Property Developments
Property Sale
Braamfontein landmark put up for sale
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Global property services firm Jones Lang LaSalle reports it has called for tenders for the sale of prominent Johannesburg landmark, Jorissen Place.
By: Megan Wait
03 Feb 12
Land Regularisation
Over 300 beneficiaries receive Joburg title deeds
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The City of Johannesburg presented 300 Joburg residents with the prized title deeds to their properties last month. The ceremony in Kyalami was part of the Joburg Property Company’s (JPC’s) rollout of its innovative Land Regularisation...
By: Dimakatso Motau
03 Feb 12
PROPERTY
Property in recovery phase, two-tiered rental market emerging
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Despite the global economic turmoil over the past few years, there were indications that the South African property market was entering the early stages of a recovery phase.
Demand for space has been subdued the past year, but Broll Property...
By: Natasha Odendaal
01 Feb 12
PREFERENTIAL PROCUREMENT
Engineers apply for services to be designated for local procurement
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Consulting Engineers South Africa (Cesa), which has nearly 500 member firms that together earn yearly fee income of R17-billion, has made an application to the Department of Trade and Industry (DTI) for engineering consulting services to be given...
By: Terence Creamer
01 Feb 12
CONSTRUCTION
M&R's proposed R2bn rights issue not 'a rescue scenario', says Laas
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JSE-listed Murray & Roberts on Tuesday proposed raising around R2-billion in a rights offer to enable the construction group to reduce its overall debt, fund delivery of its order book and continue with its growth strategy.
The announcement came...
By: Irma Venter
31 Jan 12
AFRICA & CHINA
Glitzy new AU headquarters a symbol of China-Africa ties
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Standing on what was once Ethiopia's oldest maximum security prison, the new African Union headquarters funded by China is a symbol of the Asian giant's push to stay ahead in Africa and gain greater access to the continent's resources.
Critics...
By: Reuters
30 Jan 12
PROPERTY
Low business confidence pulls down office, industrial rentals
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Low business confidence and moderate economic growth were suppressing the demand for real office and industrial space, the latest report by property consultant Rode and Associates has found.
CEO Erwin Rode said on Thursday businesses were...
By: Natasha Odendaal
26 Jan 12
CONSTRUCTION
High rates, inflation halt Kenya's construction boom
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High interest rates and double digit inflation in Kenya are hurting the real estate industry, as developers and buyers struggle to meet financing requirements, a property pricing index firm said on Thursday.
HassConsult, which conducts the only...
By: Reuters
19 Jan 12
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Construction Multimedia
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