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Tongaat Hulett partners with BEE consortium through Cornubia sale
Tongaat Hulett partners with BEE consortium through Cornubia sale

The sale of Tongaat Hulett's Cornubia Business Hub was the company's first major empowerment deal in a key area in Umhlanga...

17 Nov 2014 10:45

Northgate Park redeveloped into A-grade office with green spaces
Northgate Park redeveloped into A-grade office with green spaces

Northgate Island in Brooklyn, Cape Town, a former 'big box' retail development, is being redeveloped and upgraded into A-grade office space, with its own green urban park, and rebranded as Northgate Park. The redevelopment is scheduled for completion in March 2015.

11 Nov 2014 10:11

'Clothing will redefine malls'
'Clothing will redefine malls'

Shopping centres should be anchored by clothing outlets to be more successful‚ as opposed to food stores‚ as South Africans embrace the slew of global fashion brands flooding the country‚ property doyen Marc Wainer said last week.

By Alistair Anderson 10 Nov 2014 15:01

Major asset injection to Investec property portfolio
Major asset injection to Investec property portfolio

The latest acquisition by Investec introduces a valuable property portfolio into the Fund's asset base and will increase the Fund's assets to R8.1 billion.

10 Nov 2014 10:30

KwaThema gets R205 million retail investment
KwaThema gets R205 million retail investment

The highly visible location at the junction of Tonk Meter Drive and Rhokana Street in KwaThema has attracted much interest from both prospective tenants and the community as a whole for the latest retail development styled 'Junction@Kwathema', being undertaken by Landmark Real Estate.

7 Nov 2014 14:30

Vukile another step closer to full acquisition of Synergy
Vukile another step closer to full acquisition of Synergy

In December 2013, Vukile acquired around 34% of Synergy B linked units. Vukile then entered discussions to deepen its position in Synergy with a view to it ultimately acquiring control of Synergy or its underlying assets. However, Vukile withdrew from these discussions in early September 2014, after the two parties were unable to find common ground on price.

6 Nov 2014 14:26

Exclusivity clause under fire again
Exclusivity clause under fire again

Massmart has lodged a complaint with the Competition Commission against national retail chains, regarding what it believes to be anti-competitive exclusive lease agreements.

4 Nov 2014 15:13

Menlyn set to become one of Africa's biggest shopping centres by 2016
Menlyn set to become one of Africa's biggest shopping centres by 2016

In April 2014, construction started on Pretoria's Menlyn Park Shopping Centre, which is undergoing a new brand identity, expansion and refurbishment.

31 Oct 2014 14:10

Eskom's warning to reduce power consumption this week
Eskom's warning to reduce power consumption this week

South Africa's electricity supply is expected to remain constrained for the rest of this week because various technical issues are being experienced at some power stations, says Eskom.

30 Oct 2014 11:04

Shoprite's strong results despite consumer cut backs
Shoprite's strong results despite consumer cut backs

While consumers tighten their belts as living costs steadily rise, personal debts remain high and jobs are in short supply, Shoprite's turnover rose by 12.3% in the quarter to September.

29 Oct 2014 09:48

Commercial property experts gather to discuss trends and challenges
Commercial property experts gather to discuss trends and challenges

Improvon recently hosted its 4th annual Property Trends Forum at Green Park in Sandton, creating a space for commercial property experts to analyse the major trends and challenges facing the industry.

28 Oct 2014 15:30

Long awaited mega-mall in Namibia is open for business
Long awaited mega-mall in Namibia is open for business

Located within the Hilltop mixed-use estate in Kleine Kuppe, Windhoek, the R1-billion Grove Mall of Namibia is the largest shopping centre ever to be developed in the country and opened its doors on 23 October.

27 Oct 2014 12:02

Upgraded Paledi Mall opens in Mankweng at month end
Upgraded Paledi Mall opens in Mankweng at month end

The upgraded Paledi Shopping Mall opens in Mankweng on 30 October 2014, offering an increase in size and national retailers for this university town's consumers.

22 Oct 2014 12:00

Gauteng searches for investors for its aerotropolis
Gauteng searches for investors for its aerotropolis

The Gauteng Roads and Transport Department is looking for investment partners for its plan to build an aerotropolis at OR Tambo International Airport.

22 Oct 2014 11:01

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