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.

In March 2017, the Association of South African Quantity Surveyors (ASAQS) and the Royal Institution of Chartered Surveyors (RICS) signed a Memorandum of Agreement (MoU) to further professional development and information sharing for members of both institutions. 

Funding commercial property developments with a mix of hard and local currency provides an innovative mechanism for Africa’s commercial real estate sector, to mitigate currency volatility and liquidity risk says Standard Bank. 

Two sites at the Cornubia mixed-use development north of Durban, will break ground early in 2017. 

The reinvention of Durban’s old Dunlop tyre factory into state-of-the art warehousing is on track and will be ready for occupation by logistics companies in October.

Property developer JT Ross swept the board with top honours for its overhaul of the iconic Lion Match factory at the recent South African Property Owners’ Association awards in Gauteng.

In a major boost for skills and employment in the Richmond Park community, 120 people have graduated with new skills as part of The Richmond Park Treasury Trust skills development programme.

The joint venture has acquired 28ha of Waterfall land from Attacq and an additional adjacent 100ha from the Mia family, securing a total of 128ha of usable land on the eastern side of the N1 freeway and south of the Allandale interchange.

A R6.2 billion new Gauteng housing project – the Leratong City integrated nodal development – is set to get under way in Leratong, Mogale City in a joint development by McCormick Property Development, Calgro M3 and Sasuka Logistics Services.

Sun City’s four hotels and the entertainment zones are in the process of being revamped in a five-year, R1-billion upgrade which will be complete in 2017.