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Property

Calgro CEO Wikus Lategan
Calgro reports record headline earnings for 2022
15th May 2023 By: Darren Parker

JSE-listed property investment company Calgro M3 has announced record headline earnings for the financial year ended February 28, with revenue having increased to R1.5-billion from R1.3-billion in... 


Amazon warehouse in Peterborough
Equites to sell its stake in some UK assets
9th May 2023 By: Marleny Arnoldi

JSE-listed specialist logistics real estate investment trust (Reit) Equites has announced it will sell its 60% shareholding in the Equites Newlands Group (ENGL) development platform, which will... 


Attacq, Tricolt launch Luna Club, final Galileo tower at Ellipse Waterfall
5th May 2023 By: Tasneem Bulbulia

Property development partners JSE-listed Attacq and Tricolt on May 5 hosted the opening of the Luna Cub, noted to be “an exclusive multi-concept lifestyle destination for its residents with premium... 


Image of MBA North executive director Mohau Mphomela
Spate of bankruptcies points to rise of unscrupulous practices – MBA
4th May 2023 By: Irma Venter

The Master Builders Association (MBA) North reports that five of its long-standing members went out of business during the course of last year.  The association’s executive director, Mohau... 


The intersection of Grayston drive and Rivonia road in Sandton
Investec first participant in initiative to keep Sandton traffic lights working during loadshedding 
3rd May 2023 By: Darren Parker

Financial services company Investec has become the first property owner to participate in an initiative spearheaded by the Johannesburg Roads Agency (JRA) and the Sandton Central Management... 


Accelerate appoints Marelise de Lange as CFO
3rd May 2023 By: Tasneem Bulbulia

JSE-listed Accelerate Property Fund has appointed Marelise de Lange as an executive director to the board and the new CFO with effect from August 1 to succeed Dimitri Kyriakides, who has retired as... 


Concor is installing a solar PV plant at the Eastgate shopping centre
Concor to add 5.74 MW of solar to Eastgate shopping centre upper parking
2nd May 2023 By: Schalk Burger

Construction contractor Concor is working on a project to build a 5.74 MW solar photovoltaic power plant in the Eastgate shopping centre's upper parking area, adding to the centre's existing 1 MW... 


An image showing an artist's impression of the Carnival City lifestyle estate development
Carnival City to expand with development of adjoining lifestyle estate
25th April 2023 By: Tasneem Bulbulia

Carnival City Casino, owned by resort company Sun International, is partnering with residential developer LivRES to develop a mixed-use lifestyle estate on vacant land at Carnival City in... 


L2D bolstering solar capacity across its asset portfolio
17th April 2023 By: Tasneem Bulbulia

Real estate investment trust Liberty Two Degrees (L2D) is continuing to roll out solar energy capacity across its asset portfolio. To achieve its Scope 1 and 2 net-zero emissions target by 2030,... 


Hyprop results show retail recovery after Covid-19
17th March 2023 By: Darren Parker

Strong trading metrics across real estate investment trust (Reit) Hyprop’s portfolio of retail properties in mixed-use precincts in key economic nodes for the six months to December 31, 2022, have... 


WBHO reveals record order book, finally closes door on Australia chapter
17th March 2023 By: Irma Venter

Wilson Bayly Holmes-Ovcon (WBHO) revealed a record order book as the company earlier this month reported its financial results for the six months ended December 31. At about R26.5-billion, the... 


A red carpet leading up to a newly revamped Tavern, The Spot 1818, in Soweto, as part of Heineken South Africa's Taverns of the Future initiative
Initiative sets out to improve tavern experience
17th March 2023 By: Halima Frost

Earlier this month, multinational brewing company Heineken South Africa spearheaded the launch of an initiative, Taverns of the Future, at The Spot 1818 in Phiri, Soweto.  The Spot 1818 is one of... 


Growthpoint Properties group CEO Norbert Sasse
Growthpoint retains focus on liquidity, balance sheet, posts good interim results
15th March 2023 By: Tasneem Bulbulia

JSE-listed Growthpoint Properties remained focused on liquidity and balance sheet strength to enable it to pursue its strategic initiatives, the group says in its unaudited interim results for the... 


Attacq delivers solid interim performance amid challenging local climate
14th March 2023 By: Tasneem Bulbulia

JSE-listed Attacq, which is developing Waterfall City, has achieved a resilient performance for the six months ended December 31, 2022, reporting higher distributable income, while also attracting... 


Township rental financier finalises first funding vehicle, attracts R125m in first year
13th March 2023 By: Donna Slater

Impact-driven property finance company TUHF21 has finalised its first funding vehicle aimed at financing rental properties in townships – the uMaStandi Fund – which has attracted R125-million in... 


ArcelorMittal's brazil furnace operations image supplied by Bloomberg
Company’s new furnaces under scrutiny
10th March 2023

Luxemburg-based ArcelorMittal’s path to net zero emissions has come under scrutiny as it starts the construction of a new coal-based blast furnace in India which contrasts with low-carbon... 


Inside a Fortress warehouse in Romania
Fortress announces secondary listing on A2X, healthy interim performance
9th March 2023 By: Marleny Arnoldi

JSE-listed property company Fortress has been approved for a secondary listing on A2X Markets, joining fellow property companies Growthpoint Properties, Equites Property Fund, Fairvest, Hyprop and... 


RER image
Growthpoint launches revamped property in Sandton
8th March 2023

JSE-listed Growthpoint Properties has launched its newly revamped landmark office property at The Place at 1 Sandton Drive in Sandton Central, and its own Gauteng head office, which is in the... 


An image showing the Malda Pack building, in Keystone Park, in Growthpoint's new property in KwaZulu-Natal
Growthpoint acquires KZN logistics asset
7th March 2023 By: Tasneem Bulbulia

JSE-listed Growthpoint Properties has acquired a 13 870 m2 prime logistics property in Keystone Park in Hammarsdale, KwaZulu-Natal, for R136-million, furthering the rebalancing of its sizable... 


Public Works and Infrastructure Minister Patricia de Lille
DPWI forges ahead with land reform agenda using land at State's disposal
2nd March 2023 By: Darren Parker

The Department of Public Works and Infrastructure (DPWI) has approved the release of 2.8 ha of land to the Housing Development Agency (HDA) in the Msunduzi municipality, in KwaZulu-Natal, for human... 


Investec Property Fund announces big internal changes, new additions to its portfolio
2nd March 2023 By: Marleny Arnoldi

Investec Property Fund (IPF) has announced three individual transactions that form part of its growth and diversification strategy, including entering the Australian market and combining some of... 


munyaka lagoon
Balwin launches R10bn Munyaka lifestyle estate development
2nd March 2023 By: Darren Parker

JSE-listed Balwin Properties has launched its Munyaka lifestyle estate development in Waterfall City, Gauteng. Munyaka, which means 'crystal' in Venda, has one of the largest man-made lagoons in... 


Sapoa decries rates increases amid lack of services, calls for consultation
1st March 2023 By: Tasneem Bulbulia

Industry organisation the South African Property Owners Association (Sapoa) is tackling the issue of high municipal rates and taxes, with research indicating that these have been rising steadily... 


WBHO CEO Wolfgang Neff
WBHO reveals record order book; finally closes door on Aus chapter
1st March 2023 By: Irma Venter

Wilson Bayly Holmes-Ovcon (WBHO) this week revealed a record order book as the company reported its financial results for the six months ended December 31. At around R26.5-billion, the order book... 


An image showing an artist's impression of Growthpoint's Trade Park development
Growthpoint breaks ground on Trade Park Phase 2 to meet growing industrial demand in KZN
27th February 2023 By: Tasneem Bulbulia

JSE-listed Growthpoint Properties has broken ground on Phase 2 of Trade Park, a prime industrial park in the Mount Edgecombe industrial precinct in KwaZulu-Natal, north of Durban. This R180-million... 


L2D’s full-year performance buoyed by retail
27th February 2023 By: Tasneem Bulbulia

JSE-listed Liberty Two Degree (L2D) says it continued a strong recovery in its operational and financial metrics during the year ended December 31. It has, therefore, approved a distribution of... 


FLISP changes to First Home Finance to improve access to housing market
24th February 2023 By: Schalk Burger

The Finance Linked Individual Subsidy Programme (FLISP), or Help-Me-Buy-A-Home scheme, has been remodelled into First Home Finance, with the aim to improve access to affordable housing by providing... 


An image of construction workers
DPWI, partners sign MoU to strengthen infrastructure PPPs
24th February 2023 By: Tasneem Bulbulia

The Department of Public Works and Infrastructure (DPWI), in partnership with Agrément South Africa (ASA), on February 24 signed a memorandum of understanding (MoU) with Infrastructure South Africa... 


South Africa Real Estate Investment Trust Association chairperson and Growthpoint Properties CEO Estienne de Klerk.
Reits likely to outperform as pressures ease
22nd February 2023 By: Donna Slater

With the worst impacts of the Covid-19 pandemic having subsided, the increased interest rate cycle nearing its end and landlords finding power generation solutions, South Africa's real estate... 


Balwin Properties to list on A2X
21st February 2023 By: Schalk Burger

JSE-listed specialist residential property developer Balwin Properties will list its shares for trade on the local A2X Markets bourse from February 28. Balwin will be the first specialist... 


An image showing an communal interior area at Growthpoint's Sandton property
Growthpoint launches revamped office property in Sandton
21st February 2023 By: Tasneem Bulbulia

JSE-listed Growthpoint Properties has launched its newly revamped landmark office property at The Place at 1 Sandton Drive in Sandton Central, and its own Gauteng head office, which is in the... 


2Twenty Madiba
Fairvest completes 2Twenty Madiba aesthetic refurbishment
17th February 2023 By: Donna Slater

Diversified real estate investment trust (Reit) Fairvest has completed an aesthetic refurbishment of the landmark offices at 220 Madiba street, in central Pretoria. Fairvest says the upgrade of... 


Equites to buy, expand Shoprite's logistics campus in KwaZulu-Natal
16th February 2023 By: Schalk Burger

JSE-listed specialist logistics real estate investment trust Equites, through its subsidiary Retail Logistics Fund (RLF), will buy the 65 619 m2 Canelands logistics campus, in KwaZulu-Natal, from... 


Emira achieves solid interim performance with growth in distributable income
15th February 2023 By: Tasneem Bulbulia

JSE-listed Emira Property Fund achieved a solid performance for the six months ended December 31, with a 17.4% increase in its cash-backed dividend of 66.43c apiece and growth in distributable... 


An image showing solar installation on the East Rand Mall
Vukile invests in solar power
13th February 2023 By: Tasneem Bulbulia

JSE-listed Vukile Property Fund will invest about R350-million in backup power as it deploys a strategy to efficiently supplement the electricity supply to its malls. In its quest to help tenants... 


Waterfall City
Attacq’s shares spike on R2.8bn GEPF investment into Waterfall
13th February 2023 By: Tasneem Bulbulia

The share price of JSE-listed real estate investment trust (Reit) Attacq, which is developing Waterfall City, rose by nearly 22% on the morning of February 13 after the company announced that it... 


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