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Property News

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. 

Growthpoint says spends R85m in furniture retail park revamp

By: African News Agency      20th November 2017 South African property group Growthpoint said on Monday it had revamped an ageing retail warehousing entity in the plush district of Sandton, at a cost of R85-million. The company said in a statement the year-long upgrade and expansion project had modernised the retail park and increased its size... 

Accelerate ends half-year on strong note, acquires Poland portfolio

By: Megan van Wyngaardt     20th November 2017 Despite the uncertain macroeconomic and political environment, the value of Accelerate Property Fund’s property portfolio increased by 30% year-on-year to R11.8-billion in the six months ended September 30, resulting in a total gross lettable area (GLA) of 637 577 m², it said on Monday. The... 

Accelerate ends half-year on strong note, acquires Poland portfolio

Continued apartment demand supports Balwin’s top-line growth in H1

By: Mia Breytenbach     20th November 2017 Despite a tough operating environment, residential property developer Balwin Properties continued to perform well in the six months ended August 31, with the group’s revenue up 19% year-on-year to R894-million. The increase was driven by good sales volumes, which were in line with forecasts,... 

Continued apartment demand supports Balwin’s top-line growth in H1
Balwin Properties CEO Steve Brookes

Building pipeline in Aus sees Probuild contribute 60% of WBHO revenue

By: Irma Venter     17th November 2017 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. 

Building pipeline in Aus sees Probuild contribute 60% of WBHO revenue
The Towers and Ritz Carlton

Construction company awarded R10m residential development contract

By: Simone Liedtke     17th November 2017 Construction company Motheo Infrastructure Contractors will use equipment – such as motor graders, 30 t excavators, compaction equipment and tipper trucks – to the value of about R10-million for its infrastructure contract at the South Hills integrated residential development in Johannesburg,... 

Construction company awarded R10m residential development contract
ARCHIE RUTHERFORD The South Hills project will have a positive impact on the local community

Landmark projects help Esor to improve performance in tough market

By: Dylan Slater     17th November 2017 Despite challenging market conditions and a deteriorating market environment for the six months ended August 31, JSE-listed civils and construction group Esor recorded a “significant improvement” in its finances, with profit before tax of R3.1-million, compared with a loss recorded in February.... 

Growthpoint makes operational management changes

15th November 2017 Owing to a revised operational management structure, JSE-listed Growthpoint CEO Norbert Sasse will become group CEO, from March 1, 2018. Sasse’s primary focus will be on the strategic direction of the group, aligned with Growthpoint’s internationalisation strategy, and overseeing and representing... 

Dipula weathers ‘tough’ economic conditions to post 5.8% y/y growth in FY dividends

By: Megan van Wyngaardt     15th November 2017 JSE-listed diversified real estate investment trust (Reit) Dipula Income Fund has “overcome tough macroeconomic conditions” to post a 5.8% increase in combined dividends a share for the financial year ended August 31, driven entirely by organic growth. The Reit’s revenue edged over the... 

Gemgrow delivers maiden FY dividend under revamped property portfolio

By: Natasha Odendaal     15th November 2017 JSE-listed Gemgrow Properties has declared a full-year dividend, exceeding its earlier forecasts, of 73.51c for each B share and 101.87c for each A share as the real estate investment trust (Reit) delivered its maiden full-year results with a reconstituted property portfolio. The Reit, previously... 

New acquisition boosts Dipula’s portfolio value to R8.5bn

By: Natasha Odendaal     10th November 2017 JSE-listed real estate investment trust Dipula Income Fund plans to acquire a mixed portfolio from an undisclosed seller for R1.27-billion. The portfolio comprises two retail properties in Gauteng, namely Chilli Lane and Chilli on Top, boasting an aggregate 18 433 m² of space; five office... 

New council announced by architectural body

By: Dylan Slater     10th November 2017 The South African Council for the Landscape Architectural Profession (Saclap) recently annouced its new four-year council, as appointed by Department of Public Works Minister Nathi Nhleko. Council members will serve a four year term of office from September 1, 2017, to August 31, 2021.  

Telkom appoints CEO of property management unit

By: Megan van Wyngaardt     9th November 2017 Telecommunications group Telkom has appointed Lesiba Maloba as CEO of its property management business unit, Gyro Group, from November 13. Gyro was established on April 1 to unlock value by commercialising the Telkom property portfolio, extracting value from excess building capacity and... 

Rebosis’ portfolio expands by 45.3% in FY17

By: Anine Kilian     9th November 2017 JSE-listed Rebosis Property Fund grew its portfolio by 45.3% to R18.82-billion in the financial year ended August 31. The growth is attributed to the acquisitions of the Baywest Mall and Forest Hill City shopping centres. 

Indluplace delivers on FY targets

By: Anine Kilian     8th November 2017 Despite tough market conditions, JSE-listed real estate investment trust (Reit) Indluplace Properties had a “very good year” in the 12 months to September 30, with CEO Carel de Wit stating that the company had grown its diversified portfolio and proved to be a significant player in the provision... 

Redefine expands Poland portfolio

By: Natasha Odendaal     6th November 2017 As JSE-listed Redefine Properties implements several small incremental adjustments to withstand the current economic headwinds, the real estate investment trust (Reit) is in the midst of concluding a strategic acquisition that will expand its international footprint further. Redefine will buy a... 

Redefine FY17 distribution up 7% y/y

By: Natasha Odendaal     6th November 2017 JSE-listed real estate investment trust (Reit) Redefine Properties on Monday posted a full-year distribution of 92c a share for the year ended August 31, representing year-on-year growth of 7%. The group’s distributable income in rand terms increased by 22.2% to R4.8-billion during the year under... 

Redefine FY17 distribution up 7% y/y
Redefine CEO Andrew Konig

Equipment supplier provides spare-part warehousing solution

By: Nica Schreuder     3rd November 2017 Owing to increasing demand for improved quality and the availability of production operations, metallurgical plant and equipment supplier SMS group provides consignment stock or warehousing facilities for their operational and insurance spare parts and components. “The service enables customers... 

Equipment supplier provides spare-part warehousing solution
Photo by Duane Daws
SPARE PART GUARANTEE A constant supply of spare parts for clients will reduce downtime

Company completes second sustainable storage project

3rd November 2017 Self-storage solutions company Stor-Age earlier this year installed a complete solar photovoltaic (PV) system for the generation of its three-phase power requirements at its Tokai store in the Western Cape. This is the second store in Stor-Age’s portfolio to be fitted with PV panels, and forms... 

Company completes second sustainable storage project
Photo by Bloomberg
SUSTAINABLE STORAGE Stor-Age aims to create sustainable infrastructure with minimal damage to the environment

Logistics property fund seeking development opportunities in South Africa, UK

By: Mia Breytenbach     3rd November 2017 JSE-listed specialist logistics property developer and landlord Equites Property Fund, which has a R1.3-billion development pipeline in progress, is pursuing various development opportunities, in South Africa and in the UK. Equites’ local growth strategy is focused on the development of... 

Logistics property fund seeking development  opportunities in South Africa, UK
LET PORTFOLIO Equites Property Fund has completed the 28 527 m2 distribution centre and head office for Röhlig-Grindrod, in Meadowview, which is being let on a ten-year lease

New Bloemfontein student residence to open its doors in January

By: Creamer Media Reporter      2nd November 2017 A R120-million, 469-bed student accommodation development built by Respublica Student Living Fund, in Bloemfontein, will be ready for occupation in January 2018.   The residence includes 58 apartments, each with eight single rooms, two bathrooms, a lounge/dining area and communal kitchen. The... 

New Bloemfontein student residence to open its doors in January

Lanseria to be site of new airport city development

By: Keith Campbell     31st October 2017 Gauteng Premier David Makhura has highlighted the importance of Lanseria International Airport, and planned projects around it, for the development of the north-west quarter of the province. He was delivering the keynote address at the official opening of the new Control Tower and Fire Station... 

Octodec delivers muted FY17 results

By: Natasha Odendaal     31st October 2017 JSE-listed real estate investment trust (Reit) Octodec Investments on Tuesday posted a muted 0.8% growth in distribution for the 2017 financial year, in part owing to a sluggish economy and a more difficult second half. Despite a strong start in the first half of the year, a weak second half... 

Weak demand impacts on industrial property, office rentals – Rode

By: Anine Kilian     30th October 2017 A lack of vigour may be the best way to describe the current performance across the full spectrum of property in South Africa, says property economist Erwin Rode. In the industrial property sector, contractions in spending on durable goods are impacting on the demand for locally manufactured... 

First student accommodation-focused Reit to list on JSE

By: Anine Kilian     25th October 2017 Real estate investment trust (Reit) Inkunzi Student Accommodation Fund (Isaf), which will list on the JSE in November, will acquire nine purpose-built, student accommodation assets valued at R1.7-billion. The acquisition will be settled through a combination of debt financing, at 25% of the... 

First student accommodation-focused Reit to list on JSE

Calgro M3 secures R387m in funding

By: Creamer Media Reporter      25th October 2017 Housing developer Calgro M3 has secured its first international funding – a R387-million facility – that will be used to help fund the delivery of the group’s low-income housing units in its secured pipeline in priority urban development areas. Calgro M3’s current pipeline stands at... 

Attacq appoints interim CEO

24th October 2017 JSE-listed Attacq has appointed Melt Hamman, its current CFO, to also serve as interim CEO when Morne Wilken steps down on December 31. Hamman will hold the position of interim CEO until a new CEO is appointed. 

Construction companies warned on compliance

By: African News Agency      20th October 2017 Labour Minister Mildred Oliphant has warned construction companies to comply with South Africa’s labour laws or face being shut down. Oliphant’s warning came after she visited a construction site where 400 housing units were being built in Rustenburg, North West. 

Company expands African footprint to pursue major projects

By: Robyn Wilkinson     20th October 2017 Despite slowing economic growth, political challenges and associated declining investor confidence in many parts of Africa, global project management consultancy Turner & Townsend continues to strengthen its network on the continent as it pursues major projects in mining, oil and gas,... 

Company expands African footprint to pursue major projects
STRATEGIC BASE With several of Turner & Townsend’s multinational clients based in Nairobi, the city was an obvious choice for the location of a new hub

BAIC implementing catch-up strategy to meet 2018 Coega deadline

By: Dylan Slater     20th October 2017 China-based vehicle manufacturer Beijing Automotive Group (BAIC), is accelerating some of its construction plans for its vehicle manufacturing plant, currently under construction at the Port Elizabeth-based Coega Industrial Development Zone, to catch up on delays incurred owing to primarily... 

BAIC implementing catch-up strategy to meet 2018 Coega deadline
PORT ELIZABETH FACTORY In the foreground of the newly completed steel superstructure are BAIC vehicles that will be available in South Africa once production reaches full capacity

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