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An image showing solar installation on the East Rand Mall
Vukile invests in solar power
13th February 2023 By: Tasneem Bulbulia

JSE-listed Vukile Property Fund will invest about R350-million in backup power as it deploys a strategy to efficiently supplement the electricity supply to its malls. In its quest to help tenants... 


Waterfall City
Attacq’s shares spike on R2.8bn GEPF investment into Waterfall
13th February 2023 By: Tasneem Bulbulia

The share price of JSE-listed real estate investment trust (Reit) Attacq, which is developing Waterfall City, rose by nearly 22% on the morning of February 13 after the company announced that it... 


Library in City of Johannesburg to receive a facelift
10th February 2023 By: Schalk Burger

The City of Johannesburg has appointed the Joburg Development Agency (JDA) to implement renovations to the Johannesburg City Library on the corner of Albertina Sisulu road and Pixley Ka Isaka Seme... 


an image of Fikile de Buck and Dr Gustav Rohde
Attacq appoints new nonexecutive directors
7th February 2023 By: Donna Slater

JSE-listed real estate investment trust Attacq has appointed Fikile de Buck and Dr Gustav Rohde as nonexecutive directors, effective February 1. De Buck, with over 23 years of executive-level... 


City of Cape Town Development Management online portal expanded with range of services
6th February 2023 By: Schalk Burger

The City of Cape Town's Development Management Department only accepts building plan and land use applications online through its e-services portal, which has been upgraded to provide more online... 


An image showing Waterfall City
Waterfall City scoops international award for the fifth time
6th February 2023 By: Tasneem Bulbulia

The Waterfall Management Company’s (WMC’s) Waterfall City was honoured with the Best International Mixed-use Development 2022/23 award at the yearly International Property Awards ceremony, held at... 


Growthpoint's Lincoln on the Lake property
Growthpoint plans to double solar capacity by June
6th February 2023 By: Marleny Arnoldi

Real estate investment trust (Reit) Growthpoint Properties is going to great lengths to ensure its buildings and tentants’ businesses remain powered up during South Africa’s electricity crisis and... 


transmission lines
DPWI to start expropriating servitudes in Limpopo for Eskom’s transmission lines
3rd February 2023 By: Darren Parker

Public Works and Infrastructure Minister Patricia de Lille has been requested by State-own utility Eskom to expropriate servitudes, in terms of existing legislation, for electricity transmission... 


Trident steel
Commission gives its approval for Trident Steel’s buyout of Aveng subsidiary
3rd February 2023 By: Darren Parker

The Competition Commission has approved the proposed transaction whereby steel maker Trident Steel subsidiary Trident Steel Africa (TSA) intends to acquire Aveng subsidiary Aveng Trident Steel... 


image of Newlands Terraces
Renewed interest in Cape Town, Durban office space – Emira
25th January 2023 By: Donna Slater

Real estate investment trust Emira Property Fund says it has received increased enquiries for office space in Cape Town and Durban – welcome news in markets that have suffered from rising vacancies... 


Attacq image
Attacq starting to see post-pandemic improvement
18th January 2023

Real estate investment trust company Attacq has reported an improvement in the office and retail sectors following a downswing during the Covid-19 pandemic. Darren Parker tells us more. 


IFC invests R1bn in Growthpoint’s green bond
14th December 2022 By: Schalk Burger

Development finance institution the International Finance Corporation (IFC) will invest R1-billion in a green bond issued by JSE-listed real estate investment trust Growthpoint Properties.... 


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... 


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