CAPE TOWN Don Group directors Marc Wainer and Sidney Ellerine have come to the aid of the cash-strapped suite hotel group by buying and leasing back to it six properties via a vehicle called Ellwain Investments.
There aren't any easy bargains to be picked up along the way Two years ago you could have bought virtually any property share, property unit trust (PUT) or property loan stock (PLS) and made money.
NEW life is being breathed into the listed property stocks sector which is vying with cash and bonds for investors' attention. Bruce Kerswill, Director of Cape Town based Spire Property Services which brought the Paramount Property Fund Limited (Paraprop) to the JSE Securities Exchange earlier this month, says the property sector is fast regaining its popularity as an investment class.
Proposal expected to help province end its dependence on a single sector
One of the recurring gripes property brokers always have is their belief that mortgage lenders, like banks, notwithstanding their advertising hype to the contrary, often misunderstand the structure of property values and the ability of the lender to maintain payments.
The V&A Waterfront companies have been restructured, returning equity in Cape Town's mixed-use commercial property development to Transnet
Shearwater Homes and Bellandia have teamed up to launch a R185m high-density gated residential development.
The Tshwane metropolitan council unveils its own local police force next weekend emulating Durban, Johannesburg and Cape Town who already have their 'bobbies on the beat'.
Nothing breeds success like success. Which is why in Cape Town, new city improvement districts are appearing everywhere.

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