The company has entered into a deal to acquire a controlling interest in Australia’s Orchard Industrial Property Fund for R1,3bn.
SA’s listed property was the best performing asset class last month, recording a total return of 4,05% and outperforming equities and bonds, thanks largely to reduced risk aversion and improved investor confidence.
With a growing trend towards people wanting to live and work in relatively close proximity in order to reduce travel time amid rapidly escalating traffic congestion, it makes sound sense for businesses to give consideration to the location of their premises
Fountainhead Property Trusts refurbishment of Cape Towns Kenilworth Centre is well underway and is progressing according to plan. In excess of R100 million has been allocated to the upgrade, which started in September 2007 and is anticipated to be completed by September this year
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A record 34 entries have been received for the prestigious, annual SAPOA Property Journalism Awards, reflecting a 60% increase compared to last year’s submissions
An auctioneer has been stunned by the developers refusal to bid for a 700ha golf estate at a much anticipated auction in Sandton, north of Johannesburg, on Wednesday.
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