Hyprop has reported an 8.1% rise in distribution per combined unit to 174c for the 6 months ended June 2010 compared with 161c a year earlier.

As the Gautrain development gains momentum, so too does the demand for commercial space in the near vicinity of the Gautrain stations – a trend already clearly evident in close proximity to the Sandton and Rosebank stations.

An ingenious construction method has overcome a challenge posed by the Gautrain tunneling project and excavation for the R850 million expansion of The Zone @ Rosebank in Johannesburg by Old Mutual Investment Group Property Investments

The South African property sector presents companies such as Redefine Properties with a scenario that is “extremely” favourable for accretive deals capable of enhancing a property company’s bottom line.

Redefine Properties, is moving the property management function of its portfolio in-house.

OMIGPI, on behalf of policyholder funds, is currently busy with a major development in Rosebank (Gauteng), which includes the Zone Phase II. In tandem the sale of a key property holding in the area occured and which ultimately fell into the hands of a competitor to the Zone investment

Standard  Bank has affirmed its confidence in listed property group Hyprop Investments by granting the firm R500m debt that Hyprop plans to invest in completing various upgrades on Canal Walk in Cape Town and Hyde Park Shopping and The Glen Shopping Centre in Johannesburg throughout the year.

When Old Mutual Property Investments put Nedbank Gardens office building in Rosebank, Johannesburg, up for sale, it was first offered about R95m.

The Alliance Group will auction the Midrand City shopping centre on September 18 at the Park Hyatt Hotel in Rosebank

Lower Rosebank is to get a makeover in much the same way as the poorer parts of US cities such as New York, Washington and St Louis did.