V&A Waterfront co-owners are in discussions with a number of international hotel operators to run what will be the first new hotel to be built at the precinct since April 2009.
Increasing its exposure to industrial property in the Western Cape, Growthpoint Properties has acquired one of the largest and last remaining unutilised properties in Bellville, Cape Town.
Growthpoint Properties has acquired a strategic site in Blackheath, Cape Town for a quality, tenant-tailored industrial property development.
JSE's R249bn listed property sector delivers a muted 7.3% total return for the first 11 months of this year, some way off the 17.92% achieved by the All Share index over the same time.
Listed property sector should be able to perform better next year than it did this year, even with the threat of interest rates rising.
Growthpoint and PIC have injected more than R1bn into refurbishments and new developments in the two-and-a half years since they purchased V&A Waterfront.
Murray & Roberts Western Cape have been handed over the site in the Bridgeways precinct at Century City on which they are to build the R450million Bridge Park development for joint venture partners Growthpoint Properties and Rabie Property Group.
Concerns surrounding the communication and relationship between the public and private sector are diminishing as both parties are becoming more actively involved with one another, engaging in meaningful dialogue and working together on improving business and infrastructure in South Africa.

eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.