Southern Africa
Another UK mall owner Capital & Regional debuts on JSE
South African investors with an appetite for offshore property will now have another offering to contemplate, as UK-focused Capital & Regional listed on the JSE’s main board on October 7. ... Full story
South Africa ranks high on shopping centres globally
South Africa now has the sixth highest number of shopping centres of any country in the world, boasting almost 2,000 shopping centres with a floor area covering a whopping 23 million square metres. ... Full story
Chinese developer seeks public's help on SA's Modderfontein New City
Zendai Development South Africa (ZDSA), the local subsidiary of Hong Kong listed Shanghai Zendai, held a series of public information sessions during July 2015 on the master plan for the proposed development of Modderfontein New City. ... Full story
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
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Watch: A Credible Market, the need for Standards in Property Industry
Valuation standards have a significant role to play in helping to regulate professional practice at national, regional and global levels, promoting professional ethics, integrity, impartiality and trust in valuer activities in the property industry. ... Full story