Four-star grading boost for Billion Group Mthatha hotel
In a boost for national property company Billion Group’s foray into hotel development – as well as a raise for Mthatha business and leisure tourism – the new luxury Mayfair Hotel in Mthatha has just been awarded a four-star grading by the Tourism Grading Council. This makes the R130-million... Read more
Vibrant Rosebank stimulates residential property markets
Following its inclusion in the Gautrain route in 2011, infrastructure upgrades in the area, as well as considerable private and public sector investment, Rosebank has undergone a complete transformation. “Rosebank, which has become a favoured destination of Johannesburg residents for its vibrant mixed-use commercial, retail, entertainment and residential hub, has developed... Read more
Amended property sector code now legally binding
The Amendment Property Sector Code, which was gazetted for public commentary towards the end of 2015, is now legally binding to entities and organisations operating in the property sector, says Trade and Industry Minister Rob Davies. The Amended Property Sector Code is applicable to commercial activities in the residential... Read more
High Street Auction Co’s largest sale roaring success
Prime real estate worth hundreds of millions of rands went under the hammer today in the largest auction measured on sale lot volume ever conducted by South Africa’s leading specialist property auctioneers, The High Street Auction Co. In excess of 50 properties in 41 sale lots including upmarket office... Read more
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