The owners of Kenilworth Racecourse in Cape Town, home of the Met and the Queen's Plate, want to build up to 500 homes, a hotel and a restaurant on about 8ha of the property.
Faced with the current economic instability in South Africa, SA's property landlords are considering how they can maintain the earning potential of their assets. Cognisant of this reality, tech startup HouseME charges a 2.5% management fee across the board, shaking up SA's property rental market in which average fees remain between 8-12%, says CEO Ben Shaw.
To protect local property buyers and keep price increases in check, governments are considering introducing additional property taxes predominantly on foreign purchases.
The desire to avoid traffic jams is informing many current property purchasing decisions in Johannesburg and Cape Town, says Gerhard Kotzé, MD of the RealNet estate agency group.
Urban property developer Blok will be launching a new development concept in Cape Town's Bo-Kaap with the aim of providing urban homes to a more diverse range of incomes.
Selecting a specific asset class in which to invest can be an overwhelming task for a new or first-time commercial property investor.
The Rezidor Hotel Group has added the 35th hotel to its Africa portfolio with the opening of the first Park Inn by Radisson in Nairobi's Westlands.
The rise of the shared economy is not only shifting how we work, but where we work. Co-working office space is on the rise in South Africa and has all the makings for very profitable business opportunities. However, investors are struggling to get the traditional lenders to shift their blinkered perception and lending criteria when it comes to alternative property use cases.
Gary Palmer 19 Apr 2017
Primedia Unlimited has moved its headquarters to Growthpoint Properties' newly refurbished ‘151 on 5th' office park on the corner of 5th Avenue and Park Lane in Sandton Central. It has 12,000 sqm of A-grade office space across a trio of uniquely designed low-rise, three-storey buildings that offer attractive rentals.