Liberty Group has sold 52.3 million Synergy B- linked units, representing a 34% interest in Synergy Income Fund, to Vukile Property Fund boosting its investment exposure to retail property and the Western Cape region.
6 Dec 2013 10:15
A great man has passed away and we all mourn the loss of Madiba, but while we mourn, let us also celebrate the life and the achievements of one of history's greatest statesmen, and certainly South Africa's and Africa's greatest. (video)
6 Dec 2013 05:06
Demand for properties in high-nett-worth suburbs of the Atlantic Seaboard, such as Clifton, Bantry Bay, Fresnaye and Camps Bay in Cape Town, is not only up year on year, but these areas continue to raise the bar in terms of the exclusive lifestyle on offer and the price that luxury buyers are prepared to pay, said Seeff's Atlantic Seaboard luxury market specialist, Lance Cohen.
5 Dec 2013 12:22
Rand Merchant Bank (RMB) will jointly fund a major US$182m A-grade office development in Lagos‚ Nigeria‚ the bank said on Wednesday (4 December).
5 Dec 2013 10:17
The annual office year-end party is usually where some of the craziest communication of the year takes place. Colleagues are usually beyond drained and exhausted at this time of the year and yet over-jubilant and excited at the same time. Add in to this equation free food and booze and we often see a terrifying communication cocktail in which employees often commit career suicide and take far more than just a day to recover!
By John French 4 Dec 2013 09:34
Registered architectural students are invited to enter a competition for conversion concepts of the Silos in Newtown.
3 Dec 2013 16:06
Sandton is set to see its first newly built hotel in four years, when 177 Empire Place, which is being developed by hotel group Executive Apartments and Hotels, opens next year.
By Alistair Anderson 3 Dec 2013 11:48
Following the protracted court battle over e-tolling in Gauteng, the government, through its agency SANRAL, intends to have the toll gantries in the province operational within weeks.
By John Roberts 2 Dec 2013 11:30
Demand for quality accommodation will result in Uganda's Protea Hotel Entebbe more than doubling in size less than two years after first opening doors. Construction starts on the new phase of the 73-room hotel in May 2014 and is expected to take approximately a year to complete.
2 Dec 2013 10:35
Internet penetration in South Africa is growing rapidly and this is opening up new opportunities across our economy. One industry under the spotlight is the property market and the role of the traditional estate agent. Property Switch is a company that believes it is time for technology to take centre stage in the real estate industry.
29 Nov 2013 12:22
Hyprop Investments will buy 87% of the issued shares of African Land Investments for R768m. African Land owns the Manda Hill shopping centre in Lusaka, Zambia.
29 Nov 2013 06:33
Accelerate Property Fund‚ a newly formed retail-focused property fund plans to list on the JSE on 12 December in the real estate holdings and development sector.
28 Nov 2013 11:50
South African property development and investment company, Intaprop has secured two major deals for tailor-made premises for Form-Scaff and Wasteman, at Saxdowne Park, in the Western Cape.
27 Nov 2013 14:07
Hurst & Wills, a new kind of international property consultancy, has launched in Cape Town. A bespoke buyer's agency and interior design firm, the company offers tailored solutions to facilitate the sourcing and customisation of luxury property for Middle Eastern buyers interested in investing in the burgeoning Cape Town market.
27 Nov 2013 13:35
Redefine Properties on Tuesday (26 November) raised R1.3bn through an accelerated book-build‚ with its offer of linked units at R9.60 - a 4% discount to Monday's closing price of R10. The offer was over-subscribed by 1.5 times.
27 Nov 2013 10:26
In recent months it has been brought to our attention that the city seems to be billing sectional title schemes incorrectly, or alternatively unfairly discriminating against consumers who own sectional title units in respect of billing them for electricity and water.
By Ramon Pereira 27 Nov 2013 08:09
Vukile Property reported a 5% rise in its distribution per linked unit to 54.81c for the six months to September up from 52.20c a year ago.
26 Nov 2013 09:29
Operational demands to ensure the safety and enjoyment of all shoppers need to increases as the higher foot traffic heralds the return of the festive season. Security is paramount and being prepared for extreme situations is part of mall planning.
By Amanda Stops 26 Nov 2013 09:09
A stable interest rate is good news for the housing market and consumers and I welcome the recent decision by the Reserve Bank's Monetary Policy Committee to retain the repo rate at its current level of 5%.
By Samuel Seeff 25 Nov 2013 10:37
Investec Property Fund reported a 7.7% increase in its interim distribution to 50.46c per share for the six months to September.
22 Nov 2013 10:43
The notion that the traditional front-of-the-house photo is the most important element of a property ad makes sense from a certain perspective. A beautifully rendered image of the front exterior promises maximum digital kerb appeal when selling real estate, but this conventional wisdom often applies to a different era, or in cities outside South Africa.
By Rebecca Weber 22 Nov 2013 08:39
The South African Property Owners Association (Sapoa) questioned the legality of increased municipal rates charged to its members, saying random rate increases were not based on logical reasoning and were highly irregular.
By Alistair Anderson 21 Nov 2013 07:25
When it comes to Corporate Real Estate (CRES) and property management, there is one all-important question that the property manager needs to answer: How much does it cost to run each building? This seemingly simple question is often difficult to answer, for a number of reasons, many of which boil down to data.
By Gary Allemann 19 Nov 2013 16:34
During December, many people explore the opportunity of buying a holiday home in their favourite destination. ooba, the bond originator and expert in home finance, has listed a few pointers to consider when you are investigating purchasing an investment property.
19 Nov 2013 15:08
Conditional on Competition Authorities approval, Growthpoint Properties will acquire the entire Tiber Group portfolio of properties and management business.
19 Nov 2013 11:13
As time accelerates us into the future, it may be interesting to look back at how lifestyles have adapted to keep up with the times, of which technology and "green living" have played a very important role.
18 Nov 2013 11:52
A career in real estate is a rewarding choice for those hungry to operate in an arena of high-flying business-minded executives. "Working in real estate is not a job for the faint hearted, or those seeking a part-time job just to keep them out of mischief," said Craig Hutchison, CEO of Engel & Völkers Southern Africa.
18 Nov 2013 10:42
Sun International (SUI) has received approval to operate a casino in Panama‚ triggering the purchase of three floors of the 70-story mixed-use Trump Ocean Club International Hotel and Tower on a freehold basis for US$45.5m.
By Mark Allix 18 Nov 2013 08:04
The statistics uncovered by the Dubai Government's Statistics Department, tell us that the emirate of Dubai cherished an economic growth of 4.9% in the first half of 2013. For a market that was struggling a year or two ago, Dubai's property sector played an important role giving its economy a nudge in the right direction.
By Shehryar Qureshi 15 Nov 2013 10:47
Arrowhead Properties has reported a total distribution of 113.01c per combined A and B unit for the year to September‚ representing 12.36% growth over the 100.58c per unit for the previous year.
14 Nov 2013 18:42
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