First National Bank today officially opened Willowbridge Place, a new office development in Cape Town’s northern suburbs.

Growthpoint Properties’ green, state-of-the-art 44 on Grand Central office development in Midrand is complete on time and on budget after a 12-month construction schedule.

Redefine Properties said on Friday it had received confirmation from the JSE that the bourse had found no breaches of its listing requirements in relation to the battle for Fountainhead Property Trust’s portfolio.

Growthpoint Properties and the Rabie Property Group are to jointly develop a 18 700 square metre office project in Century City to meet the burgeoning demand for offices in the precinct.

Private placement 'fatigue' has been partly blamed for the sharp sell-off in property stocks over the past two weeks.

Growthpoint announces the withdrawal of its offer for Fountainhead.

South Africa’s listed property sector finally succumbed to a weaker Rand, higher bond yields and ‘private placement fatigue’ during the week ending 24 May 2013.

Although the South African listed property market is 48 times the size it was 12 years ago, the unlisted sector remains substantial, holding some of the country’s most prized assets.

Growthpoint Properties Limited this morning announced that it successfully closed its sizeable R2,5 billion equity raise, which opened yesterday afternoon. 

Growthpoint says it is undertaking an equity capital raising of R2.5bn through the issue of new Growthpoint-linked units.