The upgrade of the busy Shoprite building in the heart of the Tshwane CBD shows a new confidence in the inner cities of Gauteng.

Emira Property Fund has proposed a general offer to Transcend Residential Property Fund shareholders to acquire all the shares in Transcend that Emira doesn’t already own.

Richmond Park is a hive of construction activity with four landmark developments in progress and more on the way, reports leading South African property developer and investor Atterbury, which is developing the multibillion Rand Richmond Park for the property’s shareholders.

Emira Property Fund has relaunched its Springfield Retail Centre in Durban, KwaZulu-Natal, a year after the centre was damaged by arson in the widespread looting and devastation of July 2021.

Despite the harsh economic and social climate, the longer-term trend in trading densities (sales per square metre) in more than 100 shopping centres in South Africa and Namibia shows a clear improvement since the 2020/21 Covid-induced downturn in performance. 

Truworths’ new world-class Western Cape distribution centre will be built in King Air Industria Cape Town, an Atterbury Property and Old Mutual Properties development.

Growthpoint Properties is piloting a 4.5MW battery system at Paarl Mall in the Western Cape to store electricity for its continuous, cost-efficient power supply.

The City’s Mayoral Committee Member for Economic Growth, Alderman James Vos, held an engagement this week with the Greater Tygerberg Partnership (GTP) where he announced the City government’s continued cooperation with the development facilitation agency for socio-economic development in the greater Tygerberg area. 

Emira Property Fund announced growth in distributable earnings of 3.8% and a 1.0% increase in its cash-backed dividend of 119.79cps for the year to 30 June 2022. 

GEORGE MUCHANYA has been appointed Head of Growthpoint Investment Partners, the Growthpoint Properties (JSE: GRT) alternative real estate co-investment business, effective from 1 July 2022.