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Musina Intermodal Terminal to improve cross-border trade

By: Schalk Burger     26th June 2017 The Musina Intermodal Terminal (MIT), launched on Monday, is set to reduce the cost of cross-border trade, especially for bulk commodities, on the North-South trade corridor. The terminal, about 3 km outside Musina and about 13 km from the Beitbridge border post, will serve to move commodities,... 

Continent-wide digital skills development initiative aims to train half a million young Africans in one week

     20th June 2017 The 2017 edition of Africa Code Week officially kicked off yesterday in Flic-En-Flac, Mauritius. Now in its third year, Africa Code Week aims to spread coding literacy among African youth, with a key focus on female skills development and training.   Inaugurated in 2015 by SAP Corporate Social... 

JG Afrika scoops top two places in SAICE Western Cape Awards

     9th June 2017 JG Afrika’s Western Cape-based projects secured first and second place in the branch programme of this year’s prestigious annual South African Institution of Civil Engineering (SAICE) Awards. The high-profile SAICE annual awards recognise well-engineered projects that truly demonstrate the art... 

New empowered property company to benefit those seeking BBBEE compliance

By: Anine Kilian     8th June 2017 New black-empowered property fund Izandla Property, which is sponsored by Investec Property (IP) and Investec Property Fund (IPF), was officially launched, in Johannesburg, on Thursday. Izandla Property’s majority shareholding is the Entrepreneurship Development Trust (EDT), a broad-based... 

Telkom eyes growth through fit-for-purpose operating model

By: Natasha Odendaal     5th June 2017 After four years of an aggressive turnaround, JSE-listed Telkom is now on stable ground and has been left with a fit-for-purpose operating model, housing five entities that are expected to be self-sustaining. The group reported significant strides made in a difficult operating environment to set... 

Earthworks for 42 500 m2 office to start in August

     26th May 2017 Bulk earthworks for the 42 500 m2 property that hosts auditing and consulting firm Deloitte South Africa’s new Gauteng office is excepted to start in August, with construction expected to start in the fourth quarter of this year. Property development company Atterbury announced last month that it... 

African Utility Week organisers clinch four awards

     5th May 2017 Cape Town-based trade exhibition and conference organiser Spintelligent, which owns and organises the African Utility Week, has won four major awards at the Respect, Opportunities, Achievement, Recognition (Roar) Organiser and Exhibitor Awards, which took place in Johannesburg on January 26. The... 

Pretoria property development to incorporate lagoon technology

By: David Oliveira     7th April 2017 Multinational water innovation company Crystal Lagoons has partnered with JSE-listed Balwin Properties to construct and operate South Africa’s first local Crystal Lagoon, a proprietary technology used to construct and maintain lagoons at low costs.   Balwin Properties’ new R4.2-billion The Blyde... 

Atterbury to open new Ghana mall in April

By: Megan van Wyngaardt     24th March 2017 South African property development company Atterbury will open its fourth retail development in Ghana, the $95-million Kumasi City mall on April 20. The 18 500 m2 modern mall, with potential for a future 10 000 m2 expansion, will give the city of Kumasi its first one-stop building with shopping... 

Fortress Income Fund launches R650 million Louwlardia development

     16th March 2017 The JSE listed Fortress Income Fund has officially launched the Louwlardia Logistics Park, a R650 million A Grade logistics facility that is under development alongside the N1 in Centurion.   Speaking at the launch,  executive director Andrew Teixeira said that Louwlardia was part of the 1... 

Momentum builds at Bridge City mixed-use development

By: Anine Kilian     13th March 2017 Activities at the Bridge City mixed-used property development north of Durban are gathering momentum. To date, 65% of the 53 ha development area has been sold to a mix of public and private sector investors, while 360 000 m2 of bulk is still available for purchase in Bridge City. 

Ballito Junction Regional Mall will raise the KZN fashion stakes 

     7th March 2017 The much-anticipated opening of Ballito Junction Regional Mall will introduce a sensational assortment of stylish new shopping for the fashion-forward Dolphin Coast. Ballito Junction will open on Thursday, 23 March, with a strong focus on fashion and accessory brands - from the cool casual of... 

Commission approves sale of M&R’s infrastructure and building platform

By: Megan van Wyngaardt     6th March 2017 The Competition Commission has approved the sale of Murray and Roberts’ (M&R’s) infrastructure and building (I&B) platform to Firefly Investments 319, without conditions. M&R has undergone a significant restructuring in recent years that will result in it exiting the general building and civil... 

Sandton is still on the rise and home to half of SA’s current commercial property development

     2nd March 2017 Nearly half of all the office development taking place in South Africa right now is happening in Sandton. Sandton Central is the epicentre of this development, which includes many of the most cutting-edge, exciting and innovation new buildings on the continent. The latest research in the South... 

JHB Property Company unveils rejuvenation initiatives 

     1st February 2017 The Johannesburg Property Company invited media in December last year to view the construction sites of the new R340-million Johannesburg Council Chamber building and Alexandra townships latest mall, Alex Mall. David Oliveira reports.  

New sewer pipeline to relieve pressure on existing works

By: Simone Liedtke     27th January 2017 Dube TradePort will construct the 6-km-long Hlawe river sewer pipeline, which will link the Dube TradePort precinct to the existing Tongaat Wastewater Treatment Works, service the northern part of the TradePort precinct and relieve pressure on the wastewater works. 

New Joburg council chamber design draws on lekgotla theme

By: David Oliveira     20th January 2017 The new R340-million Johannesburg Council Chamber building, with several unique features, was showcased to the media last month by the Joburg Property Company (JPC). JPC property development senior manager Alan Dinnie explained during the tour that the new building, expected to reach completion... 

Equites sells Cape Town office block for R50.82m

By: Anine Kilian     12th January 2017 Property development company Equites Property Fund has sold its D’Urban Square office building, in Bellville, Cape Town, to private property investment company Gamlan Investments for R50.82-million. The disposal forms part of Equites’ strategy to sell its office assets and focus on logistics... 

Philippines cancels environmental permits of three mines – Minister

By: Reuters     15th December 2016 The Philippines has cancelled the environmental permits of three nickel mines and warned that three more producers were at risk of losing theirs, as the government intensifies a crackdown to curb damage to natural resources caused by the mining sector. The world's top nickel ore supplier is... 

New Johannesburg Council Chamber to allow for greater public participation in governance

By: David Oliveira     13th December 2016 The new R340-million Johannesburg Council Chamber building, which is expected to be complete in March next year, will boast dedicated seats for the public and media. Joburg Property Company (JPC) property development senior manager Alan Dinnie on Tuesday told journalists attending a media tour... 

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... 

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... 

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