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Property News

Ekhaya Mall opens in Embalenhle

By: Schalk Burger     30th April 2021 The 10 700 m2 Ekhaya Mall was opened to the public on April 29 after sixteen months of construction and, based on shopper and retailer demand, the mall’s third phase of 1 800 m2 is already on the cards. The Ekhaya Mall comprises 45 shops, including anchor stores Cashbuild, Shoprite and Roots... 

Fairvest seeks to acquire a stake in Arrowhead

By: Tasneem Bulbulia     29th April 2021 Property company Fairvest Property Holdings has announced its interest in acquiring a stake in Arrowhead Properties through privately placed share swap transactions. This decision follows a number of separate approaches from major Arrowhead shareholders requesting Fairvest to consider becoming a... 

Nonresidential buildings will have to display energy performance certificate by next December

By: Schalk Burger     28th April 2021 By December 2022, some nonresidential buildings will be required by law to display an Energy Performance Certificate (EPC), which is done by measuring the building’s energy use intensity and giving it a colour-coded score from A to G, sustainable structures organisation the Green Building Council... 

Penguin Random House relocating to Growthpoint’s Midrand Business Park

By: Tasneem Bulbulia     23rd April 2021 JSE-listed Growthpoint Properties has concluded a deal with book publisher Penguin Random House to consolidate and relocate the publisher’s offices and distribution centre to 3 657 m2 of upgraded business space at Growthpoint Business Park in Midrand, Gauteng. Penguin Random House is a... 

Major Emira shareholders to launch mandatory offer

By: Donna Slater     23rd April 2021 JSE-listed real estate investment trust Emira Property Fund has received notice that, Maitlantic 10 and Clearance Cantara Master Fund (the offerors) have acquired a combined 35% of Emira’s shares. As such, the offerors will launch a mandatory offer to acquire all the Emira shares not already... 

Independent study confirms passive cooling benefits

By: Schalk Burger     22nd April 2021 State-owned energy research organisation the South African National Energy Development Institute (SANEDI) on April 22 said the results of an independent study of two sites in KwaZulu-Natal have confirmed the benefits of passive cooling, also called cool surfaces. This has further motivated SANEDI... 

Octodec interim performance impacted by Covid-19 pressures

By: Tasneem Bulbulia     21st April 2021 JSE-listed real estate investment trust (Reit) Octodec Investments says a weak economic environment, exacerbated by the Covid-19 pandemic, continued to impact on its results for the six months ended February 28. Higher unemployment, business failures and overall reduced affordability weakened the... 

Gateway Real Estate to build its first office development in Ghana

By: Schalk Burger     19th April 2021 Private real estate development company Gateway Real Estate Africa will build its first commercial office building in Ghana at Appolonia City, which is an inclusive mixed-use new city 20 km from the centre of the capital Accra. The first phase of the project will cost about $4-million. 

NHFC, City of Cape Town form partnership to increase provision of decent housing

By: Schalk Burger     16th April 2021 The partnership between the National Housing Finance Corporation (NHFC) and the City of Cape Town to upgrade and maintain the city’s estimated 57 000 units of rental stock will help to provide decent, secure and affordable accommodation to the people who live and work in the city, Human... 

New mixed-use development coming to Cape Town in 2022

By: Simone Liedtke     13th April 2021 A new mixed-used development Station House has been launched on Cape Town’s Atlantic Seaboard. Located at 19 Kloof road in the heart of Sea Point, one of the most desirable and growing areas of Cape Town, Station House is a 12-storey architectural building, which when completed, will feature 230... 

Managing green-building strategies during construction crucial for ratings

By: Schalk Burger     9th April 2021 Constantly managing, monitoring and aligning construction costs against budget when implementing Green Star sustainable building-rating initiatives helps developers to achieve the objective ratings, says infrastructure and engineering consulting firm Aecom cost management, buildings and places... 

The building achieved an As-Built 6-Star Green Star-rating, which is the highest GBCSA sustainability accreditation
The building achieved an As-Built 6-Star Green Star-rating, which is the highest GBCSA sustainability accreditation

Western Cape human settlements dept launches its own reserve fund

By: Yvonne Silaule     8th April 2021 The Western Cape government has launched the Western Cape Asset Finance Reserve for Human Settlements (WCAFRHS), with the aim to strengthen the provincial Department of Human Settlement’s ability to drastically improve the lives of the people of the province. The launch of the WCAFRHS was first... 

Vukile invests R90m on Daveyton Mall expansion 

7th April 2021 JSE-listed real estate investment trust Vukile Property Fund will invest R90-million on upgrades at its Daveyton Mall, in Ekurhuleni, Gauteng, including a new food court. Marleny Arnoldi attended the construction launch. 

Vukile invests R90m on Daveyton Mall expansion
Vukile invests R90m on Daveyton Mall expansion

Growthpoint, Cintocare unveil new specialised surgical hospital in Tshwane 

By: Simone Liedtke     6th April 2021 JSE-listed property management company Growthpoint Properties and Cintocare, the hospital, have opened an 11 000 m2 specialised surgical hospital development in Tshwane, which is expected to become the first five-star rated green hospital in Africa, and only the fifth in the world with its... 

Growthpoint, Cintocare unveil new specialised surgical hospital in Tshwane
Growthpoint Healthcare fund manager Dr Linda Sigaba takes media through a virtual tour of the new Cintocare hospital in Tshwane. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

New warehouse structure erected with bolted tech

By: Darren Parker     2nd April 2021 Construction connection technology supplier Peikko South Africa completed its scope of work on the new car spare parts supplier Spare Pro warehouse in Germiston, Johannesburg. Peikko South Africa was contracted to provide a bolted connection solution for the 18 500 m2 facility, which is highly... 

BIG ERECTION The 18 500 m2 structure was erected between October and January
BIG ERECTION The 18 500 m2 structure was erected between October and January

Triple warehouse project under way

By: Darren Parker     2nd April 2021 Civil engineering company Icon Group is conducting the bulk earthworks for three warehouses that will be constructed in Ekurhuleni, Gauteng. The triple warehouse project is being developed by property developer JT Ross Property Group on a 40 000 m2 site, with all three warehouses being of equal... 

LAYING THE GROUNDWORK The bulk earthworks work packet was tendered in January and work began in February
LAYING THE GROUNDWORK The bulk earthworks work packet was tendered in January and work began in February

Bara500 ICU hospital handed over after six months of construction 

31st March 2021 With the surge in hospital admissions brought about by the global Covid-19 pandemic, the Gauteng departments of Health and Infrastructure Development embarked on a project to increase its ICU capacity through a national refurbishment and additional build programme. Enza Construction was... 

Bara500 ICU hospital handed over after six months of construction
Bara500 ICU hospital handed over after six months of construction

Balwin warns of lower full-year earnings

By: Tasneem Bulbulia     30th March 2021 JSE-listed Balwin Properties expects its consolidated earnings per share and headline earnings per share for the year ended February 28, 2021, to be between 18% and 23% lower year-on-year. During the period, Mooikloof Mega City, Tshwane East and Greencreek were gazetted as strategic integrated... 

Increases in civil tender awards, hardware sales despite Covid pandemic

By: Irma Venter     26th March 2021 There are some positives to be found in the South African construction market, despite the Covid pandemic, says Industry Insight senior economist David Metelerkamp. This first positive lies in the resilience of the civil engineering sector, where there was a 12.7% increase in civil tenders... 

Vukile to invest R90m in Daveyton Mall expansion

By: Marleny Arnoldi     25th March 2021 JSE-listed real estate investment trust Vukile Property Fund will invest R90-million on a 2 000 square metre gross leasable area extension and modernisation at its Daveyton Mall, in Ekurhuleni, Gauteng. CEO Laurence Rapp tells Engineering News that, as is Vukile’s way, the refurbishment of the... 

Attacq maintains interim profit

By: Marleny Arnoldi     23rd March 2021 JSE-listed real estate investment trust (Reit) Attacq has posted a 57.5% lower distributable income per share for the six months ended December 31 at R148-million, mainly owing to rental discounts of R53-million incurred during the period. The rental discounts were mainly granted to support... 

Attacq's Nexus Waterfall property
Attacq's Nexus Waterfall property

Atterbury reduces water use by 250 000 ℓ a day across eight properties

By: Schalk Burger     19th March 2021 Property investment and development company Atterbury's intensive water consumption reduction drive, using sustainable water management systems at eight of its buildings, has enabled it to use 250 000 ℓ less a day compared with historical consumption. It achieved this through a combination of... 

M&R's subsector classification shifts to engineering and contracting on the JSE

By: Donna Slater     19th March 2021 Effective March 23, engineering company Murray & Roberts’ (M&R's) classification on the JSE will move from Diversified Industrials to the Engineering and Contracting Services subsector – a new subsector to be introduced by FTSE Russell and the enhanced Industry Classification Benchmark. Group CE... 

WBHO sees a tripling of civils and road project pipelines

By: Irma Venter     19th March 2021 The pipeline of civil engineering projects in which Wilson Bayly Holmes-Ovcon (WBHO) hopes to participate has “recently nearly tripled” to R27-billion, up from R10.5-billion in June last year, says CEO Wolfgang Neff. This pipeline only includes contracts that WBHO believes will be awarded in the... 

Bara500 ICU hospital launched

By: Donna Slater     18th March 2021 Construction company Enza Construction recently completed a new Covid-19 hospital wing – the Bara500 unit – in the Chris Hani Baragwanath Hospital complex using innovative building technology which enabled the company to significantly reduce construction time in comparison to conventional... 

The triage area of the new Bara500 ICU hospital
Photo by Creamer Media's Donna Slater
The triage area of the new Bara500 ICU hospital

Decline in building activity pushes first-quarter Building Confidence Index lower

By: Donna Slater     15th March 2021 After having risen to 29 in the fourth quarter of 2020, the First National Bank (FNB)/Bureau for Economic Research (BER) Building Confidence Index shed two points to 27 in the first quarter of this year, showing that more than 70% of respondents are dissatisfied with prevailing business... 

Fortress reports steady progress on strategy, focusing portfolio

By: Schalk Burger     11th March 2021 Real estate investment trust (Reit) Fortress is effectively executing its development strategy and has managed to secure tenants for about 340 000 square metres of gross lettable area (GLA) out of its one-million square metre GLA logistics development pipeline in South Africa. Nearly 62 500... 

MoU signed to bolster female representation in social housing sector

By: Donna Slater     11th March 2021 The Social Housing Regulatory Authority (SHRA) and the South African Women in Construction & Built Environment (SAWIC & BE) have signed a memorandum of understanding (MoU) aimed at advancing the participation of women in the social housing sector. Various stakeholders and partners attended the... 

Growthpoint grows revenue, declares interim dividend

By: Donna Slater     10th March 2021 JSE-listed property investment holdings company Growthpoint Properties achieved 12.5% year-on-year growth in revenue and R2.5-billion in distributable income for the six months to December 31, 2020. It has declared an interim dividend of 58.5c a share. 

EPP ‘cautiously optimistic’ for 2021 as further Covid-19 restrictions loom 

By: Simone Liedtke     10th March 2021 JSE-listed Polish retail landlord EPP reported earnings of €5.56 a share for the year ended December 31, 2020, exceeding the company’s guidance of between €4.75 and €5.25 a share. This, combined with a strong retail rebound in Poland and “promising” economic prospects, bodes well for EPP’s future... 

EPP CEO Tomasz Trzósło
EPP CEO Tomasz Trzósło discusses the company's latest set of financial results, and the impact of Covid-19, with Creamer Media's Simone Liedtke. Video: Recorded on MS Teams. Editing: Creamer Media's Nicholas Boyd.

Civil tenders awarded, hardware sales positives in the construction industry – Metelerkamp 

By: Irma Venter     5th March 2021 There are some positives to be found in the South African construction market, despite the Covid-pandemic, says Industry Insight senior economist David Metelerkamp. This first positive lies in the resilience of the civil engineering sector, where there was a 12.7% increase in civil tenders... 

Civil tenders awarded, hardware sales positives in the construction industry – Metelerkamp

Fairvest notes improvements in property fundamentals despite ongoing Covid-19 impact 

By: Marleny Arnoldi     4th March 2021 JSE-listed real estate investment trust (Reit) Fairvest Property Holdings, in its results for the six months ended December 31, 2020, noted strong improvements in property fundamentals and a solid 7.2% increase in distributions compared with the first half of the 2020 calendar year. However,... 

Fairvest CEO Darren Wilder
Fairvest CEO Darren Wilder and CFO Jacques Kriel discuss interim performance

Calgro M3 unpacks sustainable capital management drive

By: Marleny Arnoldi     3rd March 2021 JSE-listed property developer Calgro M3 has embarked on a series of actions to ensure the group’s ongoing sustainability. This includes having sold a $49-million noncore project in February.  

WBHO sees marked improvement in civils, road sectors 

By: Irma Venter     3rd March 2021 The pipeline of civil engineering projects in which Wilson Bayly Holmes-Ovcon (WBHO) hopes to participate has “recently nearly tripled” to R27-billion, up from R10.5-billion in June last year, says CEO Wolfgang Neff. This pipeline only includes contracts that WBHO believes will be awarded in the... 

Wolfgang Neff
Wolfgang Neff

Hyprop warns of up to 46% decrease in distributable income

By: Schalk Burger     26th February 2021 Specialised shopping centre real estate investment trust (Reit) Hyprop expects its distributable income a share for the six months ended December 31, 2020, to be between 43% and 46% lower year-on-year at between 181c and 191c. The company attributes the decline mainly to the negative impact of... 

Stellenbosch University building achievest A-rating energy efficiency certificate

By: Schalk Burger     26th February 2021 Stellenbosch University (SU) received the very first Electrical Performance Certificate (EPC) for any building in South Africa, with its Admin B building receiving an A-rating for electrical consumption of 48 kWh per square metre. This is in adherence to the amendment to the National Energy Act... 

Stellenbosch University building achievest A-rating energy efficiency certificate

L2D declares 32.33c distribution despite harsh Covid-19 impacts

By: Marleny Arnoldi     22nd February 2021 JSE-listed real estate investment trust (Reit) Liberty Two Degrees (L2D) has declared a distribution of 32.33c apiece for the year ended December 31, 2020. This compares with the distribution of 60.43c apiece declared for the 2019 financial year.  

Liberty Two Degrees CEO Amelia Beattie
Liberty Two Degrees CEO Amelia Beattie
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