Atterbury, the leading South African property investor and developer, continues to reshape the Joburg skyline with the development of Joburg City Auto BMW and Joburg City Ford - two state-of-the-art motor showrooms and service facilities.

Positive growth forecast for East African hospitality sector.

Atterbury is leading the wave of property development and investment in Johannesburg’s Newtown precinct, adding further critical mass to burgeoning attractions and businesses already centred in and around the popular mixed-use Newtown Junction.

A new 148-room City Lodge Hotel has opened at Newtown Junction - Atterbury Property Developments’ ground-breaking R1.4 billion mixed-use development in the Joburg CBD.

City Lodge Hotels expects demand for its rooms to continue exceeding expectations in the year ahead after it increased occupancies in 2015.

Newly opened Newtown Junction's unique shopping experience in Joburg's CBD

City Lodge Hotels sets aside R475m to build two new hotels in East Africa, and is looking for other opportunities to add hotels in capital cities across East and Southern Africa.

City Lodge says it expects full-year normalised diluted headline earnings per share to be between 8% and 13% higher than in 2013.

City Lodge reports a 14% rise in normalised diluted HEPS to 330.5c in the 6 months to December from the same period a year ago.

City Lodge has not imposed any blocks on hotel accommodation in Gauteng or anywhere else in the country due to the official mourning period and upcoming funeral of Nelson Mandela.

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