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Topic

Property developers shift focus to manage economic risk

By: Robyn Wilkinson     9th December 2016 There has been a slowdown in the development of commercial properties as developers shift their focus to residential, healthcare and industrial projects to best manage risks in South Africa’s economic climate, says business management consultant WSP | Parsons Brinckerhoff Africa regional director... 

Barrick mulls Kalgoorlie bid of roughly $1.3bn by China's Minjar – sources

By: Reuters     24th November 2016 Barrick Gold is reviewing the financial backing behind an approximately $1.3-billion bid for its stake in Australia's Kalgoorlie mine by Minjar Gold, a unit of Shanghai-listed Shandong Tyan Home, two sources told Reuters. Toronto-based Barrick, the world's largest gold producer, is studying the... 

MAS acquires mall in Poland

By: Anine Kilian     21st November 2016 Property development company MAS Real Estate has acquired the Nova Park Mall, in Poland. The company said in a statement released Monday that the acquisition was an important step in achieving its updated strategy to deliver sustainable growing income distributions - up at least 30% a year for... 

Wall Colmonoy Ian Williams, Finance Director, European Headquarters

     8th November 2016 Wall Colmonoy announces the appointment of Ian Williams as Finance Director for its European Headquarters. Ian joined Wall Colmonoy in October 2014 bringing with him 15 years’ experience in financial control and operational change management. Ian began his career with international accountancy... 

Melrose Arch gets new office space

By: Anine Kilian     3rd November 2016 In an attempt to redefine boutique corporate space in Melrose Arch, Johannesburg, property development company Amdec has extended five office buildings in the mixed-use development by adding a new top floor to each one .   The 4 800m2 of new office space is designed in stylish industrial steel... 

First South African industrial property gets Green Star SA rating

By: Anine Kilian     17th October 2016 Property development company Growthpoint Properties’ Greenfield Industrial Park, in Cape Town, has been awarded South Africa’s first ever Green Star South Africa (SA) rating for an industrial property. Greenfield received a 4-Star custom industrial as-built Green Star SA certification from the... 

Govt expenditure slowdown pinches Calgro M3’s interim earnings

By: Megan van Wyngaardt     17th October 2016 A slowdown in infrastructure investment in the lead-up to municipal elections and community unrest at various projects, paired with the construction of units sold to the private sector only starting towards the end of the reporting period, saw property developer Calgro M3 post flat interim... 

Focus on logistics properties delivers good returns for Equites

By: Anine Kilian     13th October 2016 JSE-listed specialist logistics property developer and landlord Equites Property Fund on Thursday reported a 20% year-on-year increase in distributions to 54.44c a share for the six months ended August 31. Speaking to Engineering News Online CEO Andrea Taverna-Turisan attributed the increase to... 

New motor dealerships for downtown Joburg

By: Irma Venter     7th October 2016 Property investor and developer Atterbury is building premises for two new motor dealerships in the Johannesburg city basin – Joburg City Auto BMW and Joburg City Auto Ford. 

Tender likely this year for further development of Constitution Hill

By: Terence Creamer     7th October 2016 The Gauteng Growth and Development Agency (GGDA) is hoping to release a request for proposals (RFP) before the end of 2016 for the further development of the Constitution Hill precinct, on the border of Hillbrow and Braamfontein, in Johannesburg. GGDA CEO Saki Zamxaka says various property... 

Ford, BMW dealerships to be built in R170m Newtown development 

By: Irma Venter     26th September 2016 Property investor and developer Atterbury is building premises for two new motor dealerships in the Johannesburg city basin – Joburg City Auto BMW and Joburg City Auto Ford. These showrooms and service facilities, set to open on July 1, next year, are being developed on the northern edge of... 

Tender may be issued this year for further development of Constitution Hill

By: Terence Creamer     26th September 2016 The Gauteng Growth and Development Agency (GGDA) is hoping to release a request for proposals (RFP) before the end of 2016 for the further development of the Constitution Hill precinct, on the border of Hillbrow and Braamfontein, in Johannesburg. GGDA CEO Saki Zamxaka says various property... 

Melrose Arch gives Trillian Capital Partners’ fresh new headquarters

     22nd September 2016 Securing new headquarters at South Africa’s most sought after business address, Trillian Capital Partners has moved its head office to Melrose Arch, crafting a fresh and highly collaborative workspace that supports its business. Adding to the long list of corporate heavyweights already enjoying... 

Rio turns China optimist, sees copper’s 'twilight zone' exit

By: Bloomberg     20th September 2016 Rio Tinto, the world’s second-largest mining company, is becoming more optimistic on the outlook for commodities demand in China after recent data pointed to a pickup in the construction market. “The drop that we had experienced for the last two or three years in China seems to have plateaued,”... 

Attacq achieves good FY growth despite tough business climate

By: Anine Kilian     13th September 2016 Property development company Attacq lifted its headline earnings a share for the year ended June 30 to 12c, from 2c the year before, while basic earnings per share (EPS) rose to 197.9c and diluted EPS rose to 196.7c. Attacq achieved 15.3% year-on-year growth in adjusted net asset value per share... 

Old Mutual to increase agriculture, real estate investment through Nigerian partnership

By: Mia Breytenbach     9th September 2016 Asset management group Old Mutual Investment Group (OMIG) plans to expand its commercial real estate and agriculture footprints in Africa through a partnership with wealth fund the Nigerian Sovereign Investment Authority (NSIA). The partnership, signed in Abuja, Nigeria, last month, will allow... 

Contributing to Innovative Excellence

     2nd September 2016 The South African Property Owners Association (SAPOA) 2016 convention and property exhibition was held last month where the winners of the 2016 SAPOA Innovative Excellence Awards were announced. The awards aim to recognise the importance of property development and seek to honour those property... 

Springs Mall project, South Africa

By: Sheila Barradas     2nd September 2016 Construction of the Springs Mall is well under way. 

Redefine to acquire all of Pivotal’s issued shares

By: Anine Kilian     30th August 2016 JSE-listed Redefine Properties and fellow JSE-listed Pivotal Fund have signed an implementation agreement to enable Redefine to acquire all of Pivotal’s issued shares.   When concluded, Pivotal shareholders will hold 138.54 Redefine shares and 9.38 shares in property development company Echo... 

Vukile, Arrowhead and Synergy create new high-growth fund

By: Anine Kilian     29th August 2016 Property development companies Vukile Property Fund, Arrowhead Properties and Synergy Income Fund have concluded agreements for a transaction that will create a high-yield, high-growth fund within the existing entity of Synergy, which will be renamed GemGrow Properties.   The transaction is... 

Alto Tower at La Défense project, France

By: Sheila Barradas     26th August 2016 The project involves the construction of a new skyscraper in the French business district of La Défense.  

R950m Springs Mall construction progressing ahead of March 2017 opening

By: Mia Breytenbach     26th August 2016 Construction of the R950-million Springs Mall at the Blue Crane Eco Park development, in Gauteng is well under way, with the 48 000 m² regional shopping centre on schedule and within budget to open in March 2017, says main contractors Giuricich Bros Group. The mall is a joint venture between the... 

3Q Mahuma Concrete Builds Its Legacy With Chryso Admixtures

     25th August 2016 Admixtures have become an essential component of modern readymix concrete designs. And for many enterprising concrete producers access to a supply of these important sophisticated construction chemicals has been a cornerstone of their success. This has certainly been the case for 3Q Mahuma... 

Hammerson to debut second listing on JSE

By: Anine Kilian     19th August 2016 The South African Reserve Bank’s financial surveillance department has approved the secondary inward listing of property development and investment company Hammerson’s issued ordinary shares on the JSE. The secondary listing, which has been classified as domestic for exchange control purposes, is... 

New fire door in high demand

     19th August 2016 Fire and security doors producer Bitcon Industries has been contracted to supply doors to an array of new shopping centres throughout sub-Saharan Africa. Jet Park-based Bitcon director Bill Vollmer comments that the company is supplying its Rubidor fire doors for the upgrading and construction of... 

Bridge City moving closer to mixed-use vision

     16th August 2016 The Bridge City development north of Durban is gaining momentum as a new urban centre within a polycentric metro - increasing density, creating a mix of uses and linking adjacent areas to each other and the wider metropolitan region. With bulk infrastructure - particularly transport nodes -... 

Atterbury kick-starts works at Richmond Park development

By: Anine Kilian     11th August 2016 Property development company Atterbury has started the internal works at the first of two properties at its Richmond Park mixed-use development in the Western Cape – the site of the biggest land restitution in the province.   “The first two developments at Richmond Park will be for CTM and Cape... 

Potain Helps Barrow Construction Raise Property Value

     1st August 2016 A large commercial property development has rapidly climbed out of the ground on the corner of Oxford and Glenhove Roads in Rosebank, Gauteng, since earthworks started on the site in July 2015. The quick rate at which this office block is being built is a trademark of Barrow Construction’s... 

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... 

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