http://www.engineeringnews.co.za
R/€ = 15.17 Change: -0.28
R/$ = 13.03 Change: -0.10
Au 1246.62 $/oz Change: 4.23
Pt 926.50 $/oz Change: 4.50
 

Property News

Cape Town housing expansion not linked to water crisis

By: News24Wire      20th July 2017 Cape Town's water restrictions cannot be blamed on new housing projects popping up around the city, the city's mayoral committee member in charge of water and sanitation said. "Despite our population growth almost doubling since 1996, our water demand remained relatively flat," said Xanthea... 

Construction on Exxaro’s new offices to start in September

By: Anine Kilian     18th July 2017 Real estate investment trust Growthpoint Properties has started the multimillion-rand development of a new head office for diversified miner Exxaro Resources. Exxaro’s new corporate headquarters will consolidate its current offices in Pretoria and Johannesburg into a single workspace, located at... 

Vukile raises R900m after heavily oversubscribed placement

By: Samantha Herbst     18th July 2017 JSE-listed Vukile Property Fund has raised R900-million after closing a same-day, heavily oversubscribed bookbuild, initially aimed at raising R500-million. Seeing strong demand for shares, the real estate investment trust raised the capital through the placement of about 48-million new shares 

Heriot to list on AltX

By: Anine Kilian     17th July 2017 The JSE has granted real estate investment trust (Reit) Heriot a listing of all its issued ordinary shares in the diversified Reit’s sector on the AltX, effective July 24. Heriot is a newly incorporated company and has been established for the purposes of creating a listed property fund that will... 

Sisulu asks housing beneficiaries to not sell their houses

By: Anine Kilian     14th July 2017 Human Settlements Minister Lindiwe Sisulu has called on community members of Westonaria Borwa, in Johannesburg, to preserve their houses and look after the community infrastructure.   Sisulu visited the Westonaria housing project with Gauteng Human Settlements MEC Paul Mashatile on Thursday to... 

Property development JV announces Sandton mixed-use precinct development

By: David Oliveira     14th July 2017 Property management company Abland and construction company Tiber announced earlier this week that they will join forces to develop the Sandton Gate mixed-use precinct, comprising office, retail and residential building space with the added benefits of highly convenient access, a vast choice of... 

New tax regime punted as way to spur development of disused or degraded land

By: Dylan Slater     14th July 2017 Using tax increment financing to spur business development on disused or degraded land could be a highly feasible method to repurpose otherwise unusable land, as well as create jobs and encourage entrepreneurs and business in general.  

Minister Sisulu in Westonaria Borwa to hand over title deeds

By: African News Agency      13th July 2017 Human Settlements Minister Lindiwe Sisulu and Gauteng MEC Paul Mashatile will on Thursday hand over houses and title deeds to beneficiaries of Westonaria Borwa housing project. In a statement, the Human Settlements Department said the mega housing project includes BNG/RDP, bonded, gap market, and... 

Minister Sisulu in Westonaria Borwa to hand over title deeds
Human Settlements Minister Lindiwe Sisulu

SAB invests R2.8bn in expanding Gauteng breweries

By: Anine Kilian     11th July 2017 Multinational beverage and brewing company Anheuser-Busch InBev (AB-InBev) subsidiary South African Breweries (SAB) will invest R2.8-billion into brewery expansions, including two new packaging lines for returnable glass bottles, at its Alrode and Rosslyn breweries, in Gauteng. During a media... 

SAB invests R2.8bn in expanding Gauteng breweries
AB-InBev Africa president Ricardo Tadeu

Transnet not selling its property portfolio – spokesperson

By: Natasha Odendaal     11th July 2017 Transnet on Tuesday dismissed claims that its request for proposals (RFP) for the optimisation of its property portfolio was a R40-billion business opportunity to be taken advantage of. Responding to a statement issued by the Democratic Alliance (DA) last week, Transnet spokesperson Viwe Tlaleane... 

Vukile boosts offshore exposure to 21% in R2.8bn Spanish retail park transaction

By: Anine Kilian     3rd July 2017 JSE-listed real estate investment trust (Reit) Vukile Property Fund has acquired a portfolio of nine newly built retail parks across Spain through its 98.3%-owned Spanish subsidiary Castellana Properties. Castellana will acquire the nine properties from Redevco Iberian Ventures, a joint venture... 

Construction imminent at new Durban affordable housing development

By: Megan van Wyngaardt     3rd July 2017 Construction of a new affordable housing project at Bridge City – a joint venture between Tongaat Hulett and the eThekwini municipality – is due to start within the next few weeks. The development, 20 km north of the Durban central business district, will comprise 356 apartment units, priced from... 

Construction imminent at new Durban affordable housing development

WG Wearne posts FY17 losses amid tough market conditions

By: Megan van Wyngaardt     3rd July 2017 A subdued local construction market, paired with the R59-million closing out of its construction services business, has seen WG Wearne widen its loss from continuing operations from R18.4-million in 2016, to R28.8-million for the year ended February 28. In a copy of its financial statements,... 

Redefine expands Australian student accomodation footprint

By: Megan van Wyngaardt     3rd July 2017 JSE-listed Redefine Properties has acquired a new development site for student accommodation near the Melbourne University, in Australia. The 700-bed development, which will start in 2018, is expected to cost A$103.3-million, with Redefine’s share of the development cost set at A$93-million with... 

Redefine sells Delta stake to women-led BEE consortium in R1.45bn deal

By: Creamer Media Reporter      3rd July 2017 JSE-listed Redefine Properties has sold its 22.8% stake in Delta Properties to a women-led black economic empowerment (BEE) consortium in a R1.45-billion vendor-funded transaction. Black females own 51% of the consortium, with the balance of the shares held by Delta’s management and staff, of... 

Company leads by example in new green premises

By: Robyn Wilkinson     30th June 2017 Engineering consultant WSP Africa will be moving into its new head office in Knightsbridge office park in Bryanston, in September, providing its clients with a stellar example of a sustainable building project.  

Company leads by example  in new green premises
MATHIEU DU PLOOY South Africa has a very strong environmental stance, supported by powerful legislation

New Tshwane light-steel frame building erected at speed

By: David Oliveira     30th June 2017 South African light-steel frame (LSF) construction company Futurecon has completed the construction of a R7-million 454 m2 facility, in Tshwane, for optometric service provider Spectacle Warehouse last month. Project architect Base Architects & Associates MD Darren Ogden explains that the only... 

Gauteng housing department remains committed to megaprojects 

By: Anine Kilian     29th June 2017 The Gauteng Department of Human Settlements is committed to the implementation of 31 megaprojects that are expected to yield more than 300 000 houses when completed. Unpacking the 2017/18 financial year’s budget vote for the department, MEC Paul Mashatile on Thursday said the department would... 

EPP continues to see organic, acquisitive growth opportunities in Poland

By: Megan van Wyngaardt     29th June 2017 Having followed an aggressive strategy and completing five acquisitions in the three months ended March 31, JSE-listed real estate investment trust (Reit) Echo Polska Properties (EPP) is set for strong distribution growth in the year ahead, having reported distributable income a share of €2.74... 

Govt will spend R1.8bn to increase university lodgings by 2020

By: Megan van Wyngaardt     27th June 2017 The Department of Higher Education and Training has allocated around R1.8-billion to increase the number of available beds at public universities by 28 690 by 2020. In response to a Parliamentary question by opposition party, the Democratic Alliance, Higher Education and Training Minister Dr... 

TNPA unveils R255m admin building at Ngqura

By: Megan van Wyngaardt     27th June 2017 State-owned Transnet National Ports Authority (TNPA) has unveiled a new R255-million administration building – eMendi – at the Port of Ngqura, in the Eastern Cape. Speaking at the unveiling, TNPA CEO Richard Vallihu said the 10 000 m2 building was named in reference to the SS Mendi troop ship... 

TNPA unveils R255m admin building at Ngqura

PwC Tower receives commendation in Fulton Awards

By: Megan van Wyngaardt     23rd June 2017 The PwC Tower, in Midrand, which is nearing completion, has received a commendation in the buildings greater than three storeys category at the 2017 biennial Fulton Awards, hosted by the Concrete Society of South Africa. The PwC Tower is the twenty-fourth tallest twisted building in the world and... 

Stenprop mulls London listing as it pursues UK prospects

By: Mia Breytenbach     23rd June 2017 Following the acquisition of a portfolio of 25 multilet industrial (MLI) properties in the UK earlier this month, JSE-listed property investment company Stenprop is  considering the merits of a conversion to real estate investment trust status, as well as a possible listing on the LSE. The... 

Stenprop mulls London listing as it pursues  UK prospects
Photo by Bloomberg
ATTRACTIVE MARKET Stenprop earlier this month announced the £130.5-million acquisition of a portfolio of multilet industrial (MLI) properties in the UK

Dipula CEO to head Reit association

By: Megan van Wyngaardt     21st June 2017 The South African Real Estate Investment Trust (SA Reit) Association has appointed Dipula Income Fund CEO Izak Petersen as its chairperson.   He has extensive experience in the financial services environment spanning investment banking, asset management and property.  With over R400-billion in... 

Dipula CEO to head Reit association
SA Reit Association chairperson Izak Petersen

Ngebulana to step down as Rebosis CEO in September

By: Megan van Wyngaardt     20th June 2017 JSE-listed property developer Rebosis’s recent acquisition of two dominant regional shopping malls and management companies from Billion Group has necessitated the company making some key leadership changes. The company on Tuesday noted that it had become imperative to have dedicated and... 

Ngebulana to step down as Rebosis CEO in September
Rebosis CEO Sisa Ngebulana

Sisulu adjusts social housing programme

By: Anine Kilian     19th June 2017 Human Settlements Minister Lindiwe Sisulu has approved adjustments made to the social housing programme. This comes after the launch of the Westgate social housing project in Pietermaritzburg, KwaZulu Natal, on Monday, which was officiated by President Jacob Zuma. 

Need for business to safeguard and support environmental protection initiatives

By: Simone Liedtke     16th June 2017 There is increasing pressure on businesses whose production processes produce waste to become more sustainable and support government’s efforts to safeguard the future of the environment by minimising their carbon footprint within their operations, says waste management company Interwaste group... 

Need for business to safeguard and support environmental protection initiatives
REWARDING BENEFITS By obtaining green accreditation, businesses are recognised and can be rewarded for the role they play in protecting the environment

Accelerate Property Fund reports strong FY performance, sees tough times ahead

By: Megan van Wyngaardt     14th June 2017 JSE-listed Accelerate Property Fund on Wednesday boasted strong financial results for the year ended March 31, with its year-on-year distribution per share up 7.3% to 57.75c apiece. Since listing in December 2013, its portfolio has grown from R5.5-billion, at a share price of R4.88 apiece, to... 

Accelerate Property Fund reports strong FY performance, sees tough times ahead
Accelerate CEO Andrew Costa

Attacq takes further steps to achieve Reit status

By: Megan van Wyngaardt     13th June 2017 JSE-listed property developer Attacq on Monday said it was adopting an income distribution strategy, aimed at taking it one step closer to gaining real estate investment trust (Reit) status, which includes the reduction of existing debt facilities using the proceeds from the disposal of its... 

Attacq takes further steps to achieve Reit status
Photo by Attacq
Attacq CEO Morne Wilken

Stor-Age maintains growth trajectory

By: Anine Kilian     13th June 2017 JSE-listed real estate investment trust Stor-Age increased its divided by 10% year-on-year to R88.05 in the year ended March 31 and is expecting 9% to 10% dividend growth in the current financial year. The company noted that its results were driven by a strong trading performance across the... 

SA retail Reit to actively pursue opportunity in Spain

By: Mia Breytenbach     9th June 2017 JSE-listed real estate investment trust (Reit) Vukile is actively evaluating opportunities in Spain to diversify its earnings stream and enhance its high-quality portfolio. During the company’s results presentation in Johannesburg last month, CEO Laurence Rapp noted that Vukile had a R1.5-billion... 

SA retail Reit to actively pursue opportunity in Spain
ACQUISITION ADDITION Vukile Property Fund acquired a 25% stake in the Springs Mall, in Gauteng, which opened in March

Stor-Age to acquire StorTown portfolio

By: Anine Kilian     8th June 2017 JSE-listed Stor-Age will acquire the Durban-based StorTown portfolio of self-storage assets from the DanCor Properties group, the self-storage real estate investment trust announced Thursday. The StorTown portfolio comprises four well-tenanted and geographically attractive properties in... 

New empowered property company to benefit those seeking BBBEE compliance

By: Anine Kilian     8th June 2017 New black-empowered property fund Izandla Property, which is sponsored by Investec Property (IP) and Investec Property Fund (IPF), was officially launched, in Johannesburg, on Thursday. Izandla Property’s majority shareholding is the Entrepreneurship Development Trust (EDT), a broad-based... 

Stenprop pursues UK prospects; mulls Reit status, LSE listing

By: Mia Breytenbach     8th June 2017 Following the acquisition of a portfolio of 25 multilet industrial (MLI) properties in the UK earlier this week, JSE-listed property investment company Stenprop is  considering the merits of a conversion to real estate investment trust status, as well as a possible listing on the LSE. The company... 

Stenprop pursues UK prospects; mulls Reit status, LSE listing

Construction costs in Johannesburg set to rise 7.5%

By: Megan van Wyngaardt     8th June 2017 Johannesburg has been ranked fourth among the top five global cities where construction costs will increase over the next year, with the cost of construction set to rise about 7.5% over 2017/18, against a global average of 3.5%, professional services company Turner & Townsend’s ‘International... 

Construction costs in Johannesburg set to rise 7.5%

Stenprop dabbles in UK industrial sector

By: Megan van Wyngaardt     7th June 2017 JSE-listed property investment company Stenprop will acquire 25 separate multilet industrial (MLI) properties, as well as the management business that has built up and managed the portfolio, C2 Capital, for a combined consideration of £130.5-million. The MLI portfolio is situated in or near... 

McDonald’s rolls out first revamped restaurant

By: Anine Kilian     7th June 2017 Food and beverage giant McDonald’s South Africa unveiled its first newly built, revamped restaurant at Stoneridge shopping centre, in Johannesburg on Wednesday. The R10-million flagship Stoneridge rebuild is the first of its kind in the fast food major’s Middle East and African markets. 

McDonald’s rolls out first revamped restaurant
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Company Announcements

more

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119 Close