The multi-billion rand Rainbow Junction mixed-use property megaproject, anchored by a new R2.5 billion 94,000sqm super-regional shopping centre, is getting unprecedented attention from investors and major developers wanting to co-develop or secure a stake in the groundbreaking project just 6km north of the Pretoria CBD.

SA's real estate investment trust, Growthpoint Properties, is expected to launch a joint venture in its first foray into the rest of Africa.

Nedbank Corporate and Investment Banking (NCIB) has concluded an estimated R1.14 billion loan facility to finance a joint venture (JV) between Durban based commercial property development and investment company, Collins, and Aveng.

Atterbury Property today launched Richmond Park - a new multi-billion rand mixed-use property development in Cape Town on a prime greenfields site in Milnerton adjacent to the N7 highway – in its biggest and most ambitious project yet in the Western Cape.

A new shopping centre development in Kyalami‚ north of Johannesburg‚ is under fire from local business owners.

Growthpoint Properties’ R150 million Greenfield Industrial Park Development will introduce a quality, modern industrial park on a prime 3.4 hectare site in Airport Industria, near Cape Town International Airport.

Aveng has concluded the sale of the majority of its South African properties to Imbali Props 21 Proprietary Limited (“Imbali Props 21”), a commercial property development and investment company within the Collins Property Group, for R1.127 billion.

Friday, 14 August 2015 13:28

NMMU seeks R600m for new developments

Nelson Mandela Metropolitan University is looking for R600m to develop its maritime and architecture divisions and add student accommodation.

With a 25 bases points increase in interest rates, consumers can expect tough times ahead with overall retail sales growth to range between 2% to 2.75% for the remainder of 2015.

Tower Property Fund has begun the move into the residential property sector through the exciting development of a residential node within the Cape Quarter precinct.

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