Paardevlei Properties sells land to the City of Cape Town for R400m
Paardevlei Properties sells land to the City of Cape Town for R400m.
Aggressive business strategy of Shanghai Zendai Property results in high execution challenges
Aggressive business strategy of Shanghai Zendai Property 'has resulted in high execution challenges', says Moody's.
Commission approves sale of Modderfontein property to Shanghai Zendai
Sale of the Heartland property by AECI to Chinese property developer Shanghai Zendai has been approved by the Competition Commission, but with a condition.
Gauteng premier Nomvula Mokonyane welcomes Chinese deal
Gauteng premier Nomvula Mokonyane welcomes a multi-billion rand deal with a Chinese firm to turn property in Modderfontein into a business hub.
AECI rises 2.1% as it receives R1bn land sale payment guarantee
AECI shares close near record high‚ after announcing it has received a payment guarantee for the sale of land to Shanghai Zendai Property.
AECI sells 1600 hectares of land to Hong Kong firm for R1bn
AECI says it has reached an agreement with the Hong Kong-listed Shanghai Zendai to sell its surplus property assets in Gauteng for just over R1bn.
Where to from here?
South Africa’s R105bn listed property sector finds itself in somewhat of a catch-22 situation. On the one hand it wants to attract meaningful foreign investment; on the other it hardly has enough scrip to satisfy local demand
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