Eugene Beneke, CEO of Iliad Africa Limited, the JSE-listed building materials supplier, confirmed on Monday that the group's acquisition of DOH in the North West Province had received competition commission approval.

DOH is the largest and most-established general building materials supplier in the Brits area and fills the trading space for Iliad between Tshwane and Rustenburg. DOH's highly capable and experienced management team have been retained, in line with Iliad's philosophy on owner-managed enterprises.

Beneke says the group is now proceeding with the roll out of a further three general building materials stores in the Tshwane and North West region following on competition commission approval. All well-located, the stores in Centurion and Wierda Park will begin trading end November under the well-established Ferreira's Buildware brand name and the third store in Hartbeespoort will trade under DOH.

The acquisitions are expected to add at least R180 million a year to Iliad's turnover from 2010, broadening the retail presence in its general building materials division.

Beneke also noted that, as reported on SENS recently, the group had indicated its intention to extend its current strategic black economic empowerment (BEE) shareholding arrangement with the Women's Private Equity Fund and Vunani subject to shareholder and regulatory approval.

Leading South African retail broking company Broll is making a successful foray into other African countries – flexing its reach and expertise in negotiating retail leases, helping new shopping centres with their tenant requirements and maximising the ongoing performance of these centres

Emira Property Fund has committed itself to further growth of it’s property portfolio this year, says CEO James Templeto

Emira participatory interest holders enjoyed a total return of 35,9% over the period, made up capital appreciation of 30% and an income return of 5,9% in respect of the distribution paid out participatory interest holders for the six months to end June 2008

THE top spot in the forthcoming Aucor multiproperty sale this month is a newly built five-star boutique hotel located in the heart of Centurion.

A public-private partnership between Absa and Government saw the launch today of a R400 million housing development project at Olievenhoutbosch.

Grayprop interim results for the six months which ended on March 2003 were in line with expectation, showing no growth from the same 15c declared for the same period last year, according to the latest Provest property roundup.

Grayprop interim results for the six months which ended on March 2003 were in line with expectation, showing no growth from the same 15c declared for the same period last year, according to the latest Provest property roundup.

Initiatives aimed at transforming and uplifting Pretoria's central business district (CBD) and surrounding areas into a more vibrant, safe and economically sound environment are gaining momentum.

GROWTHPOINT, an Investec Properties-managed fund, is expanding through a number of projects.