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At least 50% of the housing planned for the Lanseria smart city initiative will need to be subsidised or cross subsidised to maximise inclusion, Gauteng Department of Economic Development deputy DG...
Barlow Park is set to become Sandton’s new residential neighbourhood and will offer affordable housing. Bulk earthworks for the first phase of the R3-billion-project started in June, and will turn...
JSE-listed real estate investment trust Fairvest on June 1 announced its first interim results as a merged entity, and declared dividends equal to 100% of distributable income at 61.52c per A share...
Hospitality management company BON Hotels’ team has taken over the management of the Queen’s Hotel, in Oudtshoorn, with BON Hotels CEO and founder Guy Stehlik calling this a “new and exciting...
JSE-listed real estate investment trust Attacq has appointed David Oosthuizen development executive and Lourens Du Toit sustainability, infrastructure and land head – both as a result of internal...
The different segments of the property market were experiencing different pressures, but all remained generally bouyant, with interest rates supportive of demand for property, said industry...
The Green Building Council South Africa (GBCSA) will be moving to a new 330 m3 green office at Growthpoint Properties’ River Park facility, in Mowbray, in Cape Town, on June 1 under a three-year...
President Cyril Ramaphosa and Corobrik CEO Nick Booth officially unveiled the company’s new R800-million Kwastina brick factory, in Gauteng, earlier this month. Tasneem Bulbulia attended the launch.
Financial services firm Nedbank Corporate and Investment Banking (CIB) has coordinated, arranged and structured a R500-million sustainability-linked credit facility for Old Mutual Property to...
Certified green buildings continue to outperform non-certified assets in the commercial property sector, the MSCI South Africa Green Annual Property Index shows. Particularly, certified green,...
JSE-listed real estate investment trust Emira Property Fund will sell its entire 49.9% stake in rural and lower-living standards measure retail property Enyuka Property, which is a joint venture...
JSE-listed real estate investment trust (Reit) Indluplace has reported a 4% year-on-year decrease in revenue and a 7% year-on-year decrease in operating profit for the six months ended March 31....
Property firm Investec Property Fund (IPF) has posted a 10.8% increase in distributable income per share (DIPS) of 107.6c for the financial year ended March 31, compared with DIPS of 97.08c in the...
JSE-listed Emira Property Fund has acquired its twelfth grocery-anchored open-air shopping centre in the US. Always investing together with its in-country US investment partners, the Rainier Group...
JSE-listed real estate investment trust (Reit) Redefine Properties has posted 5.9% higher distributable income at R1.5-billion for the six months ended February 28. Distributable income a share...
JSE-listed property developer Balwin Properties increased its profit for the financial year ended February 28 by 15% year-on-year, resulting in a profit margin of 27%, while revenue increased by...
JSE-listed property development company Calgro M3 CEO Wikus Lategan attributes a 50.3% increase in group revenue to R1.32-billion for the financial year ended February 28, to demand for and sales...
JSE-listed real estate investment trust Octodec Investments recorded a solid performance for the six months ended February 28, against a backdrop of subdued market recovery. Speaking to Engineering...
JSE-listed diversified real estate investment trust Dipula Income Fund increased its distributable earnings by 0.1% to R275.7-million for the six months ended February 28. It maintained a 100%...
Intensifying demand for modern and future-proof warehousing solutions contributed to a strong financial year for real estate investment trust (Reit) Equites Property Fund. “Logistics properties...
Property company Fairvest has been approved for a secondary listing on A2X Markets and will be available to trade on the exchange from May 11. This follows the merger of Arrowhead Properties and...
JSE-listed real estate investment trust SA Corporate Real Estate has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from May 3. The company...
JSE-listed real estate investment trust (Reit) Industrials REIT has acquired four multi-let industrial estates in Boston, Barnsley, Leeds and Stockton on Tees, in the UK, for £20.86-million. The...
JSE-listed real estate investment trust Vukile Property Fund has concluded a five-year, R200-million use-of-proceeds green loan with financial services firm Nedbank Corporate and Investment...
Architecture, engineering and construction (AEC) technology multinational RIB has partnered with nonprofit organisation Building Transparency, which developed and provides a free and open-access...
JSE-listed property company Fairvest has assured shareholders that no damage of a structural nature has occurred to its properties in KwaZulu-Natal as yet, amid the flash flooding being experienced...
LSE-listed real estate company Grit Real Estate Income Group has acquired a 77.95% controlling stake in Africa Property Development Managers (APDM), the asset manager of property development...
JSE-listed real estate investment trust (Reit) Growthpoint Properties has announced that its funds management business will be called Growthpoint Investment Partners to reflect its strategy to...
Hybrid work solutions provider IWG and real estate investment trust (Reit) Attacq have partnered to expand their service offerings in the property industry, responding to the varying office needs...
The City of Cape Town will launch its Land Release Programme for More Affordable Housing at its first Affordable Housing Indaba set to take place later this week. The city says the programme has...
The Afrimat Construction Index (ACI) has staged a swift recovery from the Covid-19-induced slump that occurred during the second quarter of 2020, increasing by 74% within only two quarters. Since...
JSE-listed Growthpoint Properties has assisted long-standing tenant biomedical products manufacturer Beckman Coulter to relocate from Growthpoint Business Park in Midrand, Johannesburg, to a new...
The Department of Human Settlements will, from April 1, implement a number of policy amendments, Human Settlements Minister Mmamoloko Kubayi outlined at a briefing on March 25. This follows the...
As South Africa looks to recover from the impacts of Covid-19, the viability of the trend of converting office buildings into residential properties is under scrutiny, with local and international...
While supply bottlenecks caused by Covid-19 lockdowns are easing and opening the door for commercial sector property growth, the market for industrial properties looks very different, raising the...
JSE-listed Balwin Properties has advised that its consolidated earnings a share for the year ended February 28, will increase by between 4% and 9% year-on-year to between 74.5c and 78.1c....
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