Two of Balwin’s Western Cape developments have joined the City of Cape Town and Eskom’s Load Curtailment programmes.

Emira Property Fund (JSE: EMI) has agreed to sell basically all its wholly owned Cape Town properties in a sizeable R1.1 billion transaction, which will create significant and immediate liquidity for Emira to pursue its strategy.

In the face of South Africa's strenuous economic conditions, characterised by a 5.9% consumer inflation rate and notably high interest rates (with the repo rate at 8.25% and the prime lending rate at 11.75%), the housing market's resilience emerges as particularly noteworthy.

Growthpoint Properties is piloting a 4.5MW battery system at Paarl Mall in the Western Cape to store electricity for its continuous, cost-efficient power supply.

The National and Western Cape Department of Human Settlements, together with its agency, the Social Housing Regulatory Agency (SHRA), recently launched the Anchorage Social Housing Project in Glenhaven, in the Western Cape.

By late-2019, all 3 major provinces had seen the rental payment performance of their Commercial Property tenant population slide mildly from highs reached a few years prior.

Spear REIT Limited (SEA:SJ), the only regionally focused REIT on the JSE with exposure to high quality Western Cape-only assets, disclosed its group performance under the national lockdown in a pre-close investor presentation on Friday 28 August 2020.

So asks Dr Andrew Golding, chief executive of the Pam Golding Property group.

JLL, one of the world’s leading real estate investment and advisory firms, today released its 2019-2020 South Africa Investment report which provides insights on key investment trends observed following the impact of COVID-19.

Fairvest Property Holdings Limited (“Fairvest”) today announced the finalisation of the due diligence for its disposal of Tokai Junction, a 7 618m2  retail centre in Constantia, Western Cape to FPG Holdings Proprietary Limited for R180 million.