We believe that the 0.8% economic growth rate for 2018 as a whole was likely “property negative”, sustaining negative real growth in property values and total returns in single digits.

Many point to online retail as a key challenge to the Retail Property Sector, and no doubt it is one of the challenges, as technology marches forth.

Thursday, 28 February 2019 15:04

Office décor trends for 2019

Décor trends evolve continually, and it is not financially viable to redecorate your office space with every new trend.

While economic conditions remain challenging, Redefine Properties (JSE: RDF) continues to align its strategy to long-term trends and proactively manage liquidity through the recycling of non-core assets.

JSE-listed diversified real estate investment trust Redefine Properties’ new 15 storey Rosebank Link has been completed on schedule with all its office space now fully let.

Cape Town – Spear REIT Limited  on Tuesday the 21st of November announced the acquisition of Northgate Island Corporate Office Park “Northgate Park” from Tremtrust 1 Trust comprising of 30% of block 1 and 100% of blocks 2, 3 and 4 of the property for R 313 000 000.

According to the report, a few commercial buildings were completed in the first half of 2018, increasing the total office supply to about 1.74 million sq m of Gross Leasable Area (GLA).

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.

Celebrity chef, author, TV personality and restaurateur Jenny Morris is opening a Yumcious restaurant at the DeVille Shopping Centre, situated on the corner of Wellington and Durban Roads in Durbanville.

Abland and Tiber, joint developers on the Sandton Gate precinct, have announced that they have broken ground on Phase 1 of the development with the bulk earthworks.

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