Eric Ellerine has passed away
December 4 2023 South African entrepreneur and investor, Eric Ellerine has passed away. He was considered to be one of SA’s most prominent businessman who sustained his wealth for decades. He founded Ellerines, a furniture group at the age of 16 in 1950. His younger brother, Sydney joined the business two years later. In 1969, […]
Cape Town CBD to take back the power amid electricity crunch
November 30 2023 The Cape Town Central City Improvement District (CCID) which helps to manage the city’s CBD has developed a practical eight-step plan for building owners, businesses, employees, and residents to save power to ensure the country’s most successful CBD continues to thrive. The CCID explains that electricity is very scarce in SA, but […]
Artificial Intelligence (AI) and online trust key themes to emerge at the 2023 Property Portal Watch Conference
November 30 2023 Artificial Intelligence (AI), online trust and the way portals can better engage audiences were three key themes to emerge at the 2023 Property Portal Watch Conference, held in Madrid in October. The conference brought together key players in the real estate sector to explore and shed light on ‘Next Generation PropTech and Marketplaces’. […]
CCID delivers a superb performance in bumper year
November 29 2023 As 2024 approaches, Cape Town’s inner city is standing tall for its continual effort to improve the level of safety, the ease of doing business, social inclusion, and its ability to attract investment. In fact, nearly 30 years into democracy, there are many reasons why Cape Town’s downtown is the best in […]
Abundant opportunities in the land downunder
November 28 2023 This is a guest article by independent analyst, Keillen Ndlovu Arriving In Sydney I was last in Australia in 2018, before the world economy was effectively rest by the pandemic. Landing at Sydney Kingsford Smith Airport, one of the world’s oldest airports, after an 11.5-hour flight from Johannesburg, and adjusting to the […]
SA’s oldest pub, the Pig & Whistle Inn for sale in Bathurst
November 23 2023 Guest piece for Pam Golding Properties Situated in the quaint village of Bathurst – a hub of art, history and quirky restaurants surrounded by lush farmlands just 12km from Port Alfred – South Africa’s oldest continuously licensed pub dating back to 1832, the Pig & Whistle Inn, is on the market, priced […]
Burstone Group and Irongate announce JV acquisition with Phoenix as co-investor
November 22 2023 Burstone Group announced that its Australian joint venture (JV) with Irongate has acquired its first industrial property in New South Wales, Australia for A$57.25m (R680m. The Irongate JV will provide the 20% co-investment equity and the fund management capabilities for the deal. Burstone formed a joint venture with the management team of Irongate in March […]
Vukile Property Fund has acted swiftly with resignation of Babalwa Ngonyama from its board
November 23 2023 Former UCT chair of council Babalwa Ngonyama resigned from the board of Vukile Property Fund after damning findings against her by a panel that looked at governance lapses at the university. Vukile, a retail specialist landlord can be relieved as the group looks to continue to be one of the best governed listed property […]
IPF reborn as Burstone needs to win more love from investors as listed property goes back into vogue
November 17 2023 JSE-listed Burstone group’s financial results were not too keenly received on Thursday, with its share price falling around 5% by late trade on the day and then again by 2.59% on Friday. A new story Burstone was known as Investec Property Fund (IPF) until a couple of months ago. The group rebranded […]
Emira Property Fund feels the pressure as the cost of operating in South Africa bites
November 16 2023 The diversified real estate investment trust (Reit), Emira Property Fund found it tough going in the six months to end-September 2023, its financial results for that reporting period showed this week. The company which owns a mix of buildings including 9 Long Street and 80 Strand Street offices in Cape Town, Boskruin […]