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In need of hotel rooms, Seychelles' govt tells developers to begin projects or lose them

Eight out of 18 tourism projects excluded from a moratorium on large hotels in Seychelles could be reallocated if the project backers don't begin construction within a year...

15 hours ago

Facelift underway at Ithala's northern region centres

Ithala has commenced a refurbishment programme to revitalise township and rural economies at its retail centres in Nongoma, Ulundi and Eshowe in northern KwaZulu-Natal...

Issued by Ithala Development Finance Corporation 17 hours ago

Mall of Africa expands focus on entertainment and events

Changing consumer shopping habits and the rise of online shopping means that shopping malls are having to re-invent themselves by becoming lifestyle and event destinations.

12 Oct 2017

Marriott reinforces Africa expansion with new hotels, $8.5bn capital investment

Marriott International has announced further expansion plans in African with seven new hotel signings. Reinforcing is continued expansion in Africa, the global chain is targeting...

12 Oct 2017

What are an owner's property rights where the property is more than 60 years old?

The court's ruling in the case of Gees v Provincial Minister of Cultural Affairs and Sport, Western Cape and Others may have significant consequences for property owners seeking to develop buildings over 60 years old...

By Chantelle Gladwin-Wood and Dee-dee Qolohle 10 Oct 2017

Dobsonville Mall R114m extension, upgrade complete

Dobsonville Mall, owned by Vukile Property Fund, recently completed its R114m extension and upgrade...

6 Oct 2017

Growthpoint launches dual-certified property portfolio

Growthpoint Properties has launched its Thrive Portfolio which comprises 71 dual-rated office buildings in locations nationwide spanning more than 850,000m2 of office space, and valued at R16.1bn...

4 Oct 2017

R16m solar farm installed at Randridge Mall

As part of its sustainability strategy, Emira Property Fund has installed a R16m solar farm on the roof of its Randridge Mall in Randpark Ridge, Johannesburg...

3 Oct 2017

Developers show faith as North Coast gets yet another mall

With less than three months to go to Christmas, Durban's North Coast now boasts a brand new mall spanning 65,000m2...

By Alistair Anderson 3 Oct 2017

#EntrepreneurMonth: Want to be a property entrepreneur? Be prepared to step outside your comfort zone

Under the leadership of Durban-based property entrepreneur Grant Gavin, RE/MAX Panache in the North Durban suburbs went from annual property sales of R320m in 2006 to over R1bn in 2017...

By Sindy Peters 3 Oct 2017

Winchester Mansions entering a new chapter with refurbishment

Winchester Mansions, located along the Sea Point Promenade and known for its rich historic and iconic Cape Dutch architecture, has commenced with a refurbishment of its 76 bedrooms...

2 Oct 2017

A smiley face may end up being no laughing matter

Sending a smiley face or thumbs-up emoji could land you in legal trouble...

By Suthentira Govender 2 Oct 2017

Brett Abrahamse and Whitey Basson honoured at SACSC Legacy Awards

The annual South African Council of Shopping Centres' Legacy Awards give credit to trailblazers leaving their mark within the retail and shopping centre industry...

2 Oct 2017

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International

Echo Polska Properties doubles retail portfolio with R11bn deal

Echo Polska Properties is doubling its retail assets with the €692.1m (R11.1bn) acquisition of a portfolio of 12 properties.

By Alistair Anderson 12 Oct 2017

Sirius has dividend target in its sights

German-focused Sirius Real Estate said on Monday, 9 October, that it had grown annualised rental income 2% to €65.2m for the six months to end-September, issuing a trading statement that analysts said indicated the operator of business parks was on track to meet its dividend target.

By Karl Gernetzky 11 Oct 2017

Going the Reit route could help Attacq

Attacq, which owns the Waterfall development precinct, anchored by the 131,000m2 Mall of Africa near Midrand, last week reported foreign exchange and impairment losses of R280m on its European and African interests.

By Joan Muller 26 Sep 2017

Nepi Rockcastle buys Budapest mall in €275m deal

Nepi Rockcastle, the largest property company listed on the JSE, has bought a large mall in Budapest, Hungary for €275m.

By Alistair Anderson 20 Sep 2017

Dubai developers unveil mega projects despite downturn

Property developers in Dubai showcased new multibillion-dollar mega-projects on Monday, 11 September, despite falling prices, in the hope of stimulating demand and helping to end a three-year market downturn.

12 Sep 2017

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