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Commerical and Industrial Property

Consolidation provides opportunity for development

By: Robyn Wilkinson     9th December 2016 With low growth in the South African economy, there is a trend in both the commercial office and industrial property sectors towards consolidation and the relocation of existing operations to well-connected locations, says consulting engineering firm Arup. 

Phase 2 of South Africa’s largest mixed-use parkland to commence

     9th December 2016 Construction company Renico Earthworks & Civils will commence the R280-million contract for the construction of internal services in Phase 2 of the Steyn City Parkland Residence project, in Johannesburg, before the end of this year. 

Phase 2 of South Africa’s  largest mixed-use parkland to commence
MIXED LAND USE Steyn City will include a lifestyle resort, a city centre, a commercial park, retail outlets, a retirement village, a medical centre and private residences on its 810 ha of land

Property developers shift focus to manage economic risk

By: Robyn Wilkinson     9th December 2016 There has been a slowdown in the development of commercial properties as developers shift their focus to residential, healthcare and industrial projects to best manage risks in South Africa’s economic climate, says business management consultant WSP | Parsons Brinckerhoff Africa regional director... 

Property developers  shift focus to manage  economic risk
WILLIAM JOHNSTON Best practice designs that incorporate a holistic and sustainable approach to property development is becoming entrenched among South Africa developers

Partnership to bridge housing capital gap

     20th July 2012 Provincial housing funder Gauteng Partnership Fund (GPF) has partnered with the National Housing Finance Corporation (NHFC) on a R200-million Entrepreneur Empowerment Property Fund (EEPF) programme aimed at Human Development Index-owned companies pursuing rental-housing opportunities in Gauteng. 

Lack of appropriate housing stock a consequence of market failure

By: Dennis Ndaba     22nd August 2008 The lack of appropriate housing stock in South Africa is a consequence of “market failure,” says Standard Bank MD for integrated residential developments (IRDev) Kevin Duncan. 

R370m facelift for southern Joburg shopping complex

By: Dennis Ndaba     15th August 2008 Property developer Hyprop is to undertake a new R370-million expansion project at The Glen shopping centre, in southern Johannesburg, in line with the group’s strategy of focusing on asset-enhancing opportunities in its existing portfolio. 

A ‘Maponya Mall’ in every province. That’s the vision of a black business icon 

By: Dennis Ndaba     22nd February 2008 “I would like to be afforded an opportunity to build more malls through out the country,” the father of township retail and entrepreneur extraordinaire Richard Maponya announces casually in an exclusive interview with Engineering News at the comfort of his patio in Hyde Park, in... 

R750-million Tubatse Estate to begin later this year

By: Dennis Ndaba     1st February 2008 The Tubatse Estate, a R750-million visionary project to provide quality housing solutions in Burgersfort, in Limpopo, will begin in the second quarter of the year. 

Phase one of Stoneridge mall to be completed by October 2008

By: Dennis Ndaba     20th April 2007 Construction of the first phase of blue chip listed loan stock company Hyprop Investments’ new Stoneridge shopping complex is set to cost about R544-million and is scheduled for completion in October 2008. 

Industrial property buoyed by low vacancy rate, strong growth

By: Irma Venter     6th April 2007 Strong economic growth, rising building costs and low vacancy rates have ensured that the industrial property market kept up its grand performance during the last quarter of 2006. 

Developer in R1,6-billion retail-property acquisition

By: Mariaan Webb     24th February 2006 The JSE-listed property loan stock company Growthpoint Properties recently announced the acquisition of 24 prime properties, worth R1,6-billion, which increases its portfolio to over R11-billion. 

Firm eyes bigger and better property portfolio

By: Mariaan Webb     24th February 2006 Property loan-stock company, CBS Property Portfolio, which listed on the JSE at the end of last year, has built up a R987-million portfolio comprising selected properties in mainly the Western Cape, but it has also acquired properties in Gauteng and Kwazulu-Natal recently. 

Industrail property remains in high demand

By: Mariaan Webb     24th February 2006 The South African property market is exploding and with an increase in demand, driven by economic growth and steady interest rates, some of the country�s largest property funds are predicting a promising year for the property market. 

R120m mall extension set for completion this September

     24th February 2006 The architect of the original multiple award-winning Midlands Mall in Maritzburg, Bentel Associates International (BAI), has been retained for the R120-million extension project due for completion this year. 

The rebirth of an inner city

By: Mariaan Webb     24th February 2006 Over the last couple of years, South African inner-cities went through an extended period of decline. While businesses relocated to newer parts of the cities, inner-citieswere left with growing population numbers which resulted in overcrowding and illegal occupationof buildings. The... 

Tshwane inner-city plan launched

By: Liezel Hill     25th November 2005 The Department of Public Works (DPW) and the City of Tshwane Metropolitan Municipality (CTMM) earlier this month unveiled a multibillion-rand strategy aimed at improving working conditions for national government officials in the inner city. 

Tshwane launches government precinct regeneration plan

By: Liezel Hill     11th November 2005 The Department of Public Works (DPW) and the City of Tshwane Metropolitan Municipality (CTMM) yesterday unveiled a multibillion-rand strategy aimed at improving working conditions for national government officials in the inner city. 

Housing investments 'not just bricks and mortar' 

By: Liezel Hill     22nd August 2005 Leading property economist Francois Viruly on Friday echoed comments by Gauteng Premier Mbhazima Shilowa that urban regeneration programmes should not focus on developing central business districts (CBDs) and cultural precincts at the expense of the “Hillbrows and Bereas of the world”. 

SA seek salvation in regeneration

By: Helene Le Roux     19th August 2005 Twenty-five odd years ago, South Africa's central business districts (CBDs) were still the place to be, no matter what kind of business you were involved with. 

Madiba legacy to touch sky

By: peter cromberge     29th July 2005 Winning design announced on Nelson Mandela's birthday 

Gauteng prepares R17bn infrastructure roll-out

By: elizabeth rebelo     10th June 2005 South Africa’s wealthiest province Gauteng believes public investment in infrastructure will be a key contributor to economic growth, job creation and in improving social conditions as well as to bridging the gap between South Africa’s first and second economies. 

Developers shun solar energy to protect bottom lines

By: Nicola Mawson     18th March 2005 Recent fears over a shortage of electricity, compounded by last year’s fire at the Hursthill power station, have prompted people to consider alternative sources of power. 

Bedford Square on course for completion by mid-2007

By: Nicola Mawson     25th February 2005 Bedford Square will be fully operational by the middle of 2007, a confident Raymond Abrosie tells Engineering News. 

Bird's-eye view of Mother City

By: Nicola Mawson     25th February 2005 When inner-city living means no space to build horizontally, build up, says developer Roy Ingle. 

Property development not for the faint-hearted

By: Nicola Mawson     25th February 2005 The road to property development is paved with potholes – and not a case of easy money. 

Serendipity turns flea market owner into a property developer

By: Nicola Mawson     25th February 2005 Some 15 years ago Howard Matheson launched the Panorama flea market in Mulbarton, south of Johannesburg. 

The 'bubble': myth or fact?

By: Nicola Mawson     25th February 2005 Property analyst at Andisa Securities Len van Niekerk tells Engineering News that the pervasive view of a property bubble that is about to burst is a misconceived one. 

Vanderbijlpark's largest mall to open next year

By: Nicola Mawson     25th February 2005 Vanderbijlpark’s largest mall is set to be ready for a public shopping spree in April next year. 

Onsite brick production creates jobs, cuts costs

By: abdul cook     18th February 2005 Kimberley-based Shelter Fabrication and Construction was awarded the contract of the Soul City Project in the Northern Cape early last year. 

Soweto roads upgrade complete this month

By: abdul cook     18th February 2005 This month will see the completion of 7,2 km of newly-upgraded and tarred roads in Soweto, Gauteng, by the Nyoni Africa Joint Venture. 

From power station to peace centre

By: Jill Stanford     4th February 2005 ALTHOUGH a final decision on the commercial component is still to be taken, Desmond Tutu Peace Trust executive director Chris Ahrends is confident that work on the Desmond Tutu Peace Centre will begin in Cape Town’s central business district this year. 

Tax relief for inner city development

     29th October 2004 The South African government has launched a new tax incentive to encourage companies to invest in the development of new buildings or refurbishments in the inner cities of Johannesburg and Cape Town. 

R200m for North West spatial development project

     24th August 2004 North West Premier Edna Molewa has pledged R200-million towards spatial development initiatives (SDIs) in the province in an effort to revive the provincial economy. 

Engineers in urban renewal and science project

     6th August 2004 Engineering firm WSP Consulting Engineers and Ubunye Engineering Services have been jointly appointed to carry out all of the civil, structural, mechanical and electrical work on the Sci-Bono Discovery Centre in Newtown, Johannesburg. 

New development on the cards for Newtown

By: Helene Le Roux     6th August 2004 The Johannesburg Development Agency (JDA), one of the organisations spearheading the urban renewal drive in Newtown, in Johannesburg, anticipates that the first mixed-use project mooted for the area could be implemented as soon as January. 

Soweto redevelopment project kicks off

     4th August 2004 A R6-million redevelopment project in Diepkloof Soweto, that will bring about the Diepkloof Extension 3 Neighbourhood Centre, has been initiated by the City of Joburg Property Company (JPC). 

Khayelitsha receives R60m for renewal

     27th July 2004 The Khayelitsha township has received a whopping €7,5-million (approximately R60-million) that will bring increased development in the area. 

BEE group to develop Cape power-plant site

By: Jill Stanford     23rd July 2004 A BLACK empowerment partnership is to develop a R390-million residential, commercial and retail centre on the old power station site in Cape Town’s financial district. 

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