New Vantage Properties, a brokerage specialising in leasing and investment sales, has brokered the sale of the sought-after Hutton Court building in Hyde Part to Nu Metro.

A deposit is a predetermined sum of money which a tenant is required to pay the landlord before taking occupation of any commercial premises.

New York, San Francisco, Zurich, Hong Kong and London top the league table of the most expensive places to build. 

The Richards Bay Shopping Centre known as Taxi City has been successfully sold for an auction record price of R120 million at the monthly commercial auction conducted by In2Assets, the commercial property auction specialists. 

Acsion Limited, a specialist commercial, retail and residential property developer and owner, today announced a solid set of results for the twelve months ended 28 February 2017.

Umgeni Deco & Lifestyle Park, Durban’s prime destination centered for success. 

While house price growth in Gauteng has shown tentative signs of recovery in the last 12 months, the residential property market in the greater Midrand region has, in terms of demand, steadily continued its upward trajectory on the back of rapid development in the area.

JSE-listed diversified real estate investment trust Redefine Properties has delivered another solid performance after increasing its distribution by 7.5% to 44.82 cents per share for the six months to 28 February 2017.

Real estate consulting firm, JLL SSA, has released its 2016 Investment Review of the South African property market with analysis reporting a R28.8bn increase in investment (from 18,5bn in 2015), and a similar 52.8% increase in gross lettable area (2 million square metres).

The Property Practitioners Draft Bill was published for comment on 31 March 2017 and when gazetted into law, will replace the Estate Agency Affairs Act of 1976.

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