Eris Property Group is developing 15 000m² Tsumeb Mall in Namibia scheduled to open in May 2014.

Thursday, 15 August 2013 15:31

R6bn to develop Pretoria's inner city

Consortium spearheaded by veteran entrepreneur Anna Mokgokong is expected to pump R6bn into the development of a vast piece of land in Pretoria.

An innovative joint venture in Heidelberg between the Lesedi Council and private developers is bringing not only a new regional shopping centre to the town, but R600 million in capital investment and up to 1,200 permanent jobs.

Taking advantage of low vacancies in premier office space and banking on a slowly improving global economy, speculative office developments are starting to rear their heads again after five years of a lull in activity.

Growthpoint Properties Australia (ASX:GOZ) announced that it has agreed to acquire a portfolio of three prime industrial property developments in Melbourne, Victoria, for a total consideration of AU$60.2 million (approximately ZAR542 million). 

Garden City, Nairobi’s flagship retail, residential and commercial property development, broke ground today at a celebration ceremony in the presence of over 100 distinguished guests, including the Governor of Nairobi, Dr. Evans Kidero.

Gaming giant Sun International could foot a large development bill, equivalent to roughly a quarter of its market capitalisation, if it's allowed to move its Morula Sun casino operation from its location outside Mabopane to the more vibrant surrounds of Menlyn in Tshwane.

The inter-governmental, multibillion Rand Cornubia Development, situated north of Durban, is underway and has just received a major boost after the South African National Roads Agency Limited (SANRAL) agreed to fund the bulk of R830 million N2/M41 interchange.

First National Bank today officially opened Willowbridge Place, a new office development in Cape Town’s northern suburbs.

Growthpoint Properties’ green, state-of-the-art 44 on Grand Central office development in Midrand is complete on time and on budget after a 12-month construction schedule.

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