News

The strength of demand for A-grade offices in the Cape Town CBD has been underscored by the fully let sign going up on a city high-rise where almost a third of the space was vacated by a major tenant last year...

Set to answer the all-important question of "where to invest?" in non-residential property in nine major South African cities, a property tool revealed both the best areas for investment as well as the worst in both office nodes and industrial townships...

There is a growing consensus among industry experts that the office sector will outperform the industrial and retail sectors in 2008 because it is less sensitive to interest rate fluctuations and due to a shortage of office vacancies...

The last four years have seen the commercial property market galloping ahead in terms of capital growth, with buyers aplenty and sellers few...

The recent opening of Queenstown's first casino on 15 December will further underpin its status as a thriving economic hub and accordingly an increasingly good investment option for property investors...

Leases to a total capital value of R25 million have been concluded in The Hudson, a recently completed prestigious new building well positioned in Hudson Street in the highly sought after and trendy De Waterkant area of Cape Town...

Amdec Property Development has acquired two adjacent light industrial buildings superbly located in the established, secure Kyalami Business Park in Gauteng. The market value of Amdec's investment is in excess of R25 million...

Balfour Park Shopping Centre, situated on the corner of Athol and Johannesburg Roads in Highlands North, is set to undergo an upgrade and refurbishment commencing in February 2008...

An international hotel group has acquired a stake in the Legend Golf & Safari Resort located within the greater Entabeni Game Reserve in the Waterberg Biosphere...

In an affirmation of the continued success of Cape Town CBD's rejuvenation, Eurocape is constructing a five-star luxury hotel on the corner of St George's Mall and Wale Street...

As the 2010 Soccer World Cup approaches, South African buyers are demonstrating an increasing appetite for acquiring well-located guesthouses, particularly in the Western Cape...

The new Mainstream Shopping Centre in Hout Bay is becoming a major hub of retail activity through to Camps Bay and Clifton...

Boland Bank House in Durban's CBD has been sold for R53 million following a R5 million renovation...

An interesting anomaly is beginning to occur across a number of South Africa's more popular industrial townships: larger industrial buildings are commanding higher rental rates per m² than their smaller counterparts...

An uncompromisingly modern triple A-grade R50 million development is planned for Johannesburg's Sunninghill...

A R60 million superior-grade office and retail building which integrates interior and exterior environments is being developed in Century City, Cape Town...

Rental income in the commercial property market is on the increase after decades of decline and is expected to counter the latest interest rate hike, in which the Reserve Bank raised its repo rate by another 50 basis points...

The three-star Wartburger Hof Hotel in KwaZulu Natal was recently purchased by Orion Hotels & Resorts, South Africa's largest independently owned hotel group, and will begin operating the establishment as the Orion Hotel Wartburg in February 2008...

Contracts have been completed totalling more than R336m for extensions and upgrades at three KwaZulu-Natal shopping malls...

South African property group Growthpoint (GRT) said on Monday that the Public Investment Corporation had bought 97m linked units of its claw-back offer of 100m linked units. - I-Net Bridge...