Afrirent Holdings has acquired the 99-room Protea Hotel by Marriott Mahikeng to form part of Indalo Hotels and Leisure, Afrirent’s hospitality and leisure subsidiary. The fleet management, logistics, and hospitality group has...
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Deutsche Konsum REIT-AG significantly reduces debt by €88.6m through strategic asset disposals
Deutsche Konsum REIT-AG has published its results for the 2023/2024 financial year (October 2023 to September 2024), having significantly reduced its debt by €88.6 million through the targeted disposal of 17 assets. The Company recorded rental income of€77.4 million, a 2.9% decline year-on-year...
Residential building sector underperforms during Q3 2024, commercial building sector shows improvement
While overall building activity remained relatively stable during Q3 2024, contractors in the commercial building sector fared better than their residential building counterparts. According to Stats SA, the real value of residential building investment contracted by 7.3% year-on-year during Q2 2024...
Rawson Auctions mandated to auction five year lease for busy restaurant in Newlands
Rawson Auctions has been mandated to auction a venue which would be ideal as a restaurant. The venue has been operating as a national brand for the past twelve years. The owner is looking for a tenant preferably a highly successful restauranteur who has a strong track record to sign a five-year...
Displaced minibus-taxis to relocate to Foreshore holding area
The City of Cape Town has identified a site in the Foreshore as an alternative remote holding area for minibus-taxi operators who have been displaced from the Station Deck facility. The site is situated on the harbour side between DF Malan and Christiaan Barnard Streets and borders on FW de Klerk...
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AI Data Centres face power and supply chain constraints despite construction cost concerns
Data centre developers worldwide are shifting their focus to the construction of facilities capable of supporting AI workloads – but sector expects warn that the complex requirements of these new data centres may be outpacing supply chain preparedness. According to Turner & Townsend’s 2025-2026...
R600m shopping centre opens on former working mushroom farm in Kyalami
The R600 million Mushroom Farm Shopping Centre in the Kyalami-Waterfall node has opened its doors – with a second phase planned for 2026. Owned and developed by Century Property Development, the centre’s name pays homage to its history as a working mushroom farm neighbouring the original Waterval...
Cape Town seeks comment on proposed Stikland land sale for bus terminus and mixed-use development
The City of Cape Town’s Economic Directorate is calling for comment on the proposed sale of a portion of city-owned land in Stikland, Bellville to the private sector, earmarked for a long-distance bus terminus (LDBT) and supporting commercial mixed-use development. The property is a 2.2ha portion...
Redefine Properties ends FY2025 in “far better shape than started”
Redefine Properties has reported a 4.2% increase in Group revenue to R11.1 billion for FY2025, with its net property income having increased by 4.1% to R6.6 billion. “Redefine ends the financial year in far better shape than we started it, with all key metrics trending positively,” says CEO, Andrew...
Collins Property Group accelerates reinvestment in Europe
Collins Property Group says it looking to sell down on its local office portfolio, which reported a 17.3% vacancy rate for the six months ended 31 August 2025, and which represents 7% of the Group’s total portfolio. During this period, the REIT continued divesting non-core properties...
GBCSA unveils updated Green Star New Build V2 tool
The Green Building Council South Africa (GBCSA) has launched training on its new Green Star New Build V2 rating tool for new buildings and buildings that have undergone major refurbishments – the first substantial update to the Green Star tool since its initial development in 2008. The training was...
