A Memorandum of Understanding (MOU) between 4 major Construction Industry bodies was signed at a ceremony in Midrand on Wednesday 25th January 2006.

Midrand complex has a win-win' plan for hosting the Pan African Parliament.

CAPITAL losses in the listed property sector may not materialise this year in fact the sector is expected to post a small capital increase of about 2%.

Soon-to-be listed property loan stock company Ambit Properties, a joint initiative by Absa Commercial Property Finance and Marriott Holdings, has purchased phase one of Barrow Properties' Thornhill Office Park development in Midrand for R42m.

Pretoria - Ambit Properties, a joint initiative of Absa Commercial Property Finance and Marriott Holdings due to be listed on the JSE Securities Exchange next month, has a short- to medium-term objective of growing the value of its portfolio to more than R1 billion.

New initiatives aimed at informing an industry

Auction sales of commercial and industrial property in Gauteng are following international trends, according to Auction Alliance Chief Executive Rael Levitt.

Pretoria - Redefine Income Fund's R356.4 million bid to acquire a portfolio of 27 investment properties from Rand Leases Properties (RL Props) had been approved by linked unit holders of both companies, the listed property loan stock company reported yesterday.