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CBE Capital secures Greek development finance for Six Senses Porto Heli

April 9 2024 07:47 London-based real asset merchant bank, CBE Capital has secured a €95m Greek senior bond loan facility from Piraeus Bank in Athens for its club-deal investment into a new Six Senses Hotel and branded residences to be developed in Porto Heli on the Greek mainland. The €150m development, which is already being […]

Growthpoint urges patience as interest rates expected to drop later in 2024

March 13 2024 Growthpoint Properties, SA’s largest landlord released financial results for the six months to end-December 2023 and said that some of its performance metrics have weakened in the face of a high interest rate environment globally. Things would improve when the interest rate decreasing cycle began, sometime after the middle of the year […]

Grit’s 2.0 strategy in place as property fund remains the only LSE-listed pan-African landlord

March 9 2024 London-listed Grit Real Estate Income Group , a pan-African impact real estate company focused on investing in, developing and managing assets in African countries released interim results for the six months ended December 31 2023. Bronwyn Knight, CEO of Grit said: “Our unwavering execution of the Board’s approved Grit 2.0 strategy continued to gain traction, despite […]

Priority Escapes travel agent, Francois Swart might be heading on a tjokkie holiday

January 11 2024 Francois Swart, the alleged holiday swindler and CEO of Priority Escapes, is out on bail after turning himself in. He faces criminal charges and might holiday in jail soon. He allegedly scammed people out of hundreds and thousands of rands in an elaborate Maldives racket. In August 2023, Priority Escapes cancelled clients’ […]

BlackBrick Gardens offers investment opportunities in Cape Town’s real estate landscape

December 21 2023 An increasing influx of Gauteng residents to Cape Town and the rise of digital nomads, has created a surge in the demand for real estate, and BlackBrick, Africa’s expanding apartment hotel network, is positioned to capitalise on this trend with the launch of BlackBrick Gardens. BlackBrick Gardens, situated in Cape Town’s Gardens […]

Sun International to buy Peermont

December 20 2023 Gambling and hotel group Sun International has entered into an agreement with the shareholders of Peermont, a hospitality and entertainment company which includes Emperors Palace Resort, to acquire all issued ordinary shares and any claims on loan account against Peermont. Sun International’s flagship asset is Sun City. The deal is worth R7.3bn […]

Love Island All Stars set for Cape Town debut

12 December 2023 The inaugural Love Island All Stars will be filmed and broadcast in South Africa (SA) in early 2024, it has been announced. The UK TV show where singles live together in a villa has enjoyed a number of seasons. The first time it was filmed in SA was at the beginning of […]

Top Cape coastal holiday home hotspots for 2023

December 8 2023 Guest piece for Seeff Property Group Top Cape coastal holiday home hotspots for 2023 Heading to the coast for the summer holidays and looking to invest in a holiday home or an Airbnb rental investment? Seeff looks at some of the top hotspots this year. With tourism back in full swing and […]