The Passenger Rail Agency of South Africa (PRASA), through its Property Division, PRASA Corporate Real Estate Solutions (PRASA CRES) invites members of the private sector to submit proposals for leasing, upgrading or development of identified properties at various train station across the country.

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

Umgeni Deco & Lifestyle Park, Durban’s prime destination centered for success. 

Wednesday, 16 November 2016 19:57

Umgeni Deco & Lifestyle Park Launch

Eris Property Group a leading property investor and developer in South Africa, with their development partners, Accessio, Intersite & PRASA has designed the prime destination park to provide 90,000sqm of modern business space.

Friday, 04 April 2014 14:28

Haste led to Tongaat Mall collapse

A worker on the construction of the Tongaat Mall, which collapsed on November 19 killing two people and injuring 29, said that haste led to the tragedy at the site near Durban.

The face of Umlazi, south of Durban, will be changed forever with the development of the R300m KwaMnyandu Shopping Centre and public realm upgrade.

Government has made significant strides in public transport infrastructure development, says Transport Minister Dipuo Peters.

Burger King to launch first Gauteng outlet in Park Station.

THE state-owned Passenger Rail Agency of South Africa (Prasa), which operates commuter rail service Metrorail, is to spend R1.5bn in the next three years to buy back lease agreements on property it holds to boost earnings from its property portfolio and cut dependence on subsidies.

In another example of its commitment to supporting property development that supports local government’s infrastructure initiatives, Nedbank Corporate Property Finance KZN has provided a R273 million loan to fund the building of a new shopping centre in the booming KwaMnyandu growth node in Umlazi, which was officially launched on Friday 1 March by the Ethekwini Municipality.

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