The Amdec Group has recently unveiled its latest development, The Yacht Club. This R1.5 billion, mixed-use property includes 170 luxury residential apartments, 6 000 square meters of premium grade office space spanning two levels and, Africa’s first AC Hotel by Marriott. The group acquired the...
intu Properties and Cale Street Investments LP have announced the establishment of a 50/50 joint venture for the intu Derby shopping centre. Cale Street, an investment firm backed by the Kuwait Investment Office in London, will acquire for cash the 50 per cent interest for consideration which...
The Public Investment Corporation SOC Limited (PIC) has increased its beneficial shareholding in Texton Property Fund, growing its stake in the South African REIT from 5,2% to 18.9%. The Public Investment Corporation has now become Texton’s largest shareholder. Marius Muller, CEO of Texton...
The recent ruling by the Supreme Court of Appeal where the body corporate of Gardens Lodge in Cape Town was found to have charged a “patently exorbitant” interest rate on levies that were outstanding, is a lesson to many other bodies corporate in the way members’ outstanding levy accounts should be...
The digital revolution has altered our lives in just two decades, impacting almost every aspect of our lives however, experts believe that we have yet to experience the most dramatic transformation. Once a futuristic concept, smart cities are already an established trend in Europe and the United...
