Drummond Garage in the Johannesburg CBD, which was recently acquired by Amdec Property Development and Property Partners, is proving popular with car-owning staff of nearby companies

ApexHi has re-fixed its existing fixed term loans, extended its debt capital market finance arrangement (conduit funding) with Standard Bank by a further R500-million, and renegotiated its costs and margins on its conventional funding, which will save the company some R7,5-million per annum in finance charges.

African Capital Property Portfolio Limited has concluded its first property acquisition since the company was established during November 2006. It has purchased four commercial properties with an aggregate value of R79,8 million

Leading listed retail property fund Hyprop Investments has again outperformed previous distribution growth with its record distribution to unit holders of 225 cents per combined unit for the year to December 2006, up 18,4%.  This marks the fund’s third consecutive year of incremental growth in distributions.  A significant increase in the value of its portfolio saw pre-tax net asset value per combined unit rise 34% to R39,63.

As South Africa prepares to begin major construction projects around the country, heated disputes are set to erupt over the rights to develop lucrative sites

Hyprop Investments and black-owned Vunani Properties have together boosted the portfolio of Vunani Property Investment Fund (VPIF) - their BEE partnership project

The turnaround story in Johannesburg’s central business district (CBD) is making headlines in several leading newspapers — a stark contrast to the doom and gloom that pervaded just 10 years ago.

A R43,3 million acquisition of a one-year-old Durban retail development is set to boost the share of SA Retail Properties Ltd assets in previously under-developed communities to more than 10%.

SA Retail Properties Ltd is set to make its first investment in Limpopo – the R86 million Hubyeni Shopping Centre opening next April in Elim, a town 13km south east of Makhado (formerly Louis Trichardt).

Expect the rand to remain relatively weaker in the near term on the back of increased possibility that the current account deficit to the GDP could continued to widen in Q2:06 (data will be released on September 21st). These concerns saw the rand depreciating to a seven-week low against the dollar last week on record trade deficits for July.