Tuesday, 05 November 2019 11:51

Parktown North poised for growth

After peaking in mid-2015 and a subsequent period of flat growth, Parktown North seems set for a return as developers target one of Gauteng’s most popular destination suburbs.

Giflo Medical, a leading commercial and medical property developer, is investing R130m in expanding and upgrading two adjacent medical facilities - the Cormed Private Hospital and the Envision Centre for Sight - located within an established medical precinct in Vanderbijlpark, Gauteng.

Abland, one of South Africa’s leading property developers for over 30 years, together with its partners on the Irene Link development, Giflo and SOM will be breaking ground on the second phase of the commercial development at the Irene Link precinct in Pretoria, in October 2019. This 8,500m² commercial building will be ready for occupation in October 2020.

Wednesday, 18 September 2019 16:00

WPN reveals SA Women in Property Awards finalists

The Women’s Property Network (WPN) has announced the finalists of the South African Women in Property Awards (SAWIPA), marking a celebration of female excellence in the local commercial property sector.

A fervent desire to reduce both monthly costs and traffic-congested travel times while residing in conveniently situated nodes has given rise to the ongoing success of the live-work-play lifestyle in South Africa.

FNB has unveiled the first phase of its BankCity revitalization project to continue its commitment and investment in the Johannesburg inner-city.

Today Attacq Ltd  the JSE listed REIT developing Waterfall City, and Waterfall Logistics Hub announced, in partnership with acclaimed property developer, Tricolt, the breaking of ground at Ellipse Waterfall, the first high rise development within Waterfall City.

The surge in first-time buyers entering Cape Town’s property market – a notable 3.3 times more than this time last year – augurs well for a gradual house price recovery in the next few months, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

Shareholders in JSE-listed REITs, Gemgrow Properties  and Arrowhead Properties ( gave their stamp of approval at their respective shareholder meetings on Thursday, 22 August 2019 to the reverse takeover of Gemgrow by Arrowhead, launching a R16 billion (including listed investments), South Africa-focused property fund.

Today’s repo rate reduction of 25bps (to 6.5%), coupled with early indicators of recovery in the South African residential property market augur well for the balance of the year and underscore the opportunity for home buyers to capitalise on the current favourable market conditions before the market enters a decisive upturn.

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