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The City of Johannesburg (COJ) says it has identified abandoned factories in the city that it plans to expropriate in order to allow the private sector to turn them into low-cost affordable housing. The City of Johannesburg (COJ) says it has identified abandoned factories in the city that it plans to expropriate in order to […]

Most South Africa’s municipalities are in a financial state so terrible, threatening their ability to deliver services, says Auditor General (AG) Kimi Makwetu on Wednesday. MOST South Africa’s municipalities are in a financial state so terrible, threatening their ability to deliver services, says Auditor General (AG) Kimi Makwetu on Wednesday. Makwetu released the latest municipal […]

Roland van Wijnen, a former CEO of LafargeHolcim’s Philippines unit, worked in the Swiss buildings company’s South African and Eastern European divisions during his 17-year career. PPC, SA’s largest cement maker, has named ex-LafargeHolcim veteran Roland van Wijnen as its new chief executive on Wednesday after a near seven-month search. Van Wiljen, who will start […]

Bronwyn Corbett, the woman behind the formation, has patiently developed Grit Real Estate into a company which owns US dollar-based income generating shopping centres and offices in Africa. Grit Real Estate (JSE: GTR) is leading the charge of investing in the African property industry. It should double its asset base in the next two years […]

Limpopo’s Elim Mall, which is located in Makhado (formerly Louis Trichardt), is undergoing an expansion at a cost of R120m. Limpopo’s Elim Mall, which is located in the south-east of Makhado formerly Louis Trichardt, is undergoing an expansion at a cost of R120m. The owners, Twin City based in Pretoria, will add approximately 40 new […]

Architectural perspectives of the upgraded entrance of Boardwalk Mall scheduled to open in 2021. The Boardwalk Casino and Entertainment World in Port Elizabeth is undergoing an R600 million extend and upgrade in the retail area. Property developers, Flanagan & Gerard Group and Moolman Group, have signed an agreement with Emfuleni Resorts, a subsidiary of Sun […]

The rand was also boosted by news that President Cyril Ramaphosa has re-appointed South African Reserve Bank Governor Lesetja Kganyago for another five-year term. The Rand firmed on Wednesday as the dollar weakened after U.S. Federal Reserve Chairman Jerome Powell highlighted risks to the U.S. economy in remarks that could bolster expectations of an interest […]

A leading South African commercial and industrial brokerage organisation, Swindon Property, today officially announced the expansion of its robust offering, which now includes Property Management services through a dedicated team of specialised professionals, operating nationally. The core aim of this division is to help owners of commercial property unlock the full value of their assets […]

In the Retail Property Sector, in recent times, much has been made of the challenges facing the sector emanating from the emergence of online shopping. To be sure, the onward march of technology is affecting virtually all sectors of the economy, and a greater reliance on online retail in future is a very real challenge […]

As part of its aim to drive ‘green consciousness’ among consumers at large and integrate a ‘green agenda’ into the future of residential property, Pam Golding Properties once again sponsored the Eco-Angel Award at the Eco-Logic Awards 2019. Established by Enviropaedia in 2011, these awards invite South African individuals and organisations to submit their ecological […]

In his State of the Nation Address, President Cyril Ramaphosa declared that faster economic growth requires accelerated land reform in rural and urban areas and a clear property rights regime. Until now land reform has been a rural programme. What does the inclusion of ‘urban’ mean for the millions of people living in our cities […]

In his State of the Nation Address, President Cyril Ramaphosa declared that faster economic growth requires accelerated land reform in rural and urban areas and a clear property rights regime. Until now land reform has been a rural programme. What does the inclusion of ‘urban’ mean for the millions of people living in our cities […]

Two prominent fund managers are urging property companies to lower their dividend payout ratios to fall in line with international practice, saying they should hold back income to pay increasing operating costs and reduce debt in a torrid economic environment. They have also warned investors not to expect the same kind of dividend growth they […]

Two prominent fund managers are urging property companies to lower their dividend payout ratios to fall in line with international practice, saying they should hold back income to pay increasing operating costs and reduce debt in a torrid economic environment. They have also warned investors not to expect the same kind of dividend growth they […]

The FNB Property Barometer for 2019 indicated a low 3.7% year-on-year growth in Feb this year, compared to the 4.2% year-on-year CPI for the same period and the 3.8% annual average recorded in 2018. This slow growth coupled with a potential sentiment boost following the recent election results, might lead to a buyer’s market emerging […]

Specialist shopping centre real estate investment trust Hyprop, which owns malls such as Mall of Rosebank, Hyde Park Corner and Canal Walk, has already moved on its new strategy announced in March of reducing its exposure in other sub-Saharan African countries (SSA).Hyprop chief executive Morné Wilken said in a pre-close briefing on Friday that the […]

Growthpoint Investec African Properties (GIAP), the pan-African real estate investment business managed by Growthpoint Investec African Property Management, has begun executing on its strategy to aggregate a quality portfolio of prime income-producing commercial assets in select cities across Africa. GIAP, established as a joint venture between Growthpoint Properties and Investec Asset Management, announced today that […]

The offices spaces of today are nothing like the work environments of the past. The quantum leap forward in information technology, office equipment, and management practice has changed the way we work forever. Light, lean laptops that can be moved at a moment’s notice, virtual meeting rooms where users can join multiple colleagues from around […]

Growth in the value of outstanding credit balances in the South African household sector (R1 669,6 billion) was only slightly higher at 6,1% year-on-year (y/y) at the end of May 2019 from 6% y/y at end-April when outstanding balances came to R1 660,9 billion. Growth in the value of outstanding household mortgage balances (R974,9 billion […]

JSE specialist shopping centre REIT, Hyprop, has announced progress on its strategy communicated to the market in March this year, where it stated its intention to reduce its exposure to sub-Saharan Africa excluding South Africa to focus its attention and capital on its South African and Eastern European businesses. AttAfrica – in which Hyprop owns […]

Pretoria-based shopping centre developers and investors, Twin City, will be adding approximately 40 new stores to the existing 73 stores at Elim Mall in a multi-million Rand extension. Elim is a northern Limpopo town south-east of Makhado (formerly Louis Trichardt). The project is being undertaken in partnership with the Tlakula family which has been a […]

Emira Property Fund’s refurbished warehouse facility superbly located in the popular industrial hub of Denver, Johannesburg, has opened its doors, attracting savvy tenants looking for state-of-the-art warehouse facilities, paired with contemporary office space and excellent energy efficiency. Emira, a leading JSE-listed REIT has invested R8.2 million in the major revamp project, breathing new life into […]

Grit Real Estate Income Group, which has property investments in seven African countries and a market capitalisation of R5.7bn, says it sees potential investment opportunities worth $600m (R8.6bn). At the end of December 2018, the company’s property portfolio and other income-producing assets were valued at $796.4m. The landlord said in a trading update on Wednesday […]

A panel of experts at the South African Property Owners’ Association (Sapoa)’s annual conference told attendees that there were numerous long-term investment opportunities in the country many of which were in real estate. South Africa still offers a viable commercial property sector regardless of the country’s current economic malaise — SA Commercial Prop News has […]

WeWork, the global space, community and services company with over 466,000 members has announced its expansion to Cape Town – the second city for WeWork to open in South Africa; where it plans to welcome over 590 members. In Cape Town, WeWork will be take four floors of the eleven floors at 80 Strand on […]