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Prosus chair’s trust sells €156m of shares for hotel growth
20th December 2024 By: Bloomberg

A family trust linked to Koos Bekker — one of South Africa’s richest people — sold about €156-million of shares in Internet investing giant Prosus to fund building operations at hotels in South... 


Public Works and Infrastructure Minister Dean Macpherson
DPWI seeks input on better uses for 24 underutilised State-owned properties
18th December 2024 By: Chanel de Bruyn

The Department of Public Works and Infrastructure (DPWI) has released requests for proposals (RFPs) for 24 underutilised State-owned properties across the country. Members of the public and private... 


Vanguard's facility in the Clairwood Logistics Park
Vanguard Logistics signs ten-year Clairwood lease with Fortress
13th December 2024 By: Schalk Burger

Logistics and supply chain solutions provider Vanguard Logistics South Africa has signed a a ten-year lease for a new 13 000 m² warehouse at Clairwood Logistics Park, in KwaZulu-Natal, with real... 


Joburg opens R116m Riverside View Phase 3 affordable housing in Diepsloot
13th December 2024 By: Schalk Burger

The City of Johannesburg (CoJ) opened the 184-unit, Phase 3 of the Riverside View affordable housing development in Diepsloot, west of Midrand and north of the City's centre, this week. Monthly... 


R900m film set to be built in Cape Town
13th December 2024 By: Irma Venter

The City of Cape Town has announced the approval of a lease agreement for part of a city-owned property in Paardevlei, Somerset West, which will see the construction of a R900-million film set by... 


V&A plans R20bn Granger Bay development
11th December 2024 By: Bloomberg

Cape Town’s V&A Waterfront plans a R20-billion expansion of the adjacent Granger Bay precinct and has sought permission from authorities in South Africa’s second-biggest city for the development.... 


Macpherson wants frank debate on the 30% local procurement rule being abused by construction mafia
6th December 2024 By: Irma Venter

The country must have a frank discussion about the 30% local procurement rule, which has been abused by the so-called construction mafia, says Public Works and Infrastructure Minister Dean... 


Afrimat Construction Index continues upward trend in third quarter
Afrimat Construction Index continues upward trend in third quarter
5th December 2024 By: Irma Venter

The Afrimat Construction Index (ACI) continued its upward trend in third quarter of the year. The ACI is a composite index of the level of activity within the building and construction sectors, and... 


An image of 204 Oxford
Fortress upgrades distributable earnings forecast to R1.78bn
4th December 2024 By: Sabrina Jardim

Real estate investment company Fortress Real Estate Investments has revised its distributable earnings forecast for financial year 2025 to R1.78-billion, representing 147.80c a share, a 16.9%... 


Garth Hamilton from HHH Achitects, Azania Muendane from CPFS, James Vos, Tristan Keyte from CPFS, Henry F Herring, and Tlhogi Dube from Unicorn Factory Finance
Cape Town to see construction of R900m film set
2nd December 2024 By: Irma Venter

The City of Cape Town has announced the approval of a lease agreement for part of a city-owned property in Paardevlei, Somerset West, which will see the construction of a R900-million film set by... 


Fairvest CEO Darren Wilder
Fairvest reports solid full-year income growth
29th November 2024 By: Marleny Arnoldi

JSE-listed real estate investment trust Fairvest has reported a 5% year-on-year increase in its distributable income to R707-million for the financial year ended September 30, compared with... 


Public Works to blacklist ‘criminal’ contractors as delayed projects soar to R3-billion
29th November 2024 By: Irma Venter

Out of the 206 infrastructure projects overseen by the Department of Public Works and Infrastructure (DPWI) this financial year, 164 are experiencing delays, says Public Works and Infrastructure... 


DRIVING CHANGE
The e-co2green energy benefit scheme is driving a shift towards renewable energy and improved energy efficiency
Initiative boosts renewable energy, efficiency
29th November 2024 By: Simone Liedtke

The electricity minus carbon dioxide, or e-co2 (pronounced eco-two), green energy benefit scheme, introduced by real estate investment trust Growthpoint Properties, is driving a shift towards... 


Construction progress at The Fynbos site
Africa's first biophilic building slowly starts to take shape in Cape Town
28th November 2024 By: Irma Venter

Project developer Lurra Capital says work on The Fynbos biophilic building is advancing steadily. The project basement, which officially broke ground in November last year, is now 38% complete. 


A skyline with cranes
PIC backs Grit’s $100m property push
28th November 2024 By: Bloomberg

Africa’s biggest pension fund is backing Grit Real Estate Income Group’s $100-million capital-raising push for the property company’s real estate unit on the continent. The Public Investment... 


Vukile Property Fund CEO Laurence Rapp
Vukile on track to meet full-year guidance
26th November 2024 By: Sabrina Jardim

JSE-listed retail real estate investment trust Vukile Property Fund has reported a 6% increase in its interim cash dividend to 55.2c a share for the six months to September 30. The company, in a... 


Mall of Africa construction
Attacq confident it will achieve distributable income growth of at least 17% in full-year 2025
26th November 2024 By: Marleny Arnoldi

JSE-listed real estate investment trust Attacq has reiterated its confidence in its ability to achieve distributable income a share growth of between 17% and 20% in the 2025 financial year ending... 


Octodec MD Jeffrey Wapnick
Octodec reports dip in full-year profit, but foresees improvement
25th November 2024 By: Marleny Arnoldi

JSE-listed real estate investment trust (Reit) Octodec has reported a 7.4% decrease in its attributable profit for the year ended August 31 at R215-million, on the back of a difficult macroeconomic... 


Image of Public Works and Infrastructure Minister Dean Macpherson
Frank discussion needed about 30% local procurement rule – Macpherson
19th November 2024 By: Irma Venter

The country must have a frank discussion about the 30% local procurement rule, which has been abused by the so-called construction mafia, says Public Works and Infrastructure Minister Dean... 


The area earmarked for development
Afrirent secures lease to develop prime site next door to Cape Town convention centre
18th November 2024 By: Irma Venter

Afrirent Holdings has secured the winning bid to develop a prime site located next to the Cape Town International Convention Centre (CTICC). The right to construct a mixed-use development, valued... 


Dean Macpherson
Public Works to blacklist ‘criminal’ contractors as delayed projects reach R3-billion
15th November 2024 By: Irma Venter

Out of the 206 infrastructure projects overseen by the Department of Public Works and Infrastructure (DPWI) this financial year, 164 projects are experiencing delays, says Public Works and... 


Construction mafia remains a major problem, warns MBA North
15th November 2024 By: Irma Venter

The problem posed by the construction mafia on the ground remains a major stumbling block in the recovery of the construction industry, and especially its ability to create more jobs, says Master... 


An image of Emira CEO Geoff Jennet
Emira’s reshaped portfolio supports strong interim performance
13th November 2024 By: Tasneem Bulbulia

JSE-listed Emira Property Fund achieved a positive performance for the six months ended September 30, owing to strengthening operational metrics, active asset recycling and strategic deal-making,... 


Dipula CEO Izak Petersen
Dipula records 4% increase in property portfolio value for 2024
13th November 2024 By: Darren Parker

JSE-listed real estate investment trust (Reit) Dipula Income Fund’s property portfolio has increased by 4% in value to R10.2-billion in the financial year ended August 31, contributing to a 5% rise... 


The proposed development site
Cape Town’s Mayco greenlights release of prime Green Point site for mixed-use development
13th November 2024 By: Irma Venter

The City of Cape Town’s (CoCT’s) Mayoral Committee (Mayco) has greenlit a public participation process to release prime property in Green Point for mixed-use development, including affordable... 


340 ha, mixed-use The Bridge urban development opened in Stellenbosch
12th November 2024 By: Schalk Burger

The 340 ha mixed-use urban development precinct The Bridge was opened in Stellenbosch, in the Western Cape, on November 7. The Bridge represents a commitment to community-focused growth,... 


Equites raises R558m in debt auction
12th November 2024 By: Sabrina Jardim

JSE-listed real estate investment trust (REIT), Equites Property Fund has raised R558-million through the public auction of three-year and five-year listed senior unsecured floating rate notes in... 


SA REIT CEO Joanne Solomon
Association launches Sustainability Disclosure Guide for South African Reits
7th November 2024 By: Sabrina Jardim

The South African Real Estate Investment Trust Association (SA REIT) has, in partnership with Nedbank Corporate and Investment Banking (CIB), launched the SA REIT Sustainability Disclosure Guide,... 


An aerial view of the Arterial Industrial Estate in Cape Town
Growthpoint starts construction on second development phase at Cape Town industrial estate
6th November 2024 By: Schalk Burger

Real estate investment trust Growthpoint has started construction on the second development phase of its Arterial Industrial Estate, in Blackheath, Cape Town. Arterial Industrial Estate is on a 71... 


Sandton City aims to procure wheeled renewable energy from IEP platform
6th November 2024 By: Schalk Burger

Shopping centre Sandton City, in Gauteng, has announced its interest in procuring renewable energy over the Independent Energy Pool (IEP) platform through the development and deployment of wheeled... 


RMB, REdimension Capital, GBCSA release ESG proptech report
4th November 2024 By: Darren Parker

Financial institution Rand Merchant Bank (RMB) has, in partnership with REdimension Capital and the Green Building Council of South Africa (GBCSA), released an environmental, social and governance... 


Redefine CEO Andrew König
Redefine reports improvements in occupancy, overall demand
4th November 2024 By: Marleny Arnoldi

JSE-listed real estate investment trust (Reit) Redefine Properties has posted a distributable income per share (DIPS) of 50.02c and a dividend of 42.52c apiece for the financial year ended August... 


The refurbished Bashee Court property
ECDC rolling out R546m property refurbishment programme
30th October 2024 By: Schalk Burger

Provincial agency the Eastern Cape Development Corporation (ECDC) is rolling out a R546-million refurbishment programme at its R1.37-billion rental investment property portfolio, which includes... 


Balwin expects better second half, with positive sentiment starting to materialise
29th October 2024 By: Schalk Burger

JSE-listed residential property developer Balwin recorded a 28% year-on-year decline in revenue to R852.7-million and a 57% year-on-year decrease in profit to R76.9-million for the six months ended... 


Octodec announces dual role for Erasmus as it positions itself for growth
28th October 2024 By: Sabrina Jardim

JSE-listed real estate investment trust (Reit) Octodec Investments has announced that incoming executive FD and debt officer Riaan Erasmus will also assume the position of deputy CEO, with effect... 


L2D chief commercial officer José Snyders
L2D makes strides in sustainability, reports retail portfolio healthy
25th October 2024 By: Sabrina Jardim

As part of its sustainability efforts, Liberty 2 Degrees (L2D) expects to complete its solar energy rollout of 17 MW across its retail centres by the end of 2025, which will reduce its overall... 


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The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

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AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

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Rentech
Rentech

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Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

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Magazine round up | 13 December 2024
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