Commercial Property

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Mall leases - Competition Commission to investigate

A call for the Competition Commission to address exclusivity clauses in shopping-mall leases that may be anti-competitive and restrain economic growth has been made by the South African Real Estate Investment Trust (Reit) Association.

By Alistair Anderson 29 Jul 2014 12:04

Pick neighbourhood before buying a house

Home buyers should pick the right neighbourhood before they even start looking for a house; says FNB because it is pointless buying an affordable house in the wrong area.

By Gaongalelwe Moatshe 28 Jul 2014 13:51

Tongaat Mall plans not approved

Rectangle Properties has conceded in the Department of Labour-appointed commission of inquiry into the collapse of the Tongaat Mall that the plans for the development were never approved.

25 Jul 2014 08:50

Porsche buys Kyalami for R205m

Porsche SA has bought the Kyalami race track for R205m in an auction at Summer Place in Johannesburg - the highest price paid for a property in liquidation in South Africa.

25 Jul 2014 08:36

Discovery builds most expensive offices in SA

Medical aid group Discovery's new office, next to Sandton City, is being built at an estimated development cost of R2.6bn, which is believed to set a new record for office developments in SA.

By Alistair Anderson 24 Jul 2014 11:53

AbaThembu King wants Mthatha land

Controversial AbaThembu King Buyelekhaya Dalindyebo has lodged a claim for the land on which Mthatha is built despite it already being the subject of a claim by the Zimbane Development Trust.

23 Jul 2014 10:00

Brisbane office building bought by Investec

Investec Australia Property Fund (IAPF), a JSE-listed rand hedge announced that it had bought a large office development in Brisbane for A$65.5m (R652m).

By Alistair Anderson 22 Jul 2014 11:55

Tongaat Mall's design was not flawed says engineer

The design of the collapsed Tongaat Mall, north of Durban, was not flawed according to engineer Dr Piet Pretorius.

22 Jul 2014 11:39

Samsung's first African factory goes up in Dube

Electronics company Samsung has agreed to establish its first African manufacturing facility at KwaZulu-Natal's Dube Tradeport.

By Nick Hedley 22 Jul 2014 11:16

Langa Junction shopping centre to open in March 2015

The Langa station in Cape Town will soon boast with a 5,000m² specially tailored pedestrianised shopping centre.

21 Jul 2014 07:32

'Ghost' buildings cost government R60m

The government has been spending R60m a year on 108 vacant buildings and R12m on 12 buildings occupied by non-government tenants.

17 Jul 2014 11:30

Aveng gets R2bn from its bond placement

The listed construction and engineering firm Aveng placed R2bn in convertible bonds‚ maturing in 2019‚ with institutional investors at a coupon rate of 7.25%.

By Nick Hedley 17 Jul 2014 11:02

Property sector recovering from poor start to the year

The JSE's listed property sector has not managed to maintain its run of the past few years of beating the broader all share index, but it has managed to stage a strong rebound from a disastrous start in January to give investors a small return for the year-to-date.

By Alistair Anderson 16 Jul 2014 11:40

Good returns from Synergy's linked units

Synergy Income Fund's A and B units have been among the listed property index's top performers since the beginning of the year‚ with both having risen nearly 20% while the index gained about 6%.

By Alistair Anderson 15 Jul 2014 08:38

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