Hospitality Property Fund will acquire the 301-key 4-star Holiday Inn Sandton, adjacent to the Village Walk Shopping Centre in Sandown, for R400 million

Hospitality Property Fund Limited announced that it will acquire the 4-star Richards Hotel together with neighbouring land totalling 12,960m2, the 2-star Bayshore Hotel all in Richards Bay and the 3-Star Protea Hotel Imperial in Pietermaritzburg.

Wednesday, 10 May 2006 02:00

Leasing is a balancing act

There is less need for tenant concessions, such as rent-free periods and high tenant installation allowances, given improving commercial property market fundamentals in SA, says Wayne Wright, director: Gauteng broking and international of JHI Real Estate.

Monday, 06 December 2004 02:00

Property demand narrows yield

The difference in yield between the listed property sector and the long-bond rate is becoming narrower thanks to the rise in demand for commercial property in South Africa.

Increasing demand for prime property is pushing South African property capitalization rates close to 8.25% thereby mimicking the long-bond rates, but as long as there is potential for real earnings in the sector, explains JHI Real Estate chairman Les Weil, this should not cause concern.

Old Mutual and Millennium Consolidated Investments to link to grow Capital Property Fund

Thursday, 20 May 2004 02:00

New property political climate

 

An anticipated R8bn to R10bn worth of new institutional propertylisting activity is generally regarded as a positive development for themarket and investors, but the manner in which market capitalisation growthis occurring outside new listings is a subject for debate among marketanalysts.

At the intersection of the M5, R27 and N1 highway, only 5km’s from the new Cape Town Convention Centre, is a 16 hectare multi use site which is for sale by tender.

Les Weil, executive chairman of JHI Real Estate, says that listed property counters are competing vigorously to augment their investments

Wednesday, 28 April 2004 02:00

Capital delivers highest returns

Capital Property Fund has delivered the strongest returns and was ranked first out of 21 portfolios included in the latest IPD South Africa Property Databank index.

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