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Property News

Akani to develop R350m hotel, conference facility in Middelburg

By: Tasneem Bulbulia     13th January 2021 Property development, management and investment company Akani Properties has won a bid to develop a R350-million hotel and conference facility, in Middelburg, in Mpumalanga.  The facility will include a 150-room hotel and a 1 000-seater capacity conference centre. The hotel will boast standard... 

Biggest obstacle for residential property market this year will be unemployment, expert predicts

By: News24Wire      11th January 2021 The biggest obstacle for South Africa's residential property market in 2021 will be a predicted increase in the country's already very high unemployment rate in the wake of the Covid-19 pandemic, according to Berry Everitt, CEO of the Chas Everitt International property group. He expects the... 

Growthpoint mourns the passing of chief development, investment officer Rudolf Pienaar

By: Creamer Media Reporter      15th December 2020 Property group Growthpoint Properties says it announces "with great sadness" the sudden passing of its chief development and investment officer Rudolf Pienaar. “Growthpoint is indebted to Rudolf for his passion, drive, dedication, and leadership, especially in the field of green building and... 

Growthpoint mourns the passing of chief development, investment officer Rudolf Pienaar
Rudolf Pienaar

University of Western Cape’s latest residence on track to start operating early in 2022

By: Marleny Arnoldi     11th December 2020 The University of the Western Cape (UWC) says its 2 700-bed Unibell student residence is on track to start operating its administration area early in 2022, after construction work got under way in September. Located in Belhar, the R640-million residence is within walking distance of the... 

EPP reveals ‘encouraging recovery’ after second Covid-induced lockdown in Poland

By: Simone Liedtke     10th December 2020 JSE-listed EPP on December 10 revealed an “encouraging recovery” for retail and the continued strengthening of its operational resilience. Poland emerged from a second three-week Covid-19 lockdown on November 28, which marked the start of a robust return to shopping at EPP’s centres. Footfalls... 

EPP reveals ‘encouraging recovery’ after second Covid-induced lockdown in Poland
EPP shoppers adhering to Covid regulations

Afrimat Construction Index shows recovery in Q3 

By: Irma Venter     10th December 2020 Following a sharp decline in construction activity during the second quarter of the year, induced by Covid-19 lockdown regulations, the Afrimat Construction Index (ACI) has staged a strong comeback in the third quarter, moving back to above the 100-mark level of the base period (the first quarter... 

Afrimat Construction Index shows recovery in Q3
Roelof Botha

Solidarity Fund, Return2Work publish health, safety guidelines for workplaces

By: Marleny Arnoldi     8th December 2020 The Solidarity Fund and Return2Work have published a range of free downloadable resources to assist employees and employers in staying safe over the festive period, and ensuring a safe return to work next year. The resources have been loaded onto www.return2work.co.za and include health and... 

Construction of jewellery manufacturing hub nears completion

By: Donna Slater     8th December 2020 Raubex Building is nearing completion of a high-security block in the Jewellery Manufacturing Precinct (JMP) close to OR Tambo International Airport, east of Johannesburg. The Covid-19 national lockdown brought the project to a halt for most of April, in line with regulations. Raubex Building,... 

Construction of jewellery manufacturing hub nears completion
The north west corner of the superblock where one of the logistics companies' security yard is located

GBCSA, Zutari launch safe return to work guideline

By: Marleny Arnoldi     7th December 2020 The Green Building Council South Africa (GBCSA) and consultancy Zutari have developed a “safe return to the workplace” guideline, to help facilitate a responsible reopening of offices in South Africa. “What is emerging is a realisation that lockdown cannot be a long-term strategy against... 

Digitalisation will boost efficiency in construction sector

By: Schalk Burger     4th December 2020 The construction industry – one of the least digitalised industries globally – can improve its efficiency and productivity, and regain its competitiveness, if it digitalises, says construction and engineering software solutions firm RIB CCS CEO Andrew Skudder. “The Covid-19 crisis is leading to a... 

Digitalisation will boost efficiency in construction sector
ANDREW SKUDDER Data is the key to improving the construction sector, better managing pain points, improve outcomes and enable companies to be more competitive without sacrificing profitability and sustainability

Hyprop reports improved interim period

By: Tasneem Bulbulia     3rd December 2020 Retail-focused real estate investment trust Hyprop reported in a December 3 pre-close statement ahead of its December 31 interim closed period that most of its key trading metrics in South Africa have improved since it reported its results for the financial year ended June 30. “We are encouraged... 

Construction sector eager to make 2021 a prosperous year  

By: Irma Venter     3rd December 2020 After a turbulent 2020, the construction sector is eager to make 2021 a much more prosperous year, says Master Builders and Allied Trades Association Western Cape (MBAWC) executive director Allen Bodill. He says the negative effects of the Covid-19 pandemic and subsequent hard national lockdown... 

Construction sector eager to make 2021 a prosperous year 
Allen Bodill

Building confidence index gains some traction after Covid-19 slippage

By: Donna Slater     2nd December 2020 The First National Bank/Bureau for Economic Research Building Confidence Index gained 20 points to 24 in the third quarter, with a further rise to 29 being registered thus far in the fourth quarter – both reaching their best levels since the end of 2018, respectively. However, despite the rise... 

New Castle Gate Lifestyle centre opens its doors in Pretoria 

2nd December 2020 The first phase of the new multibillion-rand Castle Gate mixed-use precinct development in Pretoria has officially opened its doors to the public. Home to some of the latest store concepts for the likes of Woolworths, Checkers, Dis-Chem and Builders Warehouse, Creamer Media Journalist Simone... 

New Castle Gate Lifestyle centre opens its doors in Pretoria
New Castle Gate Lifestyle centre opens its doors in Pretoria

Redefine welcomes signs of green shoots after Covid-19 significantly impacts financial year

By: Simone Liedtke     1st December 2020 Real estate investment trust (Reit) Redefine Properties says it is “well placed” to benefit from logistics growth in Poland after hard lockdown restrictions and dividends withheld by offshore investments “significantly dampened results” for the financial year ended August 31. Tough trading... 

Redefine welcomes signs of green shoots after Covid-19 significantly impacts financial year
Redefine's Andrew Konig and Leon Kok discusses the company's interim results during a virtual briefing on December 1. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Balwin Foundation, CMF to support contractors through construction training programme

By: Simone Liedtke     1st December 2020 Nonprofit organisation (NPO) the Construction Management Foundation (CMF) has entered into a strategic collaboration with fellow NPO Balwin Foundation to support the organisation in its continued quest to train emerging and small contractors from communities surrounding developments by JSE-listed... 

Vukile reports R206m interim loss

By: Marleny Arnoldi     30th November 2020 JSE-listed Vukile Property Fund has managed to contain its retail vacancies at 3% in the six months ended September 30, while sustaining a rent collection rate of 95%. The company, in its latest results statement, says the footfall at its properties was at 86% for the six months under review,... 

L2D sees steady increase in rental collection, footcount in October

By: Marleny Arnoldi     27th November 2020 Real estate investment trust Liberty Two Degrees (L2D) has highlighted the importance of agility in how swiftly the company is able to adapt to new ways of thinking and working going into 2021. In a pre-close investor update, the company states that the impact of the Covid-19 pandemic on its... 

WBHO sees plunge in profit as pandemic, lossmaking projects take toll

By: Irma Venter     27th November 2020 Wilson Bayly Holmes-Ovcon (WBHO) last week reported a massive turnaround in fortunes from 12 months ago when it boasted R513-million in operating profit for the year ended June 30, to a position where it suffered an operating loss of R585-million. The group cited as the main reasons for the... 

Panel on EIPs to feature at Indaba

By: Darren Parker     27th November 2020 The National Cleaner Production Centre South Africa (NCPC-SA) will host a panel at this year’s Manufacturing Indaba on industrial parks, the potential to transform them into eco-industrial parks (EIPs) and leveraging them for accelerated development. This year, the NCPC-SA, United Nations... 

Panel on EIPs to  feature at Indaba
HENRY NUWARINDA The Global Eco-Industrial Park Programme will ensure an added level of quality control and cost-efficiency

Stefanutti Stocks stays in the red as it reports R101m loss 

By: Irma Venter     26th November 2020 The impact of Covid-19, as well as an adverse market, saw Stefanutti Stocks report an operating loss of R101-million for the six months ended August 31, compared with a R865-million loss in the same period last year. Contract revenue from continuing operations declined from R2.9-billion to... 

Stefanutti Stocks stays in the red as it reports R101m loss

New Castle Gate lifestyle centre opening its doors in Pretoria

By: Simone Liedtke     25th November 2020 The first phase of the new multibillion-rand Castle Gate mixed-use precinct development in Pretoria will open its doors to the public on November 26. Home to some of the latest store concepts for the likes of Woolworths, Checkers, Dis-Chem and Builders Warehouse, Castle Gate was built with the... 

New Castle Gate lifestyle centre opening its doors in Pretoria
Photo by Simone Liedtke
The new Castle Gate lifestyle centre

Arrowhead records solid full-year performance

By: Tasneem Bulbulia     25th November 2020 Diversified South African real estate investment trust Arrowhead Properties says it performed ahead of expectations in a tough economic environment during the financial year ended September 30. At period end, Arrowhead directly owned 143 commercial properties in South Africa (split 50% retail,... 

Kwikspace appoints Steinberg CEO, FD

By: Tasneem Bulbulia     25th November 2020 Modular buildings manufacturer Kwikspace has announced the permanent appointment of its new CEO and FD, Dirk Steinberg. Having joined the company in 2014 as FD and executive officer, Steinberg has a wealth of business experience, the company says. 

Growthpoint invests further in Woodmead

By: Tasneem Bulbulia     24th November 2020 JSE-listed real estate group Growthpoint Properties says it is attracting new business to Woodmead, Sandton, with its significant R290-million investment programme that improves public infrastructure and the company’s strategic assets in the area. Growthpoint owns and operates about 250 000 m2 of... 

Nedbank provides financing options for solar power

By: Tasneem Bulbulia     24th November 2020 Banking institution Nedbank is exploring financing options for solar photovoltaic (PV) installation for homeowners and has implemented several options for businesses wanting to install solar PV plants. Nedbank Home Loans strategy head Bruno Cing’andu noted during a November 24 webinar, hosted by... 

Emira continues investment in renewable energy

By: Donna Slater     20th November 2020 JSE-listed real estate investment trust (Reit) Emira Property Fund has been increasing its use of renewable energy since the 2015 installation of a 271 kW solar plant on the roof of its Epsom Downs Shopping Centre, in Bryanston. Since then the company has been continuing the rollout of solutions... 

Emira continues investment in renewable energy
Emira's Boskruin photovoltaic installation

Indluplace weathers Covid-19 storm with strong balance sheet

By: Donna Slater     18th November 2020 Despite the human and economic impact of the Covid-19 pandemic, high demand for its properties drove affordable residential letting company Indluplace Properties’ to maintain a strong balance sheet and steady cash generation for the financial year ended September 30. A dividend of 44.02c apiece... 

Property market faces multitude of issues

By: Donna Slater     18th November 2020 South Africa’s poor economic state, which is described as “bleak”, is set to persist, and will continue to have a negative and disrupting impact on the property and housing market, property consultants, valuers and town planners Rode & Associates CEO Erwin Rode has said. Speaking during a... 

WBHO sees plunge in profit as Covid-19, loss-making projects take toll 

By: Irma Venter     17th November 2020 Wilson Bayly Holmes-Ovcon (WBHO) on Tuesday reported a massive turnaround in fortunes from 12 months ago when it boasted R513-million in operating profit for the year ended June 30, to a position where it suffered an operating loss of R585-million. Group CEO Wolfgang Neff cited the main reasons... 

WBHO sees plunge in profit as Covid-19, loss-making projects take toll

Octodec records reduced income, defers dividend decision to 2021

By: Donna Slater     16th November 2020 Against a weakening economic environment, the sovereign downgrade in March and the Covid-19 pandemic, JSE-listed real estate investment trust Octodec Investments recorded a 22% reduction in distributable income for the financial year ended August 31 and has deferred its decision to declare a... 

Structural integrity aids building life cycle

13th November 2020 Asset management company Collaborit has successfully started penetrating the mining and industrial sectors, providing expert solutions and services into the sustainable, proactive management of structural assets such as steel, concrete and masonry.  

Structural integrity aids building life cycle
THE END IS ALWAYS CERTAIN Every structure has a limited design life and adequate budgeting must be allowed for to ensure regular maintenance is done to ensure this design life is reached

Pandemic challenges exacerbated for industry

13th November 2020 While construction sites were able to reopen in early May for civil projects, ongoing delays in terms of both the public sector being slow to change gears and client’s additional regulations around health and safety, have exacerbated challenges for both property development and construction... 

Pandemic challenges exacerbated for industry
COVID-19 CONUNDRUM The Power Group’s construction arm has been hit with challenges no one could have foreseen with Covid-19

Economy to affect home builders more

By: Mamaili Mamaila     13th November 2020 The effects of Covid-19 and the sluggish economy remain the biggest challenge for the civil engineering and construction sectors. 

Economy to affect  home builders more
SONGEZO BOOI After almost 12 years, the home-building industry is still struggling to reach its former peak

Infrastructure recovery roadmap mulled

By: Mamaili Mamaila     13th November 2020 If South Africa is to have any hope of economic recovery, no sector can afford to do things the way it did before 2020, says the International Zinc Association (IZA). 

Infrastructure recovery roadmap mulled
REFINED STRUCTURES The construction of a new zinc refinery will reduce dependence on special high-grade zinc imports, and provide a much-needed boost for the construction industry

Hard-hit construction sector pins recovery hopes on infrastructure plan

By: Natasha Odendaal     13th November 2020 South Africa’s construction industry ground to a halt on March 27, as the nation entered a hard lockdown that would last weeks, in response to the global Covid-19 pandemic which spurred governments worldwide to impose emergency restrictions. Six months later, the industry is starting to get back... 

Hard-hit construction sector pins recovery hopes on infrastructure plan

Equites concludes R1.8bn UK distribution centre deal

By: Donna Slater     11th November 2020 South African real estate investment trust Equites Property Fund has, through its wholly-owned subsidiary Equites International, concluded an agreement with Hermes Parcelnet to develop a R1.8-billion (£85-million) distribution centre in a prime location in the UK. The property is expected to be... 

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