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| GENERAL PROPERTY NEWS | Market related rent for govt property - Property24, 13 March 2013
Gauteng MEC for Infrastructure Development, Qedani Mahlangu, has called on all tenants of state residential and commercial property currently not paying market related rentals to approach the department’s Corner House Headquarters in Johannesburg.
Tourism sector looks positive in 2013 - Property24, 12 March 2013
Tourism is one of the fastest growing sectors in South Africa and is increasingly becoming more important in stimulating the economy, offering numerous, long-term and positive contributions to the country.
Entire apartment block in Woodstock to go on auction following liquidation - eProp, 11 March 2013
On 11 April an entire 7-story residential apartment block known as 360 Degrees will be taken to auction following the liquidation of Bestvest 153 (Pty) Ltd.
Cautious outlook for construction shares - eProp, 10 March 2013
Murray & Roberts' return to profitability, after two years of losses, comes amid the completion of projects that have caused the company major pain. |
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| RESIDENTIAL PROPERTY NEWS | Increase in short-term property loans - Property24, 13 March 2013
As a result of low interest rates and an upbeat property outlook for 2013, buyers and investors are increasingly looking to take advantage of potential opportunities in the property market.
Prices of middle segment houses up: ABSA - Moneyweb, 11 March 2013
The average value of houses in the middle segment of the market continued to rise annually in the month of February, the Absa House Price Index revealed on Monday. Prices for houses in the middle segment of the market increased by 10.2 percent year-on-year in February.
Rising electricity costs impact rent - Property24, 11 March 2013
The National Energy Regulator of South Africa (Nersa) have approved an 8% increase in electricity costs, agreeably not the 16% requested by Eskom, but nevertheless a figure still above inflation. |
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| COMMERCIAL PROPERTY NEWS | Record entries for 2013 SAPOA Awards for Excellence in property development - eProp, 14 March 2013
A record 38 entries have been received for SAPOA’s 2013 Awards for Excellence in Property Development. This shows growing competitiveness and confidence from South Africa’s property developers, with this year’s entries significantly higher than the 23 received in 2012.
The benefits of green buildings - Property24, 14 March 2013
Green buildings deliver a suite of financial and environmental benefits which conventional buildings do not, says Manfred Braune, technical executive at the Green Building Council of South Africa (GBCSA).
Warehousing and Distribution Operations Prioritise Large Yards with High Exposure - eProp, 14 March 2013
While accessible location is key, large industrial users seeking to relocate to more spacious premises in order to accommodate growth in warehousing.
Atterbury to develop the largest shopping centre in Accra - West Hills Mall - eProp, 14 March 2013
When West Hills Mall opens in Ghana’s capital Accra, it will become the largest single-phase modern shopping centre in the city.
A look at commercial property rentals - Property24, 13 March 2013
Although many tenants continued to battle financially, rental payment performance by commercial tenants during the fourth quarter of 2012 remained surprisingly steady, according to the Tenant Profile Network (TPN).
Touchstone House Redevelopment Boosts Foreshore Transformation - eProp, 08 March 2013
Yet another disused site on the foreshore of Cape Town’s central business district (CBD) looks set for redevelopment.
Malls still coining it - eProp, 10 March 2013
A number of listed property companies release better-than-expected results in recent weeks. Despite the humdrum economy, a number of listed property companies released better-than-expected results in recent weeks. |
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| LISTED PROPERTY NEWS | 7.2% income growth for Growthpoint - Property24, 14 March 2013
Growthpoint Properties Limited announced a 7.2 percent growth in distributions, to 72.7 cents per linked unit, for the six-month interim period to 31 December 2012.
Vukile Property Fund acquires Encha Properties portfolio for R1.4bn - eProp, 13 March 2013
Vukile Property Fund has concluded an agreement with Encha Properties to acquire a portfolio of five investment-grade, predominantly national government-tenanted properties from Encha for an approximate R1.4 billion.
Redefine buys 18% stake in battle for Fountainhead - Moneyweb, 11 March 2013
Redefine has withdrawn its proposal to acquire the property portfolio of Fountainhead Trust. It now seeks to obtain a meaningful stake in Fountainhead and has acquired approximately 18% of the Fountainhead units, reportedly making it the largest Fountainhead unitholder.
Emira settles & re-issues R400m debt - Property24, 11 March 2013
Emira Property Fund successfully settled and immediately re-issued R400 million of three month unsecured commercial paper (CP), for the second time. |
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| ESTATE AGENT NEWS | Sexwale announces new EAAB board - Moneyweb, 07 March 2013
The appointment of new members to the Estate Agency Affairs Board (EAAB) has been announced by Human Settlements Minister, Tokyo Sexwale. |
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| SPECIFIC AREAS | Bedfordview homes to suit all pockets - Property24, 14 March 2013
Although Bedfordview is regarded as one of the more affluent suburbs on the East Rand, it caters for buyers of all ages looking for either estate living, freestanding homes or sectional title units.
New estate homes in Diemersfontein - Property24, 13 March 2013
The first 15 owners have taken occupation of their homes at The Village – the new secure estate that is taking shape within the acclaimed Diemersfontein Wine and Country Estate in the Boland’s scenic Wellington Valley.
Value for money homes in Ladismith - Property24, 11 March 2013
Value for money coupled with a desire, particularly among Gauteng buyers, to relocate in pursuit of a better quality life is boosting demand in the residential property market in Ladismith in the Klein Karoo. |
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| INTERNATIONAL PROPERTY NEWS | Dow extends record-setting streak to seven days - Moneyweb, 14 March 2013
The Dow Jones Industrial Average set a new record closing for the seventh straight day Wednesday as US stocks registered small gains. The Dow added 5.22 points (0.04 percent) at 14,455.28, also its ninth straight day of gains.
Eurozone economy fails to create jobs - Business Day, 14 March 2013
The eurozone’s stagnant economy failed to generate jobs at the end of last year despite increased business during the festive shopping season, showing the challenges facing eurozone leaders trying to reduce record unemployment.
Denmark says six banks 'too big to fail' - Business Day, 14 March 2013
Denmark plans to classify six of its banks as 'too big to fail,' meaning they could face tougher capital rules and increased supervision as the government seeks to reduce the risk of future financial crises.
Why investors love Africa real estate? - Property24, 14 March 2013
Economic growth has been singled out as being the key driver of change in Africa. With increasing stability in the region and growing appetite from offshore investors for real estate asset exposure in the African market, the attraction of real estate across Africa lies in its fast-approaching development potential.
Australian Green office buildings continue to deliver enhanced investment returns - eProp, 11 March 2013
The Property Council/IPD Australian Green Property Index, released this morning, showed an annual total return of 10.6% for Green Star rated, and 9.9% for NABERS rated office assets for 2012.
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