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Broll East Africa has appointed two executives to Head Research and Occupier Services in the region.
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.
Sun City still ranks as one of the best holiday destinations amongst South Africans, with the resort receiving yet another award for Best Holiday Resort, this time as voted for by the readers of Pretoria News.
Durban’s Point precinct is been transformed into a property market paradise, with upgraded roads and waterways leading to upmarket apartment blocks.
The success of Century City continues with billions of rands of new residential, commercial and hospitality projects rapidly rising out of the ground.
Hospitality is the only Specialised Real Estate Investment Trust (“REIT”) listed on the JSE that offers investors a unique investment vehicle in the hospitality sector through the ownership of a portfolio of hotel and leisure properties.
Redefine BDL plans to have 100 hotels in its management portfolio in 2 years' time strengthening its position as the largest hotel manager in the UK.
Following two years of strong double digit growth, the national 2014 year to date average RevPAR growth as at the end of September 2014 is 8.3% compared to the same period last year.
Over the past 20 years, the tourism sector's contribution to South Africa's gross domestic product (GDP) has increased significantly with an average annual average real growth rate of 7.3 percent (Source Stats SA), creating jobs and generating valuable foreign currency.
Dubai's Emaar says its net profit soared 55% in the first quarter on a yearly basis due to surging real estate sales and rising retail revenues.