Development is progressing apace at Atterbury Property Developments’ most ambitious project so far – the Waterfall Business Estate.

Sunday, 06 October 2013 09:53

Developers heed irresistible draw of malls

There are opportunities for property investors and developers to achieve high returns in Africa, says head of Africa at property consultancy Knight Frank.

Dipula Income Fund’s newly developed 15,400sqm Tower Mall in the growing Jouberton and surrounds western in Klerksdorp, City of Matlosana, will open on 25 October 2013, virtually fully let. 

The property consists of a partially built hotel development in Blue Water Bay, Port Elizabeth

Klerksdorp and its surrounds won’t have to wait too much longer to have all of its favourite retailers conveniently located in a single contemporary super-regional shopping mall.

Friday, 13 September 2013 20:44

US3bn Retail Developments under way in Africa

Three years ago only a handful of formal shopping centres were scattered across Africa, now developers are starting to flow into new retail-focused projects.

Redefine Properties’ 90 Grayston Drive construction site was awarded first prize in the Master Builders Association North Regional Construction Health and Safety Awards. 

After a decade in development, the luxurious new development Mirage will change the De Waterkant cityscape when it is completed later this year.

Private equity firm Actis is investing a further $278m of equity into property developments in sub-Saharan Africa, bringing its total African property investments across two funds to about $433m.

Nedbank Corporate Property Finance solid financial results in H12013 underpin MD Frank Berkeley’s confidence that there are opportunities for those developers and financiers that know where to look for them.

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