Growthpoint Properties has completed the R44 million first phase of its new development at Mill Road Industrial Park in Cape Town, which includes a 5,000sqm facility for Laser Logistics.

Third quarter (Q3 18) statistics released by ooba, South Africa’s leading home loan originator, show that year-on-year from Q3 17 to Q3 18, the growth in the Average Purchase Price effectively remained static with a 0.1% increase. This continues the trend of negative real price growth (growth less inflation) in the residential property market.

Leading property developer, Devmark Property Group, won three prestigious African Property Awards including Best Residential Development and Best Development Marketing for The Plettenberg Manor, as well as Best Single Unit Residential Development for Klein D'Aria Private Estate.

Balwin Properties, the JSE’s only national large-scale developer of turnkey sectional-title apartments and surrounding infrastructure aimed at the mid- to upper market segment, today reported strong financial growth for the interim financial period ending 31 August 2018.

At a lavish ceremony held at the exclusive Waldorf Astoria Dubai Palm Jumeirah hotel on 11 October 2018, Waterfall Management Company was honoured with the Best Mixed-use Development in South Africa 2018/2019 award for the Waterfall development.

Equites Property Fund Limited today announced growth of 11.7% in its distribution per share for the six months ended 31 August 2018 to 68.12 cents, as well as a 49% growth in the fair value of its property portfolio over the corresponding period in August 2017, from R6.8 billion to R10.1 billion.

Labour issues, late payment and slow growth ‘catastrophic’ for the sector, says Master Builders’ Association North.

ABSA Towers Main and Jewel City to be redeveloped and linked to Maboneng.

Wednesday, 10 October 2018 11:20

Green Stars rising in Mauritius

Mauritius, the business-friendly island nation, is celebrating their first Green Star rating at the Mon Tresor Business Gateway. The Mon Tresor Smart City is one of several schemes aimed at consolidating the convenience of Mauritian international business and financial services through helping residents’ work-life balance.

“Overall many key African hotel markets reflected a positive turnaround in tourism in the first half of 2018,” says CEO of HTI Consulting, Wayne Troughton. “Though many of these markets continue to trade off a low base, the positive growth in room nights sold bodes well for future occupancy increases and hotel supply,” he states.

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