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Property

Image of 84 Harrison street building in Cape Town
Afrimat, Hemporium build world’s tallest hemp-product building 
4th July 2022 By: Irma Venter

In a global first, 84 Harrington Street is the world’s tallest building being constructed using hempcrete blocks and hemp building materials, says the partnership between two Cape Town-based... 


Hyprop reduces LTV to 40%, repositioning portfolio for sustainable growth
29th June 2022 By: Schalk Burger

JSE-listed real estate investment trust Hyprop's current consolidated loan-to-value (LTV) is about 40%, down from a historic 47%, the company said in a pre-close update on June 29. This is owing to... 


An image of sod-turning at the Salvokop Precinct Development
DPWI undertaking bulk infrastructure installation at new mixed-use development
29th June 2022 By: Donna Slater

The Department of Public Works and Infrastructure (DPWI) is building and installing bulk and internal infrastructure at the Salvokop Precinct Development – a mixed-use precinct project, which forms... 


Attacq social executive Janine Palmer
Attacq Foundation hosts bursary session for students
24th June 2022 By: Darren Parker

Corporate social investment initiative the Attacq Foundation held its bursary session for students studying property-related and engineering courses at partner institutions on June 24. The... 


Western Cape starts construction on Cape Agulhas housing project
24th June 2022 By: Yvonne Silaule

Western Cape Infrastructure Minister Tertuis Simmers this week turned the sod to mark the first phase of construction of the Deferred Ownership Project, in Cape Agulhas. The R55-million project is... 


Informal settlements near North West mining areas to be upgraded
24th June 2022 By: Yvonne Silaule

Informal settlements in the mining areas around the Bojanala and Dr Kenneth Kaunda districts, in the North West, will soon be upgraded as the provincial Department of Human Settlements sets out to... 


Image of a construction site
Afrimat Construction Index shows first quarter decline
23rd June 2022 By: Irma Venter

Although the Afrimat Construction Index (ACI) has marginally outperformed South Africa’s gross domestic product (GDP) growth rate during the first quarter of 2022 on a year-on-year basis, the index... 


S&J estate traffic circle
S&J Industrial Estate development applies for EcoDistricts certification
22nd June 2022 By: Darren Parker

The new S&J Industrial Estate, situated on the south-eastern corridor of Johannesburg, has applied to become the first EcoDistricts-certified precinct outside of North America. EcoDistricts... 


Massmart's new Riversands distribution centre
Massmart opens new flagship Riversands distribution centre
14th June 2022 By: Darren Parker

Retail company Massmart officially opened its new distribution centre in Riversands, Johannesburg, on June 14. The 75 000 m2 warehouse is the second of three new facilities in Massmart’s new... 


Image of ABT architecture, engineering and construction solutions director Jaco Barnard
OpenSpace launches ‘Google Street View’ for construction projects 
10th June 2022 By: Irma Venter

Stellenbosch-based Agile Business Technology (ABT) has partnered with US group OpenSpace to launch its 360° capture and artificial intelligence (AI) platform for construction projects in South... 


Vukile CEO Laurence Rapp
Vukile posts strongest year-end results yet
9th June 2022 By: Darren Parker

JSE-listed specialist retail real estate investment trust (Reit) Vukile Property Fund has announced a 9.5% increase in earnings for its financial year to March 31 and declared a total dividend of... 


Lanseria smart city plans
At least 50% of Lanseria smart city’s housing will need to be subsidised
9th June 2022 By: Darren Parker

At least 50% of the housing planned for the Lanseria smart city initiative will need to be subsidised or cross subsidised to maximise inclusion, Gauteng Department of Economic Development deputy DG... 


Developers break ground on mixed-use residential neighbourhood Barlow Park
2nd June 2022 By: Tasneem Bulbulia

Barlow Park is set to become Sandton’s new residential neighbourhood and will offer affordable housing. Bulk earthworks for the first phase of the R3-billion-project started in June, and will turn... 


Fairvest declares first dividend after merger with Arrowhead
1st June 2022 By: Schalk Burger

JSE-listed real estate investment trust Fairvest on June 1 announced its first interim results as a merged entity, and declared dividends equal to 100% of distributable income at 61.52c per A share... 


An image showing Queen’s Hotel in Oudtshoorn
BON Hotels takes over Queen’s Hotel in Oudtshoorn
1st June 2022 By: Tasneem Bulbulia

Hospitality management company BON Hotels’ team has taken over the management of  the Queen’s Hotel, in Oudtshoorn, with BON Hotels CEO and founder Guy Stehlik calling this a “new and exciting... 


Attacq appoints leaders to bolster broader corporate strategy
26th May 2022 By: Donna Slater

JSE-listed real estate investment trust Attacq has appointed David Oosthuizen development executive and Lourens Du Toit sustainability, infrastructure and land head – both as a result of internal... 


Despite some challenges, most property market segments remain buoyant
26th May 2022 By: Schalk Burger

The different segments of the property market were experiencing different pressures, but all remained generally bouyant, with interest rates supportive of demand for property, said industry... 


An image of Green Building Council South Africa's new Cape Town offices
Green Building Council relocates to new building in Cape Town
25th May 2022 By: Donna Slater

The Green Building Council South Africa (GBCSA) will be moving to a new 330 m3 green office at Growthpoint Properties’ River Park facility, in Mowbray, in Cape Town, on June 1 under a three-year... 


Corobrik launces new R800m Kwastina brick factory
Corobrik launches new R800m Kwastina brick factory
25th May 2022

President Cyril Ramaphosa and Corobrik CEO Nick Booth officially unveiled the company’s new R800-million Kwastina brick factory, in Gauteng, earlier this month. Tasneem Bulbulia attended the launch.  


Nedbank arranges R500m sustainability-linked loan for Old Mutual Property
23rd May 2022 By: Schalk Burger

Financial services firm Nedbank Corporate and Investment Banking (CIB) has coordinated, arranged and structured a R500-million sustainability-linked credit facility for Old Mutual Property to... 


Growthpoint's Draper on Main property, in Cape Town
Index shows ‘green’ buildings perform better than non-certified ones on every metric
19th May 2022 By: Marleny Arnoldi

Certified green buildings continue to outperform non-certified assets in the commercial property sector, the MSCI South Africa Green Annual Property Index shows. Particularly, certified green,... 


Emira sells Enyuka shareholding to One Property for R637m
18th May 2022 By: Schalk Burger

JSE-listed real estate investment trust Emira Property Fund will sell its entire 49.9% stake in rural and lower-living standards measure retail property Enyuka Property, which is a joint venture... 


Indluplace posts lower interim revenue, profit, despite improved letting activity
18th May 2022 By: Darren Parker

JSE-listed real estate investment trust (Reit) Indluplace has reported a 4% year-on-year decrease in revenue and a 7% year-on-year decrease in operating profit for the six months ended March 31.... 


Investec Property Fund declares 11% higher dividend for FY22
18th May 2022 By: Marleny Arnoldi

Property firm Investec Property Fund (IPF) has posted a 10.8% increase in distributable income per share (DIPS) of 107.6c for the financial year ended March 31, compared with DIPS of 97.08c in the... 


Emira grows US investment
16th May 2022 By: Tasneem Bulbulia

JSE-listed Emira Property Fund has acquired its twelfth grocery-anchored open-air shopping centre in the US. Always investing together with its in-country US investment partners, the Rainier Group... 


Redefine reinstates interim dividend at 23.69c
16th May 2022 By: Marleny Arnoldi

JSE-listed real estate investment trust (Reit) Redefine Properties has posted 5.9% higher distributable income at R1.5-billion for the six months ended February 28. Distributable income a share... 


Balwin declares dividend on the back of record revenue, lifts profit by 15%
16th May 2022 By: Donna Slater

JSE-listed property developer Balwin Properties increased its profit for the financial year ended February 28 by 15% year-on-year, resulting in a profit margin of 27%, while revenue increased by... 


Sustainability, affordable housing demand underpin Calgro M3’s strong full-year performance
16th May 2022 By: Schalk Burger

JSE-listed property development company Calgro M3 CEO Wikus Lategan attributes a 50.3% increase in group revenue to R1.32-billion for the financial year ended February 28, to demand for and sales... 


Octodec records solid performance in tough climate on the back of digitalisation initiatives
10th May 2022 By: Tasneem Bulbulia

JSE-listed real estate investment trust Octodec Investments recorded a solid performance for the six months ended February 28, against a backdrop of subdued market recovery. Speaking to Engineering... 


Dipula posts good interim results under ‘extremely challenging conditions’
5th May 2022 By: Schalk Burger

JSE-listed diversified real estate investment trust Dipula Income Fund increased its distributable earnings by 0.1% to R275.7-million for the six months ended February 28. It maintained a 100%... 


Equites CEO Andrea Taverna-Turisan
Warehouse demand growth boosts Equites’ full-year results
4th May 2022 By: Darren Parker

Intensifying demand for modern and future-proof warehousing solutions contributed to a strong financial year for real estate investment trust (Reit) Equites Property Fund. “Logistics properties... 


Fairvest to list on A2X
4th May 2022 By: Tasneem Bulbulia

Property company Fairvest has been approved for a secondary listing on A2X Markets and will be available to trade on the exchange from May 11. This follows the merger of Arrowhead Properties and... 


SA Corporate Real Estate to list on A2X
25th April 2022 By: Schalk Burger

JSE-listed real estate investment trust SA Corporate Real Estate has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from May 3. The company... 


Industrials acquires four multi-let UK estates for £21-million
21st April 2022 By: Schalk Burger

JSE-listed real estate investment trust (Reit) Industrials REIT has acquired four multi-let industrial estates in Boston, Barnsley, Leeds and Stockton on Tees, in the UK, for £20.86-million. The... 


Maluti Crescent in Phuthaditjhaba
Nedbank extends R200m green loan for Vukile solar projects
19th April 2022 By: Schalk Burger

JSE-listed real estate investment trust Vukile Property Fund has concluded a five-year, R200-million use-of-proceeds green loan with financial services firm Nedbank Corporate and Investment... 


RIB sponsors free-to-use tool to help make buildings more sustainable
19th April 2022 By: Schalk Burger

Architecture, engineering and construction (AEC) technology multinational RIB has partnered with nonprofit organisation Building Transparency, which developed and provides a free and open-access... 


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