eProperty News

Attacq Limited (“Attacq”), the leading JSE-listed REIT, with a high-quality portfolio of commercial assets comprising office and mixed-use, retail, light industrials and hotel spaces valued at R20.4 billion as at 30 June 2020, has experienced continued positive leasing activity despite lockdown operating conditions.

After the five aggressive repo rate cuts last year that dropped the prime lending rate to a historic low of 7%, homeowners and aspirant buyers have been holding their breath, waiting for the pendulum to swing the other way in 2021.

On the 31st of March, SAIBPP is launching SAIBPP Connect, an online platform geared towards transformation, supporting entrepreneurship, and providing the space for established property practitioners to network with smaller developers and entrepreneurs.

A 11 000 sqm specialised surgical hospital development by Growthpoint Properties (JSE: GRT) and Cintocare has opened in Pretoria, Gauteng, to become the first 5-star rated green hospital in Africa, and only the fifth in the world with its specialised surgical mix and clinical business model.

Serviced office space provider The Business Exchange (TBE), in partnership with Maxcity Properties, the largest and most established real estate company in Mauritius, today launched an exciting new opportunity, offering investors the unique chance to own offshore property in Mauritius, a Dollar-based country.

Absa Bank has partnered with Amdec Group, South Africa’s leading developer of new urban precincts, to develop the first tower of the multi-billion rand Harbour Arch project on the Foreshore in Cape Town.

Concor has successfully completed South Africa’s second Radisson Red hotel – this one is situated in the vibrant Oxford Parks mixed-use precinct in Rosebank, Johannesburg.

Vaal Mall has received a PMR Diamond Arrow Award for doing the most in its sector to stimulate economic growth and development in the Sedibeng area over the past year. Vaal Mall was voted the area’s Best Shopping Centre for the sixth consecutive year.

What was once three apartment blocks managed through a family-owned trust in downtown Bloemfontein, is planned to become innovative shared accommodation catering for up to 300 residents to help meet the increasing demand for cost-effective, secure, and multi-purpose living in one of South Africa’s rapidly growing student towns.

With South Africa’s inflation rate below the lower limit of the inflation target at 2.9%, and local inflationary expectations remaining well-anchored, it was expected that the Monetary Policy Committee would keep the repo rate unchanged, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

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