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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... 


The Thaba Eco-Village Lifestyle Centre
Balwin Properties achieves its tenth 6 Star Green Star Design rating
24th October 2024 By: Creamer Media Reporter

Residential property developer Balwin Properties has secured its tenth 6 Star Green Star Design rating on a lifestyle centre for the Thaba Eco-Village Lifestyle Centre and Montessori School,... 


Calgro M3 CEO Wikus Lategan
Calgro M3 records lower revenue, higher earnings
14th October 2024 By: Schalk Burger

JSE-listed residential estates and memorial parks developer Calgro M3 has reported a decrease in revenue to R507-million for the six months ended August 31, compared with revenue of R689-million... 


An image of Equites CEO Andrea Taverna-Turisan
Equites delivers strong interim performance
10th October 2024 By: Tasneem Bulbulia

Property developer Equites Property Fund achieved distributions per share (DPS) of 66.50c for the six months ended August 31, aligned with its market guidance. The group is now targeting full-year... 


Afrimat Construction Index bounces back in second quarter
4th October 2024 By: Irma Venter

The Afrimat Construction Index (ACI) has managed to bounce back in the second quarter of this year. The ACI is a composite index of the level of activity within the building and construction... 


Gauteng province planning to convert six hostels into 2 000 family units – Kubayi
2nd October 2024 By: Schalk Burger

The Gauteng Department of Human Settlements is undertaking detailed planning for the eradication and conversion of six hostels owned by the provincial department to 2 000 family units, Human... 


We all feel a lot better about South Africa, says construction group WBHO boss
27th September 2024 By: Irma Venter

Wilson Bayly Holmes-Ovcon (WBHO) is currently in “a good space”, says CEO Wolfgang Neff. “We all feel a whole lot better about South Africa.” 


Emira Property Fund's Summit Place building
Emira expects liquidity strengthening from disposals
26th September 2024 By: Marleny Arnoldi

JSE-listed Emira Property Fund says its local commercial portfolio has performed well in the five months ended August 31, with total vacancies across the portfolio having increased only marginally... 


An artist's impression of the Frankenwald Estate
Wits to use Frankenwald sale proceeds for special endowment fund
19th September 2024 By: Schalk Burger

The University of the Witwatersrand (Wits) says all proceeds from the sale of the Frankenwald Estate, in Gauteng, and the future sale of residential and commercial sites will be placed into a... 


An image of the Table Bay Mall
Hyprop posts better-than-expected distributable income, looks to future growth
17th September 2024 By: Tasneem Bulbulia

Retail centre owner Hyprop has reported distributable income of 370.4c a share for the financial year ended June 30, a reduction of 8.6% year-on-year, but better than previously anticipated. In... 


Architects on site
Sacap engages with Ekurhuleni executives to improve human settlement projects
16th September 2024 By: Marleny Arnoldi

Architectural profession regulator the South African Council for the Architectural Profession (Sacap) has expressed dedication to work closely with the Ekurhuleni Mayor’s office and the Department... 


Expansion of Infrastructure SA central to DPWI’s strategy, Telkom Towers deal to be probed – Macpherson
13th September 2024 By: Irma Venter

The expansion and capacitation of Infrastructure South Africa (ISA) is central to the Department of Public Works and Infrastructure’s (DPWI’s) strategy for increased infrastructure investment, says... 


Afrimat Construction Index bounces back in second quarter
Afrimat Construction Index bounces back in second quarter
12th September 2024 By: Irma Venter

The Afrimat Construction Index (ACI) has managed to bounce back in the second quarter of this year. The ACI is a composite index of the level of activity within the building and construction... 


Growthpoint CEO Norbert Sasse
Growthpoint reports improved KPIs despite high interest rates
11th September 2024 By: Sabrina Jardim

JSE-listed retail estate investment trust (REIT) Growthpoint Properties has reported improvements in the majority of key performance indicators (KPIs), including arrears, rental reversion rates,... 


Wolfgang Neff
We all feel a lot better about South Africa, says WBHO boss
11th September 2024 By: Irma Venter

Wilson Bayly Holmes-Ovcon (WBHO) is currently in “a good space”, says CEO Wolfgang Neff. “We all feel a whole lot better about South Africa.” 


Attacq grows distributable income by 19.9%, full-year dividend by 19%
10th September 2024 By: Schalk Burger

JSE-listed real estate investment trust Attacq grew its distributable income per share for the financial year ended June 30 by 19.9% year-on-year to 86.2c, while its full-year dividend increased by... 


An image showing the 8a Avinda shopping centre
Vukile acquires €176m shopping centre portfolio in Portugal
9th September 2024 By: Tasneem Bulbulia

JSE-listed Vukile Property Fund’s 99.5% held Spanish subsidiary Castellana Properties has agreed to acquire a high-quality, blue-chip-tenanted portfolio of three shopping centres in Portugal.... 


Calgro M3 CEO Wikus Lategan
Lategan, Joubert to leave Calgro M3 at year-end
6th September 2024 By: Schalk Burger

JSE-listed integrated residential developer Calgro M3 has informed shareholders that CEO Wikus Lategan and Memorial Parks MD Waldi Joubert have resigned, with effect from December 31, to pursue... 


Cape Town Mayco okays 7 ha land release for mixed-use development; must include affordable housing
Cape Town Mayco okays 7 ha land release for mixed-use development; must include affordable housing
5th September 2024 By: Irma Venter

Cape Town’s Mayoral Committee has greenlit the release of 7 ha of land for a mixed-use development in Rondebosch East, roughly 10 km from the city centre. The committee will now seek council... 


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