Tuesday, 06 October 2020 22:24

Inospace acquires its 26th business park

The record-low interest rate and favourable lending environment has spurred Inospace, a leading owner and operator of business parks, into acquisition mode.

Business parks are coming into their own as a viable asset class in commercial real estate, especially in the midst of the COVID-19 pandemic.

A case of an alleged forced distressed sale flagged in an Allan Greyling forensic report involves a company called Zwelinzima Property Developers.

Ichikowitz bought Thaba Phuti, a lodge and game farm near Rustenburg, for R20-million in 2011.

Two landmark buildings in the Johannesburg CBD, previously owned by Vukile, are sold to a private investor for R67.6m on auction.

The board of directors has commissioned an independent investigation into allegations against the firm of unfair practice

The wine estate of businessman Dave King was auctioned off this weekend for R60.5 million and bought by Wendy Appelbaum daughter of Liberty Life founder and property magnate Donald Gordon.

The overhang of residential property's 'shadow inventory' is massive and will likely weigh on market dynamics for the next 18 to 24 months, according to analysts surveyed by Auction Alliance.

Monday, 21 November 2011 02:00

Voluntary distressed house sales grows in Q3

South African Banks’ voluntary sales programmes for defaulting debtors are growing throughout the country

With over 100 people in attendance at the Fancourt Hotel and Golf Resort in George, as well as 211 people watching the sale on the internet, where it was webcast live in real time.

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