Named after a particularly verdant valley in the hills to the west of Johannesburg, the suburb of Florida started life as a mining camp just after the discovery of gold in the 1880s and, like many parts of the city, has had quite a chequered history.

Balwin Properties acquire development rights from Portimix in Johannesburg’s Kyalami and Waterfall node for R1.5bn.

Balwin Properties, South Africa’s largest homebuilder focusing on large scale sectional-title residential estates in high-growth, high-density metropolitan nodes in South Africa’s major cities, this morning announced strong interim results for the six months ended 31 August 2015.

Statistics released by ooba, show that the overall demand for sectional title property has risen year-on-year (yoy) by almost 7%.

With inflation within the target range and a sluggish economy struggling to regain impetus while the country experiences the worst drought in decades, the Monetary Policy Committee’s decision to further increase the repo rate by another 25bps was ill-timed, as a stable rate would have helped boost business and consumer confidence at a time when it is needed most, says Dr Andrew Golding, CE of the Pam Golding Property group.

Balwin Properties Limited successfully debuted on the main board of the Johannesburg Stock Exchange in the Real estate holding and development sector.

Balwin Properties announced that the offer for shares in relation to its listing was over-subscribed. 

Balwin Properties is looking to raise between R713 million and R1.6 billion ahead of its listing on the “Real estate holding and development” sector of the JSE main board on Thursday, 15 October 2015.

Nedbank Corporate and Investment Banking and Rabie Property Group have joined forces to complete the Burgundy Estate residential development in Cape Town with the first two projects totalling 370 units at a cost of R400 million due to get underway.

Share blocks can be complicated to run as they are classed as companies, and each owner of a unit has shares on the company.

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