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The National Home Builders Registration Council’s (NHBRC) Disciplinary Committee has imposed a fine of R1.6 million on a developer after failing to enrol residential units which were under construction at Elarduspark in Gauteng.
Two key infrastructure projects – a 288 unit residential facility and the complete rebuild of the electricity substation – have been completed at the University of Zululand’s main KwaDlangezwa Campus.
Earth-moving equipment giant, Komatsu, has partnered with Investec Property to consolidate its head office operations, warehouse and distribution centres as well as its workshops and remanufacturing facilities into one centralised property.
Despite rapid globalisation with investment funds flowing across borders and money pouring into constructed assets, the construction profession has until now, lacked a common language and framework for classifying and reporting construction costs.
Landmark property development projects from Atterbury, the leading South African property developer and investor, once again featured heavily among the winners of the coveted South African Property Owners Association (SAPOA) Awards in 2017.
It is official. Century City Square, the new all-green commercial and hospitality hub of Century City, is South Africa’s top mixed use development.
In the wake of the heartbreaking fire tragedy, which in the Knysna Municipality alone saw not only the loss of life but some 739 homes either totally destroyed and a further 280 damaged, (source Knysna Municipality Fire Disaster Damage).
Stuart Chait, Executive Chairman of Land Equity, a South African based privately held property investment, development and private equity company, has called on government to back Black Economic Empowered (BEE) property developers by making access to funding easier.
National property developer FWJK Developments has secured the rights to develop a new 70 000m2 sectional title P-Grade office skyscraper in the Sandton CDB to the tune of R2bn according to Rhys Rocke, regional director of FWJK.
Kindlewood and Izinga – two ground breaking residential developments to the north of Durban – are sold out, according to Mondli Msani, Development Manager of Tongaat Hulett Developments.