Tower Property Fund has announced the pending transfer of R480 million worth of properties into the fund's portfolio, with transfer expected to be finalised by the end of April.
Construction has begun on the new R84 billion city in Modderfontein, Gauteng, owned by Hong Kong listed Shanghai Zendai, with development of 300 residential units underway.
In response to increased demand for residential property in Johannesburg's thriving Rosebank area, a new executive apartment hotel, The Capital on Bath, will be launched in January 2015.
Atterbury Property Developments made a clean sweep at the 2014 Tshwane PMR Awards business breakfast scooping three coveted awards.
The introduction of Real Estate Investment Trusts (REITs) in South Africa last year has already resulted in a wave of conversions of various property vehicles into this tax-efficient structure.
The new R600 million Heidelberg Mall opened with thousands of shoppers descending on the hot new shopping destination in southern Gauteng.

eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.