Thursday, 01 September 2016 13:03

Tsogo Sun to acquire control of Hospitality

Confirmation of the Effective Date of the Transaction.

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.

Thursday, 25 August 2016 17:22

Murray and Roberts exits construction sector

Murray and Roberts will focus on three core sectors in future — underground mining, oil and gas, and power and water, says group.

Properties bought off plan in new residential developments in Century City in recent years have shown capital appreciation of between 20 to 35 percent by the time purchasers have taken transfer 18 months later.

The R870 million Houghton Hotel has awarded the final construction contract to Stefanutti Stocks.

Jones Lang LaSalle Incorporated (NYSE: JLL) today reported broad-based revenue growth for the first quarter of 2016 resulting in adjusted earnings per share of $0.82.

UAG was founded in 1992 by Haddis Tilahun and was later joined by his wife, Dr. Martha Namundjebo-Tilahun.

Gaming and leisure group Tsogo Sun is set to gain the income benefits of having a portion of its hotel assets in a real estate investment trust structure when it gains control of Hospitality Property Fund.

Sun City’s four hotels and the entertainment zones are in the process of being revamped in a five-year, R1-billion upgrade which will be complete in 2017.

Commercial property is no more a ‘Cinderella’ asset class for UHNWI’s as they now account for 25% of global commercial property investment volumes investing $902 billion into the sector since the current cycle commenced in 2009.

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