Redefine Properties is strengthening its balance sheet and enhancing its logistics platform in the fast-growing Polish market through the introduction of leading international real estate private equity firm, Madison International Realty (Madison) as an equity investor. In terms of the deal...
Equites Property Fund Limited has announced an agreement with leading JSE-listed retailer Pepkor, to develop a 122 734 square metre logistics warehouse facility in Hammarsdale, KwaZulu‑Natal. The indicative total cost of development is R1.3 billion, which includes the cost of the land of R281...
What could be better than living in an extremely well-priced apartment or working in Johannesburg’s most exciting area, with a Virgin Active Gym downstairs and across the road the famous 44 Stanley with its contemporary restaurants and boutique shops Africrest Properties has made the above possible...
We head into 2020 with little in the way of improvement in key leading economic indicators, suggesting to us that the commercial property market will likely see “more of the same” this year meaning a further rise in the average vacancy rate, pressure on rental growth, further real capital...
A joint statement by The City of Cape Town’s Mayoral Committee Member for Economic Opportunities and Asset Management, Alderman James Vos and Councillor Zahid Badroodien, Mayoral Committee Member for Community Services and Health: Rapid urbanisation is leading to an acute need for...
The property market of 2019 is most accurately described as being a trying one at best, characterised by slow national house price growth and a supply that far outweighed the demand in most areas across the country. Despite this, the RE/MAX National Housing Report for Q4 2019 reveals that the...
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...
The FNB HPI was unchanged at 3.5% year-on-year in December, taking the average annual house price growth to 3.6% year-on-year for 2019, from 3.8% year-on-year in 2018. This is marginally above FNB’s forecast of an average annual growth of 3.5% year-on-year. After a slow start to the year, the...
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...
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...
