Public hearings on property sector bills to be held
Officials from the Department of Human Settlements will this week visit the Eastern Cape, KwaZulu-Natal and the Western Cape for public hearings on the Property Practitioners Bill and the Home Loan and Mortgage Disclosure Amendment Bill. The two Bills are aimed at transforming the property and real estate sector. “The... Read more
Malcolm Horne appointed President of SACSC
Group CEO of Broll Property Group, Malcolm Horne has been appointment President of the South African Council of Shopping Centres (SACSC) at a recent Annual General Meeting. No stranger to the SACSC, having served on the SACSC Board of Directors from 2013 to 2015 and elected in June 2016... Read more
SA’s junk status: How it will affect property
News broke last week that The Fitch ratings agency could affirm SA’s rand-denominated credit rating one level above junk at BBB-, a move that no doubt makes us question what this means for the property development and real estate sectors. Jacques van Embden, Managing Director of urban property developer,... Read more
Atterbury Property’s development of the iconic Mall of Africa secured its place among top honourees from around the world in the highly coveted international VIVA (Vision, Innovation, Value, Achievement) Awards, announced in Las Vegas, USA, on Sunday, 21 May 2017. The VIVAs are an initiative of the International Council... Read more
The Amathole District Municipality (ADM) has initiated an environmental impact assessment (EIA) for the development of a municipal office park in Stutterheim on three hectares of undeveloped land.The municipality is also applying for a Green Star Rating. The Green Building Council of South Africa has developed the Green Star... Read more
Promising property forecast for PE
The recent sale of the most expensive property in Port Elizabeth for a record R16 million is an indication that the real estate landscape in Nelson Mandela Bay is heating up, influenced by the economic forces that shape the national property market. The Seaview home deal could also boost... Read more
Cooperative Governance and Traditional Affairs Deputy Minister Andries Nel has participated in the Second International Conference on National Urban Policy, in France. During the four-day conference, which kicked off earlier this week at the Organisation for Economic Co-operation and Development (OECD) headquarters in Paris, France, the Deputy Minister participated... Read more
Public Works’ plan to transform the property sector
The Department of Public Works is set to finalise the Baseline Study on the Transformation of the Property Sector in order to realise the goals of radical economic transformation. “We will during this financial year move from planning to implementation by finalising the Baseline Study on the Transformation of... Read more
Growthpoint Properties is developing a bespoke new steel manufacturing and galvanising facility in Boksburg East, Ekurhuleni, Gauteng, for Maxishare, a leading supplier of steel welded mesh. At twice the size of its current premises, its new 8,400sqm building enables Maxishare’s growth. The custom-built facility comprises 400sqm of offices and... Read more
NATIONAL property management company Trafalgar has announced the purchase of a sectional title management portfolio from Investpro, resulting in the addition of 11 complexes containing 350 homes to its existing East London portfolio. “The management of these additional properties will now be undertaken by our East London office in Vincent, under... Read more