New mixed-use district will be home to British American Tobacco SA head office.

Actis, a leading emerging market investor, has announced an investment of R760m (US$54m) in Food Lover’s Market, estimated to be the largest independent food retail group in Africa. 

Recent studies suggest that while the demand for affordable housing is on the rise, affordability remains a barrier for millions of South Africans in this segment, resulting in renting increasingly becoming a more feasible option than buying.

South Africa’s inland shopping malls could be in for pleasing festive season sales as a result of the country’s struggling economy, according to Managing Director of Atterbury Asset Managers, Lucille Louw. This is because fewer families can afford to take holidays this year.

The short-term holiday rental season in Cape Town has once again started, and the demand for short-term property rentals, specifically in the Atlantic Seaboard and City Bowl area, is expected to rise considerably as many holidaymakers flock to the coast.

South Africa’s largest self storage property fund, Stor-Age Property REIT Limited (“Stor-Age”), successfully debuted on the JSE following a substantially oversubscribed pre-listing capital raise.

The Minister of Trade and Industry, Dr Rob Davies Davies, says that transformation of the property sector in South Africa should contribute towards reversing the legacy of the Native Land Act, 27 of 1913, subsequent discriminatory policy and legislation which denied black people access to productive land and property.

The 273 room Park Inn Sandton hotel has been sold by way of Private Tender by JLL South Africa, realising a sale price of R265 million, 15% more than the vendor’s expectations.

VAST Networks, Africa’s first truly open access Wi-Fi network provider, officially launched today allowing venues to deliver secure, high-quality and high-speed bandwidth to end users.

Work is now underway in earnest at Sun International’s latest project – a major development in Pretoria’s eastern suburbs.