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Cape Town gets $365m mixed-use property development

A 84-hectare site in a strategic position in Milnerton adjacent to the N7 highway Western Cape, is to be developed as a mixed-use precinct consisting of retail, light industrial, commercial and warehousing properties. ... Full story

Aveng Group sells $81m worth of properties

South Africa’s listed construction and engineering firm, Aveng Group on Thursday said it had sold the majority of its property portfolio to the Collins Property Group for $81 million. ... Full story

Returns on Property in Botswana decline

Africa Property News has learnt that Botswana's fixed property market appears to be weakening, with the latest data from New York Stock Exchange-listed MSCI Incorporated, showing that capital valuations have softened. ... Full story

SA’s listed property sector gains first Residential REIT

South Africa's residential sector is to be represented for the first time on the JSE’s main board, with the new listing of Indluplace Properties, a wholly owned subsidiary of Arrowhead Properties. ... Full story

Standard Bank signs $80m debt facility with Durban’s Shree Property Holdings

Standard Bank Group, Africa’s biggest lender by assets and earnings, has signed a debt facility of R1 billion (approx. USD80 million) with Durban based company, Shree Property Holdings, to enable the company to refinance existing loan facilities and acquire new properties to add to its industrial property portfolio in KwaZulu-Natal. ... Full story

Significant milestone for SA’s Green Building Sector

The Green Building Council of South Africa (GBCSA) on Wednesday celebrated the commitment shown by the commercial property sector and that the green building movement has gained significant momentum with the achievement of 100 Green Star SA certifications. ... Full story

S.Africa property developments honoured at SAPOA Awards

Showcasing SA property industry’s impact on the world stage, the winners of the South African Property Owners Association (SAPOA) Innovative Excellence in Property Development Awards were recently announced at a conference in Durban. ... Full story

Most valuable property asset in SA — V&A Waterfront

The V&A Waterfront which is valued at about $1 billion (ZAR R13bn) is the icon around which commercial property develops in the Western Cape, South Africa. ... Full story

SA’s Property Sector appeals for calm against Xenophobic attacks

The South African Property Owners Association (SAPOA) on Thursday appealed for calm and the end of attacks on immigrants after a wave of violence that has left at least seven people dead in South Africa. ... Full story

SA’s hotels group to build 500-room hotel complex in Cape Town

South Africa's gaming and hotels group, Tsogo Sun (TSH) on Tuesday said it would begin construction of a 500-room hotel complex in Cape Town’s city centre. ... Full story

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