Texton Property Fund has secured a long-term lease renewal with Truworths for its prominent high street shop in central Durban, KwaZulu-Natal - one of the group’s biggest stores in South Africa.

Rental growth affects values within the industrial property sector, plus is a large determinant of business costs.

The Green Building Council South Africa (GBCSA) has awarded a 4-star Green Star Sustainable Precincts certification – the first in Africa – to a project that will be built by historic Cape Town development company, Garden Cities NPC (RF), as a further phase of its flagship Cape West Coast suburb, Sunningdale.

Although the Camps Bay market has responded predictably to the prevailing socio-economic climate with lower sales volumes across the board, it has proven more resilient than most comparable areas this year with a 1.88% increase in the average house price and a diminishing gap between asking and selling prices.

Inospace Property Fund, an owner and operator of branded business parks providing conventional and flexible workspaces, has completed the acquisition of seven industrial parks in Cape Town and  Johannesburg for R212 million, bringing the total value of its portfolio to over R1 billion.

Award-winning journalist, radio personalisty and author of Becoming Iman, Iman Rappetti, will be the Master of Ceremonies at the South African Property Owners Association (SAPOA) Annual Convention and Property Exhibition 2019.

Cape Town – Spear REIT Limited  on Tuesday the 21st of November announced the acquisition of Northgate Island Corporate Office Park “Northgate Park” from Tremtrust 1 Trust comprising of 30% of block 1 and 100% of blocks 2, 3 and 4 of the property for R 313 000 000.

Heartwood Properties, a commercial and industrial property developer listed on the 4 Africa Exchange, recently announced the appointment of Mr. Bernard Roy Seeff as the latest non-executive director to join the company’s board of directors and act as a member of their audit committee.

Spiralling electricity costs and the escalating energy crisis have fuelled a fast-growing trend towards energy-efficiency and green building principles during the past decade, but ecological awareness could prove a costly exercise for Cape home-owners who fail to comply with new regulations.

The South African Women in Property Awards (SAWIPA) were hosted at the Inanda Club on the 23^rd October 2018.