DELTA Property Fund CEO Sandile Nomvete says the cloud hanging over state leases needs to be resolved as it makes it difficult for black empowered companies to get new leases.

Delta Property Fund, a R2,1 billion property group and predominantly government-tenanted BEE company is to list on the JSE. The listing, scheduled for early next month, will follow a Nedbank Capital-led capital-raising exercise of R980 million. 

Delta Property Fund has announced its intention to list on the JSE before the end of the year, bringing to the market a R2.1bn property portfolio.

Unitholders of Fountainhead Property Trust will soon have the final say on the offer by Redefine Properties to acquire its R11 billion property portfolio.

Nedbank continues its commitment to the development of previously under-serviced areas, this time in partnership with Heriot Properties for a new 16 000m² shopping centre in Burgersfort, Limpopo

The results of Consulting Engineers South Africa’s (CESA) bi-annual Economic and Capacity Survey for the period January to June 2012 just released indicate that the industry is not firing on all cylinders while they eagerly await Government’s planned Infrastructure Programme rollout

The Property Sector Charter Council is pleased to announce the recent gazetting of the Property Sector Charter as a Sector Code on Black Economic Empowerment in terms of Section 9(1) of the Broad Based Black Economic Empowerment Act (Act 53 of 2003).

The Property Sector Code applies to all businesses and organisations involved in commercial and residential property. Commercial property includes office, industrial, retail and leisure property as well as land zoned for commercial development. Residential property includes houses, community schemes and land zoned for residential development

Indian and Russian investors have purchased the balance of the Vista Park suburb of Bloemfontein and will shortly be installing the last of the services for phase 4 in a move that is punted as creating 'an ideal new South Africa suburb'. A vaiety of business and community opportunities also present themselves to investors

A Black Economic Empowerment (BEE) consortium led by co-founders and managers of Dipula Income Fund, Mergence and Dijalo, with broad-based partners, will buy 47% of Dipula B-units in issue from Redefine Properties

BEE management consortium buys 50 million Dipula Income Fund B-units from Redefine Properties Limited