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Protected: Private sector investment is set to lead property transformation in Soweto, with its 2800-apartment estate
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Construction begins on Rosebank’s Saxon Square
Tri-Star Construction and Profica have broken ground on Rosebank’s new development, Saxon Square. The development will offer 138 luxury studio, one- and two-bedroom apartments at accessible price points during phase one. “We are excited that the vision we had for this unique development is becoming...
IWG and Attacq pilot flex-space partnership in Lynwood Park
Global workspace network, International Workplace Group (IWG) and Attacq Limited have partnered to provide flexible working to prime locations. The first of these centres opened on the 1st of June 2022 in the 5-Star green Lynwood Bridge Office Park in Pretoria. The office park is a few steps away...
SA cities held back by lack of innovation, transport and environmental factors
A top-ranked global city is an international hub for business. It has a large and diverse economy with a strong cultural scene, education, and world-leading infrastructure. It is a city that is difficult to replicate, so it attracts some of the best talent. The Schroders Global Cities Index looks...
Short-term rentals in housing complexes: why the resistance?
The benefits of short-term rentals include generating more income than long-term rental rates and owners can continue to enjoy flexible personal use of their properties. However, the meteoric growth of Airbnb across South Africa has sparked a fierce debate on whether short-term rentals should be...
Africa Data Centres announces new 20MW facility in Cape Town
Africa Data Centres has announced its plans to build a second data centre in Cape Town. Situated on the northern periphery of the city centre, the new 20MW facility will cover 15 000m2 in eight data halls. CEO of Africa Data Centres, Tesh Durvasula, says there is a clear pipeline of demand for...
Growthpoint flags “sporadic green shoots” in SA’s office sector
Growthpoint Properties has published a trading update for the three quarters of FY2022 from the 1st of July 2021 to the 31st of March 2022. While the key metrics of its retail and industrial portfolios are showing signs of improvement, its office portfolio remains under pressure, particularly in...
Construction begins on Cape Town’s newest mixed-use building, The Rubik
Construction has begun on the corner of Loop and Riebeek Streets in Cape Town CBD as The Rubik, a new luxury mixed-used building, joins the city’s skyline. The Rubik consists of luxury residential apartments above premium offices and high-end retail space, all housed within a highly...
New inclusionary development launches in Cape Town’s southern suburbs
Tutili Place, one of the first inclusionary housing developments, has launched in Diep River in Cape Town’s Southern Suburbs. The development is supported by Ndifuna Ukwazi, an activist organisation that promotes land justice and access to well-located land and affordable housing. The brainchild of...
