BetterBond reveals that women over 55 are the fastest growing group of property owners in South Africa
August 6 00:32 This is a guest article for BetterBond. Women are emerging as key players in the South African property market. More specifically, single women are purchasing property from about middle age onwards according to the latest market data from BetterBond. The country’s largest bond originator says single women over the age of 40 […]
Film industry rebounds in Cape Town
August 6 2024 16:10 Cape Town’s film industry has rebounded post-pandemic and is soaring as the city anticipates an economic bounce. It’s a wrap! And there are more and more of those in Cape Town as the city’s film industry experiences a dramatic post-Covid pick-up, with the CBD emerging as the hot favourite location. The City […]
The Rise of the Sustainable Neighbourhood – An Alternative Approach to Property Development
July 31 2024 14:00 The Newinbosch precinct located in Stellenbosch, has been awarded a 6-Star Green Star Sustainable Precincts plaque form the Green Building Council of South Africa (GBCSA). This makes it the highest-rated sustainable precinct in Africa. Developer, Similan says it is committed to eco-living and sustainable development. Newinbosch is situated among Stellenbosch’s vineyards. […]
Balwin plans to build 7,300 rental units in next ten years
July 24 2024 13:30 Steve Brookes SA’s largest sectional title estate developer, Balwin Properties, said on Wednesday that it planned to expand its rental portfolio and develop up to 7,300 apartments for the rental market over the next eight to 10 years.Balwin was formed in 1996. It had found it especially challenging to sell units […]
Unchanged interest rate hugely disappointing for property and economy
July 23 2024 11:00 The decision by the Reserve Bank to keep the repo rate unchanged at 8.25% (11.75% prime rate) is hugely disappointing for the property market and economy, said Samuel Seeff, chairman of the Seeff Property Group. The decision was out of step with the economic needs of the country, and perhaps a […]
Nicci Celebrates the Grand Reopening of its Hyde Park Store
July 22 2024 17:00 Nicci Boutiques has announced the reopening of its flagship store in Hyde Park Corner, Johannesburg. As a long-standing fixture in one of South Africa’s oldest shopping centres, Nicci wants to improve the shopping experience for its customers with a transformed and updated store. Nicci has been an integral part of the Hyde Park […]
Seeff calls for a rate cut as property sales plummet by 25% on delays
July 14 2024 20:00 A guest piece for Seeff Property Group Delays in cutting the interest rate are doing more damage than good to the economy and property market, saide Samuel Seeff, chairman of the Seeff Property Group. After a promising start to the year, property transaction volumes have now plummeted by 25% with a […]
Schroder shopping for assets as the group’s balance sheet strengthens
June 20 2024 16:00 Schroder European Real Estate Investment Trust (Sereit) saw its earnings climb to €4.3m in the six months to end-March 2024, compared with €3.8m in the six months to end-March 2023, primarily because of rental growth offsetting the effect of higher interest costs. Two quarterly dividends of 1.48 euro cents per share […]
Sirius Real Estate impresses with growing FFO and dividend while economies face weakness
June 4 2024 14:31 Sirius Real Estate, which invests in German and UK branded business and industrial parks released its financial results for the year to-end March 2024, recording a 7.9% increase in funds from operations (FFO) to €110.2m compared with €102.1m in its 2023 financial year. The group’s aim is to achieve at least […]
Ster-Kinekor to shed stores and staff
April 19 2024 15:10 Ster-Kinekor which is the oldest and largest movie exhibitor in South Africa is feeling more pain two years after private equity groups UK-based Blantyre Capital and Greenpoint Capital acquired the group with a R250m financing facility. The cinema operator which became Ster-Kinekor in 1970, following a merger, was in business rescue […]