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Property News

Drones offer inspection and maintenance benefits for built environment

By: Dylan Slater     16th February 2018 Remotely piloted aircraft systems (RPASes) offer a cost-effective and safe mechanism, with significant benefits, for the built environment sector, especially in terms of inspection and maintenance, according to enterprise applications company Softworx MD Jane Thomson.  

Emira returns to positive distribution in H1

By: Megan van Wyngaardt     14th February 2018 South African real estate investment trust (Reit) Emira Property Fund on Wednesday declared an interim dividend of 70.65c a share for the six months ended December 31 - a 2.5% year-on-year increase. The fund returned to positive distribution growth in the period owing to the significant leasing... 

City of Cape Town announces winning bidder for foreshore redevelopment

By: African News Agency      12th February 2018 The City of Cape Town on Monday announced that Mitchell Du Plessis Associates (MDA) have been chosen as the winning bid for the redevelopment of the Foreshore Freeway Precinct, which includes completing the unfinished flyover that has marked the city's skyline for more than 40 years. The City... 

Accenture breaks ground on new building in Waterfall

By: Simone Liedtke     8th February 2018 Construction has started on the new Southern African offices of global professional services company Accenture, which will be relocating from its current offices in Woodmead to a 3 875 m² facility, in Waterfall City, in December, as part of its Africa expansion strategy. Waterfall commercial... 

Local Reits achieve double-digit growth for second consecutive year

By: Megan van Wyngaardt     6th February 2018 The FTSE/JSE South African Listed Property Index (Sapy) achieved total returns of 17.2% in 2017, building on its performance of returns of 10.2% in 2016, to deliver double-digit growth to investors for the second year in a row. Last year, listed property outshone cash, which delivered returns of... 

Turner & Townsend’s Kenyan business to merge with Nairobi-based firm

By: Dylan Slater     6th February 2018 Global project management consultancy Turner & Townsend’s Kenyan business will merge with Nairobi-based project management firm Mentor Management Limited (MML), after Turner & Townsend acquired a majority stake in MML from growth markets investor Actis.  

Underground mining division to drive more than 20% uptick in M&R's interim earnings

By: Megan van Wyngaardt     2nd February 2018 JSE-listed Murray & Roberts (M&R) expects to have achieved at least a 20% year-on-year improvement in its diluted and basic earnings per share and headline earnings per share for the is months to December 31. The uptick in results is attributed to its underground mining division, which is... 

PPC Imaginarium Awards takes over prestigious Des Baker Award

By: Megan van Wyngaardt     2nd February 2018 Architecture schools in South Africa have been invited to send in submissions for the first PPC Imaginarium Awards for Architecture, being held on May 3, at 012Central, Pretoria. Following the same format of the esteemed Des Baker Award for outstanding architectural design by students, which has... 

Construction expo brings new opportunities to KwaZulu-Natal

2nd February 2018 The second annual KZN Construction Expo will gather thousands of construction professionals, government officials and investors to support infrastructure development, service delivery, and the development partnerships and industry transformation currently underway in the province. KwaZulu-Natal... 

Construction expo  brings new opportunities to KwaZulu-Natal
Photo by Duane Daws
INFRASTRUCTURE DEVELOPMENT Round table discussions will focus on enabling public-private sector collaboration to achieve KwaZulu-Natal’s development milestones for infrastructure

Hotels urged to capitalise on sharing economy

By: Schalk Burger     2nd February 2018 The hospitality industry is facing strenuous competition from short-term rental services provided through the Internet, such as those provided by Airbnb, so hoteliers should see how they can join in, says renowned Swiss hospitality management school Ecole hôteliere de Lausanne senior lecturer... 

Stenprop appoints broker to assist with London listing

By: Megan van Wyngaardt     22nd January 2018 To assist in implementing its proposed LSE listing, JSE-listed Stenprop has appointed Numis Securities to act as its broker. Numis Securities will be acting as financial adviser on the proposed move from the Bermuda Stock Exchange to the SFS of the LSE. 

Hammerhead benefits in replacing Gauteng’s ageing pipelines

19th January 2018 Aging water infrastructure in cities throughout Gauteng is leading to a loss of millions of litres of potable water, while sewerage leaks silently contaminate the province’s waterways and ground water. With thousands of pipelines already well over the 50-year mark and equally many over 100 years... 

Hammerhead benefits  in replacing Gauteng’s  ageing pipelines
URBANITE The Hammerhead pipe-bursting solution allows crews to work in confined and heavily built-up areas

New report names WBHO’s Australian unit the country’s ‘most active’ construction firm

By: Irma Venter     19th January 2018 Wilson Bayly Holmes-Ovcon’s (WBHO’s) Australian subsidiary, Probuild, has been named the most active construction company in the country by the Australian Housing Industry Association Construction 100 Report. Probuild has jumped from fifth place last year to top spot, in terms of work procured. 

Sapoa concerned about funding Cape Town water projects

By: Anine Kilian     15th January 2018 The South African Property Owners Association (Sapoa) is concerned that the City of Cape Town is not receiving the necessary income needed to fund projects for emergency water supply augmentation projects that were launched in mid-2017. The city proposed to raise the funding through the... 

EPP closes the first tranche of the M1 portfolio acquisition

By: Anine Kilian     9th January 2018 Property development company Echo Polska Properties (EPP) has closed the €358.7-million first tranche of its acquisition of the Poland-based M1 portfolio. The company in December announced that it would acquire the portfolio, which comprises 12 shopping centres and retail parks, for €692-million. 

JSE gains yet another Reit as Castleview Property Fund lists

By: Megan van Wyngaardt     21st December 2017 The Johannesburg Stock Exchange (JSE) on Thursday gained another real estate investment trust (Reit) under its AltX board, when Castleview Property Fund listed on its Retail Reits sector Castleview is now the twentieth company to list on the JSE this year. JSE capital markets director Donna Nemer... 

JSE gains yet another Reit as Castleview Property Fund lists

Sanitaryware manufacturer on marketing road trip

By: Nadine James     15th December 2017 Sanitary ware manufacturer Grohe Dawn Watertech Holdings (GDWT) – which recently became a wholly-owned subsidiary of Japanese housing equipment company LIXIL Corporation – has embarked on a national tour to familiarise South African contractors, developers and aspiring do-it-yourself enthusiasts... 

Sanitaryware manufacturer on marketing road trip
KEEP ON TRUCKING The newly built African Pro Tour Truck is in Bloemfontein and will be traveling to Cape Town in the new year

Maintenance, construction projects along N1/N4 slated for 2018

By: Simone Liedtke     15th December 2017 The South African National Roads Agency Limited (Sanral) and private concessionaire the Bakwena Platinum Corridor Concessionaire will conduct several maintenance and construction projects along the South African N1/N4 toll road, in Gauteng and Limpopo, in 2018. 

Maintenance, construction projects  along N1/N4 slated for 2018
Photo by Duane Daws
INCREASING CAPACITY Bakwena has installed two pivots, each valued at about R2.4-million, at both the Doornpoort and Pumulani toll plazas

Assistance in overcoming bridge challenges

By: Simone Liedtke     15th December 2017 Industrial rope access specialist Skyriders Access Specialists installed temporary access platforms to allow for critical routine maintenance on the Crocodile river bridge, in Mbombela, Mpumalanga. 

Assistance in overcoming bridge challenges
ABSEILING FOR ACCESS Technicians had to deploy rope access to abseil from a structure to erect the access platforms

Balancing rules, safety and certification will be key to drone industry success

By: Dylan Slater     15th December 2017 The regulations and laws governing access to South African air space for remotely piloted aircraft systems (RPAS) are sound and among the “best in the world”, according to Edenvale-based commercial drone operator Visual Air Productions director Stephen Verheul.  

Balancing rules, safety and certification will be key to drone industry success

Green building improvements needed to meet Paris agreement

By: Megan van Wyngaardt     15th December 2017 The energy intensity per square metre of buildings need to improve by 30% by 2030 to keep the Paris Agreement on track, the Global Alliance for Buildings and Construction’s ‘Global Status Report 2017’ has revealed. The report, released on Monday, found that total floor area reached an estimated... 

Novare opens two new malls in sub-Saharan Africa

By: Megan van Wyngaardt     15th December 2017 Private equity fund Novare Fund Manager, which invests in retail and commercial real estate in sub-Saharan Africa, excluding South Africa, opened over 34 000 m2 of prime retail space over the last two weeks in Nigeria and Mozambique. Novare Gateway – a modern lifestyle centre of 15 000 m2... 

Echo Polska posts another set of strong results

By: Megan van Wyngaardt     14th December 2017 JSE-listed Echo Polska Properties (EPP) has posted growth in distributable earnings to €59.2-million and a distribution per share of €0.8 for the nine months ended September 30. CEO Hadley Dean said during a presentation on Thursday that the company was pleased with another robust performance,... 

Inkunzi making headway in student accommodation 

14th December 2017 Real estate investment trust Inkunzi Student Accommodation Fund, which listed on the JSE in November, will acquire nine purpose-built, student accommodation assets valued at R1.7-billion. Anine Kilian has the story. 

Inkunzi making headway in student accommodation
Inkunzi making headway in student accommodation

Size of new mall developments increasing despite saturation being at 88% – MSCI

By: Schalk Burger     13th December 2017 The average size of shopping centres has steadily increased since the 1990s, with centres slated for completion between this year and 2020 being significantly larger than those developed during the 1990s and 2000s, a study by Morgan Stanley Capital International (MSCI) Real Estate South Africa on... 

Knysna rental company acquires high-quality TLB

By: Marleny Arnoldi     8th December 2017 The downside of unreliable plant hire equipment is two-fold; for the end-user, unplanned downtime translates into project delays, while for the plant hire company, faulty gear translates to foregone profits and a tarnished reputation, says George-based equipment distributor Carlu Tractors.  

Knysna rental company acquires high-quality TLB
POWER LIFTING With a 1.6 t breakout force, the Kubota L45 has a lifting capacity of 1 t at a maximum lifting height of 2.8 m

Business park to be redeveloped as mixed-use precinct – Atterbury

By: Schalk Burger     7th December 2017 Earthmoving equipment and logistics multinational Barloworld has partnered with property development firm Atterbury and investment finance house African Rainbow Capital – as co-investors – to redevelop the Sandton-based Barlow Park Campus into a 130 000 m2 mixed-use precinct. The property is... 

Business park to be redeveloped as mixed-use precinct – Atterbury
An artist's impression of the mixed-use Barlow Park precinct to be developed

Afrimat construction index reveals quarterly improvement

By: Dylan Slater     7th December 2017 Construction activity in South Africa improved quarter-on-quarter from Q2 to Q3, according to material building company Afrimat’s Construction Index (ACI)  

Vukile continues to grow Spain retail portfolio

By: Schalk Burger     6th December 2017 JSE-listed retail property trading company Vukile Property Fund added two Spanish retail parks, worth about €65-million, to its portfolio of 11 other Spanish retail parks. CEO Laurence Rapp said in a note on Wednesday that the total value of the Spanish portfolio was about €290-million. Vukile’s... 

Polish retail portfolio offers expansion opportunities for EPP

By: Anine Kilian     4th December 2017 A portfolio of 12 retail properties in Poland being acquired by JSE-listed Echo Polska Properties (EPP), offers “substantial” expansion opportunities, says EPP CEO Hadley Dean. EPP in October announced that it would acquire the 12 properties, which includes eight shopping centres and four retail... 

Focus on environmental services boosts project sustainability

By: Simone Liedtke     1st December 2017 Applying focused environmental services at every phase of any project ensures that opportunities to incorporate social and environmental aspects into the engineering design are flagged, which boosts the overall sustainability of the project, explains consulting engineering and project... 

Focus on environmental services  boosts project sustainability
SUSTAINABILITY REQUIREMENTS Sustainability requires the optimisation of environmental, social and economic outcomes

Green consciousness continues to drive green building trends

By: Simone Liedtke     1st December 2017 Increasing pressure on the built environment to address inadequate energy resources, carbon reduction targets and tightening building energy efficiency standards, continues to drive green building trends in South Africa, states multidisciplinary engineering consultancy WSP Africa sustainability... 

Green consciousness continues to drive green building trends
GREG RICE Businesses and citizens have recently become more conscious of the importance of resilience and resource scarcity

Waterfall City development for Deloitte Africa HQ kicks off

By: Natasha Odendaal     27th November 2017 Construction has started on Deloitte Africa’s new headquarters, which will consolidate the current Woodmead and Pretoria offices into a single central location at Waterfall City. Developers Atterbury Property and Attacq expect to complete the 42 500 m2 ultra‐modern offices in the first quarter of... 

Steel Awards 2017 confirms LSFB growth

24th November 2017 This year’s annual Steel Awards, hosted by the Southern African Institute of Steel Construction, showed excellent growth for the South African light steel frame building (LSFB) industry, with more than 25 000 m2 represented in category entries. The awards, which took place on September 13, saw 19... 

Steel Awards 2017  confirms LSFB growth
SUMMIT PLACE The Assupol Building, the 11-storey winning office block in the Summit Place development

New Diepsloot mall opened to address access to community-specific retail requirements

By: Dylan Slater     23rd November 2017 A new 18 000 m² single-level semi-enclosed shopping mall in Diepsloot West, Gauteng, opened to the public on Thursday. 

New Diepsloot mall opened to address access to community-specific retail requirements
An artists illustration of how the Bambanani Shopping Mall will look in Diepsloot

Arrowhead posts 6% dividend growth for FY17, downgrades 2018 forecast

By: Natasha Odendaal     22nd November 2017 JSE-listed real estate investment trust (Reit) Arrowhead Properties on Wednesday posted a 6.02% growth in dividend to 87.52c a share for the financial year ended September 30, in line with its forecast. However, Arrowhead is forecasting a 6.5% reduction in dividend growth for the 2018 financial... 

Tongaat Hulett Developments sets out to attract more investment to KwaZulu-Natal

By: Megan van Wyngaardt     21st November 2017 Chris du Toit has been appointed commercial head at Tongaat Hulett Developments, effective November 1. He aims to attract more companies to the City of Durban, which currently contributes 14% to the country’s gross domestic product. 

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