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Atterbury launches new growth fund

By: Anine Kilian     16th May 2016 Property development group Atterbury on Monday launched its Atterbury Property Fund real estate growth fund, which would become the investment vehicle for existing and future Atterbury assets in South Africa, Namibia and Mauritius.  Starting as a closed unlisted fund, Atterbury Property Fund... 

Crane Expert Calls For Infrastructure Spending

     12th May 2016 While South Africa has enjoyed a period of sound private investment into large building projects, focus also needs to be placed on the civil infrastructure that is needed to support them. This is the view of SA French’s managing director, Quentin van Breda, who is concerned that spending on... 

Calgro M3 delivers an outstanding result for sixth consecutive year

     11th May 2016 Calgro M3, the listed residential property and memorial parks developer, today announced final results for the year ended 29 February 2016, with a 91.2% improvement in operating profit and profit after taxation up 32.7%. Wikus Lategan, Managing Director of Calgro M3 said, “We are pleased to have... 

Redefine declares “robust” interim performance, to focus on geographic diversification

By: Mia Breytenbach     5th May 2016 Despite the headwinds facing the South African economy and ongoing political uncertainty, real estate investment trust Redefine Properties delivered a “robust performance” in the first half of the financial year, with a distribution of 41.7c for the six months to February 29. This was 6.9% higher... 

Leratong City integrated nodal development project, South Africa

By: Sheila Barradas     29th April 2016 The project involves the construction of 15 000 residential units, an intermodal transport hub, a government precinct and a 30 000 m2 regional mall. 

Partnership aims to use Joburg offices as a catalyst for redevelopment

By: Dylan Slater     29th April 2016 State-owned company the Johannesburg Property Company (JPC) is partnering with the South African Property Owners Association (Sapoa) in a municipal property development project valued at R12-billion, which aims to enhance the use of municipal-owned land within the City of Johannesburg’s (CoJ’s)... 

Development of Cape Town’s ecofriendly Blue Rock Village under way

By: Dylan Slater     15th April 2016 The mixed-use Blue Rock Village, valued at R14-billion, is being developed by property development and management company Swisatec as an upgrade to the existing Blue Rock Resort, in Cape Town, incorporating various green aspects.  

All roads lead to the new Mall of Africa

     13th April 2016 Developed by leading South African property developer and investor Atterbury, Southern Africa’s largest single-phase shopping centre development, Mall of Africa, is set to open on 28 April. This landmark new R5-billion, 130,000sqm super-regional mall is superbly situated in Waterfall City, with... 

Gupta director joined Eskom board within three months  

By: News24Wire      29th March 2016 Mark Pamensky was appointed to the Eskom board three months after joining the board of Gupta-owned Oakbay Resources and Energy, Eskom revealed on Tuesday. The Eskom website describes Pamensky as group operations officer of Blue Label Telecoms, which he isn’t, while there is no mention of him... 

New West Rand megahousing development on the cards

By: Anine Kilian     29th March 2016 Construction of a new R6.2-billion Gauteng housing project – the Leratong City integrated nodal development – is set to get under way in Leratong, Mogale City, in the West Rand, in June. Property developers McCormick Property Development, Calgro M3 and logistical services company Sasuka were... 

Redefine expanding offshore footprint, concludes €1.2bn investment in Poland

By: Mia Breytenbach     18th March 2016 Real estate investment trust Redefine Properties is significantly broadening its offshore footprint by exploring several opportunities and most notably the signing of a significant offshore property deal in Poland. “Given the attractive initial yield spread, and courtesy of low offshore borrowing... 

Arup drives innovation and green building industry firsts

     16th March 2016 Arup appreciates that sustainability can be used to find better ways to resolve the challenges facing clients by using our technical expertise to deliver bold, sustainable solutions which consider the whole-life costs and make commercial sense. The firm increases its sustainability influence... 

CEOs of SA’s three big REITs to deliberate the local listed property sector’s global standing

     11th March 2016 The SA REIT Conference is again proving to be the gathering place for the sharpest minds in property, finance and investment, and an exciting platform for debate and interaction. The trailblazing one-day executive conference is focused on South Africa’s listed property sector with a... 

Aurecon 2 awarded 5-Star Green Star rating

     4th March 2016 The second office block at Century City for global engineering company Aurecon has been awarded a 5-Star Green Star Office v1 Design rating by the Green Building Council of South Africa. The 3300 square metre building  has been built adjacent to Aurecon’s original 7000 square metre premises which... 

Aurecon receives green star rating for second Century City office block

By: Megan van Wyngaardt     4th March 2016 The Green Building Council of South Africa (GBCSA) has awarded engineering consultancy Aurecon a 5-Star Green Star SA Office v1 Design rating for its second office block at Century City . The 3 300 m2 building was adjacent to Aurecon’s original 7 000 m2 premises, the first office building in... 

Gosforth Park industrial and business park, South Africa

By: Sheila Barradas     4th March 2016 The project entails the construction of a modern business space for blue-chip light industrial users. 

Africa is still a growth story with a billion-strong young market, 2016 RICS Africa Summit hears

     3rd March 2016 Despite Africa’s slowing growth on the back of global financial conditions, there are still economic opportunities for long-term sustainable investment in property and the broader built environment for investors with a savvy understanding of local economies on a continent with a billion-strong... 

Redefine Properties inks €1.2-billion offshore commercial property deal in Poland

By: Mia Breytenbach     1st March 2016 Real estate investment trust (Reit) Redefine Properties is significantly broadening its offshore footprint through an initial 75% investment into a €1.2-billion (R21-billion) high-yielding commercial platform comprising 18 properties in the rapidly expanding and exciting Polish market. The... 

A Solid Foundation For Springs Mall With Giuricich Bros

     25th February 2016 Construction on the R950 million Springs Mall at Blue Crane Eco Park development is well underway,  according to main contractors Giuricich Bros, with the 46,000m² regional shopping centre right on schedule to open before Easter 2017. The landmark mall located in Springs, east of Gauteng, is a... 

Co-founders to chair Flanagan & Gerard

     18th February 2016 Leading Gauteng-based retail property developers and investors, Flanagan & Gerard Property Development & Investment, today announced that co-founders Patrick Flanagan and Peter Gerard will jointly chair the group. A new exco has also been appointed as part of the group’s succession planning to... 

Africa Rising to roll out R1.6bn in developments in five years

By: Creamer Media Reporter      18th February 2016 Independent property development company Africa Rising on Thursday announced plans to inject R1.6-billion into development projects in the Umhlanga Ridge area, in KwaZulu-Natal. After spending 2015 amassing properties, the Durban-based firm planned to develop and sell several properties within... 

S.A. Quantity Surveyors Urged To Explore African Market More Fully

     15th February 2016 SA Quantity Surveyors should broaden their scope of operations beyond our national borders, says Synergy Property Solutions, a relatively small quantity surveying and project management  company based in Port Elizabeth, which  has made major inroads into Africa and worked on several high-profile,... 

Atterbury announces R850 million new development in Gosforth Park, Germiston

     12th February 2016 Atterbury will develop a R850 million industrial and business park on the prime site it has acquired in Gosforth Park, Germiston, in Ekurhuleni. A leading property investor and developer in South Africa and beyond, Atterbury has designed the ready-to-develop park to provide 103,000sqm of modern... 

Melrose Arch is the new business address of Eversheds

     9th February 2016 Iconic new urban development, Melrose Arch, has become the new home of some of South Africa’s top legal minds. International law firm Eversheds has relocated its offices to the well-positioned precinct. Surrounded by world-class hotels, luxury apartments and the best local and international... 

Newtown City Lodge opens, marking another landmark hotel development for Atterbury

     4th February 2016 A new 148-room City Lodge Hotel has opened at Newtown Junction - Atterbury Property Developments’ ground-breaking R1.4 billion mixed-use development in the Joburg CBD. The three-star hotel is the latest addition to the award-winning 85,000m² Newtown Junction shopping, leisure and office... 

Attacq appoints new head of development

By: Creamer Media Reporter      2nd February 2016 JSE-listed Attacq has appointed Pete Mackenzie as head of development, effective January 1, in a new position aimed at driving the capital growth property fund’s strategic focus on development. Mackenzie, with over 25 years' experience in the property construction, development and investment... 

Attacq introduces new Head of Development

     2nd February 2016 Attacq, the pioneering JSE-listed capital growth property fund, has appointed accomplished property professional Pete Mackenzie as Head of Development, effective from 1 January 2016. This new position highlights Attacq’s strategic focus on development and will grow its skills base with the... 

Gauteng reveals potential bidders for R3.5bn Gautrain rolling stock contract

By: Natalie Greve     26th January 2016 Pointing to a sustained increase in ridership figures that continues to place strain on the Gautrain’s limited capacity, Gauteng MEC for Roads and Transport Dr Ismail Vadi has outlined the business case behind the decision to embark on a R3.5-billion acquisition of additional rolling stock for... 

Nedbank funds R4m UCT property research unit

By: Megan van Wyngaardt     18th January 2016 The University of Cape Town’s (UCT’s) Department of Construction Economics and Management has partnered with Nedbank Corporate and Investment Banking (NCIB) to form the UCT-Nedbank Urban Real Estate Research Unit under the directorship of associate professor Francois Viruly. The NCIB’s Property... 

Giuricich Bros build expertise in retail development and celebrate new WWF green building landmark

     3rd December 2015 Giuricich Bros Construction – a leading South African independent and family owned construction firm – has increased its presence in the retail development sector by securing the lucrative building contracts for the new 45,000m² Springs Mall at Blue Crane Eco Park and the 15,000m² expansion of... 

Vukile gears towards strong retail growth, looks to residential

By: Megan van Wyngaardt     25th November 2015 JSE-listed Vukile Property Fund’s distributions for the six months ended September 30, increased by 7%, in line with guidance.   Vukile boosted its distributable income by 27.7% year-on-year to R426.3-million and grew like-for-like net property revenue by 6.1%.   CEO Laurence Rapp noted that the... 

Vukile delivers half-year distribution growth of 7% and reinforces operational strength

     25th November 2015 Vukile Property Fund today reported 7% growth in distributions per share for its half year to 30 September 2015, delivering results in line with its market guidance. Its solid set of results show strong operational performance and an increased retail property focus. Vukile boosted its... 

Company launches mobile app for collaborative construction platform

By: Kimberley Smuts     13th November 2015 Pre-build, construction phase and post-build collaboration solutions provider Onsite Control Systems (OCS) in October launched a cross-platform mobile application (app) version of its OnSiteIMS online collaboration platform, which is now available for iOS, Android and Windows 10 devices. The app... 

DTI calls for public comment on property sector BEE codes

By: Megan van Wyngaardt     10th November 2015 The Department of Trade and Industry has invited the public to submit comments on the draft Amended Broad Based Black Economic Empowerment (BBBEE) Property Sector Code, aimed at reversing the legacy of the Native Land Act, 27 of 1913, and subsequent discriminatory policy and legislation. Comments... 

Self-storage complex under development

     23rd October 2015 Self-storage company Stor-Age in July announced the development of its flagship storage complex in Sunninghill, Gauteng. 

Abland develops R700m office park in Parktown

By: Megan van Wyngaardt     19th October 2015 Marking the first new office park development in the Parktown node in over ten years, property development company Abland is building a R700-million, 35 000 m2 A-grade office park in the area.   The company expected that the Hill on Empire development, which was strategically positioned on Empire... 

Abland introduces Hill on Empire

     19th October 2015 Abland is developing the 35,000sqm A-grade office park development in Parktown called Hill on Empire. This is the first new office park development to be constructed in this Johannesburg node in more than 10 years. The development is strategically positioned in Johannesburg’s leafy green suburb... 

Construction management methodology due for overhaul

     1st October 2015 The African property development industry is rich in new developments, pressured successes and epic challenges. Lessons can be learnt by examining these projects, their strengths and weaknesses, their management strategies, and the reasons for their success or failure. South African managing... 

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