The iconic 30-storey Towers Main building in Johannesburg’s ABSA Precinct now has a new owner and a new lease on life.

McCormick Property Development (MPD) is proud to confirm the signing of a partnership agreement with Putprop Limited for the development of two signature retail projects, located in the Gauteng townships of Soweto and Mamelodi.

Growthpoint Properties today announced 5.9% growth in distributable income to R3.1bn with revenue from the group increasing 4.3% for its half-year to 31 December 2018, representing dividend growth of 4.5% per share for investors.

Author and investor Jim Slater states of large-cap companies, “elephants don’t gallop”. And as history shows us (see Chart 1) mid- and small-cap companies have enjoyed superior growth over the long term.

Market remains active with new projects announced in 2018 across the hospitality, retail and industrial sectors.

A breakfast event held jointly by the South African Property Owners Association (SAPOA), Women’s Property Network (WPN) and the South African Institute of Black Property Practitioners (SAIBPP) sponsored by Beier Group and the Durban ICC, took place at Durban’s ICC on 13 February 2019.

Although a date is yet to be set for the implementation of the looming Rental Housing Amendment Act, many of the proposed changes, including criminal liability for non-compliant landlords, have sparked considerable concern.

Friday, 15 February 2019 11:27

Predicted change is here

Herschel Jawitz, CEO of Jawitz Properties, Chris Renecle, MD of Renprop and Dr. Andrew Golding, chief executive of the Pam Golding Property group, do all agree that the residential market is in for an interesting time in 2019 in South Africa.

Reacting to the President’s address, Yael Geffen, CEO of Lew Geffen Sotheby’s International Realty, said South Africa was the living embodiment of the “good news, bad news” paradigm.

Tower’s subsidiary company, TPF International Limited has expanded the scope of its operations through the recent purchase of a prime industrial property in Croatia for  €8 592 000.

Page 1 of 25

Most Popular

Sun International’s Wild Coast Sun achieves Zero Waste Rating by Green Buildings Council of South Africa

Mar 22, 2019
SUN
Sun International’s Wild Coast Sun has received a Net Zero Waste rating by the Green…

The Port of Ngqura – Nurturing its green status

Mar 26, 2019
GREEN 1
Transnet National Ports Authority’s (TNPA) Port of Ngqura is the only port with a green…

Divercity’s Jewel City project brings six Joburg CBD blocks to life with strategic urban rejuvenation

Mar 26, 2019
DIVERCITY JWEL CITY 1
Construction of Divercity Urban Property Fund’s iconic Jewel City redevelopment is…

SARB expected unchanged rate decision property neutral, but market likely to continue gradual real correction

Mar 26, 2019
FNB John Loos
In the week ahead, the South African Reserve Bank (SARB) Monetary Policy Committee (MPC)…

South African household sector increased by 5,9% year-on-year (y/y) to R1 653,3 billion up to the end of February 2019

Mar 30, 2019
Jacques Du Toit Absa Home Loans
The value of outstanding credit balances in the South African household sector increased…

Please publish modules in offcanvas position.