Cape project combines commercial, residential, retail and leisure facilities.

When the Carlton Hotel was stripped of its furniture and fittings and mothballed four years ago, it seemed only a matter of time before the demolition team would move in.

THE Insignia Financial Group - one of the foremost commercial property advisers in the world - is to be represented by Broll Property Group throughout sub-Saharan Africa, including the Indian Ocean Islands of Madagascar, Seychelles, Mauritius and Comores.

We continue with the 2nd of our two part series on the theme of owning vs leasing commercial property. In this article we focus on the issues framing the debate and the associated advantages and disadvantages of freehold and leasehold.

Though prevailing higher capitalization rates in South Africa imply that commercial property is relatively affordable, the decision to purchase or lease premises remains intrinsically philosophical, as much as it is requires business.

Harmony Gold chairman Adam Fleming, a UK citizen, has donated R10m of his personal wealth to the establishment of the Liliesleaf heritage and tourism venue.

GAUTENG Premier Mbhazima Shilowa said yesterday the provincial and local government were not paying too much attention to the Johannesburg inner city at the expense of other growth areas.

CAPE TOWN The port of Cape Town is planning to spend R750m on developing world-class ship repair facilities and to expand the container terminal. A 14ha industrial park and a new cruise liner terminal are also in the pipeline.

LIBERTY International chairman and founder, Donald Gordon, yesterday tightened his grip on the UK-based property group following a £159m share issue.

PROPERTY loan stock company Hyprop Investments said yesterday it had secured an undertaking from more than 50% of Cenprop unitholders to support its R320m offer for Cenprop's prime assets.