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Commercial

Published stories attached to the Commercial category.

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News

R3bn Dan City development in Tzaneen to build its own electricity substation

McCormick Property's R3 billion Dan City development in Tzaneen is negotiating to build its own electricity substation, a move the developer says is needed before construction of the mall can advance.

News

Space Shapers launches Rawaj mixed-use complex in Egypt's 6th of October City

Space Shapers Developments has launched Rawaj Business Complex, a 184-unit mixed-use project on a 4,062 square metre plot on the Central Axis of 6th of October City, west Cairo.

Article

Inside The Cube: Nairobi's Riverside Drive Office Landmark And Its New Owners

The Cube, an 80,000 square foot Grade A office building on Riverside Drive in Nairobi, changed hands after Batian Income Properties acquired Riverside Towers Limited, with GenAfrica Asset Managers running the investment vehicle.

News

Kigali Heights Developer Placed Into Insolvency Liquidation After Selling Its Only Asset

Kigali Heights Development Company Ltd is being wound up after selling the Kigali Heights commercial complex to Yyussa Company in a deal valued at $31.8 million, with creditors given until October 10 to file claims.

News

Mpumalanga hotel secures R3.5m blended funding for refurbishment

A black woman-owned three-star hotel in White River, Mpumalanga, has received more than R3.5 million in blended government and development-finance funding to expand and upgrade its facilities.

News

Ramaphosa hails R2bn Club Med resort as South Africa's biggest hospitality investment since Sun City

President Cyril Ramaphosa has welcomed the opening of South Africa's first Club Med resort in KwaZulu-Natal, a more than R2 billion development he described as the largest hospitality investment in South Africa and SADC since Sun City opened in the 1970s.

News

Spear REIT to build R90m national distribution centre for Mambos in Cape Town

Western Cape-focused REIT Spear has signed a long-term agreement with retailer Mambos Storage & Home to develop a 7,150m2 flagship distribution centre in Blackheath, Cape Town, at a cost of about R90 million.

News

NEMA seeks public input on Nairobi mega project with 10,000-seat arena and 140-key hotel

Kenya's environmental authority has invited public comments on a mixed-use development proposed for Nairobi's Railway Station area, featuring a 10,000-seat indoor arena, a branded hotel, serviced apartments and a sports park.

News

Activists appeal Cape Town approval of Equinix hyperscale data centre

Civil society groups have lodged a formal appeal against the land-use approval that lets US technology company Equinix build a hyperscale data centre at King Air Industria in Cape Town, saying the impact on nearby communities, water and electricity was never properly assessed.