Listed property unit trust Martprop Fund said on Tuesday it had acquired both an office and an industrial property in Gauteng for a total outlay of R65,5m.
A R43,3 million acquisition of a one-year-old Durban retail development is set to boost the share of SA Retail Properties Ltd assets in previously under-developed communities to more than 10%.
A high-speed rail link between Johannesburg and Durban, which the Department of Transport (DoT) had “agreed to in principle” and was awaiting approval for, was an “absolute nonstarter”, Arup South Africa transport economics adviser Andrew Marsay argues.
A high-speed train linking Johannesburg and Durban in under three hours had been “agreed in principle” and was just waiting for approval, KwaZuluNatal’s transport department head, Kwazi Mbanjwa, said yesterday.
Two of the stories told in the new State of the Cities report offer rich insights into the way ordinary people live in SA’s post-apartheid cities but, at the same time, highlight the complex challenges city governments face.
Home owners considering selling their properties could be in for lengthy delays and costly transfers if their houses are not in order prior to placing them on the market.
The launch of Savannah Industrial Park Glen Anil
Properties worth R375 million will come under the hammer over three days next week in one of the largest multiple auctions ever hosted in South Africa.
WITH demand for commercial property investments at a high, Pam Golding Commercial, a division of residential real-estate giant Pam Golding Properties, has entered the auctions market.

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