Spear REIT Limited (SEA:SJ), the only regionally focused REIT on the JSE with exposure to high quality Western Cape-only assets, disclosed its group performance under the national lockdown in a pre-close investor presentation on Friday 28 August 2020.

Building the way forward in South Africa’s commercial property market.

Tuesday, 08 September 2020 13:35

GDP contracts by 51% under lockdown

The South African economy contracted by a staggering 51% in Quarter 2 of 2020, as the country reeled from the consequences of the COVID-19 enforced lockdown, Statistician-General Risenga Maluleke has revealed.

The FNB Commercial Property Broker Survey surveys a sample of commercial property brokers in and around the 6 major metros of South Africa, namely, City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and Nelson Mandela Bay.

Creativity is on the march across the retail landscape as sector players get to grips with shifting consumer values and influences in the wake of the Covid-19 pandemic.

Just nine months after launching to market, 63% of The Harri, a new 48-unit apartment block and mixed-use property development going up at 75 Harrington Street in Cape Town’s East City Precinct, has sold off-plan.

Tuesday, 01 September 2020 18:26

Realising the potential of embattled Cape York

Previously owned by the Bank of Mozambique and abandoned, Cape York had been hijacked and fraudulently sold, with several “owners” allowing it to become severely overcrowded and collecting rent illegally.

“Women in SA need to be given the opportunity to participate meaningfully, including in the construction industry,” said Department of Public Works and Infrastructure Minister Patricia de Lille.

So asks Dr Andrew Golding, chief executive of the Pam Golding Property group.

Lakeside Mall, Benoni, has introduced two new anchor tenants in the form of Pick n Pay and Dis-Chem to its 130-strong retailer mix and concluded the final phase of a three-year, R135-million upgrade programme.

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