Property News

Deserted factories for low-cost housing project

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 […]

Property News

Municipalities in terrible state

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 […]

Property News

PPC names former Lafarge veteran van Wijnen as CEO

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 […]

Property News

Grit Real Estate taking big strides in Africa

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 […]

Property News

Elim Mall to spend R120 million on extensions

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 […]

Property News

PE’s Boardwalk Precinct gets R600m Retail project

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 […]

Property News

Swindon Property’s new service offering to help clients grow the value of their assets

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 […]

Property News

Promoting ‘green consciousness’ by recognising SA’s eco-champions

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 […]

Property News

JSE-listed real estate investment trusts are starting to hold some earnings back to manage operating costs in a weak market

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 […]

Property News

JSE-listed real estate investment trusts are starting to hold some earnings back to manage operating costs in a weak market

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 […]

Property News

Hyprop reducing exposure in sub-Saharan African countries and focus on South African and European investments

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 […]

Property News

Growthpoint Investec African Properties begins its acquisition trail into Africa

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 […]

Property News

R120 million expansion planned for Limpopo mall

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 […]

Property News

Emira’s Denver property is changing the warehousing game

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 […]

Property News

Grit sees attractive potential investment opportunities worth R8.6bn

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 […]

Property News

SA Property Investors need to be Patient

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 […]