Property news
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.
Business and Jo’burg confer on services
Council to clarify expectations
Roodepoort CBD to get a makeover
Urban decay has set in in the Roodepoort central business district
What of the future of downtown?
Many efforts to restore city centres across the US and Europe have failed, with many valuable lessons to learn
Riches up the risk curve
Double-digit property income returns are fading in prime areas, but more slowly on the periphery
Speculation in Cosmo City
SPECULATORS have been buying some of the "affordable" housing being developed by private developers in the planned suburb of Cosmo City, in North Riding, Randburg.
Massive cash boost for Lenz facelift
The R62m Signet Terrace shopping centre is one of the malls that will attempt to draw shoppers back into the Lenasia Central Business District
Randburg gets dusted off
Revival expected to create 4000 jobs
Joburg property agency unveils new strategy
The City of Joburg Property Company (JPC) said on Friday that it has shifted its focus away from property sales and auctions in favour of developing a stronger focus on asset management, leasing and development.
Mixed bag of properties on offer
Industrial, commercial, retail sites up for grabs at Auction Alliance sale
Selling off the jewels?
Short-term obsessions of investors force institutions to sell property into a rising market
Industrial property market booms
Each year about R1,7-billion is spent on industrial property planning, with R800-million going towards actual development says Marc Schneider, head of research at e-Prop, a property Internet, research and consulting firm.
Success in the city
Where other property companies have run away from the city, ApexHi has made a success of it.
Melrose Arch FAULTY TOWERS
Another bungle at Melrose Arch points to wider problems of poor pension management
Just Letting makes move into commercial property
NATIONAL residential rental franchise Just Letting said yesterday it had expanded into the commercial property market with the launch of Just Letting Commercial.
Provest Monthly Overview - May 2004
Monthly overview of the listed property market by Provest
Net unit income up 4% at Grayprop
PROPERTY unit trust company Allan Gray Property Trust said yesterday that net distributable income for the six months to March 31 amounted to 15,6c a unit, 4% higher than the year-ago period.
Retail refocus paying off for former Waterfront
DOUBT about the success of the newly launched Brightwater Commons, formerly known as the Randburg Waterfront, has been quelled
A grade offices in Randburg
The prime space available now.