eProperty News

Never heard of Occupational Rent, or unsure of its purpose in your property sales contract?

Concor has been awarded the contract to construct the new Ikusasa office block at Oxford Parks in Rosebank. Work started on the building, which will house Anglo Global Shared Services (AGSS), at the beginning of March 2021 and is scheduled for completion in January 2022.

Looking to broaden their hospitality offering into South Africa, WINK Aparthotels, part of Flyt Property Investment group, a property development and investment team, has been acquired by Afrirent Holdings (Pty) Ltd a Level-1BEE 100% black, female- owned company, via its subsidiary  Indalo Hotels and Leisure, effective 1 May 2021.

Investec Property Fund, (“IPF”, or “the Fund”) today announced a resilient set of results, with the full year reflecting the impact of the COVID-19 pandemic which brought with it unprecedented socio-economic and market conditions, economic weakness and uncertainty in the business environment.

Fairvest Property Holdings Limited (“Fairvest”) today announced that it had concluded agreements with shareholders of Arrowhead Properties Limited (“Arrowhead”) to acquire 50,1% of Arrowhead B shares through the issue of new Fairvest shares at a swap ratio of 1.85 Fairvest shares per Arrowhead B share.

Despite less than 300km separating the Eastern Cape cities of East London from Gqeberha (formally Port Elizabeth), the contrast in the residential rental property market could not be more significant.

The residential property market continues to strengthen, as interest rates remain at record-low levels after a year in which the repo rate remained below 4%, says Carl Coetzee, CEO of BetterBond.

Attacq, the JSE-listed owner and developer of an award‐winning property portfolio, is delighted to announce that FNB Commercial Banking is the latest financial services business to make Waterfall City its new home.

JSE-listed diversified real estate investment trust Redefine Properties, has reported a lower distributable income per share of 26.2c for the interim period to 28 February 2021, driven principally by the impact of Covid-19 on the property sector and broader economy.

JSE listed Balwin Properties, a developer that cares about environmentally responsible building practices and the delivery of high-quality apartments to its valued clients, reported continued strong demand for its unique lifestyle apartments despite losing three months’ construction time to Covid restrictions during the financial year ended 28 February 2021. 

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