Property News

Kenya’s logistics market continues to expand

Kenya’s expanding economy has spurred the growth of the country’s logistics property market with economic hub Nairobi experiencing a 15% year-on-year increase in new warehousing supply. This is according to Broll Property’s Intel’s latest Kenya Logistics Snapshot Report. The report covers the fourth quarter of 2018. The report reveals that Nairobi’s supply of warehouses as […]

Property News

Kenya’s logistics market continues to expand

Kenya’s expanding economy has spurred the growth of the country’s logistics property market with economic hub Nairobi experiencing a 15% year-on-year increase in new warehousing supply. This is according to Broll Property’s Intel’s latest Kenya Logistics Snapshot Report. The report covers the fourth quarter of 2018. The report reveals that Nairobi’s supply of warehouses as […]

Property News

Arrowhead and Gemgrow announce proposed merger

The Boards of Arrowhead and Gemgrow have announced their agreement in principle to a transaction which will result in the reverse takeover of Gemgrow by Arrowhead. Gemgrow plans to acquire all of the shares in Arrowhead and it will issue 0.8237 Gemgrow B shares for every Arrowhead share acquired. This transaction structure was chosen so […]

Property News

Arrowhead and Gemgrow announce proposed merger

The Boards of Arrowhead and Gemgrow have announced their agreement in principle to a transaction which will result in the reverse takeover of Gemgrow by Arrowhead. Gemgrow plans to acquire all of the shares in Arrowhead and it will issue 0.8237 Gemgrow B shares for every Arrowhead share acquired. This transaction structure was chosen so […]

Property News

McCormick commences work on the Mall of Tembisa

McCormick Property Development commenced work on its Mall of Tembisa in the first week of April. The initial dolomite assessments undertaken in 2018, indicated pockets of dolomite which resulted in further assessments and pre-drilling of the site to assess and to strategize the way forward. The 42 889 square meter mall will be the company’s largest […]

Property News

McCormick commences work on the Mall of Tembisa

McCormick Property Development commenced work on its Mall of Tembisa in the first week of April. The initial dolomite assessments undertaken in 2018, indicated pockets of dolomite which resulted in further assessments and pre-drilling of the site to assess and to strategize the way forward. The 42 889 square meter mall will be the company’s largest […]

Property News

Listed property funds forecast payouts will fall again in 2019 in the worst economy since 2008

Listed property companies have given the weakest dividend forecasts in more than a decade as they struggle to grow rentals and fill vacancies amid weak business and consumer confidence. The listed real estate sector’s strong 10-year run, which was driven by growth in dividends, has ended. Property funds that released financial results in the recently […]

Property News

Listed property funds forecast payouts will fall again in 2019 in the worst economy since 2008

Listed property companies have given the weakest dividend forecasts in more than a decade as they struggle to grow rentals and fill vacancies amid weak business and consumer confidence. The listed real estate sector’s strong 10-year run, which was driven by growth in dividends, has ended. Property funds that released financial results in the recently […]

Property News

McCormick to develop two malls in Mamelodi in Tshwane and Dobsonville in Soweto

One of SA’s oldest rural shopping centre developers, McCormick Property Development, is bringing two new malls to communities in Tshwane and Soweto, giving them access to certain brands for the first time. McCormick and bus company Putco’s property arm, Putprop, have agreed to develop and co-own a shopping centre in Mamelodi, Tshwane and another in […]

Property News

McCormick to develop two malls in Mamelodi in Tshwane and Dobsonville in Soweto

One of SA’s oldest rural shopping centre developers, McCormick Property Development, is bringing two new malls to communities in Tshwane and Soweto, giving them access to certain brands for the first time. McCormick and bus company Putco’s property arm, Putprop, have agreed to develop and co-own a shopping centre in Mamelodi, Tshwane and another in […]

Property News

A beginner’s guide to building a property portfolio

Continued local and international market volatility has many South Africans actively looking to create a property portfolio. Gary Palmer, CEO of Paragon Lending Solutions, looks at how to take advantage of stalling property prices and what’s shaping up to be a buyers’ market in order to get started. Capital growth can’t be your cornerstoneMany new […]

Property News

Mixed feelings about African Real Estate

Although quite a few African economies offer good growth opportunities, there are ongoing regulatory and fiscal challenges, says Ortneil Kutama While Hyprop investments (JSE HYP) plans to exit its investment in sub-Saharan Africa, Grit Real Estate (JSE: GTR) remains committed spreading itself across the continent. JSE-listed Hyprop which owns the likes of Rosebank Mall, Clearwater […]

Property News

US citizenship via EB-5 investment programme now available via Pam Golding International

While European Residency programmes – and most notably Portugal’s Golden Visa Programme, remain very popular among South Africans wishing to obtain a Schengen Visa and European residency, others have expressed a preference for the USA should they one day want to relocate overseas, setting up a new life and businesses for themselves and their children. […]

Property News

New MDA Attorneys office first to receive a Net Zero Carbon in South Africa

MDA Attorney’s new office in Houghton, Johannesburg is one of the first South African building to receive a Net Zero Carbon pilot certification. Designed by Activate Architecture, with Solid Green Consulting as sustainability consultants, the new office space intends to give its users a workplace which both enhances productivity and reduces natural resource depletions. As […]

Property News

MAS appoints new CEO Werner Behrens

MAS has announced the appointment of Werner Behrens as Chief Executive Officer with effect from the 1st of May 2019. With a strong track record as a senior management executive, Werner’s experience spans more than thirty years in a number of corporates including the Development Bank of Southern Africa, Nedcor Investment Bank, Nedbank and Regent […]