Cape Town Property Market

Gary Steffen, Global Head Canopy by Hilton and Rudolf Pienaar, Chief Development and Investment Officer, Growthpoint shaking hands after signing the agreement.

Africa gets its first Canopy by Hilton hotel brand

Hilton (NYSE:HLT) announced the signing of a management agreement with Growthpoint Properties, South Africa’s largest REIT, to open a hotel under its lifestyle Canopy by Hilton brand. ... Full story

Johannesburg, Africa's richest city was built on gold – on the Witwatersrand Gold Rush of 1886, to be exact. It's the commercial capital of South Africa and the wider region.

These are the 10 Wealthiest Cities In Africa

Africa is home not only to some of the world’s fastest-growing economies but also the majority of the world fastest growing cities. ... Full story

The phenomenal Airbnb growth trend is just one of the factors driving demand for Cape Town CBD property.

Tourism, Airbnb growth boost demand for Cape Town CBD Apartments

While many areas are beginning to report a notable slow-down, Cape Town’s CBD and City Bowl areas are still just about as buoyant as you could ask for, especially if you are a seller of an apartment. ... Full story

Atterbury Property will be developing the project on 84ha of land as a business park and mixed-use precinct consisting of retail, light industrial, commercial and warehousing properties.

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

Black River Park in Cape Town has become the first office precinct in South Africa to receive Green Building Council of South Africa (GBCSA) certified Green Star SA ratings for all its buildings.

Property Owners embark on a mission to save energy

In light of rising energy demand and cost coupled with global energy availability concerns, property owners and developers are tapping into renewable energy sources across African countries. ... Full story

Cape Town's V&A Waterfront boasts an assortment of retail, offices, hotel and residential development set on 123 hectares. It lies on the edge of the harbour and has the iconic Table Mountain as its backdrop.

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

Tsogo Sun CEO Marcel von Aulock says the continued development and rejuvenation of Cape Town’s city centre will lead to growing demand for hotel accommodation

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

Artist perspective of the recently launched a luxury high-rise residential apartment block in Johannesburg's upmarket suburbs of Rosebank with 445 apartments.

High-rise construction activity soars in South Africa

This year is expected to be a busy one for developers as demand for luxury residential apartments in Johannesburg's upmarket suburbs of Sandton, Rosebank and Hyde Park continues its steady rise. ... Full story

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The surprise move comes a few days after President Emmerson Mnangagwa told journalists that the country would have a new currency by March next year.

Zim outlaws SA Rand and US Dollar, opts for own Currency

Zimbabwe has effectively outlawed the use of a multi-currency payment system, which is seen as an attempt to stop the country's ever-rising black market exchange rate. ... Full story

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