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Govt turns to private sector to fix public sector facilities
Govt turns to private sector to fix public sector facilities
Updated 4 hours ago 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,... 


Solar panels being installed
Redefine to double renewable power to 80 MW in two to three years
27th February 2024 By: Schalk Burger

JSE-listed real estate investment trust (Reit) Redefine Properties, which has an installed solar photovoltaic (PV) capacity of 40.86 MW, is installing an additional 27.2 MW of capacity across its... 


An image of SA Home Loans CEO Rob Kelso and COO Zakheni Dlamini
SA Home Loans bullish about future, despite 2023 headwinds
26th February 2024 By: Tasneem Bulbulia

As it celebrates its twenty-fifth birthday this week, mortgage finance company and mortgage insurance provider SA Home Loans is optimistic that, despite considerable challenges for consumers and... 


Vukile CEO Laurence Rapp
Vukile raises R1bn for acquisitive growth
20th February 2024 By: Marleny Arnoldi

JSE-listed Vukile Property Fund will issue R1-billion of new ordinary shares following a successful accelerated bookbuild, with the funds to be used to capitalise on a pipeline of growth... 


Image of Cape Town mayor Geordin Hill-Lewis
Cape Town greenlights fund to help build rental units in lower-income communities
16th February 2024 By: Irma Venter

The City of Cape Town Mayoral Committee (Mayco) has greenlit the creation of a Development Charges Fund to support micro-developers in building affordable housing in lower-income communities.  The... 


Landsdowne reports progress on Orlando Towers, Steyn City developments
Landsdowne reports progress on Orlando Towers, Steyn City developments
16th February 2024

As managers of the Orlando Towers Estate, a sectional title and lifestyle development in Soweto, Gauteng, residential real estate manager Landsdowne Property Group notes that there is growth... 


An image depicting Landsdowne CEO Jonathan Kohler
Landsdowne sees growth potential for sectional title estates in townships
15th February 2024 By: Sabrina Jardim

As managers of the Orlando Towers Estate, a sectional title and lifestyle development in Soweto, Gauteng, residential estate manager Landsdowne Property Group notes that there is growth potential... 


Nedbank CIB funds first Reit in Ghana
15th February 2024 By: Tasneem Bulbulia

Nedbank Corporate and Investment Banking’s (CIB’s) Property Finance division has funded the first real estate investment trust (Reit) in Ghana. The CIB Property Finance team on February 15... 


Reside Summit chairperson Debbie Tagg
Residential development summit to foster govt, private sector collaboration
15th February 2024 By: Schalk Burger

The Residential Investment and Development (Reside) Summit, which will be held in Johannesburg from July 16 to 19, has a key objective to foster collaboration between governmental stakeholders and... 


Image of Cape Town Mayor Geordin Hill-Lewis and city manager Lungelo Mbandazayo 
Cape Town to invest R43bn in infrastructure in the next three years – mayor
14th February 2024 By: Irma Venter

Cape Town Mayor Geordin Hill-Lewis says the city will invest R43-billion in infrastructure over the next three years. The ten-year project pipeline is valued at R120-billion. 


Radisson Hotel & Convention Centre. O.R.Tambo
Radisson added more than 3 800 new rooms in Middle East, Africa last year
13th February 2024 By: Darren Parker

Radisson Hotel Group signed 22 additional hotels, resorts and serviced apartments in 2023, adding more than 3 800 rooms to its Middle East and Africa regional portfolio. Globally, the group wrapped... 


Growthpoint South Africa CEO Estienne de Klerk
Growthpoint issues R1bn ten-year bond
7th February 2024 By: Schalk Burger

JSE-listed real estate investment trust (Reit) Growthpoint Properties has issued a R1-billion senior unsecured bond with a ten-year maturity. The ten-year note was placed at a margin of 185 basis... 


Jocelyn Evans
Opinion: Addressing fire safety concerns – a critical examination of regulatory compliance in public buildings
2nd February 2024

In this article, South African Institution of Civil Engineering (Saice) members Jocelyn Evans and Professor Richard Walls reflect on the complex issues surrounding fire safety regulatory compliance... 


Growthpoint Properties South Africa CEO Estienne de Klerk
Growthpoint enters 195 GWh/y renewable energy PPA with Etana Energy
30th January 2024 By: Schalk Burger

JSE-listed real estate investment trust Growthpoint Properties has entered into a power purchase agreement (PPA) with electricity trader Etana Energy for 195 GWh/y of renewable energy, which... 


Emira CEO Geoff Jennett
Emira concludes its acquisition of Transcend
29th January 2024 By: Schalk Burger

JSE-listed real estate investment trust (Reit) Emira has finalised the acquisition and subsequent delisting of fellow Reit Transcend. The properties of Transcend's portfolio of 4 000 tenants will... 


TUHF announces expansion strategy for affordable housing in South, Southern Africa
15th January 2024 By: Schalk Burger

Commercial property financing company TUHF has announced an ambitious expansion strategy aimed at addressing the evolving demands for affordable housing across South Africa, as it marks its 20-year... 


Aerial view of the Arterial Industrial Estate
Growthpoint lets first two of six Arterial Industrial Estate units in Phase 1
12th December 2023 By: Schalk Burger

JSE-listed real estate investment trust Growthpoint Properties has let the first two of six units in Phase 1 of its Arterial Industrial Estate development, in Cape Town, to paints and coatings... 


Fairvest CEO Darren Wilder
Fairvest posts income growth, lower vacancies
29th November 2023 By: Marleny Arnoldi

JSE-listed Fairvest has made excellent progress in derisking its balance sheet, reducing vacancies and disposing of noncore assets in the financial year ended September 30. The property company... 


An image of Vukile Property Fund CEO Laurence Rapp
Vukile increases full-year guidance on the back of strong interim performance
29th November 2023 By: Tasneem Bulbulia

JSE-listed Vukile Property Fund achieved a 10% increase in its cash dividend to 52.1c a share and a 5.2% growth in its funds from operations (FFO) to 85c apiece for the six months ended September... 


Attacq CEO Jackie van Niekerk
Attacq on track to deliver 2024 year-end dividend growth guidance
28th November 2023 By: Darren Parker

Real estate investment trust Attacq is on track to deliver its 2024 financial year guidance for dividend a share growth of between 8% and 10%, CEO Jackie van Niekerk told investors at the company’s... 


Delta reports lower interim rental income, but also lower expenses
28th November 2023 By: Marleny Arnoldi

Real estate investment trust (Reit) Delta Property Fund has reported lower rental income of R573-million in the six months ended August 31, largely owing to a decline in contractual rental income... 


Contractors urge dialogue on the back of 88 liquidations
24th November 2023 By: Irma Venter

Contract changes within the construction industry and conditions that are slashing margins are becoming a growing threat to contractors, “contributing to the downward spiral of the construction... 


Artist's rendering of the Airport Business Park development in George
Spear breaks ground on George Airport Business Park light industrial, logistics hub
17th November 2023 By: Schalk Burger

JSE-listed real estate investment trust Spear has broken ground on its R400-million investment into the Airport Business Park, in George, in the Western Cape. The 19.5 ha development will provide a... 


Emira’s interim distributable earnings dip by 18% on one-off events
16th November 2023 By: Marleny Arnoldi

JSE-listed Emira Property Fund has posted an 18% year-on-year decrease in distributable earnings of R310-million for the six months ended September 30, mainly owing to disposals and lower income... 


Dipula Income Fund CEO Izak Peterson
Dipula grows revenue, NAV and portfolio value, but distributable earnings decrease
15th November 2023 By: Schalk Burger

JSE-listed real estate investment trust Dipula Income Fund increased its revenue by 3% year-on-year to R1.4-billion and its net asset value (NAV) by 2.1% year-on-year to R6.1-billion for the... 


Equites successfully raises R500m, to reduce debt, debt costs and LTV
14th November 2023 By: Schalk Burger

JSE-listed real estate investment trust Equites has raised R500-million through the public auction of a five-year listed senior unsecured floating rate note in the South African debt capital... 


Liberty finalises buyout of L2D shares
14th November 2023 By: Schalk Burger

Financial services firm Liberty has finalised the acquisition of real estate investment trust Liberty Two Degrees' (L2D's) minority shares at R5.55 a share and terminated the listing of L2D shares... 


Peikko completes Reserve 5 factory, warehouse columns in Cape Town in one week
10th November 2023 By: Schalk Burger

Precast construction company Peikko South Africa completed the columns for the 5 100 m² Reserve 5 factory and warehouse project, in Cape Town, for Cream Properties in one week. The factory and... 


Balwin CE Steve Brookes
Balwin launches programme to enable owners to trade in their apartments
8th November 2023 By: Schalk Burger

JSE-listed residential property developer Balwin Properties has launched its Balwin Approved trade-in programme, which enables homeowners to trade in their current Balwin apartment for a new Balwin... 


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