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Neville Nicolau Basil Read
August 23, 2016

Local conditions force Basil Read to look for projects in rest of Africa

in Construction, Energy and Infrastructure
Basil Read is on the lookout for prospects in the rest of the continent as the local construction sector remains subdued.
Philip Hillman
August 23, 2016

Demand for student housing presents new opportunities for private sector

in Office, Retail, Industrial, Hotels and Residential
The latest research from JLL indicates that the demand for new purpose-build student accommodation in Sub-Saharan Africa (SSA) is set to exceed 500,000 beds over the next five years.
Eastgate Shopping Centre
August 23, 2016

Liberty Holdings Limited intends listing a portion of its premier property portfolio in a landmark capital raise on the JSE

in Listed Property, REIT, Real Estate Funds
Liberty whose investments include the iconic Sandton City – “the richest square mile in Africa” – announces its intention to list a portion of its premium property portfolio on the JSE as a Real Estate Investment Trust (REIT), to be called Liberty Two Degrees before the end of 2016.
Thabo Dloti
Aug 23, 2016

Liberty Holdings Limited to list Property Portfolio as a REIT on the JSE in 2016

Liberty announces its intention to list a portion of the Liberty group's iconic property portfolio on the main board of…
Sandile Nomvete CEO Delta Property Fund
Aug 20, 2016

Government portfolio spoke in Delta Property Fund wheel

Delta Property Fund is coming under pressure as it struggles to impress investors given its mostly government-tenanted…
Spiros Noussis
Aug 20, 2016

Rockcastle Global Real Estate aiming high

Rockcastle Global Real Estate is on track to become a fund split 50-50 across direct and indirect real estate.
Jacques Du Toit Absa Hoam Loans
Aug 18, 2016

First half of 2016 saw the planning phase of new housing contracting, with the…

Building activity in the South African market for new housing showed some divergent trends in the first half of 2016.
Trfcentral7
Aug 18, 2016

High demand for quality accommodation in trendy Central Business District

Block by block and street by street, Port Elizabeth’s historic Central is steadily being reclaimed and regenerated as a…

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Company Profile

Abacus DIVISIONS

Abacus DIVISIONS is a Centurion based property company with strong interests, services and a portfolio of properties in the commercial and leisure sectors of the market. We were founded in 2002 and is driven by a strong entrepreneurial spirit. Our offices are…

Property Leader

dimitri.

Dimitris Thomas

Mr Dimitris Thomas is the Executive Director of major subsidiary of Acsion.
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

Listed Property, REIT, Real Estate Funds

Eastgate Shopping Centre

Liberty Holdings Limited intends listing a portion of its premier property portfolio in a landmark capital raise on the JSE

August 23, 2016 Listed Property, REIT, Real Estate Funds eProperty News
Liberty whose investments include the iconic Sandton City – “the richest square mile in Africa” – announces its intention to list a portion of its premium property portfolio on the JSE as a Real Estate Investment Trust (REIT), to be called Liberty Two Degrees…

Office, Retail, Industrial, Hotels and Residential

Philip Hillman

Demand for student housing presents new opportunities for private sector

August 23, 2016 Office, Retail, Industrial, Hotels and Residential eProperty News
The latest research from JLL indicates that the demand for new purpose-build student accommodation in Sub-Saharan Africa (SSA) is set to exceed 500,000 beds over the next five years.

Green Building and Sustainability

Howard Rauff

Nedbank demonstrates the value of green buildings

August 17, 2016 Green Building and Sustainability eProperty News
As a leading financier and occupier of green buildings in South Africa, Nedbank offers tangible evidence of the sustainable environmental and economic value that such buildings have to offer businesses that include them as an integral component of their…

Commercial Property Auctions

Norman Raad Broll Auctions and Sales

Challenging times see some of the best properties taken to auction in years

July 27, 2016 Commercial Property Auctions eProperty News
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Africa, International Property News

Spiros Noussis

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August 20, 2016 Africa, International Property News eProperty News
Rockcastle Global Real Estate is on track to become a fund split 50-50 across direct and indirect real estate.

Construction, Energy and infrastructure

Neville Nicolau Basil Read

Local conditions force Basil Read to look for projects in rest of Africa

August 23, 2016 Construction, Energy and Infrastructure eProperty News
Basil Read is on the lookout for prospects in the rest of the continent as the local construction sector remains subdued.

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