Dihlabeng Mall in Bethlehem, acquired by Investec Property Fund in June 2014, is to get a 5000m2 extension, anchored by a full-line Woolworth's store of over 3000m2. The expansion is scheduled to open for trading in August 2015.
Minister in the Presidency for Planning, Performance, Monitoring, Evaluation and Administration, Jeff Radebe, says government aims to achieve at least 100 convictions against people fingered for corruption in the public service.
The shift towards highrise apartment living in Australia is reflected in the order book of construction firm Wilson Bayly Holmes-Ovcon (WBHO), whose pipeline of work in that country has ballooned on mall and apartment building contracts.
The cost of renovating the Mall of Rosebank contributed to Hyprop Investment's profit falling in the year to June, but the real estate investment trust (Reit) nevertheless raised its distribution 11.3% to R4.72.
Northmead Mall, one of Benoni's first malls, has received a revamp at an investment in excess of R40 million from joint owners One Property Holdings and Capstone Property Group. Built in 1972, Northmead Mall was acquired by the new owners in 2011.