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Property News

Sanitaryware manufacturer on marketing road trip

By: Nadine James     15th December 2017 Sanitary ware manufacturer Grohe Dawn Watertech Holdings (GDWT) – which recently became a wholly-owned subsidiary of Japanese housing equipment company LIXIL Corporation – has embarked on a national tour to familiarise South African contractors, developers and aspiring do-it-yourself enthusiasts... 

Maintenance, construction projects along N1/N4 slated for 2018

By: Simone Liedtke     15th December 2017 The South African National Roads Agency Limited (Sanral) and private concessionaire the Bakwena Platinum Corridor Concessionaire will conduct several maintenance and construction projects along the South African N1/N4 toll road, in Gauteng and Limpopo, in 2018. 

Maintenance, construction projects  along N1/N4 slated for 2018
Photo by Duane Daws
INCREASING CAPACITY Bakwena has installed two pivots, each valued at about R2.4-million, at both the Doornpoort and Pumulani toll plazas

Assistance in overcoming bridge challenges

By: Simone Liedtke     15th December 2017 Industrial rope access specialist Skyriders Access Specialists installed temporary access platforms to allow for critical routine maintenance on the Crocodile river bridge, in Mbombela, Mpumalanga. 

Assistance in overcoming bridge challenges
ABSEILING FOR ACCESS Technicians had to deploy rope access to abseil from a structure to erect the access platforms

Balancing rules, safety and certification will be key to drone industry success

By: Dylan Slater     15th December 2017 The regulations and laws governing access to South African air space for remotely piloted aircraft systems (RPAS) are sound and among the “best in the world”, according to Edenvale-based commercial drone operator Visual Air Productions director Stephen Verheul.  

Balancing rules, safety and certification will be key to drone industry success

Green building improvements needed to meet Paris agreement

By: Megan van Wyngaardt     15th December 2017 The energy intensity per square metre of buildings need to improve by 30% by 2030 to keep the Paris Agreement on track, the Global Alliance for Buildings and Construction’s ‘Global Status Report 2017’ has revealed. The report, released on Monday, found that total floor area reached an estimated... 

Novare opens two new malls in sub-Saharan Africa

By: Megan van Wyngaardt     15th December 2017 Private equity fund Novare Fund Manager, which invests in retail and commercial real estate in sub-Saharan Africa, excluding South Africa, opened over 34 000 m2 of prime retail space over the last two weeks in Nigeria and Mozambique. Novare Gateway – a modern lifestyle centre of 15 000 m2... 

Echo Polska posts another set of strong results

By: Megan van Wyngaardt     14th December 2017 JSE-listed Echo Polska Properties (EPP) has posted growth in distributable earnings to €59.2-million and a distribution per share of €0.8 for the nine months ended September 30. CEO Hadley Dean said during a presentation on Thursday that the company was pleased with another robust performance,... 

Inkunzi making headway in student accommodation 

     14th December 2017 Real estate investment trust Inkunzi Student Accommodation Fund, which listed on the JSE in November, will acquire nine purpose-built, student accommodation assets valued at R1.7-billion. Anine Kilian has the story. 

Inkunzi making headway in student accommodation
Inkunzi making headway in student accommodation

Size of new mall developments increasing despite saturation being at 88% – MSCI

By: Schalk Burger     13th December 2017 The average size of shopping centres has steadily increased since the 1990s, with centres slated for completion between this year and 2020 being significantly larger than those developed during the 1990s and 2000s, a study by Morgan Stanley Capital International (MSCI) Real Estate South Africa on... 

Knysna rental company acquires high-quality TLB

By: Marleny Arnoldi     8th December 2017 The downside of unreliable plant hire equipment is two-fold; for the end-user, unplanned downtime translates into project delays, while for the plant hire company, faulty gear translates to foregone profits and a tarnished reputation, says George-based equipment distributor Carlu Tractors.  

Knysna rental company acquires high-quality TLB
POWER LIFTING With a 1.6 t breakout force, the Kubota L45 has a lifting capacity of 1 t at a maximum lifting height of 2.8 m

Business park to be redeveloped as mixed-use precinct – Atterbury

By: Schalk Burger     7th December 2017 Earthmoving equipment and logistics multinational Barloworld has partnered with property development firm Atterbury and investment finance house African Rainbow Capital – as co-investors – to redevelop the Sandton-based Barlow Park Campus into a 130 000 m2 mixed-use precinct. The property is... 

Business park to be redeveloped as mixed-use precinct – Atterbury
An artist's impression of the mixed-use Barlow Park precinct to be developed

Afrimat construction index reveals quarterly improvement

By: Dylan Slater     7th December 2017 Construction activity in South Africa improved quarter-on-quarter from Q2 to Q3, according to material building company Afrimat’s Construction Index (ACI)  

Vukile continues to grow Spain retail portfolio

By: Schalk Burger     6th December 2017 JSE-listed retail property trading company Vukile Property Fund added two Spanish retail parks, worth about €65-million, to its portfolio of 11 other Spanish retail parks. CEO Laurence Rapp said in a note on Wednesday that the total value of the Spanish portfolio was about €290-million. Vukile’s... 

Polish retail portfolio offers expansion opportunities for EPP

By: Anine Kilian     4th December 2017 A portfolio of 12 retail properties in Poland being acquired by JSE-listed Echo Polska Properties (EPP), offers “substantial” expansion opportunities, says EPP CEO Hadley Dean. EPP in October announced that it would acquire the 12 properties, which includes eight shopping centres and four retail... 

Focus on environmental services boosts project sustainability

By: Simone Liedtke     1st December 2017 Applying focused environmental services at every phase of any project ensures that opportunities to incorporate social and environmental aspects into the engineering design are flagged, which boosts the overall sustainability of the project, explains consulting engineering and project... 

Focus on environmental services  boosts project sustainability
SUSTAINABILITY REQUIREMENTS Sustainability requires the optimisation of environmental, social and economic outcomes

Green consciousness continues to drive green building trends

By: Simone Liedtke     1st December 2017 Increasing pressure on the built environment to address inadequate energy resources, carbon reduction targets and tightening building energy efficiency standards, continues to drive green building trends in South Africa, states multidisciplinary engineering consultancy WSP Africa sustainability... 

Green consciousness continues to drive green building trends
GREG RICE Businesses and citizens have recently become more conscious of the importance of resilience and resource scarcity

Waterfall City development for Deloitte Africa HQ kicks off

By: Natasha Odendaal     27th November 2017 Construction has started on Deloitte Africa’s new headquarters, which will consolidate the current Woodmead and Pretoria offices into a single central location at Waterfall City. Developers Atterbury Property and Attacq expect to complete the 42 500 m2 ultra‐modern offices in the first quarter of... 

Steel Awards 2017 confirms LSFB growth

     24th November 2017 This year’s annual Steel Awards, hosted by the Southern African Institute of Steel Construction, showed excellent growth for the South African light steel frame building (LSFB) industry, with more than 25 000 m2 represented in category entries. The awards, which took place on September 13, saw 19... 

Steel Awards 2017  confirms LSFB growth
SUMMIT PLACE The Assupol Building, the 11-storey winning office block in the Summit Place development

New Diepsloot mall opened to address access to community-specific retail requirements

By: Dylan Slater     23rd November 2017 A new 18 000 m² single-level semi-enclosed shopping mall in Diepsloot West, Gauteng, opened to the public on Thursday. 

New Diepsloot mall opened to address access to community-specific retail requirements
An artists illustration of how the Bambanani Shopping Mall will look in Diepsloot

Arrowhead posts 6% dividend growth for FY17, downgrades 2018 forecast

By: Natasha Odendaal     22nd November 2017 JSE-listed real estate investment trust (Reit) Arrowhead Properties on Wednesday posted a 6.02% growth in dividend to 87.52c a share for the financial year ended September 30, in line with its forecast. However, Arrowhead is forecasting a 6.5% reduction in dividend growth for the 2018 financial... 

Tongaat Hulett Developments sets out to attract more investment to KwaZulu-Natal

By: Megan van Wyngaardt     21st November 2017 Chris du Toit has been appointed commercial head at Tongaat Hulett Developments, effective November 1. He aims to attract more companies to the City of Durban, which currently contributes 14% to the country’s gross domestic product. 

Growthpoint says spends R85m in furniture retail park revamp

By: African News Agency      20th November 2017 South African property group Growthpoint said on Monday it had revamped an ageing retail warehousing entity in the plush district of Sandton, at a cost of R85-million. The company said in a statement the year-long upgrade and expansion project had modernised the retail park and increased its size... 

Accelerate ends half-year on strong note, acquires Poland portfolio

By: Megan van Wyngaardt     20th November 2017 Despite the uncertain macroeconomic and political environment, the value of Accelerate Property Fund’s property portfolio increased by 30% year-on-year to R11.8-billion in the six months ended September 30, resulting in a total gross lettable area (GLA) of 637 577 m², it said on Monday. The... 

Accelerate ends half-year on strong note, acquires Poland portfolio

Continued apartment demand supports Balwin’s top-line growth in H1

By: Mia Breytenbach     20th November 2017 Despite a tough operating environment, residential property developer Balwin Properties continued to perform well in the six months ended August 31, with the group’s revenue up 19% year-on-year to R894-million. The increase was driven by good sales volumes, which were in line with forecasts,... 

Continued apartment demand supports Balwin’s top-line growth in H1
Balwin Properties CEO Steve Brookes

Building pipeline in Aus sees Probuild contribute 60% of WBHO revenue

By: Irma Venter     17th November 2017 Wilson Bayly Holmes-Ovcon’s (WBHO’s) Australian subsidiary, Probuild, has been named the most active construction company in the country by the Australian Housing Industry Association Construction 100 Report. Probuild has jumped from fifth place last year to top spot, in terms of work procured. 

Building pipeline in Aus sees Probuild contribute 60% of WBHO revenue
The Towers and Ritz Carlton

Construction company awarded R10m residential development contract

By: Simone Liedtke     17th November 2017 Construction company Motheo Infrastructure Contractors will use equipment – such as motor graders, 30 t excavators, compaction equipment and tipper trucks – to the value of about R10-million for its infrastructure contract at the South Hills integrated residential development in Johannesburg,... 

Construction company awarded R10m residential development contract
ARCHIE RUTHERFORD The South Hills project will have a positive impact on the local community

Landmark projects help Esor to improve performance in tough market

By: Dylan Slater     17th November 2017 Despite challenging market conditions and a deteriorating market environment for the six months ended August 31, JSE-listed civils and construction group Esor recorded a “significant improvement” in its finances, with profit before tax of R3.1-million, compared with a loss recorded in February.... 

Growthpoint makes operational management changes

     15th November 2017 Owing to a revised operational management structure, JSE-listed Growthpoint CEO Norbert Sasse will become group CEO, from March 1, 2018. Sasse’s primary focus will be on the strategic direction of the group, aligned with Growthpoint’s internationalisation strategy, and overseeing and representing... 

Dipula weathers ‘tough’ economic conditions to post 5.8% y/y growth in FY dividends

By: Megan van Wyngaardt     15th November 2017 JSE-listed diversified real estate investment trust (Reit) Dipula Income Fund has “overcome tough macroeconomic conditions” to post a 5.8% increase in combined dividends a share for the financial year ended August 31, driven entirely by organic growth. The Reit’s revenue edged over the... 

Gemgrow delivers maiden FY dividend under revamped property portfolio

By: Natasha Odendaal     15th November 2017 JSE-listed Gemgrow Properties has declared a full-year dividend, exceeding its earlier forecasts, of 73.51c for each B share and 101.87c for each A share as the real estate investment trust (Reit) delivered its maiden full-year results with a reconstituted property portfolio. The Reit, previously... 

New acquisition boosts Dipula’s portfolio value to R8.5bn

By: Natasha Odendaal     10th November 2017 JSE-listed real estate investment trust Dipula Income Fund plans to acquire a mixed portfolio from an undisclosed seller for R1.27-billion. The portfolio comprises two retail properties in Gauteng, namely Chilli Lane and Chilli on Top, boasting an aggregate 18 433 m² of space; five office... 

New council announced by architectural body

By: Dylan Slater     10th November 2017 The South African Council for the Landscape Architectural Profession (Saclap) recently annouced its new four-year council, as appointed by Department of Public Works Minister Nathi Nhleko. Council members will serve a four year term of office from September 1, 2017, to August 31, 2021.  

Telkom appoints CEO of property management unit

By: Megan van Wyngaardt     9th November 2017 Telecommunications group Telkom has appointed Lesiba Maloba as CEO of its property management business unit, Gyro Group, from November 13. Gyro was established on April 1 to unlock value by commercialising the Telkom property portfolio, extracting value from excess building capacity and... 

Rebosis’ portfolio expands by 45.3% in FY17

By: Anine Kilian     9th November 2017 JSE-listed Rebosis Property Fund grew its portfolio by 45.3% to R18.82-billion in the financial year ended August 31. The growth is attributed to the acquisitions of the Baywest Mall and Forest Hill City shopping centres. 

Indluplace delivers on FY targets

By: Anine Kilian     8th November 2017 Despite tough market conditions, JSE-listed real estate investment trust (Reit) Indluplace Properties had a “very good year” in the 12 months to September 30, with CEO Carel de Wit stating that the company had grown its diversified portfolio and proved to be a significant player in the provision... 

Redefine expands Poland portfolio

By: Natasha Odendaal     6th November 2017 As JSE-listed Redefine Properties implements several small incremental adjustments to withstand the current economic headwinds, the real estate investment trust (Reit) is in the midst of concluding a strategic acquisition that will expand its international footprint further. Redefine will buy a... 

Redefine FY17 distribution up 7% y/y

By: Natasha Odendaal     6th November 2017 JSE-listed real estate investment trust (Reit) Redefine Properties on Monday posted a full-year distribution of 92c a share for the year ended August 31, representing year-on-year growth of 7%. The group’s distributable income in rand terms increased by 22.2% to R4.8-billion during the year under... 

Redefine FY17 distribution up 7% y/y
Redefine CEO Andrew Konig
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