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Property

Alley Roads CEO Barry Chapman
Alley Roads’ Riverstone Mall kickstarts R600m development injection for Meyerton
16th May 2024 By: Sabrina Jardim

Property developer Alley Roads has unveiled Riverstone Mall in Meyerton – its first retail development currently under construction – as part of its pipeline of 175 000 m2 of retail space earmarked... 


Equites CEO Andrea Taverna-Turisan
Equites reports sustained growth in rentals market
14th May 2024 By: Darren Parker

Real estate investment trust Equites Property Fund has reported sustained growth in its rental portfolio over the past few years and expects this trend to continue. In its results presentation for... 


Dipula Income Fund CEO Izak Peterson
Dipula reports improved metrics, hones in on solar
14th May 2024 By: Sabrina Jardim

JSE-listed real estate investment trust Dipula Income Fund has reported improved operational and financial metrics, as well as strategic gains in a period that marked the first phase of its new... 


An image of Octodec's HealthConnect building
Octodec grows interim retail income despite challenging conditions
14th May 2024 By: Tasneem Bulbulia

JSE-listed real estate investment trust Octodec Investments achieved income growth of 3.1% for the six months ended February 29, largely driven by higher rentals in its residential portfolio.... 


Calgro M3 CEO Wikus Lategan
Calgro M3 issues maiden dividend, posts robust results
13th May 2024 By: Schalk Burger

Residential-focused property developer Calgro M3 has issued a maiden dividend of 9.49c a share after posting a record gross profit margin of 27.25% for the financial year ended February 29, and... 


Contractors, sub-contractors battling as late payments accelerate – MBA North
Contractors, sub-contractors battling as late payments accelerate – MBA North
13th May 2024 By: Irma Venter

The construction industry value-chain is at risk of collapsing as shrinking margins, unfair practices and payment issues continue to undermine the sector. This is according to members of the Master... 


Image of Raubex CEO Felicia Msiza
Raubex sees 28% bounce in its order book despite challenging environment
13th May 2024 By: Irma Venter

Raubex saw a 28% jump in its order book for the financial year ended February 29, to R25.55-billion, compared with R20-billion in the previous financial year. “This is testimony to our diversified... 


An image depicting Balwin's padel courts
Balwin seeks to broaden access to padel in South Africa
10th May 2024 By: Sabrina Jardim

Balwin Padel, a division of JSE-listed property developer Balwin Properties, opened four new padel courts at its Thaba Eco Lifestyle Centre, in Gauteng, at the end of April. The sports centre now... 


Conditions still challenging, but contractors report noticeable uptick – MBA North
10th May 2024 By: Irma Venter

Last year was one of the most challenging years the Master Builders Association (MBA) North has ever experienced, with many of its long-standing members entering business rescue or closing their... 


Equites' distribution centre, in Parow
Equites starts wheeling power from distribution centre to head office in Cape Town
8th May 2024 By: Marleny Arnoldi

Property developer Equites Property Fund has officially started wheeling renewable energy onto Cape Town’s grid from solar panels atop its newly built distribution centre in Parow. The company is... 


Mall of Africa
Attacq subsidiary acquires remaining 20% stake in Mall of Africa
7th May 2024 By: Sabrina Jardim

JSE-listed real estate investment trust (Reit) Attacq’s 70% held subsidiary, Attacq Waterfall Investment Company (AWIC), has acquired the remaining 20% stake in Mall of Africa from the Atterbury... 


An image of Redefine Properties CEO Andrew König
Redefine choosing to remain optimistic despite challenging market conditions
6th May 2024 By: Tasneem Bulbulia

JSE-listed Redefine Properties reported solid results for the six months to February 29, despite prevailing challenging economic conditions in South Africa, including the impact of high interest... 


Flanagan & Gerard MD Paul Gerard
Flanagan & Gerard, Vukile acquire Mthatha shopping centre for R800m
24th April 2024 By: Schalk Burger

Retail property specialist company Flanagan & Gerard Property Group and JSE-listed real estate investment trust Vukile Property Fund have jointly acquired the BT Ngebs City regional shopping... 


An artist's impression of the Padel courts to be built at the Mall of Africa
Balwin adds padel courts to Mall of Africa offering
22nd April 2024 By: Schalk Burger

JSE-listed real estate investment trusts Balwin and Attacq will open six new rooftop padel courts at the Mall of Africa in Waterfall City as demand for the lifestyle sport gains momentum. Four of... 


Conditions challenging, but some green shoots emerging – MBA North
Conditions challenging, but some green shoots emerging – MBA North
19th April 2024 By: Irma Venter

Last year was one of the most challenging years the Master Builders Association (MBA) North has ever experienced, with many of its long-standing members entering business rescue or closing their... 


Calgro M3 boosts stability with Rustenburg Memorial Parks expansion
16th April 2024 By: Sabrina Jardim

JSE-listed Calgro M3 Holdings – an entity specialising in integrated residential developments and memorial parks – is expanding its Memorial Parks division with the acquisition of a new park in... 


Image of Table Mountain, Cape Town
Cape Town to tighten procurement process in effort to combat extortion
12th April 2024 By: Irma Venter

The City of Cape Town (CoCT) says the yearly review of its Supply Chain Management Policy proposes additional measures to reduce the risk of extortion impacting city projects. The proposed Supply... 


Work under way on Oxford Parks Block 2A Phase 1
Concor stresses green building practices in its new Rosebank project
10th April 2024 By: Rebecca Campbell

South African construction group Concor has highlighted progress at its Green Star V2-rated Oxford Parks Block 2A Phase 1 project, in the Johannesburg suburb of Rosebank. Work started in February... 


Johannesburg
CoJ promulgates reviewed municipal planning by-law
9th April 2024 By: Darren Parker

The City of Johannesburg’s (CoJ’s) Development Planning Department has promulgated the recently reviewed municipal planning by-law. The provisions of the reviewed by-law enable the city to simplify... 


Rainmaker Marketing director Stefan Botha.
Rainmaker Marketing releases Western Cape Property Market Report
5th April 2024 By: Sabrina Jardim

The Western Cape enjoys the lion’s share of semigration activity in South Africa and, as a result, has to cater to the shift in the market’s needs, says global property and lifestyle marketing... 


Human Settlements Minister Mmamoloko Kubayi
Old govt buildings to be converted into homes for State employees
5th April 2024 By: Darren Parker

Human Settlements Minister Mmamaloko Kubayi wants to convert old and unused government buildings into residential properties for government employees. She said this was part of an effort to do away... 


Spear to acquire Western Cape properties from Emira
2nd April 2024 By: Sabrina Jardim

JSE-listed real estate investment trust (Reit) Emira and its wholly owned subsidiaries have agreed to dispose of 13 predominantly industrial and office properties situated in the Western Cape to... 


Calgro M3 CEO Wikus Lategan
Calgro M3, Eris acquire Bankenveld District City development land parcel
2nd April 2024 By: Schalk Burger

A joint venture between JSE-listed property investment company Calgro M3 and property development company Eris has acquired a strategic land parcel for the Bankenveld District City development, in... 


An image of Human Settlements Minister Mmamoloko Kubayi
Human Settlements Minister outlines progress for 2023/24 year
28th March 2024 By: Tasneem Bulbulia

The government has made progress on its Medium-Term Strategic Framework targets and, as it wraps up this administration, believes these numbers will continue to increase, Human Settlements Minister... 


Four sites have been selected for a solar PV pilot project, after which solar PV will be rolled out to all bpSA-owned sites
Energy major gears up to roll out solar across retail sites as it marks South African centenary
28th March 2024 By: Terence Creamer

Energy group bp Southern Africa (bpSA) has set the expansion of its service station network in South Africa as a key priority as it moves to mark its centenary in a country where it first began... 


Watt Street precinct under construction
JDA looking for new contractor to finish Watt Street Precinct project
27th March 2024 By: Darren Parker

The City of Johannesburg’s infrastructure arm the Johannesburg Development Agency (JDA) has started the procurement process for a new contractor for the Watt Street Public Environment (PEU)... 


The Nexus 1 building
Attacq's Nexus 1 building achieves EDGE, Green Star certification
25th March 2024 By: Schalk Burger

Real estate investment trust Attacq's Nexus 1 building, in Waterfall City, which also serves as its headquarters, has received Excellence in Design for Greater Efficiencies (EDGE) certification.... 


‘It’s not all doom and gloom in our space’ – WBHO boss
22nd March 2024 By: Irma Venter

With a total pipeline of work of R240-billion, up from R211-billion in June, Wilson Bayly Holmes-Ovcon’s (WBHO’s) short- to medium-term future “should be okay”, says CEO Wolfgang Neff. “It’s not... 


Govt turns to private sector to fix public sector facilities
Govt turns to private sector to fix public sector facilities
19th March 2024 By: Irma Venter

Given the current economic downturn, government does not have the resources to look after all of its assets, says Department of Public Works and Infrastructure (DPWI) property management trading... 


Port of Durban
TNPA seeks to unlock land value through big leasing offer across seven ports
14th March 2024 By: Creamer Media Reporter

South Africa’s State-owned Transnet National Ports Authority (TNPA) has released tenders for nearly 100 leasing opportunities across seven of its sea ports in line with a real estate strategy that... 


Africa statue
Attacq posts growth in interim distributable income
12th March 2024 By: Marleny Arnoldi

JSE- and A2X-listed real estate investment trust (Reit) Attacq has posted a higher distributable income per share (DIPS) of 36.9c for the six months ended December 31, 2023, compared with the DIPS... 


An image of Fortress's Clairwood Logistics Park
Fortress achieves strong interim performance, simplifies capital structure
11th March 2024 By: Tasneem Bulbulia

Real estate company Fortress Real Estate Investments says it successfully simplified its capital structure through the implementation of a single class of share, as well as achieved other... 


Construction of Turffontein Clinic resumes
7th March 2024 By: Tasneem Bulbulia

The construction of Turffontein Clinic has restarted following a temporary stoppage, the Johannesburg Development Agency (JDA) says in a statement. The two-storey, 1 870 m² facility is said to be... 


Property transformation programme launched
6th March 2024 By: Tasneem Bulbulia

Industry regulator the Property Practitioners Regulatory Authority (PPRA) on March 6 launched the Transformation Property Partnership programme, which is aimed at enabling meaningful youth... 


Image of WBHO housing project in Lesotho
‘It’s not all doom and gloom in our space’ – WBHO boss
6th March 2024 By: Irma Venter

With a total pipeline of work of R240-billion, up from R211-billion in June, Wilson Bayly Holmes-Ovcon’s (WBHO’s) short- to medium-term future “should be okay”, says CEO Wolfgang Neff. “It’s not... 


Prefab buildings provider celebrates five decades
1st March 2024

Prefabricated buildings provider Kwikspace is celebrating more than five decades of delivering tailor-made solutions across diverse industries. With expertise spanning schools, clinics, mining,... 


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