Cape Town – Spear REIT Limited  on Tuesday the 21st of November announced the acquisition of Northgate Island Corporate Office Park “Northgate Park” from Tremtrust 1 Trust comprising of 30% of block 1 and 100% of blocks 2, 3 and 4 of the property for R 313 000 000.

According to the report, a few commercial buildings were completed in the first half of 2018, increasing the total office supply to about 1.74 million sq m of Gross Leasable Area (GLA).

Growthpoint Properties has completed the R44 million first phase of its new development at Mill Road Industrial Park in Cape Town, which includes a 5,000sqm facility for Laser Logistics.

Celebrity chef, author, TV personality and restaurateur Jenny Morris is opening a Yumcious restaurant at the DeVille Shopping Centre, situated on the corner of Wellington and Durban Roads in Durbanville.

Abland and Tiber, joint developers on the Sandton Gate precinct, have announced that they have broken ground on Phase 1 of the development with the bulk earthworks.

We achieved solid results in the first quarter of this year, improving our gross margin on rental activity by 23% and improving our FFO by 27%. - said Thomas Kurzmann, GTC’s CEO.

In line with the group’s strategy of investing across the broader European market shareholders are advised that MAS has through a subsidiary of PKM Investments S.á.r.l., entered into a sale and purchase agreement (the “SPA”) to acquire from MD CE Holdings Limited and Atrium Turkey Samsun B.V.

Atterbury, the leading South African property developer, has completed the refurbishment of Trumali House, Stellenbosch, into modern multi-tenant A-grade offices with 3,500sqm of space.

Ideas are the new currency of modern economies and it is no more evident than in recent billion dollar idea success stories like Airbnb and Uber which are now disrupting, and even putting out of business, established industries.

A technical recession and low investor confidence has produced a seven-year investment low in the commercial property market.

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