News by Country
Published stories attached to South Africa.
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Martin Wragge, the South African property developer behind Cape Town's iconic Century City and Canal Walk Shopping Centre, transformed swampland into one of the continent's most successful mixed-use hubs while navigating near-bankruptcy and boardroom battles.
Africa's real estate market is now valued at approximately USD 17.6 trillion, representing about 2.7 percent of global real estate value, according to a new LEAF Africa study report. The report identifies Nigeria, Kenya, and Ghana as the continent's fastest-growing property markets.
A growing pool of vacant retail and commercial space in South Africa is shifting the balance of power toward tenants, giving occupiers room to negotiate lease terms, fit-out contributions and flexibility that would have been difficult to secure just a few years ago.
JSE-listed REIT Vukile Property Fund has completed and opened a R76.1 million extension and refurbishment of Nonesi Mall in Komani, adding 3,100 square metres of fully pre-let retail space.
South Africa's Special Tribunal has set aside irregular arrangements between the eThekwini Municipality and three companies behind the Phoenix infill housing project, barring new construction.
Shareholders of JSE-listed residential developer Balwin Properties have overwhelmingly approved the scheme of arrangement that will take the company private in a R2.3bn, Public Investment Corporation-led deal.
Johannesburg's commercial property market is valued at an estimated R196 billion below comparable Cape Town levels, with offices trading at roughly half the price per square metre, according to a Gmaven analysis.
South Africa’s governing coalition is heading for a major showdown over land ownership. The Democratic Alliance wants the country’s controversial Expropriation Act scrapped, warning it could undermine property rights and investor confidence.
Specialist auction house In2Assets closes a milestone transaction on a high-value manufacturing and logistics facility in Durban’s Southern Industrial Basin, surpassing the national single-lot record set in 2014.