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Property

A Redefined-owned property in Sandton
Redefine Properties optimistic about future of office space rental market
27th August 2024 By: Darren Parker

JSE-listed real estate investment trust (Reit) Redefine Properties has indicated optimism in the recovery of the office space rental sector, which suffered a severe drop-off in demand at the... 


Vukile concludes oversubscribed R796m unsecured bond issue at record low pricing
23rd August 2024 By: Sabrina Jardim

JSE-listed retail real estate investment trust (Reit) Vukile Property Fund has issued R796-million of senior unsecured corporate bonds with three-, five- and six and a half-year maturities. Vukile... 


Research shows South African Reit payout ratios on par with international peers
22nd August 2024 By: Schalk Burger

The average payout ratio of South African Real Estate Investment Trusts (Reits) was 75.6% in 2023 and is expected to reach 78.4% this year. This compares well with the global average payout ratio... 


The Wits Flower Hall
Wits' renovated Flower Hall shortlisted for World Architecture Festival award
19th August 2024 By: Schalk Burger

The new Flower Hall Examination and Test Centre, on the University of the Witwatersrand's (Wits') Campus West, has been shortlisted in the Creative Reuse category for the World Architecture... 


A model of the proposed Akademia development
New R3.2bn private higher education campus on the cards for Akademia
15th August 2024 By: Irma Venter

Privately owned, Afrikaans, Christian higher education institution Akademia has announced the development of a R3.2-billion campus in Pretoria East. The campus will be developed by real estate... 


Transnet Property CEO Advocate Kapei Phahlamohlaka
Transnet Property mulls investment-property vehicle as it moves ahead with sale of residential stock
13th August 2024 By: Terence Creamer

The property division of Transnet has been given board approval to sell its residential and non-core commercial properties over the coming two years, while moving to package the balance of the... 


Attacq, Hyprop sell AttAfrica shares and properties to Lango
12th August 2024 By: Schalk Burger

JSE-listed real estate investment trusts (REITs) Attacq and Hyprop, which each holds 50% shares in AttAfrica, will sell their interests to commercial real estate company Lango Real Estate.... 


Emira to acquire an interest in Polish property company
12th August 2024 By: Sabrina Jardim

JSE-listed Emira Property Fund has entered into a series of agreements with DL Invest Group 1 SCSP – controlled by Dominik Leszczynski –  and its wholly-owned subsidiary, DL Invest Group (DL... 


Cape Town wants GNU to give it more policing powers, right to run passenger rail and more
9th August 2024 By: Irma Venter

The City of Cape Town’s top requests to the Government of National Unity (GNU) are for municipal police to have the powers to investigate crime; the devolvement of passenger rail to the city; the... 


Growthpoint's The Towers property, in Sandton
Growthpoint rolls out renewable energy wheeling scheme at ten properties
5th August 2024 By: Marleny Arnoldi

JSE-listed real estate investment trust Growthpoint Properties has announced a new energy benefit scheme called e-CO2, which it will roll out at ten of its properties in Sandton. This marks a... 


SIMEON TASSEV
Cybersecurity firms play a vital role in supporting real estate companies
Company encourages strengthening cybersecurity in real estate
2nd August 2024 By: Simone Liedtke

As digitalisation continues to transform industries, the real estate sector has to deal with significant changes in how it manages and protects information, especially with the transition from... 


Crestcare’s new R238m private hospital in Malmesbury to create employment for 170 people
2nd August 2024 By: Irma Venter

The Crestcare Hospital Group has cut the ribbon on its newest development, the R238-million acute hospital in the Western Cape town of Malmesbury. Crestcare’s majority shareholder is black-owned... 


Strategic approach crucial for 2024 market
2nd August 2024 By: Simone Liedtke

The South African commercial property market presents a blend of challenges and opportunities for investors and buyers, with economic uncertainties, shifts in the rental market, financing... 


SUCCESSFUL SAFARI
Radisson plans to expand into safari and leisure regions, including the Kruger National Park and the Cape Winelands
Hotel group planning strategic expansion by 2030
2nd August 2024 By: Simone Liedtke

International hospitality company Radisson Hotel Group plans to double its footprint in South Africa by 2030, consequently resulting in its having 25 hotels in the country. This strategic vision... 


JONATHAN SINDEN
The strategic use of data is crucial for driving growth and creating immersive customer experiences
Rising costs, disruptions reshape landscape
2nd August 2024 By: Simone Liedtke

The commercial and industrial property market is struggling with rising costs, macroeconomic fluctuations and the rapid advancement of technology, according to property company Liberty Two Degrees... 


Balwin Kikuyu property in Waterfall
Balwin launches dedicated apartment rental portfolio
24th July 2024 By: Marleny Arnoldi

JSE-listed Balwin Properties has announced plans to develop 7 300 rental apartments over the next eight to ten years, which marks the launch of its rental portfolio. Currently, the company is... 


The Metalbox property in Auckland Park
Energy Partners completes first solar facade skyscraper at Fairvest-owned property
23rd July 2024 By: Schalk Burger

Energy company Energy Partners has completed a project at property investment company Fairvest's Metalbox skyscraper in Auckland Park, Johannesburg. The property now features a building-integrated... 


Image of the Crestcare Malmesbury hospital
Crestcare group opens R238m private hospital in Malmesbury
19th July 2024 By: Irma Venter

The Crestcare Hospital Group has cut the ribbon on its newest development, the R238-million acute hospital in the Western Cape town of Malmesbury. Crestcare’s majority shareholder is black-owned... 


Magazine Cover image
Cape Town’s Atlantis SEZ aiming to become green-industry heartland
19th July 2024 By: Rebecca Campbell

This month, July, will see the Greentech-focused Atlantis Special Economic Zone (ASEZ) mark two milestones, namely the breaking of ground for the first new factory to be built there, and the start... 


COORDINATED APPROACH
It is essential to move beyond disparate regulations and adopt a comprehensive framework that addresses the complexities of modern cyberthreats
Entities will be required to report cybercrime within 72 hours – law firm
19th July 2024 By: Simone Liedtke

In a move to bolster cybersecurity and enhance the reporting of cybercrime incidents, it is expected that Section 54 of the Cybercrimes Act will be enacted soon. This enactment of this provision... 


Leasehold model at Dube TradePort provides consistent revenue, helps property developers
9th July 2024 By: Schalk Burger

Special economic zone (SEZ) Dube TradePort says its long-term leasehold model allows investors to access land over long periods without the need to buy it outright and ensures that it has a stable... 


Cape Town hits apartment developer with R1m penalty
5th July 2024 By: Irma Venter

Cape Town mayor Geordin Hill-Lewis has upheld a decision by the city’s Municipal Planning Tribunal to impose a record R1-million penalty for unauthorised construction work in Belville. The penalty... 


Magazine cover image
Consistent pipeline all that is needed to resuscitate SA construction
5th July 2024 By: Schalk Burger

A consistent and predictable pipeline of construction and infrastructure development projects, which must be underpinned by political support and leadership, is all that is necessary to accelerate... 


Marriott Hotel, in Melrose Arch
SolarSaver showcases innovations of its latest solar installation in Melrose Arch precinct
28th June 2024 By: Marleny Arnoldi

Energy company SolarSaver has successfully completed a solar installation at the Marriott Hotel Melrose Arch and the African Pride Hotel, both of which are based in the Melrose Arch precinct in... 


Radisson to open its first hotels in Tanzania as part of African expansion
25th June 2024 By: Schalk Burger

Radisson Hotel Group will add seven new hotels, with more than 1 200 rooms, to its African portfolio and will open two hotels in Dar es Salaam and in Mwanza, in Tanzania, in 2025. The new hotels... 


Hyprop property
Hyprop expects higher full-year tenant revenue in South Africa, Eastern Europe
24th June 2024 By: Marleny Arnoldi

Shopping centre-focused real estate investment trust Hyprop Investments continues to make progress on key priorities having been set for the 2024 financial year ending June 30, including... 


Already green V&A Waterfront eyes starting up desalination plant, building second seawater cooling plant
21st June 2024 By: Irma Venter

Since embarking on its sustainability journey in 2008, the V&A Waterfront (V&A) in Cape Town has reduced its energy use by 40%, with 2 MW of photovoltaic (PV) solar panels generating 1 640 000 kWh... 


A man’s arm holding a hard hat wearing other PPE in the foreground of a construction site
Fatalities draw attention to health and safety standards
21st June 2024 By: Halima Frost

Recent tragic events, resulting in the loss of over 40 construction workers' lives across three sites last month, have brought heightened attention to both the wellbeing of construction personnel... 


A photo of the new Cape Town Station which has been re-imagined to house over 3 000 students and has sports grounds, a shopping centre and cinemas
Mixed-use project completed
21st June 2024

Privately owned construction company GVK-Siya Zama has worked “around the clock” to complete the redevelopment of Cape Town Station, in the Western Cape, into a mixed-use residential and retail... 


Fortress reports positive operational performance amid logistics demand, disposals and capital recycling
20th June 2024 By: Sabrina Jardim

Real estate company Fortress Real Estate Investments says healthy logistics demand, disposals of noncore assets and effective capital recycling continue to drive its positive operational... 


stor-age facility
Stor-Age reports strong financial performance
18th June 2024 By: Darren Parker

JSE-listed self-storage real estate investment trust Stor-Age has reported robust financial results for the 2024 financial year ended March 31, showcasing significant growth in rental rates and... 


V&A executive manager: operations André Theys
V&A Waterfront signs deal to raise green-electricity contribution to 70% by 2026
18th June 2024 By: Terence Creamer

Cape Town’s V&A Waterfront has signed a ten-year power purchase agreement (PPA) with Etana Energy for 43 GWh of renewable energy yearly, which will result in wind and solar supplying 70% of the... 


Image of Cape Town
Cape Town releases more land for affordable housing under new housing strategy
13th June 2024 By: Irma Venter

With national government slashing Cape Town’s housing grants by R107-million this financial year, the city has been forced to change its housing strategy, says Mayor Geordin Hill-Lewis. Cape Town... 


Liberty Two Degrees COO Jonathan Sinden
L2D reports sustainable operational performance on retail assets
11th June 2024 By: Sabrina Jardim

Despite the current economic climate presenting slowing growth, characterised by high inflationary pressure, increasing costs of property rates, the lack of delivery of basic utilities such as... 


Image of Cape Town Mayor Geordin Hill-Lewis
City of Cape Town hits apartment building developer with R1m fine
11th June 2024 By: Irma Venter

Cape Town Mayor Geordin Hill-Lewis has upheld a decision by the city’s Municipal Planning Tribunal to impose a record R1-million penalty for unauthorised building work. The penalty relates to a... 


KZN floods 2022
Natural disasters emerge as top risk consideration for professionals in construction, property
11th June 2024 By: Marleny Arnoldi

Thirty-eight percent of 3 000 risk management professionals and business leaders agree that natural catastrophes, fire and explosion risks are emerging as primary concerns in the engineering,... 


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Hanna Instruments (Pty) Ltd
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Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

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