Property loan stock company Alpina Investment has announced the acquisition of the Orion property portfolio for R225m as it continues to look for properties that will generate more money.
Capitalisation rates for commercial properties have maintained a declining trend over several quarters. This indicates an increase in market values.
Mr A Dinnie - Tel: 083 631-4409 - Fax: (011) 339-2727 - http://www.jhbproperty.co.za
The Constitution Hill development in Braamfontein, Johannesburg is on track and by early next year phase one of the R750-million Blue IQ project will be completed.
Five Joburg landmarks, including the Kine Centre and the Trust Bank Building, went for a song mostly to emerging businesses in a whirlwind auction this week.
Affordable rent is remaking Johannesburg's older suburbs into fashionable business districts.
Despite the oversupply of office space, rising vacancies and the well-publicised exodus from the CBD, Braamfontein is holding its own.
Spin-offs are expected to accelerate as government tackles urban regeneration projects, says a report.
SA's new Constitutional Court is to be housed at the site of the 19th-century Old Fort in Braamfontein
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