Exemplar REITail takes up spot on JSE

12 JUN 2018 | 
Exemplar REITail, an offshoot of McCormick Property Development (MPD), has listed on the JSE. The company will focus entirely on the ownership and management of township and rural retail.
Exemplar board of directors: (L-R) Greg Azzopardi, Peter Katzenellenbogen, Jason……more

Construction mafia moves from KZN to Joburg

Community gangs claim to be fulfilling government’s mantra of radical economic transformation.
Ciaran Ryan  /  7 June 2018 00:40    
Picture: Moneyweb
It’s a shakedown that’s been going on for several years in KwaZulu-Natal, but is now rearing its head in Johannesburg. Local community gangs, often armed,……more

Development starts on new R3bn mixed-use precinct

Phase one is now under way on the R3bn Sandton Gate precinct development. It will include 15,500m² commercial space; 13,000m² P-grade office space and a 2,500m² gym positioned on the piazza level of the building. The first phase will also……more

Vukile portfolio delivers 7.7% full-year distribution growth

31 MAY 2018  
JSE-listed REIT Vukile Property Fund has reported 7.7% growth in dividends to 168.82 cents per share for the year to 31 March 2018. Its distributable income totalled R1.3bn and its net asset value increased 7.6% to 20.10 cents……more

CoJ stops building operations on Auckland Park site

Century Properties considering options.
Antoinette Slabbert  /  31 May 2018 00:09    
Metro police vehicles parked in front of Century Properties's student housing project on Wednesday. Picture: Supplied
Century Properties spokesperson Japie Vos confirmed to Moneyweb that the City of Joburg stopped further building operations at the……more

Jeff Zidel steps down as Fortress deputy chair

30 MAY 2018  
After a distinguished 47-year career in the South African property industry, Jeff Zidel, deputy chairman of JSE-listed real estate investment trust (REIT) Fortress, is set to retire in June.
Jeff Zidel, deputy chairman of Fortress, retires. Image source: SACSC
Zidel……more