http://www.engineeringnews.co.za
R/€ = 14.88 Change: -0.14
R/$ = 13.02 Change: -0.07
Au 1243.96 $/oz Change: -5.50
Pt 922.00 $/oz Change: -0.50
 

Property News

EPP continues to see organic, acquisitive growth opportunities in Poland

By: Megan van Wyngaardt     Updated 1 hour 27 minutes ago Having followed an aggressive strategy and completing five acquisitions in the three months ended March 31, JSE-listed real estate investment trust (Reit) Echo Polska Properties (EPP) is set for strong distribution growth in the year ahead, having reported distributable income a share of €2.74... 

Govt will spend R1.8bn to increase university lodgings by 2020

By: Megan van Wyngaardt     27th June 2017 The Department of Higher Education and Training has allocated around R1.8-billion to increase the number of available beds at public universities by 28 690 by 2020. In response to a Parliamentary question by opposition party, the Democratic Alliance, Higher Education and Training Minister Dr... 

TNPA unveils R255m admin building at Ngqura

By: Megan van Wyngaardt     27th June 2017 State-owned Transnet National Ports Authority (TNPA) has unveiled a new R255-million administration building – eMendi – at the Port of Ngqura, in the Eastern Cape. Speaking at the unveiling, TNPA CEO Richard Vallihu said the 10 000 m2 building was named in reference to the SS Mendi troop ship... 

TNPA unveils R255m admin building at Ngqura

PwC Tower receives commendation in Fulton Awards

By: Megan van Wyngaardt     23rd June 2017 The PwC Tower, in Midrand, which is nearing completion, has received a commendation in the buildings greater than three storeys category at the 2017 biennial Fulton Awards, hosted by the Concrete Society of South Africa. The PwC Tower is the twenty-fourth tallest twisted building in the world and... 

Stenprop mulls London listing as it pursues UK prospects

By: Mia Breytenbach     23rd June 2017 Following the acquisition of a portfolio of 25 multilet industrial (MLI) properties in the UK earlier this month, JSE-listed property investment company Stenprop is  considering the merits of a conversion to real estate investment trust status, as well as a possible listing on the LSE. The... 

Stenprop mulls London listing as it pursues  UK prospects
Photo by Bloomberg
ATTRACTIVE MARKET Stenprop earlier this month announced the £130.5-million acquisition of a portfolio of multilet industrial (MLI) properties in the UK

Dipula CEO to head Reit association

By: Megan van Wyngaardt     21st June 2017 The South African Real Estate Investment Trust (SA Reit) Association has appointed Dipula Income Fund CEO Izak Petersen as its chairperson.   He has extensive experience in the financial services environment spanning investment banking, asset management and property.  With over R400-billion in... 

Dipula CEO to head Reit association
SA Reit Association chairperson Izak Petersen

Ngebulana to step down as Rebosis CEO in September

By: Megan van Wyngaardt     20th June 2017 JSE-listed property developer Rebosis’s recent acquisition of two dominant regional shopping malls and management companies from Billion Group has necessitated the company making some key leadership changes. The company on Tuesday noted that it had become imperative to have dedicated and... 

Ngebulana to step down as Rebosis CEO in September
Rebosis CEO Sisa Ngebulana

Sisulu adjusts social housing programme

By: Anine Kilian     19th June 2017 Human Settlements Minister Lindiwe Sisulu has approved adjustments made to the social housing programme. This comes after the launch of the Westgate social housing project in Pietermaritzburg, KwaZulu Natal, on Monday, which was officiated by President Jacob Zuma. 

Need for business to safeguard and support environmental protection initiatives

By: Simone Liedtke     16th June 2017 There is increasing pressure on businesses whose production processes produce waste to become more sustainable and support government’s efforts to safeguard the future of the environment by minimising their carbon footprint within their operations, says waste management company Interwaste group... 

Need for business to safeguard and support environmental protection initiatives
REWARDING BENEFITS By obtaining green accreditation, businesses are recognised and can be rewarded for the role they play in protecting the environment

Accelerate Property Fund reports strong FY performance, sees tough times ahead

By: Megan van Wyngaardt     14th June 2017 JSE-listed Accelerate Property Fund on Wednesday boasted strong financial results for the year ended March 31, with its year-on-year distribution per share up 7.3% to 57.75c apiece. Since listing in December 2013, its portfolio has grown from R5.5-billion, at a share price of R4.88 apiece, to... 

Accelerate Property Fund reports strong FY performance, sees tough times ahead
Accelerate CEO Andrew Costa

Attacq takes further steps to achieve Reit status

By: Megan van Wyngaardt     13th June 2017 JSE-listed property developer Attacq on Monday said it was adopting an income distribution strategy, aimed at taking it one step closer to gaining real estate investment trust (Reit) status, which includes the reduction of existing debt facilities using the proceeds from the disposal of its... 

Attacq takes further steps to achieve Reit status
Photo by Attacq
Attacq CEO Morne Wilken

Stor-Age maintains growth trajectory

By: Anine Kilian     13th June 2017 JSE-listed real estate investment trust Stor-Age increased its divided by 10% year-on-year to R88.05 in the year ended March 31 and is expecting 9% to 10% dividend growth in the current financial year. The company noted that its results were driven by a strong trading performance across the... 

SA retail Reit to actively pursue opportunity in Spain

By: Mia Breytenbach     9th June 2017 JSE-listed real estate investment trust (Reit) Vukile is actively evaluating opportunities in Spain to diversify its earnings stream and enhance its high-quality portfolio. During the company’s results presentation in Johannesburg last month, CEO Laurence Rapp noted that Vukile had a R1.5-billion... 

SA retail Reit to actively pursue opportunity in Spain
ACQUISITION ADDITION Vukile Property Fund acquired a 25% stake in the Springs Mall, in Gauteng, which opened in March

Stor-Age to acquire StorTown portfolio

By: Anine Kilian     8th June 2017 JSE-listed Stor-Age will acquire the Durban-based StorTown portfolio of self-storage assets from the DanCor Properties group, the self-storage real estate investment trust announced Thursday. The StorTown portfolio comprises four well-tenanted and geographically attractive properties in... 

New empowered property company to benefit those seeking BBBEE compliance

By: Anine Kilian     8th June 2017 New black-empowered property fund Izandla Property, which is sponsored by Investec Property (IP) and Investec Property Fund (IPF), was officially launched, in Johannesburg, on Thursday. Izandla Property’s majority shareholding is the Entrepreneurship Development Trust (EDT), a broad-based... 

Stenprop pursues UK prospects; mulls Reit status, LSE listing

By: Mia Breytenbach     8th June 2017 Following the acquisition of a portfolio of 25 multilet industrial (MLI) properties in the UK earlier this week, JSE-listed property investment company Stenprop is  considering the merits of a conversion to real estate investment trust status, as well as a possible listing on the LSE. The company... 

Stenprop pursues UK prospects; mulls Reit status, LSE listing

Construction costs in Johannesburg set to rise 7.5%

By: Megan van Wyngaardt     8th June 2017 Johannesburg has been ranked fourth among the top five global cities where construction costs will increase over the next year, with the cost of construction set to rise about 7.5% over 2017/18, against a global average of 3.5%, professional services company Turner & Townsend’s ‘International... 

Construction costs in Johannesburg set to rise 7.5%

Stenprop dabbles in UK industrial sector

By: Megan van Wyngaardt     7th June 2017 JSE-listed property investment company Stenprop will acquire 25 separate multilet industrial (MLI) properties, as well as the management business that has built up and managed the portfolio, C2 Capital, for a combined consideration of £130.5-million. The MLI portfolio is situated in or near... 

McDonald’s rolls out first revamped restaurant

By: Anine Kilian     7th June 2017 Food and beverage giant McDonald’s South Africa unveiled its first newly built, revamped restaurant at Stoneridge shopping centre, in Johannesburg on Wednesday. The R10-million flagship Stoneridge rebuild is the first of its kind in the fast food major’s Middle East and African markets. 

McDonald’s rolls out first revamped restaurant

More than 30 properties up for lease at the Port of Durban

By: Anine Kilian     5th June 2017 State-owned Transnet National Ports Authority (TNPA) is offering new lease agreements for more than 30 properties and operational sites in the Port of Durban’s Ship Repair and Bayhead precincts. The commercial sites, which can be leased for a minimum of five years, present opportunities for new... 

Delta increases distribution by 7.1%, but sees earnings flat for year ahead

By: Megan van Wyngaardt     29th May 2017 JSE-listed real estate investment trust (Reit) Delta Properties has declared a distribution of 97.24c a share for the financial year ended February 28, which represents a 7.1% year-on-year increase. CEO Sandile Nomvete highlighted that this was testimony to the company’s ongoing efforts to focus... 

Rezidor opens first Park Inn by Radisson in Rwanda

By: Natasha Odendaal     26th May 2017 The Rezidor Hotel Group has continued its African growth momentum with the unveiling of its first Park Inn by Radisson in Kigali, Rwanda, which is its fifth in East Africa. The newest four-star hotel, which is the second to be opened in the region this year, brings the hotel group’s African and... 

Earthworks for 42 500 m2 office to start in August

     26th May 2017 Bulk earthworks for the 42 500 m2 property that hosts auditing and consulting firm Deloitte South Africa’s new Gauteng office is excepted to start in August, with construction expected to start in the fourth quarter of this year. Property development company Atterbury announced last month that it... 

Earthworks for 42 500 m2 office to start in August
ULTRA MODERN The premises has capacity for about 5 000 people and will consolidate Deloitte’s current Woodmead and Pretoria offices in a single central location

Property developer to unveil rental model at Boksburg development

By: Mia Breytenbach     26th May 2017 Residential property developer Balwin Properties will soon announce details of the rental model that the group will use in Boksburg and Linbro Park, in Gauteng, and in Pretoria. Balwin Properties CEO Stephen Brookes noted during the developer’s results presentation in Johannesburg earlier this... 

Property developer to unveil rental model at Boksburg development
PLEASING PERFORMANCE Balwin Properties’ The Polo Fields, which was launched in February, reached more than 300 presales

Vukile to actively pursue opportunity in Spain, sees through ‘momentous’ year

By: Mia Breytenbach     24th May 2017 JSE-listed real estate investment trust (Reit) Vukile, which on Wednesday posted a 7.1% year-on-year increase in its dividend to 156.75c a share for the year ended March 31, is actively evaluating opportunities in Spain to diversify its earnings stream and enhance its high-quality portfolio. CEO... 

Vukile to actively pursue opportunity in Spain, sees through ‘momentous’ year
Vukile Property Fund CEO Laurence Rapp

Arrowhead delivers higher H1 dividend

By: Natasha Odendaal     24th May 2017 JSE-listed residential real estate investment trust Arrowhead on Wednesday declared a dividend of 43.24c a share for the six months ended March 31, 2017 – representing a 6.01% increase year-on-year. The Reit is “solidly” on track to meet its full-year dividend forecast. 

Gemgrow declares maiden dividend

By: Megan van Wyngaardt     17th May 2017 Real estate investment trust Gemgrow Properties declared a dividend of 24.85c per A share and 18.15c per B share in its maiden results for the six months ended March 31. Investment property increased from R2.4-billion to R4.3-billion for the six months, attributable to an asset exchange with... 

Dipula H1 distributable earnings up 9.5%

By: Megan van Wyngaardt     17th May 2017 Through “sweating its assets”, JSE-listed Dipula Income Fund achieved 9.5% organic growth in its distributable earnings for the six months ended February 28, to R194.2-million, which further resulted in an increase in combined dividends a share of 6.3%. The dividend attributable to A-shares... 

Balwin delivers solid year-end results, sustains property demand

By: Mia Breytenbach     15th May 2017 Residential property developer Balwin Properties has achieved a solid financial performance in the year ended February 28, with headline earnings a share and earnings a share up by 7% to 141c. The group’s profit for the period improved by 18% year-on-year to R661-million, while revenue rose 30%... 

Balwin delivers solid year-end results, sustains property demand
Balwin CEO Stephen Brookes

Cement and concrete affected by faltering construction industry

By: Tasneem Bulbulia     12th May 2017 The construction industry in South Africa – which is tied directly to the state of cement and concrete – is stuttering, but there is scope to improve, says chemicals solutions provider Chryso Southern Africa (Chryso) CEO Norman Seymore. It has been widely reported that the construction industry... 

Cement and concrete affected by faltering construction industry
Photo by Bloomberg
NOTHING CONCRETE A lack of major infrastructure projects in South Africa is negatively affecting the construction industry, thereby hindering the state of cement and concrete

Mitigating poorly laid concrete floors

By: Tasneem Bulbulia     12th May 2017 An element often overlooked by the construction industry when laying screeds for floor surfaces is the importance of laying concrete subfloors correctly for flooring suppliers, says interior flooring supplier and installer KBAC Flooring senior contracts manager Ian Duncan. He tells Engineering... 

Mitigating poorly laid concrete floors
Photo by Bloomberg
UNDER THE SURFACE Poorly laid concrete floors are problematic for flooring installers, who have to remedy this before laying floor coverings

Indluplace posts higher income, sees ample opportunity for growth

By: Megan van Wyngaardt     10th May 2017 JSE-listed residential real estate investment trust (Reit) Indluplace on Wednesday posted an increase in its distributable income for the half-year ended March 31, to R117-million, up from the prior year’s R110-million. The acquisition of Garden Views, a 64-unit complex in Randburg, in Gauteng,... 

No quick fixes to housing problems – City of Joburg

By: News24Wire      9th May 2017 City of Johannesburg officials are working with local councillors to address the demand for housing in Eldorado Park, following violent protests on Monday. “We recognise the frustrations of this community, following years of mismanagement and neglect in our city. We ask our residents for patience... 

Redefine confident of maintaining growth in future, even in uncertain environment

By: Megan van Wyngaardt     8th May 2017 JSE-listed Redefine Properties, which posted 7.5% distribution growth to 4.82c a share for the six months to February 28, on Monday said it was “well-poised to weather the coming storm” owing to its diversified asset platform. During a media briefing, CEO Andrew Konig outlined that the real... 

Asset management company launches new logistics facility

By: David Oliveira     5th May 2017 Asset management company Fortress Income Fund launched its 19 878 m2 Westlake View logistics park in March, further increasing the company’s warehousing and logistics development pipeline. The company currently has a gross leasable area of about one-million m2 that spans Gauteng, the Western Cape... 

Gauteng to spend R46-billion on infrastructure projects

By: Anine Kilian     4th May 2017 The Gauteng provincial government will spend R46-billion on infrastructure over the next three years, Premier David Makhura said on Thursday. Delivering the keynote address at the Gauteng Infrastructure Funding Summit, he said the investment would contribute significantly to economic empowerment,... 

Gauteng to spend R46-billion on infrastructure projects
Photo by Duane Daws
Gauteng Premier David Makhura

Housing projects to uplift military veterans

By: Megan van Wyngaardt     3rd May 2017 The Department of Human Settlements has allocated 30% of its budget for building military veterans’ houses to companies owned by military veterans. “No military veterans housing project will be implemented without the allocation of a certain percentage of the work to military veterans’... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Company Announcements

more

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119 Close