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Property

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... 


Cover Image
Harbour Arch’s live-work-play concept includes refreshing affordable component
14th October 2022 By: Irma Venter

The first phase of the Melrose Arch mixed-use development opened in Johannesburg in 2001, more than 20 years ago. Since then, the concept of a city-within-a-city has gained traction, with the idea... 


Coega opens Customs Control Area warehouse for short-term rental
13th October 2022 By: Schalk Burger

Industrial development zone company the Coega Development Corporation (CDC) has announced that its Customs Control Area (CCA) Warehouse is open for short-term rental. The Trade Facilitation Unit... 


River Club developers warn of immense losses if project delayed over court cases
12th October 2022 By: News24Wire

The developers of the River Club site in Cape Town, which will include Amazon as a tenant, argue that what they are constructing and planning will protect the heritage of First Nations people, not... 


Famous Brands acquires additional Gauteng properties as it plans expansion
11th October 2022 By: Schalk Burger

JSE-listed food services franchisor Famous Brands has entered into an agreement to acquire the entire share capital of and claims against Steers Properties and the entire share capital of and... 


Tribunal gives Emira’s acquisition of Transcend the go-ahead
7th October 2022 By: Darren Parker

The Competition Tribunal has unconditionally approved JSE-listed real estate investment trust Emira Property Fund’s proposed buyout of Transcend Residential Property. Upon the implementation of the... 


Image of the proposed new Truworths distribution centre in Cape Town
Atterbury, Truworths sign deal for new Cape Town distribution centre 
7th October 2022 By: Irma Venter

The Atterbury group and Truworths have inked a deal for the creation of a new distribution centre in Cape Town. The clothing retailer’s new facility will be built in King Air Industria, which is an... 


Artists rendering of one of the new Lefika Villas units to be built by Sun International
Sun International breaks ground on new Sun City development
7th October 2022 By: Natasha Odendaal

Sun International has broken ground on its latest development: the R295-million expansion of its Sun Vacation Club (SVC) – one of South Africa’s leading timeshare models – at the group’s iconic Sun... 


Attacq achieves level 1 BBBEE rating
6th October 2022 By: Tasneem Bulbulia

JSE-listed real estate investment trust Attacq has achieved a Level 1 contributor status towards broad-based black economic empowerment (BBBEE) for the first time in its history. According to South... 


Equites’ strong interim performance underpinned by logistics portfolio
5th October 2022 By: Tasneem Bulbulia

JSE-listed Equites Property Fund achieved a 4.1% year-on-year increase in its interim distribution a share to 81.58c for the period to August 31, while its net asset value (NAV) per share was also... 


Waterfall city
Waterfall precinct rebranded as Waterfall City
3rd October 2022 By: Darren Parker

The renowned 2 200-ha Waterfall precinct in Midrand, Gauteng, has officially been rebranded as Waterfall City. Waterfall Management Company CEO Willie Vos told Engineering News on a tour of the... 


Hyprop swings back to a profit of R1.3bn
30th September 2022 By: Darren Parker

Specialist shopping centre real estate investment trust (Reit) Hyprop reported a net profit of about R1.3-billion for the financial year ended June 30, compared with a loss of R837-million incurred... 


Ecommerce reshaping logistics industry, facilities
28th September 2022 By: Schalk Burger

The factors contributing to growth in logistics facilities are primarily centred around ecommerce, as smaller companies continue adopting ecommerce and delivery in addition to larger companies and,... 


Broll CEO Malcolm Horne receives Africa Property lifetime achievement award
23rd September 2022 By: Schalk Burger

Commercial property company Broll Property Group CEO Malcolm Horne received the Lifetime Achievement Award at the Africa Property Investment (API) Awards for his two decades of dedication to the... 


Sandvik Image
Sandvik launches Khomanani facility
21st September 2022

Global mining and mineral processing equipment manufacturer Sandvik’s new high-tech head office facility, workshop and manufacturing complex was officially opened by President Cyril Ramaphosa on... 


IFC supports Redefine's maiden green bond
20th September 2022 By: Schalk Burger

Development finance institution the International Finance Corporation (IFC) is the anchor investor of real estate investment trust Redefine Properties' green bond, which aims to promote... 


Stor-Age to list on A2X Markets
20th September 2022 By: Creamer Media Reporter

Specialist self-storage real estate investment trust (Reit) Stor-Age Property has been approved for a secondary listing on A2X Markets. Its shares will be available for trade on A2X from September... 


Balwin GHG emissions reduction targets approved by STBi
16th September 2022 By: Schalk Burger

JSE-listed property developer Balwin Properties has had its greenhouse-gas (GHG) emissions reduction targets approved by global body the Science Based Targets initiative (SBTi) as being consistent... 


CoJ re-establishes Property Release Programme
15th September 2022 By: Schalk Burger

The City of Johannesburg (CoJ) has announced the re-establishment of its Property Release Programme to release property to the private sector for mixed-use development across the city’s regions in... 


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