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...
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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...
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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Property Barometer – Housing Market Transaction Volume Trends
Transaction volume growth in the housing market started 2018 mildly improved, and mortgage lenders are expected to experience positive growth in volumes in the bonded segment of the market in 2018 as a whole after a slight decline in 2017. But growth in the near term may get slightly worse before...
Local Smart Cities aim to drive sustainability
More and more property developers are moving towards incorporating nature into building design. Green spaces have proven popular, even in major cities where they are seemingly rare. Rooftop gardens are popping up in central business districts such as Hong Kong, Tokyo, Rotterdam and New York. Urban...
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Iconic coastal Hole in the Wall Retreat going on auction
A rare investment opportunity has come to market with the auction of the iconic Hole in the Wall Retreat, one of the largest resorts in Coffee Bay on the Wild Coast of the Eastern Cape. SA’s lesser-known coastal towns, like Coffee Bay, that are within easy reach of major cities, have quickly become...
The closure of ArcelorMittal’s long steel business is a profound policy failure says SEIFSA
ArcelorMittal (SA) has confirmed that it is mothballing its long-steel operations at its Newcastle Works, Vereeniging Works, and the rail and structural subsidiary, AMRAS which will have a devastating impact on surrounding communities, suppliers, contractors, and the broader metals and engineering...
The V&A Waterfront partners with MRI Software on forward-thinking property management solution, PMX
With the introduction of PropTech in South Africa going back as early as the 1990s, most real estate companies have adopted technology or software in some shape or form. However, faced with a challenging operating environment post-pandemic comprising fluctuating interest rates, loadshedding, poor...
Accelerate Property Fund reports 21.7% vacancy rate, R73.5m decrease in revenue
Accelerate Property Fund has published its interim results for the six months ended September 2024, having disposed of five assets (9 and 10 Charles Crescent, Brooklyn Place, Eden Meander Shopping Centre and 610 Voortrekker Road), reducing its debt of R564 million, during the reporting period. Post...
2024 a record year for NEPI Rockcastle with some €1bn deployed in acquisitions and developments
2024 was a record year for investments for NEPI Rockcastle with close to €1 billion of capital deployed in acquisitions and developments having completed two of the largest real estate deals in Central Eastern Europe (CEE) in recent years. Magnolia Park, a 100 000m2 GLA shopping centre in...
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...
