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Balwin experienced strong demand for its lifestyle apartments for the year ended 28 February 2019, despite ongoing economic headwinds and sustained consumer pressure. Balwin Chief Executive, Steve Brookes comments: “We are satisfied with the results and our continued focus on new growth opportunities are expected to be a major catalyst in increasing sales and profitability […]

Spear REIT Limited, a Real Estate Investment Trust (REIT) listed on the JSE, reported its annual financial results this week, posting double-digit earnings growth amidst a dampened economic environment for the South African listed real estate sector. Spear’s management team implemented solutions to the challenges faced in the region in which it operates, through a […]

Izandla Property Fund has announced the completion of the development of a new logistics warehouse and offices measuring 17,020m² for the Wax Division of Sasol Chemicals, located in the Sasol ChemCity Eco-Industrial Park in Sasolburg, Free State. The opening of the building on the 16th May marks the successful culmination of Izandla’s first development project and […]

The development of Capital Mall in Pretoria will be phased with 60,000 sqm Gross Leasable Area (GLA) planned to open towards the end of 2021. The development by one of SA’s oldest rural shopping centre developers, McCormick Property Development (MPD), of a massive shopping mall in Pretoria West costing at least R1.2 billion has been […]

A record number of registered delegates turned up for the first day of the 6thannual conference of the Western Cape Property Development Forum (WCPDF), held on 16 and 17 May 2019, at the Century City Conference Centre in Cape Town. Speaking in his opening address, WCPDF chairperson, Deon van Zyl, noted that not only was […]

Over the past several years South Africans have become comfortable with and accustomed to making purchases on-line. Which is why on-line auction property transactions make perfect sense. So says MC du Toit, CEO, Property Sales for BidX1 South Africa: “Now acquiring property for sale on auction via an on-line platform is rapidly becoming a convenient […]

Emira Property Fund has made two further equity investments into grocery-anchored dominant shopping centres in the USA, both located in the state of Texas. This furthers Emira’s growing US investment strategy through which it has now assembled a portfolio of eight value-focused retail centre assets in thriving states of the world’s largest economy. Geoff Jennett, […]

The generally market-friendly election outcome will in all likelihood create a degree of certainty and stability and go some way towards addressing the issues currently affecting confidence in the South African economy – and as a consequence have a positive effect on the South African residential property market, says Dr Andrew Golding, chief executive of […]

Property is a significant financial asset and the sale thereof should not be taken lightly. Samuel Seeff, chairman of the Seeff Property Group says that real estate transactions are now complex with well over 20 pieces of legislation governing various aspects, and the list continues to grow daily. It is becoming ever-more onerous for property […]

There are signs of increased activity in the property market which may signal a possible upturn following the elections, according to Paragon Lending Solutions CEO Gary Palmer.“The first quarter of 2019 was very tough and people took some real losses after a relatively stagnant 2018,” says Palmer. “Property owners have stopped waiting for the market […]

There are signs of increased activity in the property market which may signal a possible upturn following the elections, according to Paragon Lending Solutions CEO Gary Palmer.“The first quarter of 2019 was very tough and people took some real losses after a relatively stagnant 2018,” says Palmer. “Property owners have stopped waiting for the market […]

Privately owned property development company Amdec is taking advantage of the people’s sheer need to live, work and play in the same precinct with its new R1.5bn Yacht Club precinct on the Foreshore in Cape Town. “I think it is an interesting place to live. You can pop down to a restaurant and if you […]

Property group Vukile said on Monday it had concluded a deal to acquire three rental enterprises comprising Mdantsane City shopping centre, Bloed Street Mall and Sunnypark shopping centre from Rebosis Property. The purchase amount will partly be determined by applying a yield of nine percent to the forecast net property income to be generated from […]

Well positioned in close proximity to the City of Ekurhuleni’s Aerotropolis, which is being developed around OR Tambo International Airport, Johannesburg East has emerged into the spotlight as a strategically well-positioned location for home owners and businesses alike. Says Nelson Ferreira, Pam Golding Properties area principal in Johannesburg East: “No longer can this region be […]

Liberty Two Degrees (L2D), a South African precinct focused retail-centredREIT, has announced its commitment to create a sustainable environment by implementing a ‘no plastic shopping bags’ policy across its malls by 1 January 2020. L2D believes that the future of retail is defined by a continued adaption of standards that meet national and global sustainability […]

Liberty Two Degrees (L2D), a South African precinct focused retail-centredREIT, is excited to announce its commitment to create a sustainable environment byimplementing a ‘no plastic shopping bags’ policy across its malls by 1 January 2020.L2D believes that the future of retail is defined by a continued adaption of standards that meetnational and global sustainability goals. […]

Investec Australia Property Fund CEO Graeme Katz says the proceeds from the capital raising will be used to repay debt and pay the costs associated with the offer. Investec Australia Property Fund (JSE:IAP), which seeks to list on the Australian Securities Exchange (ASX), plans to raise R1 billion by selling 76 million new units in […]

Redefine Properties CEO Andrew Konig says business and consumer confidence are low and this places strain in certain areas, such as the office and retail markets. Redefine Properties (JSE: RDF) which said last week that Sipho Pityana had replaced Marc Wainer as its chair, today reported that it had increased its interim distribution below inflation […]

McCormick Property Development (MPD) confirms that it is all systems go on the much-anticipated Capital Mall, a R1,2bn mega development set to serve the entire Pretoria West region. An appeal to halt the development was overturned during a sitting of the City of Tshwane’s Municipal Appeals Tribunal (MAT) in April, paving the way for the […]

Boom for residential estates Despite housing markets around the world experiencing a slowdown in prices thanks to challenging economic conditions and political uncertainty, there is still potential and value in investing in property in South Africa. This is especially the case when it comes to residential estates, which are currently experiencing a boom in the […]

Redefine Properties (JSE: RDF), which has increased its distribution for the six months ended 28 February 2019 by 4.0% to 49.2 cents, despite ongoing economic and political uncertainty. Internationally held assets contributed 25.4% to income during the review period, with total assets under management increasing by R500m to R99.2 billion. Offshore expansion of R1.9 billion […]

Redefine Properties (JSE: RDF), which has increased its distribution for the six months ended 28 February 2019 by 4.0% to 49.2 cents, despite ongoing economic and political uncertainty. Internationally held assets contributed 25.4% to income during the review period, with total assets under management increasing by R500m to R99.2 billion. Offshore expansion of R1.9 billion […]

The vision for inner cities is to create environments where people can live, work and playthrough densification, mixed-use buildings and affordable housing. In August, last year, the City of Johannesburg launched the prospectus of 71 properties thathave been released to the private sector for development, hoping to see cranes operating inthe inner city soon; turning […]

With just over a week to go before it is finally voting day in Elections 2019, Samuel Seeff, chairman of the Seeff Property Group says that the elections simply cannot come quick enough. It is time to get it done and dusted as quickly and efficiently as possible so that we can get back to […]