Latest Property News

News

RDI announces continued progress of strategic disposal programme

RDI, the income focused UK Real Estate Investment Trust has announced positive letting activity and continued progress on its strategic disposal programme. Mike Watters, CEO of RDI, commented: “Our asset management team has delivered a number of letting successes, reflecting our ongoing focus on...

News

intu disposes of Spanish shopping centre

A jointly owned holding company and affiliates of intu properties plc and Canada Pension Plan Investment Board have exchanged contracts to sell intu Puerto Venecia shopping centre to Generali Shopping Centre Fund S.C.S. SICAV-SIF and Union Investment Real Estate GMBH for €475.3 million (intu share...

News

Durban voted the greenest city in the world

Durban has been voted the greenest city in the world as reported by the first Husqvarna Urban Green Space Index. HUGSI Index is a digital innovation initiative which utilizes computer vision and deep learning techniques on satellite images to generate insights about the size, proportion...

Advice and Opinion

Advice and Opinion

Property experts voice opinion over recent repo rate cut

Samuel Seeff, chairman of the Seeff Property Group: “The decision by the Reserve Bank’s Monetary Policy Committee to cut the repo rate by 25 basis points to 6.25% (from 6.5%) reducing the mortgage rate to 9.75% (from 10%) is welcomed, but we need more.” “The Reserve Bank’s stance...

Areas and Places

Areas and Places

Workshop17 aims to double number of co-workspaces by 2023

As the co-working industry continues to grow in the country, Workshop17’s latest state-of-the-art collaborative facility in Cape Town’s City Bowl has moved the company a couple of notches above its competitors. Comprised of thirty modifiable private offices, hot-desking, café co-working, meeting...