The Futuregrowth Community Property Fund (“Comprop”) has acquired Boitekong Mall, which brings the Comprop portfolio to 25 shopping centres, with a total gross lettable area of more than 438 000m2, valued in excess of R8 billion.

Out of SA's total university student population of about 535,000, less than 20% of students can be housed on university campuses.

On behalf of its clients, Futuregrowth's Development Equity Fund, has purchased a 12.5% equity stake in Johannesburg urban renewal property group TUHF (Pty) Ltd for R25m which will boost affordable housing in Johannesburg CBD. TUHF provides commercial property finance to emerging and established entrepreneurs to purchase and refurbish affordable rental housing residential buildings in the inner cities of  Gauteng, Durban, Pietermaritzburg, Port Elizabeth and surrounding areas

A turnaround in retail development is leaving traditional small towns out in the cold.

Futuregrowth has a further 10 centres in the pipeline.

Construction of an integrated R450m business and housing project, creating a new central business district (CBD) in Khayelitsha, is expected to start next month.

CAPE TOWN A R300m business development in Khayelitsha, one of the single largest township developments in SA , has been approved by Cape Town as part of a major urban renewal project in the area.