The inter-governmental, multibillion Rand Cornubia Development, situated north of Durban, is underway and has just received a major boost after the South African National Roads Agency Limited (SANRAL) agreed to fund the bulk of R830 million N2/M41 interchange.

First National Bank today officially opened Willowbridge Place, a new office development in Cape Town’s northern suburbs.

Growthpoint Properties’ green, state-of-the-art 44 on Grand Central office development in Midrand is complete on time and on budget after a 12-month construction schedule.

Palm Royale, the third and by far the most luxurious high rise block of apartments at the Oasis Luxury Retirement Resort at Century City, has seen a burst of activity in recent weeks with sales to date now topping R106million.

Growthpoint Properties and the Rabie Property Group are to jointly develop a 18 700 square metre office project in Century City to meet the burgeoning demand for offices in the precinct.

The John Ross Eco-junction was officially presented by Arctic Sun as land developer, and Liberty Properties, as property developer and property manager, to stakeholders from the local municipality, trade and industry with a positive forecast for Liberty’s prime 195,000m² development within the City of uMhlatuze.

Property developer Billion Group has several significant developments under way in SA.

REITs are well positioned to undertake development projects because they can raise inexpensive money on the secondary market or borrow from lenders with confidence in their track records.

Approximately 1 000 people made their way to the town’s Central Beach to protest the proposed R4 billion development.

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.