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Afrimat’s third-quarter Construction Index shows strong uptick
Afrimat’s third-quarter Construction Index shows strong uptick
13th December 2022 By: Irma Venter

Construction sector activity moved strongly into positive territory in the third quarter of the year, with the latest Afrimat Construction Index (ACI) outperforming the overall economy. The latest... 


Futuregrowth buys mall in eMalahleni
8th December 2022 By: Darren Parker

Property investment company Futuregrowth Asset Management’s Community Property Fund (Comprop) has acquired KG Mall shopping centre, which is situated at the entrance to the Kwa-Guqa township, in... 


Construction sector ailing as govt’s infrastructure plan stalls – MBA North
2nd December 2022 By: Irma Venter

Following a harrowing two years for the construction sector, this year started with cautious optimism amid promises that a series of major infrastructure works would be fast-tracked, says Master... 


There are signs of life in the local construction sector – CIDB
2nd December 2022 By: Irma Venter

There are some green shoots in the South African construction industry, despite predictions that the sector is facing imminent collapse, says Construction Industry Development Board (CIDB) CEO... 


Hyprop to list on A2X
30th November 2022 By: Schalk Burger

Retail-focused real estate investment trust Hyprop Investments will list its shares for trade on A2X Markets from December 7. Hyprop retains its primary listing on the JSE and its issued share... 


Fairvest maintains strong distributable income in FY22
30th November 2022 By: Marleny Arnoldi

JSE-listed real estate investment trust (Reit) Fairvest has ended the 12 months ended September 30 on a high note, declaring a distributable income of 126.22c per A share and 43.29c per B share, in... 


Attacq CEO Jackie van Niekerk
Office, retail sectors improving following downswing during pandemic
29th November 2022 By: Darren Parker

The ailing office space subsector of the property market is starting to see a recovery after Covid-19 caused thousands of companies to adopt work-from-home models to protect employees, resulting in... 


Vukile Property  Fund CEO Laurence Rapp
Vukile announces Eastern Cape acquisition, delivers 16% dividend growth
29th November 2022 By: Marleny Arnoldi

JSE-listed Vukile Property Fund has reaffirmed its commitment to the South African retail property sector, announcing on November 29 that it is acquiring a 50% undivided share in the 57 000 m2 BT... 


Liberty’s retail-focussed portfolio records yearly growth
28th November 2022 By: Donna Slater

Ahead of its year-end closed period, retail-focussed real estate investment trust (Reit) Liberty Two Degrees (L2D) reports that its portfolio is expanding, with yearly trading density growth in... 


Sapoa welcomes three-year extension to regulations requiring the display of building energy certificates
28th November 2022 By: Schalk Burger

Industry organisation the South African Property Owners Association (SAPOA) has welcomed the Department of Mineral Resources and Energy's (DMRE’s) granting of a three-year extension on the... 


Indluplace increases occupancy and dividend, but revenue declines
23rd November 2022 By: Schalk Burger

JSE-listed rental real estate investment trust Indluplace has reduced its residential vacancy rate to 8.5% and achieved an average vacancy rate of 10.7% for its portfolio for the financial year... 


MBA North says its members being forced to condone unethical contractual practices
11th November 2022 By: Irma Venter

The Master Builders Association (MBA) North has issued a practice note for its members aimed at helping them fight back against what it calls unethical contractual practices that have become... 


Equites raises R1.25bn in debt auction
10th November 2022 By: Simone Liedtke

Specialist logistics property fund Equites Property Fund raised more than R1.25-billion in the South African debt capital market in a public auction of one-year, three-year and five-year senior... 


Image of Construction Industry Development Board (CIDB) CEO Bongani Dladla
There are signs of life in the local construction sector – CIDB
10th November 2022 By: Irma Venter

There are some green shoots in the South African construction industry, despite predictions that the sector is facing imminent collapse, says Construction Industry Development Board (CIDB) CEO... 


Amazon HQ saga: Site developers relieved by court judgment on megaproject in Cape Town
9th November 2022 By: News24Wire

The Liesbeek Leisure Property Trust (LLPT) welcomed the rescission of an order that they stop building on the River Club site, which is part of a multibillion-rand development that will also house... 


Attacq to list on A2X
8th November 2022 By: Tasneem Bulbulia

Real estate investment trust Attacq will list its shares for trade on A2X Markets (A2X), effective November 16. A2X is a licensed stock exchange that provides a secondary venue for companies to... 


An image of the interior of Gateway Mall
Gateway mall begins multimillion-rand revamp
8th November 2022 By: Tasneem Bulbulia

Gateway Theatre of Shopping, the East Coast’s regional mall, is undergoing a multimillion-rand refurbishment. “The revitalisation of the megamall, which has been something of a trailblazer in the... 


Redefine well positioned for growth with new simplified asset platform
7th November 2022 By: Schalk Burger

JSE-listed real estate investment trust Redefine Properties has significantly simplified its asset platform and is now well positioned for organic growth. The company also reduced its loan-to-value... 


V&A Waterfront, RMB partner on R1bn syndicated green loan
7th November 2022 By: Tasneem Bulbulia

Financial company RMB has partnered with Cape Town retail, commercial and lifestyle precinct V&A Waterfront (V&A), jointly held by Growthpoint and Government Employees Pension Fund as the... 


An aerial view of a hugs warehouse and distribution centre designed and built by Massmart
Company opens flagship distribution centre locally
4th November 2022

Distributor of consumer goods to Africa, Massmart, has opened its new flagship Riversands distribution centre in Riversands, Gauteng. The company announced that it had officially opened its new... 


Octodec swings to a profit, reports reduced vacancies
1st November 2022 By: Darren Parker

JSE-listed real estate investment trust (Reit) Octodec Investments has reported a material reduction in vacancies in the residential and industrial sectors for the financial year ended August 31,... 


An image of Vega South Africa's new facility.
Vega unveils new Lanseria-based Africa headquarters
1st November 2022 By: Donna Slater

German instrumentation and control company Vega opened its new 6 000 m2 Africa head office and warehouse, in Lanseria, on October 31, to enhance service in the country, as well as expand services... 


Inospace launches solution to add value for logistics, industrial tenants
1st November 2022 By: Schalk Burger

Serviced logistics parks company Inospace has launched its Inocircle online platform, which aims to resolve business pain points and add material value to small and medium-sized enterprises (SMEs),... 


Balwin notes sustained strong demand for its apartments
31st October 2022 By: Tasneem Bulbulia

JSE-listed Balwin Properties has reported sustained, strong demand for its apartments during the six months ended August 31. “Despite rising interest rates and a constrained economy, client demand... 


Construction sector ailing while government’s infrastructure plan stalls – MBA North
Construction sector ailing while government’s infrastructure plan stalls – MBA North
31st October 2022 By: Irma Venter

Following a harrowing two years for the construction sector, this year started with cautious optimism amid promises that a series of major infrastructure works would be fast-tracked, says Master... 


Sandton launches campaign to highlight its amenities
31st October 2022 By: Schalk Burger

The Sandton Central precinct has launched a campaign to remind the public of the attributes, benefits and commercial opportunities presented by the country’s business capital. During lockdowns,... 


Grit reports strong rental collections, reduced LTV in financial results
31st October 2022 By: Schalk Burger

London-listed Grit Real Estate has reported a 3.5% year-on-year increase in net operating income from properties for the financial year ended June 30. Further, 92.8% of the value of its contracted... 


inside of an empty server room
New data centre opens its doors in Johannesburg
28th October 2022 By: Darren Parker

Information and communication technology (ICT) infrastructure and services company NTT, represented in South Africa by ICT company Dimension Data, has officially opened a new data centre in... 


A photo of Tongaat Hulett's sugar operations
Tongaat Hulett enters voluntary business rescue
27th October 2022 By: Chanel de Bruyn

Agroprocessing group Tongaat Hulett's board has determined that the company is in financial distress and has decided to start voluntary business rescue proceedings. The company reiterates in an... 


V&A Waterfront, in Cape Town, now almost back to its normal trading pattern
27th October 2022 By: Rebecca Campbell

Cape Town’s V&A Waterfront (V&A) had now largely recovered from the effects of the Covid-19 pandemic, CEO David Green told journalists, at a media briefing on Wednesday. “We had a very tough couple... 


Cape Town’s waterfront increasing its independent power, water capacities
27th October 2022 By: Rebecca Campbell

Cape Town’s V&A Waterfront was planning to double its solar energy capacity as part of its response to the ongoing power cuts imposed, on a rolling basis, across the country by national electricity... 


Sun City image
Sun International breaks ground on new Sun City development
26th October 2022

Sun International has broken ground on a R295-million expansion at its iconic Sun City resort, in the North West. Natasha Odendaal visited the site. 


Waterfall image
Waterfall precinct rebrands as Waterfall City
19th October 2022

The Waterfall precinct in Midrand, home to multiple new smart developments in the residential, commercial and logistics sectors, has officially been rebranded as Waterfall City. 


Photo of a building owned by Emira
Emira completes energy performance certification for 31 buildings
18th October 2022 By: Schalk Burger

JSE-listed real estate investment trust Emira Property Fund has completed the certification of 31 of its buildings to become compliant with new Energy Performance Certificate (EPC) regulations... 


Calgro reports improved interim revenue, HEPS
17th October 2022 By: Darren Parker

JSE-listed property investment company Calgro M3, which specialises in the development of integrated residential developments and the development and management of memorial parks, has reported a... 


Image of road construction
MBA North warns against unethical contractual practices
14th October 2022 By: Irma Venter

The Master Builders Association (MBA) North has issued a practice note for its members aimed at helping them fight back against what it calls unethical contractual practices that have become... 


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Magazine round up | 13 December 2024
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