eProperty News

The first quarter of 2019 saw significant diverging trends at a segment level in private sector financed residential building activity in South Africa.

South Africa, Cape Town; An iconic 70’s high-rise in Cape Town’s downtown financial district is being redeveloped into a unique mixed-use building called Foreshore Place, which will feature 34 storeys of ultra-modern, luxury residential and commercial premises.

“Spear has delivered distribution growth of 10,09% in a very tough economic environment. In a less than optimal operating environment the strong performance of the core portfolio is testament to its high-quality nature and reinforces management’s strategy of being regional focused and close to its assets” – CEO Quintin Rossi

Sectional Title schemes and other community housing developments should be taking steps as fast as they can now to ensure that residents have access to electricity and water supplies in the coming months.

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