Nasdaq-listed hotel operator Marriott International will be opening two new branded Marriott properties in Johannesburg’s Melrose Arch precinct in February.

Monday, 09 March 2015 11:52

David Green

David Green is an Independent Non-Executive at Acsion Limited.

Published in Property Leader

Following two years of strong double digit growth, the national 2014 year to date average RevPAR growth as at the end of September 2014 is 8.3% compared to the same period last year.

International hotel groups are turning their attention to sub-Saharan Africa‚ as economic growth boosts business and leisure travel on the continent.

Friday, 01 July 2011 02:00

Property funds - flavour of the month

Last year more money about R4,5bn was invested into real estate funds, than into equity R4bn unit trusts, there are now 22 real estate funds for just 19 shares in the sector.

JSE-listed SA Retail Properties, which has a R2,2bn property portfolio, said yesterday that its distributions had increased 13,7% to 37,47c a linked unit for the six months to September.

Friday, 04 November 2005 02:00

Reshuffling the property pack

It's no secret that the Marriott group's 50% shareholder, Grindrod, has been unhappy with the performance of its property arm for some time - indeed, Grindrod CEO Ivan Clark said as much after the most recent results briefing.

Old Mutual Properties has offered to buy the entire business of Durban-based property group Marriott Holdings in a deal that could be worth up to R500m .

Friday, 15 July 2005 02:00

New value centre will boost Pinetown

Brisk trading at Sanlam Centre has triggered a R50 million value centre development in Kings Road, Pinetown.  The adjacent shopping centres, on opposite sides of Kings Road, will have combined projected retail sales of more than R3 billion a year making them the fifth biggest shopping node in Durban.

Thursday, 14 July 2005 02:00

Hyprop voters want SA Retail

The Hyprop share is up 2.3% to R24 buoyed by the booming property market - also the news that more than 60% of Hyprop unit holders are in favour of taking over rival property group SA Retail.

Page 1 of 4

Most Popular

A future-proof data centre environment is key to digital transformation in Africa

Aug 03, 2021
Peter_Hodgkinson_WSP_Africa
According to a recent report, Africa needs 700 data centre facilities to meet growing…

NSBE statement on the passing of its founding president - CV Gamede

Aug 03, 2021
Cyril_Vuyani_Gamede
As the National Society of Black Engineers South Africa (“NSBE SA”), we mourn the…

Botswana gets its first Green Star rated building

Jul 26, 2021
2 Motswere render
Botswana’s first Green Star-rated office signals a milestone along the green building…

SOKO launches at Rosebank Mall as part of Hyprop’s non-tangible strategy

Jul 29, 2021
SOKO_District_Town_Hall (1)
Hyprop announced that SOKO District will open its doors at Rosebank Mall on Friday 30…

Vaal Mall is grateful

Jul 27, 2021
Vaal Mall shopping centre
We are inspired by the powerful message of hope sent by all those who stood together to…

Please publish modules in offcanvas position.