Following a year which was saw South Africa’s housing market rise to the challenge amid tough economic conditions, a number of positives stand out, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

Absa Bank is set to consolidate its 14 offices in the Western Cape to one centrally located regional office at Century City.

South Africa’s retail sector remains attractive to property investors, including individual buyers seeking niche opportunities such as neighbourhood convenience centres, says Elton Holland, director of Ikon Property Group.

Rabie Property Group’s R1billion mixed use Century City Square development is on track for completion by February 2016.

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 proposed reshuffle of casino ownership in the Western Cape market, which would have secured gaming and hotel giant Tsogo Sun a hand, is taken off the table.

THE Western Cape provincial government’s property portfolio is worth R80.1bn, about R2bn more than the largest locally based listed property fund, Growthpoint.

A R1.bn halaal agri-processing food park near Cape Town International Airport or the Cape Winelands is under consideration in the Western Cape.

With Industrial and Commercial areas in the Western Cape in high demand, it comes as no surprise that the recently released Contermans Kloof Industrial area, adjacent to the N7/ Blouberg corridor, is already in high demand and a hub of activities.

Leading national property development and asset management group, Atterbury, has secured the development of a new six-storey office building in Cape Town in its first commercial property development in the Western Cape in recent years. When complete the building is expected to be valued at around R225 million.

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