Ponte City, Africa’s first cylindrical skyscraper, is being sold by Broll Auctions and Sales by private tender. A focal point of Johannesburg’s skyline for the past 50 years, the 173m tower was Africa’s tallest residential apartment building for 48 years with a storied history from its days as an...
By Gemma-Louise Wright, Editor – Property Wheel Many pre-retirees attest to feeling anxious and doubtful in the months leading up to retirement as they begin second-guessing their decisions about their retirement plans. While retirement may be a once-off event, getting it right takes careful...
Cape Town’s property market has outperformed Johannesburg over the past six years according to Lightstone. In addition, homeowners spent more to buy in Cape Town than in Johannesburg with this gap having widened between 2019 and 2024. The top selling area in terms of volumes was The Hague, a...
Hyprop Investments has reported double-digit growth in distributable income of 14.5% to R765 million for the year ended 31st December 2024 with a 14.4% increase in distributable income per share to 201.4 cents per share. “The solid performance for the period is a result of the transformative...
Growthpoint Properties has published its results for the six-month interim period ending 31st December 2024, reporting a 3.9% increase in its distributable income per share (DIPS) to 74 cents per share while maintaining its 82.5% payout ratio. In line with its first-half performance, the REIT...
Standard Bank South Africa has closed a $250 million seven-year unsecured loan from the International Finance Corporation (IFC) to significantly bolster its efforts in promoting sustainable development through green financing. The funds will be allocated towards green buildings and green home loans...
As the City of Johannesburg struggles to remain financially afloat, it has resorted to extortionate methods to collect municipal revenue from property owners at all costs says Gary Boruchowitz, founder of Boruchowitz Attorneys, a law firm that specialises in municipal disputes. “We have seen a...
The City of Johannesburg is calling on commentary on the proposed renaming of streets and facilities in honour of various community heroes and icons. The municipality says it is considering proposals for renaming the Main Road in Eldorado Park to Don Mattera Road and Westbury Recreation Centre to...
