A new, 100%black-owned hotel operator is to soon enter the local market following a multi-million rand deal signed this week between Afrirent Holdings, Top Toyo Investments and Indalo Hotels & Leisure Management in terms of which an R280 million, focused service Hampton by Hilton hotel will be built in Sandton, Gauteng.

The R155 million first phase of the new Sky City Mall, catering for the residents of Waterval, Palm Ridge and Kathlehong some 35km south east of Johannesburg in Gauteng’s Ekurhuleni Metro, is trading well since opening its doors to scores of shoppers on 18 April.

Fortress REIT Limited, the JSE-listed property group, has funded a year-long “Trees for Homes” programme run by Food & Trees for Africa (FTFA) in Sebokeng, a township in southern Gauteng.

A survey recently carried out by the respected property analysts, Lightstone, has revealed a range of statistics that will be of interest to anyone keeping track of property trends in South Africa today, says Rowan Alexander, Director of Alexander Swart Property, the Cape Town estate agency headquartered at Brackenfell.

As anticipated, the MPC kept the repo rate steady, taking a conservative approach against the backdrop of rising fuel prices, and with a wary eye on CPI inflation, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

Equites Property Fund Limited today announced growth of 11.8% in its distribution per share for the year ended 28 February 2019 to 138.43 cents, along with robust growth in the NAV per share of 10.2% to R16.92.

Fortress REIT Limited (Fortress), the JSE-listed property group, has partnered with Food & Trees for Africa (FTFA), a leading Section 21 Non-Profit/Public Benefit Organisation to roll out a food security, environmental sustainability and greening programme at 19 schools and 500 homes in the vicinity of its Evaton Mall property in southern Gauteng.

PRASA hereby invites proposals from potential tenants to lease and develop/upgrade properties from its different regions:

McCormick Property Development (MPD) is proud to confirm the signing of a partnership agreement with Putprop Limited for the development of two signature retail projects, located in the Gauteng townships of Soweto and Mamelodi.

Concor Buildings has kicked off construction on the second phase of the prestigious Oxford Parks project in Rosebank, Johannesburg, after their successful completion of the first phase last year.

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