Property news
Emira raises excess of R260m through disposals
Emira property Fund has raised in excess of R260m since the commencement of its 2012 financial year on July 1, 2011 through the sale of eleven, non-core, properties in its portfolio.
Randburg CBD: a journey back to respectability?
By the early 2000’s Randburg CBD was being treated like Sandton’s ugly sister: contributing factors included low occupancies, derelict buildings, squatters and an infrastructure desperately in need of renewal
Gauteng auction round up
Various commercial property assets and land will be amongst the quality lots on offer during the upcoming multiple auction event to be held in Sandton on September 28
Office vacancy at new 10% high as demand dips
Overall office vacancy has now breached the 10% level with office nodes previously deemed popular experi encing a decrease in demand, owing to a weak economy.
Tenanted Ferndale office block to fall under the auctioneer’s gavel
A prime, tenanted office block in the established commercial node of Ferndale will be brought to auction on August 25, during next month’s Commercial Multiple auction
Strijdom Park Industrial and Commercial Building on auction
Auction Alliance will take a property featuring both industrial and office space, in the established industrial and commercial node of Strijdom Park, Randburg, to auction during its upcoming commercial Multiple Auction scheduled for June 23
A-Grade Office Space in Ferndale goes gavel
Auction Alliance will take prime, A-Grade office space in Ferndale, Randburg, to auction during its upcoming commercial Multiple Auction on June 23
Lanseria node attracting commercial and residential property investors
Ongoing and fast paced development of land around Lanseria International Airport bodes well for this vibrant, up and coming node which has a good track record in attracting both commercial investors and individual homebuyers
Tenanted Randburg office block up for auction
A well-tenanted office block, situated in the established commercial and residential node of Ferndale, is set to fall under the Auction Alliance hammer during its commercial Multiple Auction scheduled to be held on May 19
Nedbank funds affordable housing project
Nedbank Corporate Property Finance continues to demonstrate its commitment to the Affordable Housing market and the principles of Government’s integrated housing objectives
Industrial park to be developed in Lanseria Corporate Estate
Commercial and industrial development specialists, Renico Construction, will invest in a modern, new industrial park development at Lanseria Corporate Estate
Fully-tenanted Centurion retail property to go on auction
Strong demand is expected at the Hilton Hotel, Sandton on February 16 when various commercial properties go under the auctioneer’s gavel
Emira to spend R130m burnishing portfolio
Emira Property Fund is planning to spend a further R130m in the next year upgrading certain of its property assets in Johannesburg, Pretoria and Cape Town
Cipro controls are ‘poor, out of date’
Concerns have been raised by political parties about poor and out-of-date controls at Cipro and the ease with which the office has fallen victim to fraudsters.
Lanseria node likely to prove popular for its no-toll roads network
As 42 tolling stations across hundreds of kilometres of major freeways around the Gauteng area get ready to levy toll fees on road-users from April 2011, many road-users, including especially high-traffic logistics operators, are considering new routes to avoid additional costs
Vukile, Emira trade at similar ratings
Vukile Property Fund and property unit trust Emira Property Fund have delivered fairly stable and consistent returns to their shareholders.
18,000sqm bought at Lanseria Corporate Estate
The 90 hectare Lanseria Corporate Estate, situated next to Lanseria International Airport in a high growth node of Johannesburg, saw its first land transfer, including Freeworld Coatings taking ownership of approximately 18,000sqm of land
Shopping centres requires thorough planning and management
We need to be careful in our thinking about where the future of retail lies in South Africa
Five Randburg properties up for auction
The Ferndale portfolio offers a variety of properties, including an office redevelopment opportunity, a single tenant office building and a large motor retail property with great income
Commercial property auction opportunities
Several investment properties will come under the gavel at Aucor’s next multi-property auction including osme small offices and shopping centre
Prime industrial property sold by JV
A prime located, 3000 square metre commercial property in bustling Paarden Eiland’s main road in Cape Town has been purchased by Johannesburg-based Union Tiles to launch their Cape Town store
Leasing retention at Redefine scores well
Redefine executive director responsible for operations, David Rice says 84% of the leases that expired in the first six months of the financial year were renewed, and he expects a similar retention rate for the next six months
Multi commercial property auction opportunity
Aucor has a host of first class of properties lined up for what promises to be its most exciting property auction in two years, taking place on Thursday 25 February
Massive sale reflects a thawing property market
A well-attended auction sale of property shows that the SA property market is thawing, says Alliance Group auctioneers.
Emira Property Fund rides out the tough economic time
Emira Property Fund announced a distribution of 101.25 cents per Emira participatory interest for the year ended 30th June 2009 – 10% up on the previous year
Leases in place at Randview centre
Alliance Group will take to auction a prime property in the Johannesburg suburb of Randview.
Sought-after property on offer in Ferndale
Group will be selling Oak Park in Oak Avenue, Ferndale this month, this property is a well-maintained five-storey office block.
Interest in historic hotel and cemetery
A historic hotel and a cemetery were among the 17 lots offered by Bidline at a well-attended property auction on Wednesday.
Montecasino shows its caring side
Montecasino Mall has become a popular destination in Joburg for those in search of fun and entertainment.
Yeoville takes the limelight
Yeoville properties featured prominently at the Consolidated Auctioneers property auction at the Wanderers Club came under the hammer.
Emira Property Fund enjoys siginficant capital growth
Emira participatory interest holders enjoyed a total return of 35,9% over the period, made up capital appreciation of 30% and an income return of 5,9% in respect of the distribution paid out participatory interest holders for the six months to end June 2008
New Industrial Vacancy Report- IVS Oct 2008
A new Industrial Vacancy Report has been brought out by Sapoa covering the major industrial nodes of South Africa and shows that the vacancy rate is on average under 3 percent
Office space is a safe investment
Prospects for the business property market are looking brighter than before.
Poultry farm, offices on offer
Land in George, partly under natural forest, and a poultry farm in Carolina will feature on the Aucor property auction this month.
Rural properties draw bidders
Commercial buildings fetch lower than expected prices, but the market seems to be improving.
Telkom complex set to be a hit
The former Telkom warehouse on Roan Crescent, Corporate Park North, will be in the spotlight as a standalone offering.
Mixed results in variable market
The Aucor multiproperty sale at the Gallery in Randburg reported mixed results, with good prices fetched by some lots while others attracted more subdued bidding.
Rosebank Urban Development Framework
The latest Rosebank Urban Development Framework approved by the city council on 19 June aims at maximising the development spin-offs created by the Gautrain project
Office rentals on the rise despite cooling economy
Eris Marketing Director, Hugh Basel, says the commercial leasing market remains exceedingly tight for A-grade properties
Traders market boosted by court ruling
A court ruling to open a gate connecting Bram Fischer Drive with the newly established Randburg traders market will boost business prospects at the market
Fancy owning a bank?
Six banks and an indoor cricket stadium were among the special properties that made up the roll at the well-attended multiple auction held by Alliance Group on Wednesday
Lack of power halts Randburg revamp
Vagrants move into new developments without electricity
Office Refurbishments result in higher Rental Returns for Emira
With sellers asking high prices for their properties and land and building costs rising sharply, listed property funds tend to be spending more money refurbishing their existing buildings in their search for better returns
Foreign interest in auction of Sandton office block
A hammer price of R70m for an office block in Sandton achieved at the auction held by Alliance Group on Tuesday again proved that the commercial property market remains strong in spite of the higher cost of money
The revised Majority Act legislation reduces contractual age from 21 to 18
Recent provisions made to the Children’s Act (Act No 38 of 2005) have clarified several grey areas and changed the previous contractual age from 21 to 18 - 18 to 21 year-olds can now get married, sign any contract or litigate in their own name
Grayprop lags peers, but defends ‘problem buildings’
Allan Gray Property Trust (Grayprop) reports that its net distributable income for the first six months of the financial year amounted to 21,4c a unit, a 10,9% increase on the distributions for the same period last year
African Capital makes R80 million initial property acquisition
African Capital Property Portfolio Limited has concluded its first property acquisition since the company was established during November 2006. It has purchased four commercial properties with an aggregate value of R79,8 million
Retail Africa Attracts Leading Partners
Retail Africa, prominent developer and operator of retail malls in South Africa, recently invited both Attacq Property Fund
Business owners want lowdown on street closure
Businesses in the Randburg area are asking for a traffic impact study following a decision by the Johannesburg council to close part of Hendrik Verwoerd Drive
Electrical Compliance Certificate - An essential part of a property transaction
The recent focus on the importance of obtaining a valid Electrical Compliance Certificate (ECC) has caused a fair amount of confusion and controversy
Brightwater Commons talks to new tenants
The landlords are hoping to turn around the fortunes of the shopping centre
Transfer Duty or value Added Tax?
All property transactions in South Africa are subject to Transfer Duty or Value Added Tax.
Private airport will get a huge upgrade
LANSERIA International Airport is set to undergo a R100-million face-lift as it prepares for an influx of foreign visitors ahead of the 2010 soccer World Cup
Samuel Seeff comments on 0.5% interest rate increase
Anticipated impact on house prices expected to be minimal
CBS reports positive interim results
CBS Property Portfolio reports that it exceeded budget for the six-month period ended 30 April 2006 and will distribute 46% of its projected annual distribution
CBS unitholders approve R600 million acquisition and strategic development alliance
At a meeting held today CBS Property Portfolio linked unitholders unanimously approved the JSE-listed property loan stock’s acquisition of 12 prime properties for R616 million.
Joburg to take on national housing delivery function
JOHANNESBURG plans to play a bigger role in the delivery of housing, taking over some of the functions of the national and provincial governments in a bid to reduce housing backlogs.
Grayprop distributions rise reflects ‘solid growth’
LISTED property unit trust Allan Gray Property Trust (Grayprop) yesterday reported a 10,9% increase in distributions for the six months to March.
CBS Property Portfolio acquires R600 million prime properties and gains a strategic partner
CBS Property Portfolio has acquired 12 prime properties for R616 million driving CBS’s property assets above R1.7 billion, with 47 properties covering a gross lettable area (GLA) of 270,842m2.
Choice opportunity for private investor
A rare opportunity will be offered to the private investor or syndicate to own a substantial shopping complex such as Horizon View in Roodepoort
2006 will see Randburg reinvent itself
Randburg, the node identified as vital to Johannesburg’s 2030 Vision, is presently undergoing a transformation.
CBS Property Portfolio reports sterling results
CBS Property Portfolio Limited today announced an increase in distribution of 16.2% for the year ended 31 October 2005
CBS Properties acquires new properties
CBS Property Portfolio has acquired seven prime properties for a total of 122 million rand, including the unique Simons Town Boardwalk Centre
Investors go for business space
Investors go for business space
CBS acquires prime properties for R122 million
CBS Property Portfolio Limited has acquired 7 prime properties for R122 million, including the unique Simonstown Boardwalk Centre, at a combined initial forward yield of 10.38%.
Office rentals on the up
Office rentals on the up
ApexHi acquires 19 properties for R297,3-million
ApexHi Properties Limited has acquired 19 office, retail and industrial properties for R297,3-million since end June 2005, over and above the recent purchase of the Prima portfolio for R1,020-billion.
No square deals
TALK OF GROSS asking rentals for A-grade offices soon breaching the significant R100/sq m benchmark in prime business nodes across South Africa, seems premature
New-look Alpina moves back into profit
Restructured property loan stock company has turned its fortunes around, reporting an after-tax profit of R7,9m for the year to June
Vukile upbeat on earnings growth
Vukile is confident that it will produce real earnings growth as forecast in June when it published results for the 2004/05 financial year
Shopping centre planned for Alexandra
A R120m shopping centre, called the Alexandra Junction Shopping Centre, is being planned for one of the busiest hubs in the Johannesburg township.
Regeneration programmes can redress inequalities
It is critical that urban-regeneration programmes be seen in the light of their potential to actively reduce socioeconomic gaps in society
Support for Mbeki over golf estates
PRESIDENT Thabo Mbeki’s scathing remarks about the adverse effect of golf estates and boomed areas on residential integration have found surprise backers in the property development sector.
First Online for KZN...
Two sectional title shops in Umhlanga’s town centre are set to become the first Kwa-Zulu Natal commercial properties to be auctioned online.
No vacancies in commercial office sector as rents rise
Mixed areas satisfy residential needs
PropertyAuctions on the net
KEEN interest is being shown in PropertyAuctions.co.za’s online auction of an office building in Randburg, which gets under way later this month.
The Randburg Commercial Property Market
The Randburg Commercial Property Market: From Ugly Duckling to Swan
eProp launches online auction
IN a first for the commercial property industry in SA, eProp, the online commercial property market place, is launching an online commercial property auction next month.