Sunday, 16 June 2013 20:52

Sales at Palm Royale top R106m

Palm Royale, the third and by far the most luxurious high rise block of apartments at the Oasis Luxury Retirement Resort at Century City, has seen a burst of activity in recent weeks with sales to date now topping R106million.

Growthpoint Properties and the Rabie Property Group are to jointly develop a 18 700 square metre office project in Century City to meet the burgeoning demand for offices in the precinct.

The John Ross Eco-junction was officially presented by Arctic Sun as land developer, and Liberty Properties, as property developer and property manager, to stakeholders from the local municipality, trade and industry with a positive forecast for Liberty’s prime 195,000m² development within the City of uMhlatuze.

Property developer Billion Group has several significant developments under way in SA.

REITs are well positioned to undertake development projects because they can raise inexpensive money on the secondary market or borrow from lenders with confidence in their track records.

Approximately 1 000 people made their way to the town’s Central Beach to protest the proposed R4 billion development.

Nedbank Corporate Property Finance announced today it will provide funding to the tune of R1.721 billion for the development of a new regional shopping mall in Port Elizabeth in the Eastern Cape.

Following the successful launch of one of the first boutique office parks in the greater Irene area, Quattro Fontane, the next phase of Irene Land Corporation's successful commercial and industrial developments is now in pre-launch phase.

Final phase of Rynfield Business Park in Benoni launched comprising 8 luxury office suites

Regarded as one of the fastest growing middle class suburbs in South Africa, Parklands in Cape Town’s Northern Suburbs continues to attract interest, thanks to easy access to local schools and main transport links, and close proximity to Blouberg & Table View beaches. 

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