Fairvest Property Holdings Limited (“Fairvest”) today announced a full year distribution of 16.660 cents per share, which represents a 10.29% increase on the comparable period and again exceeded the guidance previously issued.

In recent months, the FNB Valuers’ Residential Market Strength Index (MSI – see page 2 for description) has been through a short bout of mild demand-driven strengthening. However, month-on-month demand growth started to slow once more in August, which possibly means a near term weakening coming in the MSI.

Hospitality turns around under the management of CEO Vincent Joyner and is set to compete with other mid-cap property companies on the JSE, following an investment from Tsogo Sun.

Reaffirming the huge demand for prime located retail space in the Western Cape, Ikon Property Group recently brokered a transaction for the sale of Rondebosch Village Shopping Centre, which was acquired by a private property fund for R20.2 million.

Today (27 July 2016), the Western Cape Minister of Transport and Public Works, Donald Grant, and Western Cape Minister of Health, Dr Nomafrench Mbombo, participated in a ribbon-cutting ceremony to officially open the Khayelitsha Eastern Substructure Office.

Based on data published by Statistics South Africa, building activity in the South African market for new private sector-financed housing (see explanatory notes) remained under pressure in the first five months of 2016, with much subdued year-on-year growth in activity levels in May this year.

The average cost premium of building green over and above the cost of conventional construction – or green cost premium – is a mere 5.0% and can be as low as 1.1%.

Billionaire businessman Patrice Motsepe’s African Rainbow Capital (ARC) has made its first foray into property‚ buying a 20% stake in Val de Vie Investments‚ which is expanding a high-end residential estate in the Western Cape.

The Department of Transport and Public Works has been recognised by the Green Building Council of South Africa (GBCSA) for its work on a building currently under construction for the Department of Health.

The brand new Khayelitsha Shared Services Centre, commissioned by the Department of Transport and Public Works for the provincial departments of agriculture, education, social development and health, is expected to be fully occupied by the end of May.

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