There is overseas investor interest in SA’s commercial real estate market, and the adoption of the internationally accepted Real Estate Investment Trusts (Reits) structure by the local listed property sector could create opportunities to attract foreign investors.
CONSTRUCTION company Group Five says the court has dismissed an application by client Legacy Group to impose penalties of R54m for not completing the Michelangelo luxury apartment building in Sandton on time.
Aucor's commercial and industrial auction last Tuesday started off with the offer of a small retail centre in Benoni, and ended with the multimillion rand sale of a shopping complex in Sandton, while a short nostalgic interlude for auctioneer Eddie Winterstein featured in between.
Building sold for R29million in Auction Alliance's last multiple sale of the year
An alumina smelter at the Coega Industrial Development Zone is a 'definite', Coega Development corporation (CDC) chairperson Moss Ngoasheng said yesterday.
Hot listed property market has run ahead of itself, while speculators in residential real estate should cash in.
Monday, 11 October 2004: Redefine Income Fund's purchase of 14 270 m2 Alexander Forbes building at 90 Rivonia Road, Sandton for R113 million was approved by unitholders today.
Growthpoint today announced a total distribution of 69,0 cents per linked unit for the financial year ending 30 June 2004.

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