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Property News

New Joburg council chamber design draws on lekgotla theme

By: David Oliveira     20th January 2017 The new R340-million Johannesburg Council Chamber building, with several unique features, was showcased to the media last month by the Joburg Property Company (JPC). JPC property development senior manager Alan Dinnie explained during the tour that the new building, expected to reach completion... 

Atterbury progressing with Pretoria legal hub development

By: Megan van Wyngaardt     19th January 2017 Property developers Atterbury are progressing with the development of a 6 000 m2 urban office precinct, aimed at legal practitioners. The Club Advocates’ Chambers, near Menlo Park, in Pretoria, will offer office space for around 120 advocates, with the option of sectional title ownership. 

Atterbury progressing with Pretoria legal hub development

Draft new built environment regulations to be completed by financial year-end – Nxesi 

By: Anine Kilian     13th January 2017 The Department of Public Works (DPW) is reviewing “outdated” legislation that regulates the built environment. Addressing media on the sidelines of a DPW bursary awards ceremony in Centurion, on Friday, Public Works Minister Thulas Nxesi noted that the department intends to have new built... 

Draft new built environment regulations to be completed by financial year-end – Nxesi
Public Works Minister Thulas Nxesi says the department is making progress with its seven-year turnaround plan. Video and editing: Nicholas Boyd.

Nelson Mandela Children’s Hospital seeks to bring hope 

     12th January 2017 From Creamer Media in Johannesburg, this is the Real Economy Report. Sashnee Moodley: The brainchild and dream of former statesman Nelson Mandela, who encouraged society’s involvement in the nurturing and safeguarding of children, The Nelson Mandela Children’s Hospital, will soon launch. Megan... 

Nelson Mandela Children’s Hospital seeks to bring hope
Nelson Mandela Children’s Hospital seeks to bring hope

KwaZulu-Natal to get another retail, logistics park

By: Megan van Wyngaardt     10th January 2017 A multimillion-rand logistics and retail park being developed by M&F Giuricich Developments and Fortress Property Fund, in KwaZulu-Natal, will be built this year. The logistics park, located between the King Shaka International Airport and Durban, will form part of the N2 Business Estate, located... 

KwaZulu-Natal to get another retail, logistics park

Property Point opens applications for enterprise development programme

By: Megan van Wyngaardt     20th December 2016 Enterprise development vehicle Property Point, a Growthpoint Properties initiative, has invited entrepreneurs that have businesses operating in the property industry to apply for its next two-year enterprise development programme intake before January 31, 2017. As part of its latest intake,... 

Timber houses become tourist attraction

By: Megan van Wyngaardt     20th December 2016 Thirty-two forestry workers’ timber houses at the Grootvadersbosch Nature Reserve, near Heidelberg, in the Western Cape, have been transformed into “eco-unit” accommodation for tourists. Work on this R14.5-million project, commissioned for conservation group CapeNature, started in April 2015 and... 

Property stalwart's light is dimmed

By: Megan van Wyngaardt     19th December 2016 Property industry stalwart Gerald Leissner passed away on December 16. Leissner was founder and CEO of JSE-listed property investment companies Arrowhead and Stenprop, as well as chairperson of Indluplace. 

Football Safe-Hub kicks off in Alexandra 

     14th December 2016 From Creamer Media in Johannesburg, this is the Real Economy Report. Sashnee Moodley: The Totalsports Safe-Hub, a football-based after-school programme for youth development, was launched last month in Alexandra, Johannesburg, as part of the South African Football Association’s (Safa’s) Vision... 

Football Safe-Hub kicks off in Alexandra
Football Safe-Hub kicks off in Alexandra

New Johannesburg Council Chamber to allow for greater public participation in governance

By: David Oliveira     13th December 2016 The new R340-million Johannesburg Council Chamber building, which is expected to be complete in March next year, will boast dedicated seats for the public and media. Joburg Property Company (JPC) property development senior manager Alan Dinnie on Tuesday told journalists attending a media tour... 

Local property market expected to pick up in 2017

By: Megan van Wyngaardt     12th December 2016 While political and economic uncertainty is likely to continue across the globe next year, it is hoped that local economic growth will be modestly stronger, which will be more supportive for the South African housing market, Pam Golding CEO Dr Andrew Golding said on Monday. “Economists and... 

Local property market expected to pick up in 2017

First phase of new medical precinct in Cape Town completed

By: Megan van Wyngaardt     9th December 2016 The new flagship Netcare Christiaan Barnard Memorial Hospital has been opened in Cape Town’s central business district (CBD). The 16-storey building, with about 30 000 m2 of floor space, will comprise 248 beds, of which of 61 will be used for intensive care and high care. 

First phase of new medical precinct in Cape Town completed

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

Building confidence index ticks up, but conditions unsatisfactory

By: Megan van Wyngaardt     7th December 2016 The First National Bank (FNB)/Bureau for Economic Research Building Confidence Index reached its highest level in a year, at 40 points, in the fourth quarter.  This was two points higher than the 38 points recorded in the third quarter, bolstered by confidence being higher in all but two of the... 

Building confidence index ticks up, but conditions unsatisfactory

Cameras roll in Joburg sky to bring African stories to the world 

     7th December 2016 African stories have a new avenue for expression following the October launch of the Sky Rink Studios, which replaces the old ice rink atop Carlton Centre’s parking lot in downtown Johannesburg. David Oliveira tells us more. 

Cameras roll in Joburg sky to bring African stories to the world
Cameras roll in Joburg sky to bring African stories to the world

Sasol shows off new corporate head office 

By: Megan van Wyngaardt     6th December 2016 The final phase of global chemicals company Sasol’s new headquarters, Sasol Place, in Sandton, its tenth floor, was commissioned on Monday. This not only houses its group executive suites, but also hosts the company’s engagement facilities. This completes the 11-storey, 47-m-tall office complex,... 

Sasol shows off new corporate head office
Sasol project management lead Adam Sargent tells Engineering News Online about the new office. Cameraperson and editing: Nicholas Boyd 06/12/16

Liberty lists new Reit, raises nearly R4bn 

By: Natasha Odendaal     6th December 2016 Liberty Group on Tuesday successfully unbundled and listed a portion of its property portfolio on the JSE’s main board as real estate investment trust (Reit) Liberty Two Degrees (L2D), raising some R3.8-billion. The Amelia Beattie-led Reit raised R3-billion at listing price from invited investors... 

Liberty lists new Reit, raises nearly R4bn
Liberty Group on Tuesday successfully unbundled and listed a portion of its property portfolio on the JSE’s main board as real estate investment trust Liberty Two Degrees, raising some R3.8-billion. Camerawork and editing: Darlene Creamer 6.12.2016

Sun City relaunches after R1bn upgrade

By: African News Agency      2nd December 2016 Government Ministers, businesspeople and representatives from the media joined a host of entertainers including fire throwers, stilt walkers, dancers and a scattering of Miss South Africas, past and probably future, at Sun City this week to celebrate the resort’s relaunch after a R1-billion... 

Durban's Hilton Hotel undergoing major refurbishment

By: Dylan Slater     2nd December 2016 Scheduled for completion in May 2017, the Hilton Hotel Durban is undergoing a refurbishment project undertaken by professional services company Turner & Townsend as project managers.  

JSE-listed Reits' performance impressive

By: Megan van Wyngaardt     1st December 2016 Nine South African real estate investment trusts (Reits) are in the Top 100 Companies listed on the JSE, based on value created for shareholders over five years. The sector’s top player was Fortress Income Fund B, which earned second place overall with a compound yearly growth rate of 58.51%.... 

Nedbank to build new office, retail offering in Umhlanga

By: Megan van Wyngaardt     30th November 2016 Nedbank has committed to investing R1-billion into a new mixed-use office and retail development in Umhlanga, KwaZulu-Natal, which is currently under construction. The Park Square development, which is located in the fast-growing Umhlanga Parkside node adjacent to CJ Saunders Park and opposite... 

PwC sees construction industry’s market capitalisation recover

By: Megan van Wyngaardt     29th November 2016 Although the market capitalisation and financial performance of local construction industry participants have declined over the past financial year, professional services firm PwC on Tuesday said some construction companies have since experienced an improvement in profitability. Despite ongoing... 

WBHO signs development agreements to promote black construction companies

By: Megan van Wyngaardt     29th November 2016 Construction company Wilson Bayly Holmes-Ovcon (WBHO) on Tuesday signed development agreements with three black-owned contractors, Motheo Construction Group, Fikile Construction and Edwin Construction, as part of a deal signed with government in October to ensure the inclusivity of black... 

WBHO signs development agreements to promote black construction companies

Aveng nears completion on Sasol Place

By: Megan van Wyngaardt     28th November 2016 Aveng Grinaker-LTA is nearing the completion of Sasol’s new global headquarters, Sasol Place, in Sandton. The building is designed in an S-shape, which links the core of the building with two atriums and represents the linked particles of the Sasol logo. The internal structure of the building is... 

Work starts on R50bn KZN lifestyle development

By: Dylan Slater     25th November 2016 During the construction of the Sibaya Coastal Precinct – situated along the northern corridor of KwaZulu-Natal between the natural boundaries of the Ohlanga river and uMdloti river estuaries – more than 300 000 jobs are set to be created and an estimated R50-billion invested to produce the... 

Work starts on R50bn KZN lifestyle development
KZN COASTAL PRECINCT The Sibaya Coastal Precinct is conceptualised around connecting people to family, community and nature

Stenprop posts strong interim results for half-year

By: Megan van Wyngaardt     24th November 2016 European property investment group Stenprop on Thursday reported saw a strong interim period, with its headline earnings of €16.5-million increasing from the previous year’s €13.5 million, diluted headline earnings a share of €5.78c apiece. Further, the company declared a dividend of 4.5c apiece,... 

Eastgate Shopping Centre wins Saisc Award 2016

By: Simone Liedtke     18th November 2016 The group of companies responsible for the multimillion-rand refurbishment of Eastgate Shopping Centre, in Bedfordview, were named as overall winners at the 2016 South African Institute of Steel Construction (SAISC) Steel Awards. 

Eastgate Shopping Centre wins Saisc Award 2016
EASTGATE SHOPPING CENTRE The refurbishment project, completed last month, received the award from SAISC

New development phase launched at gas-equipped Centurion estate

By: David Oliveira     18th November 2016 Southdowns Residential Estate, in Centurion, celebrated its tenth anniversary and the launch of its latest development phase earlier this month, which will result in the construction of 65 townhouses and 16 full-title clusters. The townhouse options include two- and three-bedroom lofts in sizes... 

New development phase launched at gas-equipped Centurion estate
ESTATE DEVELOPMENT Southdowns Estate has launched its latest development phase, which will result in the construction of 65 townhouses and 16 full-title clusters

Sasol employees move into new headquarters

By: Megan van Wyngaardt     16th November 2016 The relocation of 2 500 of energy and chemicals company Sasol’s employees from its 11 commercial properties spread across Johannesburg, including the Sturdee road complex, in Rosebank, into the company’s global headquarters, Sasol Place, in Sandton, has started. The 67 000 m2, ten-storey... 

Arrowhead records 9.85% growth in FY dividends

By: David Oliveira     16th November 2016 JSE-listed real estate investment trust (Reit) Arrowhead Properties recorded a 9.85% year-on-year rise in dividends to 82.55c for the financial year ended September 30. COO Mark Kaplan told Engineering News Online in a telephone interview that the company had recorded “north of 13%” compound... 

Transfer delays impact on Balwin’s otherwise solid H1 performance

By: Samantha Herbst     15th November 2016 Three property registration delays have impacted on Balwin Properties' otherwise glowing half-year results, according to the residential property developer, which saw a 36% decline in headline earnings a share and earnings a share to 37c respectively in the six months to August 31. The group’s... 

Transfer delays impact on Balwin’s otherwise solid H1 performance
Balwin CEO Stephen Brookes

Liberty Two Degrees confirms December JSE listing plans

By: Megan van Wyngaardt     15th November 2016 Real estate investment trust (Reit) Liberty Two Degrees plans to list on the Diversified Real Estate Investment Trust sector of the main board of the JSE in early December, subject to market conditions and approval by the JSE. Financial services company Liberty Holdings in August announced that... 

Futuregrowth invests R625m in housing projects 

By: Megan van Wyngaardt     14th November 2016 A R625-million investment by Futuregrowth Asset Management will see more than 20 000 Gauteng families become first-time homeowners, enabling them to secure a firm foothold in the residential property market. The company has invested in major housing projects being developed by the Cosmopolitan... 

New Hermanus Medical Village to open in January

By: Mia Breytenbach     11th November 2016 The increasing population of Hermanus and the surrounding Overberg area, as well as high demand for quality medical facilities, has prompted Cape Town-based commercial and industrial property brokers Annenberg Property Group to develop a multi-disciplinary, state-of-the art medical centre in... 

New Hermanus Medical Village to open in January
ENVISIONED HEALTHCARE The Hermanus Medical Village will include an oncology centre, a 20-bed subacute facility, the Hermanus Elderly Care Place frail care facility and a day hospital

South Africa has most construction projects on continent – report

By: Megan van Wyngaardt     9th November 2016 South Africa continues to account for the most infrastructure and capital project activity in Southern Africa, at 48.2%, followed by Angola at 12.9% and Mozambique and Zambia at 10.6% each. South Africa also has the most projects, by country, in Africa, at 41 projects, Deloitte’s 'Africa... 

South Africa has most construction projects on continent – report

Dipula revenue exceeds R1bn for first time

By: Megan van Wyngaardt     9th November 2016 JSE-listed diversified real estate investment trust (Reit) Dipula Income Fund’s revenue exceeded the R1-billion mark for the first time since its inception. Revenue increased by 46% in the year ended August 31, while the Reit’s distributable earnings soared 15.8% to R384.6-billion, despite... 

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