Durban is like any other urban space; it suffers from decay and is constantly in need of regeneration.
JSE-listed Capital Property Fund foresaw an opportunity when it acquired Clairwood Racecourse to convert it into a warehousing and logistics park, according to Galetti Commercial and Industrial, the brokerage firm that negotiated the transaction.
Back in 2010 there were pessimists and optimists arguing it out over the potential embarrassment or pride at the outcome of eThekwini's plans to pretty up the beach front and revamp its facilities for international guests coming to town for the world cup.
Tsogo Sun says it will retain its commitment to Durban's 'Golden Mile' through a R220m refurbishment, consolidation and relaunch of the Southern Sun Elangeni and Southern Sun North Beach hotels into one complex.
Durban continues to see a significant move North for its commercial and industrial developments. This poses the question, is this at the expense of the Durban South Basin?
The low interest rate environment and slow growth in property prices make it a good time to buy from a value and affordability point of view.
Details on government's planned infrastructure development, South Africa's credit rating and growth forecast are some of the issues business hopes to gain clarity on when Finance Minister Pravin Gordhan tables the 2012 Medium-Term Budget Policy Statement (MTBPS) tomorrow.
Growthpoint Properties has developed a R17 million warehouse expansion for long-time client warehousing and distribution company CHC Resources in Durban's Prospecton node.

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