While Statistics SA reports that building plans for close to one-million m2 of new retail space were passed between January and November last year, indications are that new developments could slow

Demand for industrial property has increased dramatically in recent times on the back of a buoyant economy. The tremendous shortage of factories and warehouses, old or new, has led to rising land prices and rentals unlike anything seen for many years

From a national perspective, office space in all of South Africa’s major business centres is at a premium. With limited speculative development in the past five or six years, most excess good quality stock has been taken up and landlords find themselves in a favourable position

The purchase of the entire Prima property portfolio by ApexHi Properties Limited has been unconditionally approved by both ApexHi unit holders and Prima unit holders, as well as the Competition Tribunal.

ApexHi A and B unit investors are expected to benefit from the proposed purchase of Prima Property Trust, which will boost the company’s market cap to in excess of R5-billion, reduce vacancies, and increase the portfolio’s exposure to the buoyant retail sector.

Renewal follows successful year of leasing deals

Broll Nigeria has secured a five-year tender to provide property management services for the first-ever regional shopping centre in Lagos, Nigeria, The Palms Shopping Centre.

Positive letting activity positions ApexHi ahead of target.

Property services company Broll Property Group announced yesterday that it had been awarded a contract to introduce a facilities and property management solution to up to 594 fuel stations across Nigeria.

41% of annual leasing target achieved in three months