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Property News

Shipping containers offer an alternative to traditional construction

By: Simone Liedtke 6th August 2019 Owing to increasing economic pressures and continued limited access to property, Rawson Property Group says the trend of creating homes from shipping containers could potentially solve the problem. “Shipping containers certainly offer an interesting alternative to traditional construction... →

Hyprop continues to reduce its sub-Saharan Africa exposure

By: Simone Liedtke 5th August 2019 JSE-listed Hyprop Investments and AttAfrica have concluded an agreement to dispose of their interests in the Manda Hill shopping centre, in Zambia, to Growthpoint Investec African Properties. The shopping centre was owned by Hyprop Investment’s 37.5% held Mauritius subsidiary. →

Growthpoint, Investec JV buys Zambia shopping centre

By: Marleny Arnoldi 5th August 2019 Real estate investment trust (Reit) Growthpoint Investec African Properties (GIAP) has successfully concluded the 100% acquisition of Manda Hill shopping centre, in Lusaka, Zambia. GIAP, a joint venture (JV) between Growthpoint Properties and Investec Asset Management, also recently acquired... →

Illovo Central construction on track for March completion

By: Marleny Arnoldi 5th August 2019 Construction of the Illovo Central mixed-use development, near Sandton, is on track for completion by March 2020. The 15-floor building, which is being built by Concor Buildings, will offer a combination of office space and residential units. →

Illovo Central being constructed by Concor Buildings

V&A Waterfront shopping centre achieves five-star green rating

By: Simone Liedtke 5th August 2019 The V&A Waterfront’s waste management and recycling practices has earned the property a five-star Green Buildings Council of South Africa (GBCSA) Green Star Existing Building Performance (EBP) v1 certification for its Victoria Wharf shopping centre. This is the highest rating for any existing... →

Inspection ensures buildings comply with fire regulations

By: Khutso Maphatsoe 2nd August 2019 Hospitality and retail buildings are deemed demanding in terms of fire protection and fire systems, but fire risk management and support company ASP Fire CEO Michael van Niekerk says an inspection process needs to be done to ensure that buildings comply with the National Buildings Regulations... →

MICHAEL VAN NIEKERK Architects request an estimation of the cost of fire systems to identify the cost factors

Property group achieves triple win at awards

2nd August 2019 Well-known South African property brand real estate agents Rawson Property Group has received three Global Brands Awards. The group’s wins include Best Real Estate Marketing Brand, Most Innovative Real Estate Brand and the highly coveted all-rounder, Best Real Estate Brand. →

Liberty Two Degrees on track to deliver forecast full-year distributions

By: Marleny Arnoldi 29th July 2019 Precinct-focused, retail-centred real estate investment trust Liberty Two Degrees (L2D) achieved a strong operational performance for the six months ended June 30, despite depressed market conditions. L2D on Monday declared an interim dividend of 29.31c apiece for the reporting period, in line... →

A Liberty Two Degrees property, Eastgate

Dipula offers to buy out Reit SA Corporate in R9bn deal

By: Tasneem Bulbulia 26th July 2019 Real estate investment trust (Reit) Dipula Income Fund has made an offer to acquire fellow Reit SA Corporate in an all-share deal valued at about R9-billion. On a combined basis, Reit SA Corporate shareholders will own about 67% of the merged entity post the proposed transaction, with its... →

Vukile renovates Pinetown mall

By: Marleny Arnoldi 25th July 2019 Vukile Property Fund has completed renovations at its Pine Crest shopping centre, in Pinetown, in KwaZulu-Natal and has rebranded it as Pine Crest Embizweni. The R200-million, 14-month multifaceted refurbishments began in January 2018 and included the addition of a new floor of retail beneath... →

Vukile Property's Pine Crest Embizweni shopping centre, in KwaZulu-Natal

Inquiry into fatal Durban building collapse nears completion

By: African News Agency 23rd July 2019 An inquiry into the collapse of a building in the south of Durban last year that left four people dead is set to conclude next week, the department of employment and labour has said. The collapse of the Imperial Logistics Construction building resulted in the deaths of Bhekuyise Moses Sibiya,... →

Comprop offers R1.8bn in Safari takeover bid

By: Marleny Arnoldi 22nd July 2019 Specialist investment company Futuregrowth Asset Management subsidiary Community Property Company has offered R1.8-billion to acquire the entire issued share capital of JSE-listed retail property fund Safari Investments. This follows after Safari announced a share-for-share reverse takeover... →

Coal to Newcastle: Residents say mine puts them in danger

By: News24Wire 22nd July 2019 Residents of Blaauwbosch village in Newcastle, who live near an old coal mine where informal mining takes place, say they are fed up with empty promises by the government and local politicians. They told GroundUp they want to be moved elsewhere. The residents say the walls of their houses are... →

Atlas Copco optimises in tough market conditions

18th July 2019 Atlas Copco South Africa last month hosted a tour at their head office in Boksburg to covey the company’s new corporate brand message – “The Home of Industrial Ideas” – which is one of the many ways Atlas Copco has tweaked its company to move into the Fourth Industrial Revolution. Marleny Arnoldi... →

Atlas Copco optimises in tough market conditions

Council pursuing sustainable initiatives for property sector transformation

By: Tasneem Bulbulia 12th July 2019 The property sector achieved a mixed performance in terms of broad-based black economic empowerment (BBBEE) over the past year, Property Sector Charter Council (PSCC) CEO Portia Tau-Sekati said on Thursday. She was speaking at the PSCC seminar, in Johannesburg, during which the entity’s ‘2019... →

Portia Tau-Sekati

Vryburg's first enclosed mall to open in 2021

By: Marleny Arnoldi 12th July 2019 Pretoria-based developers Twin City Development will build Vryburg’s first enclosed shopping mall, situated in North West. Dubbed Twin City Vryburg, the R290-million development is expected to change the face of retail in the town, with around 70 stores, three anchor tenants, restaurants and... →

Collaboration key to property, construction success – De Lille

By: Tasneem Bulbulia 11th July 2019 Public Works and Infrastructure Minister Patricia de Lille on Thursday called for collaboration between the public and private entities in the property and construction sectors in order to tackle the challenges facing these sectors and to pursue opportunities to boost growth in these sectors, as... →

Photo by Creamer Media's Darlene Creamer
Public Works and Infrastructure Minister Patricia de Lille

Mediclinic moves to new Stellenbosch hospital developed by Atterbury

By: Tasneem Bulbulia 10th July 2019 Mediclinic has started operating from new medical facilities in Stellenbosch, purpose-built for the private hospital group by Atterbury and its partners to serve the growing burden of care in for the Winelands community. South African property developer and investor Atterbury began the... →

Green office properties deliver returns in tough climate

By: Tasneem Bulbulia 4th July 2019 The latest ‘MSCI South Africa Green Annual Property Index’ – now in its third year – has shown the association between quality and green certified buildings, as reflected by a higher capital value per square metre, more resilient capital growth and slightly lower income returns, compared with... →

Workshop17 opens third co-working space in Cape Town

By: Tasneem Bulbulia 3rd July 2019 Workshop17, in which JSE-listed Growthpoint Properties holds a 50% interest, has opened a third co-working space, at The Harrington, in the East City precinct, in Cape Town. A collaborative workspace in a key location, the new space provides 30 customisable private offices, hot-desking, dedicated... →

The entrance to The Harrington building on Harrington street in Cape Town

Growthpoint, Investec JV buys prime shopping centre in Ghana

By: Marleny Arnoldi 1st July 2019 Pan-African real estate investment trust (Reit) Growthpoint Investec African Properties (GIAP) on Monday concluded the acquisition of 97.5% in Achimota Retail Centre, a prime shopping centre in Accra, Ghana. The asset was acquired from AttAfrica, which is a joint venture (JV) between JSE-listed... →

EPP closes tranche two of M1 transaction

By: Tasneem Bulbulia 27th June 2019 JSE-listed Property company EPP has successfully completed the purchase of four M1 shopping centres, in Poland, closing tranche two of its multiyear M1 transaction. The M1 transaction, first announced to the market in 2017, involves EPP acquiring eight shopping centres and four retail parks with... →

Hadley Dean

Bosch Rexroth hosts first customer day at new location

27th June 2019 Engineering firm Bosch Rexroth South Africa Group of Companies held its first customer day last month at its new location, named Hytec United By Bosch, or HUBB, in Kempton Park, in Gauteng. Mamaili Mamaila tells us more. →

Bosch Rexroth hosts first customer day at new location

EPP forms JV to manage Poland office buildings

By: Creamer Media Reporter 25th June 2019 JSE-listed property company EPP has established a joint venture with pan-European private equity real estate platform Henderson Park, which will acquire a 70% interest in EPP's Polish office building portfolio. EPP will retain a 30% interest in the portfolio, which comprises 11 newly built office... →

WeWork opens second South African location in Cape Town

By: Marleny Arnoldi 24th June 2019 Global space, community and services company WeWork has established an office in Cape Town, the second city in South Africa where it is launching a presence. WeWork will take up four floors in the city’s eleven-floor 80 Strand street property, which is co-owned by Emira Property Fund and Swish... →

More African capitals realise need for resilient, sustainable infrastructure

By: Marleny Arnoldi 24th June 2019 City of Tshwane executive mayor Stevens Mokgalapa says 71% of South Africa’s population will live in urban areas by 2030. This will increase further to 80% by 2050. Africa as a continent, meanwhile, is expected to reach 50% urbanisation by 2030, the mayor said, citing data from the World... →

Tshwane mayor Stevens Mokgalapa

Company expands on fixing range

By: Khutso Maphatsoe 21st June 2019 Construction and fixing supplier Upat South Africa, the sole Southern African agents for fischer Fixings, has added its Duopower nylon expansion plug to its extensive range of fixings. Made from two different types of nylon, Upat technical sales director and co-owner, Kerry Kuhlmann, explains... →

CLOSE KNIT Upat not only supplies the fischer range of products, the company offers four other major brands that are all complementary

Wits launches first solar district heating system in South Africa

20th June 2019 The South African National Energy Development Institute last month launched the first solar district heating system in South Africa at the Wits University’s Junction Campus, saving the buildings millions in energy costs a year. →

Wits launches first solar district heating system in South Africa

R600m retail boost on the cards for PE’s Boardwalk Precinct

By: Simone Liedtke 20th June 2019 Flanagan & Gerard Group and Moolman Group have signed an agreement with Emfuleni Resorts, a subsidiary of Sun International, to extend and upgrade the retail area at Boardwalk Casino and Entertainment World, in Port Elizabeth, in a R600-million redevelopment project. The Boardwalk Mall... →

An artist's impression of the entrance area of the upgraded retail area at Boardwalk Casino and Entertainment World

Emira’s Denver warehouse attracts tenants looking for ‘state-of-the-art’ facilities

By: Simone Liedtke 19th June 2019 JSE-listed Emira Property Fund’s refurbished warehouse facility, in Denver, Johannesburg, has opened its doors and is attracting tenants looking for state-of-the-art facilities paired with contemporary office space and energy efficiency. The real estate investment trust invested R8.2-million in... →

Emira Property Fund’s refurbished warehouse facility, in Denver, Johannesburg

Balwin registers over 16 000 EDGE certified units

By: Simone Liedtke 18th June 2019 JSE-listed Balwin Properties has registered more than 16 000 units across seven of its built-to-sell and three of its rental developments as excellence in design for greater efficiency certified with the Green Building Council South Africa. The registration will be completed over the next six... →

Balwin Properties Kikuyu development

City of Joburg to reclaim hijacked shops in Riverlea for community use

By: African News Agency 18th June 2019 The City of Joburg on Tuesday, said it was moving ahead with efforts to reclaim hijacked properties after its Council passed a report to enable the City to reclaim local community shops in Riverlea, south of Johannesburg. Leah Knott, Member of the Mayoral Committee (MMC) for Economic Development,... →

Atterbury’s Western Cape office relocated to Stellenbosch heritage building

By: Nadine James 14th June 2019 Atterbury’s new Western Cape office is the La Gratitude Manor House – an iconic building, national monument and the second-oldest building in Stellenbosch. Atterbury’s decision to move its Western Cape head office was based primarily on its space requirements, but Atterbury Western Cape... →

La Gratitude

Fortress joins programme to help emerging property businesses grow

By: Simone Liedtke 14th June 2019 Growthpoint initiative Property Point and JSE-listed Fortress Real Estate Investment Trust (REIT) have partnered to roll out an enterprise and supplier development (ESD) programme in the property sector. The programme provides extensive insight to small businesses on becoming market and funding... →

Growthpoint’s Oxford road development to be completed by October

By: Nadine James 14th June 2019 Growthpoint Properties’ multimillion-rand 144 Oxford road development is set for completion in October. The nine-storey, 35 000 m2 office development comprises two office towers. Designed by Paragon Architects, the building comprises a northern and southern wing connected by a central link. →

144 Oxford Road artist impression

Builders Warehouse opens flagship store in Boksburg

13th June 2019 Builders Warehouse opened its latest store in Boksburg, in April. The new 15 170 m2 box format store design entailed a new layout and look-and-feel to align with Builders’ digitalisation and counter-driven strategy. Marleny Arnoldi attended the opening. →

Builders Warehouse opens flagship store in Boksburg

City commits to changing red tape into red carpet for business community

By: Marleny Arnoldi 11th June 2019 City of Joburg executive mayor Herman Mashaba’s Inner City Rejuvenation Programme (ICRP) has, to date, awarded tenders for 24 developments, spanning 81 properties and pieces of land. These developments are expected to create 11 000 direct jobs and will comprise around 6 500 one- and two-bedroom... →

Photo by Bloomberg
Johannesburg

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