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Investec Property Fund (IPF) said last week it had bought new properties worth R430 million, Dihlabeng Mall in Bethlehem Free State and the Foschini Building in the Johannesburg CBD. The purchase consideration for the two properties is R357.5 million and R77.4 million respectively, with the former being settled 100% in cash and the latter being […]

Antoinette Coetzee, Retail Analyst at Redefine Properties is feeling somewhat upbeat about this year’s festive season, despite worries that the struggling economy will force consumers to tighten their belts during the upcoming holiday period. “While concerns around the health of the consumer continue to grow, I don’t believe we have a one-size-fits-all answer to consumer […]

For the first time in several years, commercial property developers are bringing speculative office developments to market. Fran Teagle of Broll says that this bullish sentiment is unique to Sandton Central which, as the financial hub of Africa, has a deep-rooted appeal as a prime business address. “New speculative property developments coming to market include […]

There has been very little change in the industrial property market in the greater Cape Town area in the past 12 months according to annual survey conducted by Cape based, Baker Street Properties. The market remains tenant driven with a slight improvement in rentals. The average gross rental for existing space has marginally grown to […]

A steady stream of building refurbishments continues to add commercial value to Cape Town’s Central Business District (CBD), ensuring that it remains a quality environment in which to do business. From subtle interior revamps to major overhauls of existing buildings, developers are keeping up-to-date with the evolving needs of a world class business destination. Unlike Dubai, […]