Commercial property association Sapoa has announced two new black appointments to its board of directors as part of its transformation plans.

Pretoria-focused listed property fund, Premium Properties Limited achieved an interim distribution of 22,5 cents per linked unit for the six month period ended 31 August 2004, an increase of 39,8% over the corresponding period for 2003.

Old Mutual will redevelop Nelspruit's Riverside Mall in a R130m expansion that will see a number of top retailers added to the existing tenant mix.

Nelspruit’s Riverside Mall shopping centre is to be redeveloped by Old Mutual in a R130 million expansion that will add a host of top retailers to the existing tenant mix.

Pretoria - The listed property sector was expected to gain vigour because of expected new institutional listings by Old Mutual, Sanlam, Absa and RMB Properties later this year and early next.

Sanlam Property Asset Management said on Friday that it was acting as a promoter and negotiating with various vendors with a view to putting together a large listed property fund. 

Savings of almost R4 million have been made by Mutual and Federal Insurance Company through a sub-let of a Windhoek building left empty after the companyis acquisition of FGI Namibia.

ABSA Commercial Property Finance confirmed yesterday it would be listing a property fund in partnership with Marriott Property Services this year, while Old Mutual Properties is considering the option of listing a new fund.

Constantly rising energy costs are a certainty for landlords and tenants, yet a number of measures can be taken to reduce operating costs without degrading the quality of a building, its facilities or the daily life of its occupants, says Richard Murphy, head of facilities management at Old Mutual Properties.

Demand-side management initiatives to be introduced by Eskom could lead to reductions in property operating costs, says Richard Murphy, head of the facilities management division of Old Mutual Properties.