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Wastewater treatment necessary to grow the economy

By: Nadine James     29th July 2016 Consistent and sustainable water supply is necessary to ensure socioeconomic growth; therefore, wastewater treatment, as a comparatively cost-effective solution that reduces strain on available water supply, is vital to economic growth in water-stressed countries, says waste management company... 

Waterfall management agreement changes unveiled as Attacq refreshes brand

By: Mia Breytenbach     15th July 2016 Coinciding with the launch of JSE-listed capital growth property fund Attacq’s refreshed brand, which includes a new logo in red and grey, the company on Tuesday announced that it would accelerate the internalisation of the Waterfall development management function to enable Attacq to take full... 

Attacq refreshes brand, accelerates internalisation of Waterfall development management

By: Mia Breytenbach     5th July 2016 Coinciding with the launch of JSE-listed capital growth property fund Attacq’s refreshed brand, which included a new logo in red and grey, the company on Tuesday announced that it would accelerate the internalisation of the Waterfall development management function to enable Attacq to take full... 

Zendai Solar Power Project

     4th July 2016 “Our Relationship with Zendai and the world class products that we install was key in the decision for Zendai to partner with us” Hendrik Roux Managing Director, Electro-Flex (Pty) Ltd t/a Solar Power 

From Menlyn Maine Investment Holdings And Flanagan & Gerard Property Development & Investment

     1st July 2016 R1.6 billion Ballito Junction to brings top shopping to north KZN’s permanent population The permanent population of Ballito and its surrounds will soon have the choice of over 130 stores handpicked especially for them, when the Ballito Junction Regional Mall redevelopment opens in March 2017.... 

GladAfrica Group (Pty) Ltd signs a three year Platinum Partnership with SAPOA

     1st July 2016 Leading Engineering Consulting and Project Management Company, GladAfrica is delighted to announce their landmark three-year Platinum partnership with the South African Property Owners Association (SAPOA). The partnership with SAPOA will serve to contribute more meaningfully to the property... 

Limited shop space available as retailers flock to Springs Mall

     28th June 2016 Springs Mall at Blue Crane Eco Park is already over 90% let some eight months before it opens in 2017, when it will introduce a retail experience unlike anything on Gauteng’s East Rand. The 48,000sqm world-class new regional mall asset under development in Springs, Ekurhuleni, represents a... 

Commercial property adds R50bn to Gauteng GDP

By: News24Wire      23rd June 2016 It is important to remember that the commercial property sector contributes about R50bn to the gross domestic product (GDP) of Gauteng, Kobus van der Vyver, property development manager at Urban-Econ Development Economists said on Wednesday. The commercial property sector employs almost 350 000... 

Bankmed chooses Melrose Arch for its new headquarters

     3rd June 2016 Melrose Arch, South Africa’s most sought-after business address, has welcomed leading, closed medical scheme, Bankmed to its high-profile precinct. Joining DuPont, Bidvest Group, Lonmin, Mastercard, Royal Bafokeng Holdings, Stanlib and Worley Parsons, Bankmed adds to the long list of corporate... 

Sugar drags down record performance of other Tongaat divisions

By: Tracy Hancock     30th May 2016 JSE-listed sugar producer Tongaat Hulett’s cash flow from operations took a significant blow in the year ended March 31, owing to its sugar production reducing by a further 291 000 t to 1.023-million tons from 1.314-million tons and 1.424-million tons in 2015 and 2014 respectively. Tongaat Hulett... 

Vukile delivers 7% growth in FY distributions

By: Anine Kilian     26th May 2016 JSE-listed real estate investment trust (Reit) Vukile Property Fund grew its distributions for the year ended March 31 by 7% to 146.35c a share. Locally, most of Vukile’s activity was inward focused, improving vacancies across its portfolio from 4.6% to 3.9% of gross lettable area.   In addition,... 

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... 

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