Author: PropertyWeb

With its central location, excellent schools and amenities, as well as its enviable lifestyle, Craighall Park – one of Johannesburg’s most established suburbs – remains a sought-after suburb to live. “The family suburb that is Craighall Park has a noticeably easy going lifestyle with a calm and tranquil ambiance, quite a rare find in the […]

JSE listed Spear REIT Limited, the owner of the Double Tree by Hilton Cape Town, is the first in South Africa to launch an innovative self-quarantine accommodation solution. Francois Steyn, Hospitality Asset Manager at Spear REIT highlights that: “Guests will be received and made to feel at home. There is enough trauma associated with being […]

Peter Gent, ex-RMB Chief Operating Officer, has been appointed as an independent, non-executive director to the board of directors of commercial property development company, Heartwood Properties, who are listed on the 4AX (4 Africa Exchange). He will also serve as a member of the audit and risk committee, and investment committee. Gent is currently an independent management consultant whose […]

Norbert Sasse, Group CEO of Growthpoint Properties, attributed the company’s increase in distributable income and asset value to its growth strategies, specifically internationalisation. Growthpoint now has 35.2% of its assets offshore, contributing 24.3% to its earnings before interest and tax (EBIT). Growthpoint Properties last week reported distributable income growth of 2.2% to R3.2bn, an increase […]

Arrowhead Properties has reported, during an investor update, that its portfolio is performing in line with expectations despite the prevailing uncertainty in the market. Impressed with the team’s hands on asset and property management, CEO Mark Kaplan commented: “The additional hands on deck employed over the past two years have certainly made a difference to our […]

On 30 January 2020, the current outbreak of COVID-19 was declared a public health emergency of international concern and, for now, most people in South Africa do not have an immediate risk of exposure to the virus. However, as we have seen happen in other countries, the situation can rapidly evolve, with Level 3 travel […]

  Offering 16 parks, five dams and some of the most spacious homes in Midrand, Kyalami Estates continues to attract buyers looking for a well-located and secure environment. When it was developed in 1998 by Anglo American Properties, Kyalami Estates was one of the first of its kind. It has remained a perennial favourite, largely […]

A new project broke ground at the Portswood District of the V&A Waterfront last year. The project upcycles a significant stream of plastic waste using sustainable methods.  The project in question is the Ridge Building, a bespoke eco-building currently under construction. It will serve as the regional office of a multinational client, Deloitte. Mark Noble, […]

Property investor and developer Atterbury has been awarded the contract to develop a new distribution facility for Aramex South Africa in Richmond Park, Milnerton, Cape Town. The development and long-term lease agreement were awarded to Richmond Park Development Company after a comprehensive request for proposal process managed by Broll, which began mid-2019. Aramex is a […]

Indluplace Properties has reaffirmed the position of its portfolio in an investor update published recently published to the market. The Company that listed almost five years ago (and provides homes to households with incomes ranging from R7 500 to R30 000 per month) stated that its portfolio has performed in line with expectations despite prevailing economic […]

Registration is now open for SA’s incisive one-day REIT event that brings together hard-hitting global and local influencers from the listed property sector. The South African Real Estate Investment Trust Association (SA REIT) has announced that registration has opened for the highly anticipated SA REIT Conference 2020. The fourth biennial SA REIT Conference will take […]

JSE-listed Balwin Properties Limited and Absa Group Limited has launched South Africa’s first green home loan, the Absa Eco Home Loan. The announcement follows on Balwin’s EDGE registration in June 2019 of over 16,000 units, a world first. The conceptualisation and launch of the Eco Home Loan is another milestone in the Company’s ongoing commitment to sustainable development […]

The Western Cape Property Development Forum (WCPDF) this week learnt that the National Minister of Agriculture, Land Reform and Rural Development, Thoko Didiza, has extended an olive branch to property developers in the Western Cape. This is in response to ongoing calls to limit the red tape that has been stifling the property and construction […]

SA Corporate Real Estate Fund (JSE: SAC), which owns Boksburg’s East Point, reported increased vacancies due to SA’s weak economy. SA’s economic conditions dragged down SA Corporate Real Estate Fund’s performance for its financial year to December 2019, reporting a rise in vacancies. Amid a difficult period for most landlords in the country, SA Corporate, […]

The Leonardo, Africa’s tallest building finally opened its doors to the public after several months of teasing. The Leonardo, Africa’s tallest building finally opened its doors last week Tuesday, after several months of teasing. Developed by Legacy Group and Nedbank, The Leonardo is a 234m skyscraper within walking distance of the JSE, the headquarters of […]

Artist impression showing Lanseria’s smart-city, Gauteng. The Gauteng Provincial Government plans to forge ahead developing R500 billion mega smart cities including a new university over the next 10 years. President Cyril Ramaphosa revealed in his state of the nation address on Thursday on 13 February that a new smart-city is taking shape in Lanseria, Gauteng. […]

  JSE listed EPP, Poland’s biggest retail landlord, released results for the year ended 31 December 2019, with distributable income earnings up by 9.6% and distributions of EUR 11.62 cents per share. EPP’s net property income for the year is up by 3.8% to EUR 148 m, with distributable income of EUR 105.5 m. This […]

Growthpoint Properties has reported distributable income growth of 2.2% to R3.2 billion, an increase in dividends per share of 0.2%, and a 14.9% increase in group property assets to R160.2 billion for its six-month period to 31 December 2019. The company delivered half-year results in line with market guidance, while boosting the diversification of its […]

A funding solution from Standard Bank’s Real Estate Financing division has helped Growthpoint Investec African Properties Limited (GIAP) expand its sub-Saharan footprint, following the acquisition of properties from the RMB Westport Fund I (RMBW). Standard Bank acted as Mandated Lead Arranger, underwriter and coordinator and agency functions with transactional banking solutions to follow. Historically, property […]

It is imperative to the growth of the South African economy, and our social responsibility, that big businesses support small businesses within the construction industry, and give back to the community. This is according to Pherdy le Roux, managing director at the Gauteng branch of GVK-Siya Zama, a leading construction company that recently worked with local […]

Texton Property Fund CEO Marius Muller. The current economic situation being experienced in South Africa is putting pressure on the commercial real estate industry, resulting in some tenants battling to meet contractual rental payments. On the sidelines of Texton Property Fund’s results for the six months ended in December, the company reduced its interim dividend, […]

Growthpoint Properties Group CEO Norbert Sasse says It’s been an exceptionally tough six months and we are pleased with the strategic progress achieved. Strains facing the commercial property industry left South Africa’s largest listed REIT Growthpoint Properties [JSE: GRT] with a significant lettable vacancy in its office portfolio. At the end of the group’s interim […]

The data doesn’t lie: when women occupy positions of leadership, businesses are more resilient, employees more engaged, and bottom lines more robust. Research conducted across a wide range of sectors and geographic locations offers evidence of this, and yet women are still often unempowered, boardrooms mostly dominated by men, and the gender pay gap largely […]

Balwin Properties has announced record opening weekend sales at its R9 billion development in Waterfall, Midrand.   “We’ve been absolutely inundated by interested buyers over the past four days,” commented Steve Brookes, founder and CEO of Balwin Properties. “We achieved sales totaling R850 million since opening to the public on Thursday last week with a record 555 […]

 The residents of Mzuri, a new residential estate in Somerset West, will not be left in the dark during load shedding, thanks to the developer’s forward-thinking investment in alternative energy options. Basic electricity is supplied by the City of Cape Town but every resident will have the option to install either a solar PV array […]