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Property

Emira crosses halfway mark in sale of 282 apartments in office-to-residence development
14th September 2023 By: Schalk Burger

JSE-listed real estate investment trust Emira Property Fund has crossed the halfway mark in selling the 282 apartments in its office-to-residences conversion of The Bolton, in Rosebank, as it... 


Business making renewable energy strides, despite challenges
13th September 2023 By: Tasneem Bulbulia

There are many strides being made by businesses and property owners in the country to provide some relief to consumers and tenants from persistent loadshedding. This is despite several challenges... 


Image of the River Club development in Cape Town
WBHO makes strong return, warns of potential contractor shortage for IPP jobs
13th September 2023 By: Irma Venter

Wilson Bayly Holmes-Ovcon (WBHO) is back, “and we are back on a very strong footing”, says CEO Wolfgang Neff. “We had an exceptional year in a difficult period.” 


Anglo donates CBD building to Maharishi Invincibility Institute
Anglo donates CBD building to Maharishi Invincibility Institute
13th September 2023

Diversified miner Anglo American in August announced the handover of its 45 Main Street building, in the Johannesburg central business district (CBD), to nonprofit private education institution the... 


Growthpoint notes V&A Waterfront rebound, improving fundamentals for industrial, retail sectors
13th September 2023 By: Cameron Mackay

International property company Growthpoint Properties has reported a 1.3% year-on-year increase in distributable income per share to 157.6c for the financial year ended June 30. Revenue increased... 


Equites CEO Andrea Taverna-Turisan
Equites raises R750m in debt auction
6th September 2023 By: Creamer Media Reporter

Real estate investment trust Equites Property Fund has raised R750-million in the South African debt capital market in a public auction of senior unsecured floating rate notes maturing in June 2026... 


Rebosis to sell ten office properties for R650m
5th September 2023 By: Tasneem Bulbulia

JSE-listed Rebosis, which is in business rescue, has entered into a portfolio sale agreement between Phahlani Lincoln Mkhomo and Jacques du Toit in their capacity as the duly appointed joint... 


An artist's impression of the GTX Park development
Spear to develop R400m industrial GTX Park in George
4th September 2023 By: Schalk Burger

AltX-listed real estate investment trust Spear will start with Phase 1 bulk infrastructure construction for its new R400-million industrial development GTX Park, in George, in early October. The... 


Focus on logistics, consumer retail portfolio sees Fortress reach R30bn in assets
1st September 2023 By: Schalk Burger

JSE-listed real estate investment company Fortress has increased its portfolio of direct real estate assets to R30-billion and achieved the lowest vacancy rate of 3.7% since its listing in October... 


Artist's impression of the Longkloof hotel
Growthpoint moving ahead with Canopy in Longkloof
1st September 2023 By: Darren Parker

JSE-listed Growthpoint Properties is moving ahead with the development of the Canopy by Hilton Cape Town Longkloof hotel, which marks the concluding enhancement to the historic Longkloof precinct.... 


A rendering of The Fynbos development once completed
R1.2bn Fynbos development set to be Africa’s first biophilic building
31st August 2023 By: Irma Venter

Construction on The Fynbos development is set for completion at the end of next year, with the first apartments ready for occupation in early 2025. The R1.2-billion building is located in Bree... 


An image of Redefine CFO Ntobeko Nyawo
Redefine raises R1bn in third green bond
29th August 2023 By: Tasneem Bulbulia

Real estate investment trust (Reit) Redefine Properties has issued another green bond as it leverages off its sustainability journey. Redefine will use the money raised to refinance eligible green... 


Vukile CEO Laurence Rapp
Vukile concludes oversubscribed R526m bond issue
28th August 2023 By: Marleny Arnoldi

JSE-listed real estate investment trust Vukile Property Fund has issued R526-million of senior unsecured corporate bonds, with keen investor interest having been yielded. The initial target... 


Accelerate to sell Eden Meander centre in George to Sasol Pension Fund
23rd August 2023 By: Cameron Mackay

Diversified JSE-listed real estate investment trust Accelerate Property Fund has accepted an offer from the Sasol Pension Fund to acquire the Eden Meander Shopping Centre, with a gross lettable... 


Local steel industry in prime ‘springboard’ position
18th August 2023 By: Sabrina Jardim

Despite contributing only a small percentage to global steel production, the South African steel sector supplies critical components to the global economy, says industry body Southern African... 


An artist's impression of Solar MD's new Richmond Park property
Atterbury breaks ground on Solar MD new Richmond Park headquarters
16th August 2023 By: Schalk Burger

Property investor and developer Atterbury has broken ground for the new home of sustainable technology company Solar MD at Richmond Park, in Cape Town. Once completed, Solar MD’s new home will be... 


The Festivals Edge study centre
Growthpoint focuses on high-quality amenities in its student residences
16th August 2023 By: Schalk Burger

Real estate investment trust (Reit) Growthpoint Properties’ subsidiary Growthpoint Student Accommodation has highlighted, during a tour of some of its university student residences, that it is... 


Image of Conradie Park development
Concor completes more than 800 homes at Conradie Park
14th August 2023 By: Irma Venter

Construction group Concor this month reached the milestone of completing 800 out of a planned 4 000 homes in its R3-billion Conradie Park development in Cape Town. The development completed its... 


Human Settlements, Water and Sanitation department Minister Mmamoloko Kubayi
Kubayi calls for mandatory procurement transformation in community schemes
8th August 2023 By: Cameron Mackay

Human Settlements Minister Mmamoloko Kubayi says economic transformation has to take place in the multitrillion-rand community schemes economy, which includes sectional title complexes, homeowners’... 


Ballito Junction upgrade to include flexible workspace offering
4th August 2023 By: Schalk Burger

The Ballito Junction refurbishment will see co-working space provider Workshop17 (W17) open its first flexible workspace in KwaZulu-Natal and enable entrepreneurs, remote workers and decentralised... 


Image of South African Institute of Valuer president Dianne de Wet.
Valuer numbers need boosting to avoid possible crisis
4th August 2023 By: Bridget Lepere

South Africa has fewer than 1 500 registered professionals in residential and commercial property valuation, and fewer than 650 valuer candidates; this demonstrates that property valuation is an... 


Image of building being refurbished
Market hindered by interest rates, economic stagnation
4th August 2023 By: Bridget Lepere

The commercial property market experienced a 5.6% decline in sales activity in the first quarter of 2023, compared with the same quarter in 2022, owing to numerous factors, including rising... 


An image of ASP Fire CEO Michael van Niekerk
Vodacom Century City fire highlights fire safety for PV systems
4th August 2023

The fire at the Vodacom building at Century City in Cape Town last month is suspected of having been caused by an issue with the rooftop solar photovoltaic (PV) installation, notes ASP Fire CEO... 


An image of Smartee products
Technology trends in commercial, industrial property
4th August 2023

Innovative technology solutions are changing the landscape in which commercial and industrial property is managed. This is particularly valuable in facility and maintenance management, says... 


Image of L2D development executive Melinda Isaacs
Firm invests in ‘greener’ solutions for sustainable future
4th August 2023 By: Bridget Lepere

JSE-registered real estate investment trust (REIT) Liberty Two Degrees (L2D) is beefing up its electricity generation supply to meet its environment, social and governance (ESG) targets. L2D... 


Cushman & Wakefield | BROLL concludes transaction to deliver self-storage facility in Sandton
3rd August 2023 By: Tasneem Bulbulia

Commercial real estate company Cushman & Wakefield | BROLL says it played an integral part in facilitating a deal which has enabled the development of a modern new self-storage facility in a prime... 


Novare's rooftop PV project is a proactive response to actively managing the industry's negative impacts and promoting sustainability
Novare invests in renewable energy to bolster pan-African sustainability drive
2nd August 2023 By: Cameron Mackay

Investment solutions company Novare, which has a substantial property portfolio in Africa, on August 1 announced a significant investment in rooftop photovoltaic (PV) panels as an eco-friendly and... 


Liberty Two Degrees reports 'good' interim results
31st July 2023 By: Rebecca Campbell

South African real estate investment trust Liberty Two Degrees (L2D) has reported good results for the first half of the current financial year. L2D is focused on retail precincts, and its... 


Youth employment initiative results in 85 placements
28th July 2023 By: Darren Parker

The South African Property Owners Association (Sapoa) and the National Business Initiative (NBI) Youth Employment Initiative, which was launched earlier this year in a bid to help unemployed... 


Liberty Group to buy out L2D’s shares, consolidate property portfolio
27th July 2023 By: Schalk Burger

Financial services and insurance firm Liberty Group has announced that it will buy out all minority shareholders of retail-centred real estate investment trust Liberty Two Degrees (L2D) at R5.55 a... 


An aerial shot of the Blue Crane shopping centre at night well lit by all of the BEKA Schréder SOLARPOLE Lighting systems whch have been installed in the parking area
Solar installation lights way for shoppers
21st July 2023 By: Halima Frost

South African lighting solutions manufacturer BEKA Schréder completed the supply of a solar streetlight installation for a shopping centre in Alberton, Gauteng. A total of 24 BEKA Schréder... 


Image of an African woman in a navy suit
Firm open to investing in the ‘right’ sectors in KZN
7th July 2023 By: Bridget Lepere

Black-owned private equity investment firm Agile Capital focuses on investments that drive sustainable development and have a demonstrable track record of growth and investment returns, with Agile... 


Waterfall City
GEPF to acquire 30% stake in Attacq’s Waterfall City subsidiary
6th July 2023 By: Cameron Mackay

Real estate developer Attacq and the Government Employees Pension Fund (GEPF) have concluded a nonbinding term sheet that will result in the GEPF acquiring a 30% interest in Attacq’s AWIC... 


Jars of honey produced by the bees
Emira continues driving biodiversity preservation through beehives
5th July 2023 By: Marleny Arnoldi

JSE-listed Emira Property Fund acknowledges the importance of bees and has, as at July 5, installed 16 beehives at eight of its properties in Gauteng and KwaZulu-Natal. Five of these sites have... 


AmaranthCX director Paul Miller
Policymakers urged to fix distorted public market as South African delistings continue
3rd July 2023 By: Marleny Arnoldi

The public market continues to see delistings on the JSE and other South African stock exchanges at an alarming rate, says consultancy and research provider AmaranthCX director Paul Miller, with 14... 


Sun City installs 1.4 MW solar PV system
28th June 2023 By: Schalk Burger

Holiday resort Sun City has installed a R16-million, grid-tied solar photovoltaic (PV) system, rated at 1.4 MW, to reduce electricity consumption from the national grid. The system constitutes 2... 


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