eProperty News

A new, 100%black-owned hotel operator is to soon enter the local market following a multi-million rand deal signed this week between Afrirent Holdings, Top Toyo Investments and Indalo Hotels & Leisure Management in terms of which an R280 million, focused service Hampton by Hilton hotel will be built in Sandton, Gauteng.

The multi-million rand refurbishment of JSE listed diversified real estate investment trust Redefine Properties’ 155 West Street in Sandton has been completed.

The R155 million first phase of the new Sky City Mall, catering for the residents of Waterval, Palm Ridge and Kathlehong some 35km south east of Johannesburg in Gauteng’s Ekurhuleni Metro, is trading well since opening its doors to scores of shoppers on 18 April.

Tuesday, 25 June 2019 16:14

Equites Property Fund to list on A2X

Equites Property Fund Limited has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from 1 July 2019.

Hystead Limited, which is 60% owned by Hyprop Limited, has successfully completed the 12 000m² extension to The Mall of Sofia, Bulgaria.

LABOTESSA, a 17th-century congregational church now turned lifestyle hotel, will open in Cape Town in August 2019.

Based on data released by Statistics South Africa, private sector-financed building activity in the South African market for new housing continued to show divergent trends in the first four months of 2019, which might be related to lags in reporting.

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