Latest News

Texton property announce broad based BEE transaction

Feb 26, 2015
Rob Kane
Texton is pleased to announce that it has reached agreement with a broad-based black economic empowerment Consortium to…

Pareto Limited welcomes news of Government’s proposal that unlisted funds to enjoy…

Feb 26, 2015
Marius Muller Pareto CEO
As an unlisted property-owning company, Pareto welcomes the news of Government’s proposal that unlisted property owning…

Property sector welcomes budget news that unlisted funds could soon enjoy REIT status

Feb 26, 2015
Estienne De Klerk
South Africa’s commercial real estate sector welcomed the announcement by Minister of Finance Nhlanhla Nene in his…

Hospitality Property Fund core portfolio supports performance in weak market

Feb 25, 2015
 Andrew Rogers
Hospitality is the only Specialised Real Estate Investment Trust (“REIT”) listed on the JSE that offers investors a…

GDP increases by 4.1% in fourth quarter of 2014

Feb 24, 2015
GDP4q14
South Africa’s gross domestic product (GDP) increased by 4.1% in the fourth quarter of 2014, Statistics South Africa…

City Power implement new tariff system to ease pressure on national grid

Feb 24, 2015
Parks Tau Mayor
City Power is set to implement a residential time-of-use tariff system that will allow the utility to price electricity…
Tuesday, 19 October 2010 02:00

Sungate Namibia takes off

Written by  eProp Commercial Property News
Rate this item
(0 votes)

Accolade Properties Namibia is exceptionally pleased to announce that the Sungate project at HKIA officially went out to tender on Tuesday 12th October 

Peter CollinsThe tender is for the bulk services on its Initial Phase, which is 12,5 ha in extent and is situated on the northern side of the B6 trunk road, at the Hosea Kutako International Airport intersection with the Trans-Kalahari Highway.

At a very professional private tender briefing held at Windhoek Consulting Engineers, the top Namibian civil construction companies were present to be briefed on the tender for the provision of roads, power, water, sewer to the mixed-use development.

Having signed a deal with a multi-national oil company on the filling station site and a multi-national hotel operator on the hotel site, with good take-up from the local tourism industry and some industrial warehousing users, as well as an affordable residential scheme which is is also about to go to market on the eastern side of the intersection: Sungate is finally ready to take its rightful place with the leading developments in Namibia.

“It’s been an amazing journey” said marketing director Pete Collins, “ but we’re ecstatic to be getting out of the ground. The financial crisis in 2008 put us in a difficult position, but we stuck to our guns and made it work”.

The tender closes on the 1st November 2010 and will be awarded before year-end for commencement on the 17th January 2010, and the works is due for completion mid-July 2011.

With some of Windhoek’s most eminent developers purchasing land, and local equity partners also coming on board, it makes this project truly a Namibian jewel.

Last modified on Monday, 14 April 2014 12:56
Login to post comments

LISTED PROPERTY (SA REIT)

Rob Kane

Texton property announce broad based BEE transaction

February 26, 2015 Listed Property eProp Commercial Property News
Texton is pleased to announce that it has reached agreement with a broad-based black economic empowerment Consortium to purchase around 20% of Texton shares. 

SECTOR - OFFICE/RETAIL/INDUSTRIAL/HOTELS

 Andrew Rogers

Hospitality Property Fund core portfolio supports performance in weak market

February 25, 2015 Hotels & Leisure eProp Commercial Property News
Hospitality is the only Specialised Real Estate Investment Trust (“REIT”) listed on the JSE that offers investors a unique investment vehicle in the hospitality sector through the ownership of a portfolio of hotel and leisure properties.

ECONOMY & PROPERTY ECONOMICS

Marius Muller Pareto CEO

Pareto Limited welcomes news of Government’s proposal that unlisted funds to enjoy REIT status

February 26, 2015 Sector Environment eProp Commercial Property News
As an unlisted property-owning company, Pareto welcomes the news of Government’s proposal that unlisted property owning companies should qualify for the same tax treatment as listed REITs (Real Estate Investment Trusts), if they become regulated.

AFRICAN & INTERNATIONAL PROPERTY NEWS

Fuksas cloud

Italy auctions Mussolini buildings to fund conference centre

February 19, 2015 International News eProp Commercial Property News
Cash-strapped authorities in Rome are to auction off four Mussolini-era public buildings to fund the completion of a long-delayed but eagerly-awaited new conference centre.

CONSTRUCTION & INFRASTRUCTURE

Tshediso Matona Eskom

Eskom moves from stage one to stage two load-shedding

February 05, 2015 Energy Infrastructure eProp Commercial Property News
Eskom has today implemented stage two load-shedding due to a shortage of generation capacity.

PROVINCES & CITIES

Parks Tau Mayor

City Power implement new tariff system to ease pressure on national grid

February 24, 2015 Johannesburg eProp Commercial Property News
City Power is set to implement a residential time-of-use tariff system that will allow the utility to price electricity at different rates during the day.
MOD_RAXO_ALLMODE_ERROR_SOURCE

PROPERTY AUCTIONS

Protea Place

Supreme Sandton site to come under the hammer

February 18, 2015 Commercial Property Auctions eProp Commercial Property News
Sandton Site to be auctioned.

GREEN BUILDING & ENVIRONMENT

Brian Wilkinson GBCSA

Green Building Council launches new Green Star SA Interiors tool

February 18, 2015 Green Building & Environment eProp Commercial Property News
Green Building Council launches new Green Star SA Interiors tool.

Most Popular

New development and renovation buzz hits Cape Town CBD

Jan 28, 2015
The Hudson exterior
Investment in major new developments reaffirms relevance of Cape Town's city centre.

Track record and experience key criteria for Nedbank Corporate Property Finance

Jan 28, 2015
Robin Lockhart-Ross
Managing executive of Nedbank Corporate Property Finance, Robin Lockhart-Ross, says his…

Lee-Anne Bac appointed Gauteng Chairperson of the Women’s Property Network 2015

Feb 06, 2015
Lee-Ann
Lee-Anne Bac, director, Advisory Services at Grant Thornton Johannesburg, has been…

Redefine Properties acquire R2bn German retail portfolio in joint venture deal

Jan 29, 2015
Marc Wainer
Hot on the heels of the Leaf portfolio acquisition, Redefine announced it has acquired a…

Redefine Properties secures R4.1bn Leaf Capital property portfolio acquisition

Jan 28, 2015
Marc Wainer
Redefine secures R4.1 billion Leaf Capital property portfolio acquisition; substantially…