Teraco Data Environments Proprietary Limited, Africa’s largest interconnection hub and vendor-neutral data centre provider, has announced that it has finalised a new R2.5 billion loan financing transaction.

Since 2016 the City of Johannesburg has embarked on an ambitious programme to renovate its iconic but dilapidated buildings throughout its suburbs, and while the 3 Alice Lane building was renovated by its owner, it continued this familiar trend of restoring older buildings in the City. 

Latest GDP figures have laid bare the grim reality of COVID-19’s economic effects, revealing an unprecedented 51% decline in economic activity in the second quarter of this year (quarter-on-quarter, seasonally adjusted and annualised).

Just nine months after launching to market, 63% of The Harri, a new 48-unit apartment block and mixed-use property development going up at 75 Harrington Street in Cape Town’s East City Precinct, has sold off-plan.

Previously owned by the Bank of Mozambique and abandoned, Cape York had been hijacked and fraudulently sold, with several “owners” allowing it to become severely overcrowded and collecting rent illegally.

Following the required pause during lockdown, construction has once again resumed on the Old Cape Quarter luxury mixed-use development, located at the popular Cape Quarter Precinct in De Waterkant.

When South Africa went into a hard lockdown on 27 March, government’s aim was to use the time to ramp up the readiness of healthcare facilities and hospitals around the country in preparation of the expected COVID-19 peak.

JSE listed diversified real estate investment trust Redefine Properties (JSE: RDF) along with equity partners Madison International Realty and Griffin Real Estate in European Logistics Investment BV  and in joint venture with its strategic development partner Panattoni Europe.

It is vital that the entire construction industry be allowed to return to work as soon as possible.

As South Africans settle into stage four lockdown which came into effect on 1 May, various industries are getting acquainted with what this means for their operations.