Hammerson plc has exchanged contracts for the sale of Abbotsinch Retail Park, Paisley to Ashby Capital for £67m. The sale price represents a net initial yield of 7.8% and is 3% below book value as at 30 June 2019.   

Construction of the new Data Centre for Orange Botswana is well underway, with this fast track construction project being undertaken by Concor Buildings set to deliver the Tier III Data Centre before the end of 2019.

Outstanding private sector mortgage balances (R1 465,5 billion and 38,2% of total privatesector credit balances of R3 839,4 billion), which include both corporate and household mortgage balances, increased at a rate of 6,7% y/y up to end-August (6,3% y/y at end- July). 

“Won’t it be cheaper to build?” is a question trusted property advisors often hear. 

London Stock Exchange listed Grit, the only listed Africa-focused income distribution group to offer international property investors access to high growth opportunities in thriving African economies outside of South Africa, today announced robust interim results for the financial year ending 30 June 2019,  despite challenging macro-economic conditions.

Abland, one of South Africa’s leading property developers for over 30 years, together with its partners on the Irene Link development, Giflo and SOM will be breaking ground on the second phase of the commercial development at the Irene Link precinct in Pretoria, in October 2019. This 8,500m² commercial building will be ready for occupation in October 2020.

2nd Quarter 2019 StatsSA employment data for the Finance, Real Estate and Business Services Sector suggests likely slowing demand for office space.

A growing trust deficit between the government and the private sector threatens to derail efforts to turn around the struggling construction sector, but government is intensifying its efforts to build meaningful relationships with the industry.

Often when we attend to property transfers we find that home owners are caught unawares of the compliance certificates that are required when selling a house and are subsequently shocked by the associated costs which they did not budget for.

 South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line with market expectation.