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...
Trading densities at community and smaller shopping centres were a bright spot in the second quarter of 2024, running counter to a further contraction in retail property performance and supporting an important current theme of community and global wellness. This is according to the Clur Shopping...
Eco Junction Business Park in Richards Bay recently sold within an hour of going on auction via Aucor Property. Mandated by Liberty Group Limited, the property includes an established showroom that currently brings in a gross income of approximately R7 million with a lease in place until May 2028...
The trading performance of SA’s major institutionally owned malls remained positive on an inflation-adjusted basis for the year ended June 2024, according to SAPOA’s Retail Trends Report for Q2 2024. Year-on-year growth in the index’s annualised trading density decelerated to 5.3% in current price...
Global leader in integrated hotel management and operations solutions, Valor Hospitality Partners, has expanded its East African presence and expertise through branded residences and urban city hospitality management in collaboration with developers, CPS, for Zanzibar’s pioneering mixed-use...
Leader in ticketless parking solutions, admyt, has announced a partnership with Hyprop Investments Limited to improve parking spaces at the REIT’s dominant retail centres including CapeGate, Woodlands, Canal Walk, Rosebank Mall, Somerset Mall, and Clearwater Mall. Seamless ticketless parking will...
Affordable housing developer, Alleyroads, has broken ground on a R10 billion affordable housing development in Shakaskraal on KwaZulu-Natal’s north coast, approximately 7km north of Ballito. At 450 hectares and comprising more than 6 000 affordable housing opportunities, Palm View Estate will...
Burstone Group has announced a series of transactions including a strategic partnership with Blackstone in Europe, marking the acceleration of the Group’s international fund and investment management strategy. On successful completion, third-party assets under management are set to increase almost...
The South African REIT Association has announced a strategic partnership with Nedbank Corporate and Investment Banking (CIB) to launch the SAREIT Sustainability Guide which aims to establish sustainability standards and best practice benchmarks for SA’s real estate sector. Scheduled for imminent...
The City of Cape Town plans to refine the local spatial development framework (LSDF) for the CBD as a guide towards its ‘City of Hope’ vision for 2040. Calling on the public for comment, the LSDF proposes a pedestrian-friendly CBD that links Table Mountain to the Atlantic Ocean through key public...
