Author: PropertyWeb

Headlines across the globe continue to comment about the imminent implosion of co-working giant, WeWork, why they fell so hard and so fast, and what this means for the future of co-working. David Seinker, CEO and founder of South African co-working company, The Business Exchang, believes that WeWork stalled for two reasons. The first one […]

  Cape Town tops R21.75 billion in transactions for the 12-month period to end November at an average transaction value of R2.2 million. The metro also scooped the highest prices paid for residential property in the country this year according to Ross Levin, managing director for Seeff Atlantic Seaboard and City Bowl. Comparatively, Pretoria metro […]

The cost of homeownership doesn’t end with the purchase price – home maintenance must be included in any annual budget. Every homeowner knows that the joy of ownership comes with the responsibility of repairing each and every small and large thing that goes wrong in a home and on a property, and that inevitably, issues […]

Odyssey Medical Ballito introduces a medical centre of excellence. As an innovative mixed-use development, Odyssey will encompass healthcare, retail, commercial and residential opportunities all in one area; all within walking distance of one another. Odyssey’s medical centre is expected to launch officially to the public as soon as July 2020. “Odyssey has been designed to […]

The development of Emira Property Fund’s residential conversion, The Bolton, in Rosebank is complete after a two-year project, and its stylish apartments are already more than 95% let. At the end of this two-year project, Emira is pleased with the results of its first foray into residential property. Ulana van Biljon, COO of Emira says: “The Bolton […]

After receding to a 20-year low of 22 in 2019’s third quarter, the FNB/BER Building Confidence Index edged higher to 25 in the fourth quarter.   The current level of the index indicates that only one in four respondents are satisfied with prevailing business conditions. Four sub-sectors registered higher confidence in the fourth quarter namely, hardware retailers […]

The University of Pretoria is the winner of the Greenovate Property Award 2019 and North West University the winner of the Greenovate Engineering Award 2019. The prestigious Greenovate Awards acknowledge outstanding leadership in environmentally innovative thinking for the built environment at university level. The Greenovate Awards is a joint venture initiative between South Africa’s forerunner […]

At the annual ‘World’s Best’ International Property Awards ceremony held at the iconic Savoy Hotel in London on the 2nd of December, Waterfall Management Company was awarded ‘Best International Mixed-use Development 2019-2020‘ for the Waterfall development. It is the third consecutive year that Waterfall has achieved this international recognition, beating five of the best mixed-use developments in […]

As at the end of October 2019, the national house price inflation index was at 2.9%. After a long streak of unrivaled outlying performance, the recent slowdown in the Western Cape has seen it join the ranging market and come second to the optimistic Limpopo province that has just broken out with an annual growth […]

Vukile Property Fund has reported 3.5% growth in dividends to 80.84 cents per share for its half-year to 30 September 2019 in line with its market guidance. Vukile is a South African retail REIT with R35 billion of property assets of which 48% are in Spain through its 82.5% held subsidiary Castellana Properties SOCIMI SA. Its […]

Vukile grows dividends by 3.5% and is on track for robust full-year performance Laurence Rapp, CEO of Vukile Property Fund, attributes the company’s solid half year results to a strong performance from the company’s Spanish portfolio together with a continued solid showing from its South African shopping centres even in a stalled economy. Vukile’s half-year […]

While current trading conditions in the commercial property market are still skewed in favour of buyers, prime-located, sound investment opportunities which present meaningful returns in the immediate and medium term are not always easy to come by, says David Murphy, head of commercial property for BidX1, South Africa’s leading digital property marketplace. “Two exceptional, strategically […]

Construction company GVK-Siya Zama has boosted its Eastern Cape business by hiring experienced contractor, Hannes Geyser, to take the regional business to new levels of growth. As MD of the Eastern Cape division, Geyser will be building on the company’s solid foundation and heritage in the province spanning some forty years, with a focus on […]

Steady growth of 6,7% year-on-year was recorded in outstanding credit balances (R1 717,9 billion) in the South African household sector since August this year up to the end of October. Growth in both secured and unsecured household credit balances was on a gradual upward trend in recent months. Growth in the value of outstanding household […]

In line with the United Nations Sustainable Development Goals Liberty Two Degrees’ co-owned Eastgate Shopping Centre (Eastgate) has launched its rooftop Aquaponics Farm District, a first for its shopping centres. The Farm utilises smart new technologies to provide sustainable solutions to food production and security to patrons of the centre and the broader Johannesburg. In […]

Vukile Property Fund has announce the disposal of all its remaining non-retail property assets to Mbako Property Fund in a deal that achieves economic and gender transformation in the South African property sector. Mbako is a new black-women-owned and -managed unlisted property fund led by AWCA Investment Holdings as its founding shareholder, which will be managed […]

The Competition Commission took a long time to wrap up its investigation into anti-competitive practices in the grocery retail market. But its recommendation in the 650-page report that mall owners and supermarket chains should immediately phase out exclusive lease arrangements is most welcome. For years SA’s biggest grocery retailers have downplayed the inherently anti-competitive and damaging […]

With shopping centres across South Africa preparing for yet another explosive Black Friday this year, the recently renovated Fourways Mall, situated in the north of Johannesburg must be expecting its highest foot traffic to date. Lightstone, the provider of comprehensive data, analytics and systems on property and business assets, analysed the mall’s performance according to data provided by Tracker. […]

Climate change is widely accepted as one of the most pressing challenges of our time. Simply put, our physical resources are buckling under the pressures of unparalleled population growth and rapidly increasing rates of industrialisation and urbanisation. Developing countries, such as South Africa, are particularly vulnerable to the effects of climate change. It represents a […]

Arrowhead Properties, the Real Estate Investment Trust (REIT) with a diversified portfolio of retail, office and industrial properties across all nine provinces of South Africa, has reduced its vacancy rate in the past financial year despite a persistently challenging economic environment. On distributable earnings of R769.3 million for the year to September 2019, Arrowhead has […]

A new report into the High-Net-Worth Individual (HNWI) segment in South Africa found that residential estate living is on the rise among the country’s wealthy. “We estimate that over 40% of South African HNWIs live or have homes on residential estates,” according to real estate advisor Basil Weinrich. Weinrich helped  the global research group New […]

Proptech company, HouseME, has successfully closed another round of multi-million Rand funding, elevating it to a status enjoyed by very few in the tech industry: alive and thriving after three years of fundraising and product building. HouseME is a digital long-term letting platform that makes renting easy and accessible for both landlords and tenants. The […]

South Africa, 26 November 2019: It’s tough out there for second-time home buyers. Trying to sell a first property or get a second home loan from the bank is not always easy. Especially as home prices continue to decline according to the FNB Property Barometer. Additionally, second-time buyers are sometimes at a disadvantage as banks […]

intu properties plc has exchanged contracts for the sale of Sprucefield Retail Park to NewRiver REIT Plc for £40 million, in line with the June 2019 valuation. Sprucefield Retail Park is located in Lisburn, Northern Ireland and comprises of 231,000 sq ft of retail space in five units, anchored by Sainsburys and B&Q. Matthew Roberts, […]