Wednesday, 12 September 2018 13:10

South African millennials are buying homes

Millennials in South African have purchased homes in great numbers in recent years. According to statistics supplied by property group Lightstone, almost 330 000 millennials bought homes in South Africa between 2015 and 2017 and 70% of them were first-time homebuyers.

The opening of the largest Virgin Active health club in the Eastern Cape – a modern, R100-million, raised health and fitness space – signifies the culmination of a two-year upgrade of Port Elizabeth’s iconic Greenacres Shopping Centre precinct.

AS the Eastern Cape’s largest shopping and entertainment centre, Baywest Mall, marks its second birthday this month (May 21), its performance for owners Rebosis Property Fund suggests consumer appetites for super-regional malls are far from waning.

The Green Building Council South Africa (GBCSA) has announced that the Fourleaf Estate residential development in Port Elizabeth is the first residential project in Africa to meet the EDGE resource-efficiency standard and receive EDGE final certification.

Rebosis Property Fund, a JSE listed Real Estate Investment Trust (REIT) whose strategy is directed toward dominant retail malls and which recently internalised its management team, has reported net property income growth of 74,6% for the six months ended 28 February 2017.

SVA International Architects are nearing completion of the mammoth two-year, R420- million upgrade of the Green Acres Shopping Centre.

Tuesday, 13 December 2016 07:25

Massive inner-city revamp launched

New inner-city project will see the revamp of Vuyisile Mini Square in front of the Port Elizabeth City Hall linked to the overall facelift of the Baakens River Valley precinct.

Tuesday, 13 December 2016 17:56

New housing complex in Walmer

New R100m housing project in Walmer with at least 120 units and offering investment opportunities will address a rental accommodation shortage.

Port Elizabeth has a reputation for being “the friendly city”, and its great schools, sandy beaches, salt-scented air and relaxed pace of life have certainly won the town many devoted residents.

Run-down buildings in inner cities should be used to help combat the student accommodation shortage around universities in the country.

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