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