The rental property market appeals to landlords wanting to earn a passive income on their rental properties, but they face the risk of non-payment by tenants, as well as property damage and even theft.
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.
Winter in Cape Town often results in a drop in visitors looking for short-term accommodation, while much of Joburg and its surrounds become reminiscent of a ghost town over summer months when residents seek December refuge closer to the beach.
Last week's collapse of yet another proposed multi-billion-rand merger in the R300bn listed property sector raises renewed questions on whether consolidation is necessarily in shareholders' best interests.
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.
"From the outset, it was clear that the Minister wanted the summit to give the go ahead for the implementation of land ceilings in order to give effect to the Green Paper proposal of private ownership with limited extent," said ASUF's Chairperson, Japie Grobler.
TheRoomLink.co.za, an online portal dedicated to matching students and young professionals with safe and secure accommodation, has introduced a video application for viewing properties in the digital space.
Trustees must ensure that the managing agent they appoint to administer the affairs of the body corporate or home owners association they represent comply to the fiscal, administrative and legal requirements of the Estate Agency Affairs Board (EAAB).
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.