REDEFINE INTERNATIONAL REACHES IN-PRINCIPLE AGREEMENT TO RESTRUCTURE DELTA FINANCING FACILITY

Following the recent announcements on the successful restructuring of the Halle, VBG and Crewe facilities, Redefine International PLC (Redefine), the London-based diversified income-focused property company, has reached an in-principle agreement to extend and restructure the £114.6 million Delta facility

The property marketers of The Route 21 Corporate Park business development, Abacus DIVISIONS, has announced that it has signed its first “green” tenants for a R60 million environmentally friendly building, built during the latter part of 2011. It also raises debate around obtaining an actual green star rating vs claims at being a green building

In terms of the Consumer Protection Act it is very important for a seller of a house to make sure he is covered effectively and for the agent to make sure that everything has been disclosed.  A good agent will communicate all the relevant information pertaining to a property to the prospective purchaser.

On behalf of its clients, Futuregrowth's Development Equity Fund, has purchased a 12.5% equity stake in Johannesburg urban renewal property group TUHF (Pty) Ltd for R25m which will boost affordable housing in Johannesburg CBD. TUHF provides commercial property finance to emerging and established entrepreneurs to purchase and refurbish affordable rental housing residential buildings in the inner cities of  Gauteng, Durban, Pietermaritzburg, Port Elizabeth and surrounding areas

It has never been easy to get a new project launched and the plain truth is that developers have to be some of the most persevering people in the entire construction sector. It is opined that at this stage in South Africa’s economic history, far too few new projects are being launched, to the detriment of the entire residential sector. Setting out of the process, along with some of the realistic challenges, may however encourage owners sitting on land to consider its potential and further development.

With the first of July comes the beginning of the new Municipal Financial year. Alas for Johannesburg and other city ratepayers that means digging in deeper to those shallower pockets

Universities throughout the country are faced with an ever-increasing problem as their students struggle to find suitable accommodation and many institutions have now reached student accommodation crisis levels. In Gauteng in particular, students are faced with a chronic shortage of safe, secure and affordable accommodation and this is fertile grounds for creating excellent investment opportunities to those willing to engage this market

There are predominantly two different types of cluster developments: sectional title schemes and homeowners associations, and these differ in the way the scheme is run and where the responsibility lies

When bankers themselves start showing signs of investing more money in their own homes – either by selling and buying bigger and better, or by extending and upgrading – its time to sit up and take notice

Africa and other emerging economies are places where property investors should now be looking for real growth in the next decade, but beware the challenges