Sanral has confirmed the completion of conceptual designs for the multibillion-rand expansion of the R72 coastal road between East London and Port Elizabeth.

Multi-purpose Chatty centre is set to emerge from a pothole-filled dirt road in Port Elizabeth, with residents, council officials, architects and builders attended a ceremony.

Building on their extensive involvement in the development of the Eastern Cape's property industry, Nedbank Corporate Property Finance has finalised a R17 million loan with development company, Vargalor (Pty) Ltd, which will help fund a new convenience shopping centre in Lorraine, Port Elizabeth.

GoIndustry DoveBid SA (GoDove) has announced the second phase of its contract awarded in 2013 to dispose of more than 60 Telkom properties nationwide.

In 2014, as was the case in 2013, the fortunes of the South African property markets will once again be inextricably linked with the country's economy and other markets,which means that, in the interim, local property will not enjoy the same uptick that's becoming apparent in some global property sectors.

Nelson Mandela Metropolitan University's new R116m Business School is the first in South Africa to receive official "green" design rating accreditation for a public and education building from the Green Building Council of South Africa (GBCSA).

Global fashion retailer Zara will open its fourth store in SA - in Walmer Park Shopping Centre in Port Elizabeth.

Nedbank Corporate Property Finance announced today it will provide funding to the tune of R1.721 billion for the development of a new regional shopping mall in Port Elizabeth in the Eastern Cape.

Number 2, Parliament Street in Port Elizabeth's Central district hasn't always looked like it does today. If you'd stood outside the Trocadero Private Hotel just a year ago, you would have seen a building in need of a healthy dose of TLC.

The Eastern Cape Province is set to benefit from the approximate R12 million finance granted to developers Shield Homes for the Applewood development in Port Elizabeth. 

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