reits have struggled to make property acqui...
The glut of new shopping centre space that continues to grow in major cities and towns is starting to bite into landlords’ returns, results released last week by two of SA’s largest retail property owners show.
BRASILIA - Brazilian construction tycoon Marcelo Odebrecht was sentenced on Tuesday to 19 years in prison for corruption and money laundering in the giant Petrobras embezzlement scandal shaking Latin America's biggest country.
PROPERTY fund Attacq is confident it will achieve stronger capital growth when its major expansion projects including The Mall of Africa and the second phase of Waterfall City, kick into gear.
CAPITAL & Regional, the UK shopping centre owner, achieved a 228% increase in its total dividend declared for last year, off the back of rental growth and a strengthening consumer.
MURRAY & Roberts shares leapt more than 11% in late afternoon trading on Friday as an arbitration tribunal announced a provisional award of R354m to the Bombela Concession Company (BCC), as part of the Gautrain Sandton Station cavern claim.
Property group Hyprop has declared a dividend of 297‚8 cents per share for the six months ended December 31 2015‚ an increase of 13.4% on the corresponding period in 2014.
Distributable earnings for the period benefited from the incl...
Taste Holdings on Thursday announced that the first Starbucks stores in SA would be opened in Rosebank and the Mall of Africa in Midrand in late April.
The restaurant franchise group in July last year anno...
GROWTHPOINT Properties, the largest South African-based listed property fund, grew its dividend per share a pedestrian 6% in the six months to December last year as the Acucap-Sycom portfolio it bought during the year put a strain on earnings.
REDEFINE Properties is set to reach its 25% offshore target with the biggest single offshore investment by a South African property fund in a ¤1.2bn deal for a portfolio in Poland.
The group will expand its offshore footprint through ...
CASHBUILD, a major retailer of building materials in Southern Africa, reported a “strong set of results” for the six months ended-December, excluding a once-off empowerment cost of R63m.
REDEFINE Properties is looking to team up with an Australian company to provide student housing in that country and is set to announce various offshore acquisitions this year.
Redefine CEO Andrew Konig said yesterday in an address ahea...
