Latest News

Andrew Dittberner
December 08, 2016

Value vs Growth - are we at an inflection point?

in Office, Retail, Industrial, Hotels and Residential
Over the long term, value styled investing outperforms growth styled investing. However, for the last seven years, both globally and in South Africa, value investing has underperformed.
Nic Morris Texton Property Fund CEO
December 08, 2016

Texton Property Fund Limited appoints Nic Morris as CEO

in Listed Property, REIT, Real Estate Funds
Texton Property Fund Limited (JSE:TEX), a South African real estate investment trust (REIT) has appointed Nic Morris as its Chief Executive Officer (CEO), with effect from 1 December 2016.
Mall de Tete
December 08, 2016

Acquisition of a new a grade retial shopping centre anchored by multi-national tenants with US dollar underpined leases

in Listed Property, REIT, Real Estate Funds
Acquisition of a new a grade retial shopping centre anchored by multi-national tenants with US dollar underpined leases.
Jacek Baginski
Dec 07, 2016

Change to the board of directors and to the executive function of a director

Shareholders are advised that Mr Maciej Drozd will step down from his position as chief financial officer of EPP and Mr…
Aerial view Kgoro Precinct Sandton
Dec 07, 2016

Green Building Council South Africa launches Green Star - Communities Pilot…

The Green Building Council South Africa (GBCSA) today announced the launch of the locally applicable version of the…
Karen Petersen
Dec 07, 2016

United African Marine Insurance Brokers (PTY) Limited acquires 20 5202 retail land…

Two sites at the Cornubia mixed-use development north of Durban, will break ground early in 2017. 
John LoosFNB
Dec 07, 2016

Building confidence increases for second consecutive quarter in Q4

The FNB/BER Building Confidence Index rose to 40 points in 4Q2016, its best level in 12 months.
EDO Menlyn
Dec 07, 2016

Thought Leadership - Going Shopping

Value for money is always going to be a key motivator when it comes to shopper behaviour.

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Company Profile

Val-Co Property Valuers

Val-Co has extensive experience in the valuation of a variety of income producing properties, and can therefore offer our clients a comprehensive range of valuation services, and as a team, we endeavor to meet and exceed the requirements of our clients…

Property Leader

Francois Viruly

Francois Viruly

Prof Francois Viruly is a well known South African property economist and professor in Property Economics, Property Investment and Property Finance. François Viruly is a property economist with over twenty years of experience in the analysis of the South…
Thursday, 09 December 2010 02:00

Transnet revises pipeline costs to R23.4bn

Written by eProp Commercial Property News
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Transnet has revised the cost of its new multi-product pipeline to R23.4bn, the parastatal said.

Chris WellsTransnet has revised the cost of its new multi-product pipeline (NMPP) to R23.4 billion, the parastatal said on Wednesday.

This is up from the initial forecast of R11.1 billion in 2008.

In 2009 the cost was put at R12.67 billion and in November 2009 the cost increased to R15.4 billion.

Chris Wells, Transnet's acting chief executive attributed the revision to a number of reasons "including engineering and changes in scope, too tight a construction schedule at the outset and significant increases to steel and equipment costs compared to the original estimates".

The pipeline will replace the old line from Durban to Johannesburg that was built 45 years ago and which is nearing the end of its design life.

Wells added that the NMPP was being funded off Transnet's balance sheet "just as we have done with other projects".

Turning to Transnet's bond issuance, Wells noted that the preparatory work had been done and it was preferred that the bond be issued in dollars.

"We can afford to be opportunistic though in issuing the bond as we don't really need money right now."

The bond was to have been issued around six months ago but Wells said that the Greek sovereign debt crisis had broken out which had halted the process.

 

Last modified on Wednesday, 30 October 2013 08:32
Nedbank Property Finance is a market leader in commercial property finance, enabling you to realise your property opportunities through a diverse range of financing solutions.

Listed Property, REIT, Real Estate Funds

Nic Morris Texton Property Fund CEO

Texton Property Fund Limited appoints Nic Morris as CEO

December 08, 2016 Listed Property, REIT, Real Estate Funds eProperty News
Texton Property Fund Limited (JSE:TEX), a South African real estate investment trust (REIT) has appointed Nic Morris as its Chief Executive Officer (CEO), with effect from 1 December 2016.

Office, Retail, Industrial, Hotels and Residential

Andrew Dittberner

Value vs Growth - are we at an inflection point?

December 08, 2016 Office, Retail, Industrial, Hotels and Residential eProperty News
Over the long term, value styled investing outperforms growth styled investing. However, for the last seven years, both globally and in South Africa, value investing has underperformed.

Green Building and Sustainability

Aerial view Kgoro Precinct Sandton

Green Building Council South Africa launches Green Star - Communities Pilot Programme in South Africa

December 07, 2016 Green Building and Sustainability eProperty News
The Green Building Council South Africa (GBCSA) today announced the launch of the locally applicable version of the Green Star – Communities rating tool in South Africa.

Commercial Property Auctions

J_Arthur_Brown

Fidentia's One & amp; Only Hotel sells for R39m

December 02, 2016 Commercial Property Auctions eProperty News
Fidentia fraud case, masterminded by Fidentia boss J Arthur Brown, is over as his One & Only Hotel is sold for R39m.

Africa, International Property News

Andrew Coombs SRE

Sirius Real Estate targets main board

December 07, 2016 Africa, International Property News eProperty News
Sirius expects to move to the JSE's main board in late January or early February.

Construction, Energy and infrastructure

Menlyn Maine Casino Eastern Elevation which is the Main Entrance

Menlyn Maine - Time Square construction update

November 28, 2016 Construction, Energy and Infrastructure eProperty News
Construction on Sun International’s R4-billion Time Square casino and hotel development in Menlyn Maine, Tshwane, is fully on track, with the casino due to open on time in April 2017.

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Nov 15, 2016
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