'Commercial property nears recovery'

The South African commercial property market was entering the early stages of the recovery phase despite the ongoing global economic turmoil, the Broll Property Group said yesterday.

Posted at 08:25AM Feb 02, 2012 by Editor in Commercial  |  Comments[0]

Iconic Durban hotel changes hands

Durban's iconic 167-year-old Royal Hotel has been sold to a tycoon from Swaziland for an undisclosed amount.

Posted at 08:23AM Feb 01, 2012 by Editor in Commercial  |  Comments[0]

Business rescue procedures and their impact on property leases

The 'business rescue procedure' now made possible by the Companies Act for 'financially distressed' companies is likely to be used with increasing frequency in the next year or two, says Garth Watson, a director of Gunstons Attorneys.

Posted at 08:27AM Jan 31, 2012 by Editor in Commercial  |  Comments[0]

Green Point hotel world's 'trendiest'

A small hotel in Green Point has beaten off competitors from New York, Paris, Miami, Berlin, Barcelona, Prague, Amsterdam and Chicago to be voted the World's Trendiest Hotel.

Posted at 08:43AM Jan 24, 2012 by Editor in Commercial  |  Comments[0]

Office space going begging in Cape Town

The last SA Property Owners Association (Sapoa) office vacancy survey for 2011 confirms the ongoing trend of increasing vacancies in Cape Town, with six of the seven nodes included in the survey showing increases on the previous quarter's figures.

Posted at 06:44AM Dec 12, 2011 by Editor in Commercial  |  Comments[1]

Cape Town's clean green building coolest at COP

Built of milk crates and plastic bottles, the coolest building at Cop17 draws in air through openings at the floor which is released through openings near the ceiling. Stroll inside the green building and it's cool. And there is not an air conditioning unit in sight.

Posted at 09:10AM Nov 30, 2011 by Editor in Commercial  | 

Pretoria CBD declining, says property broker

Tshwane, and more specifically the Pretoria CBD, is the capital of South Africa, home to the seat of central government administration, and therefore a place of high importance in a national and international context.

Posted at 08:40AM Nov 21, 2011 by Editor in Commercial  |  Comments[1]

Cape Town's Newspaper House in new hands

After many months of consultation - and speculation - Newspaper House has been sold to property development and investment company Ingenuity Property Investments Limited.

Posted at 08:26AM Nov 21, 2011 by Editor in Commercial  |  Comments[2]

Commercial property sector impacted by a sluggish economy

As the end of 2011 fast approaches, property experts across the world are attempting to predict what the remainder of this year and the first few months of 2012 will hold for the ailing property market.

Posted at 09:40AM Nov 18, 2011 by Editor in Commercial  |  Comments[3]

Charges may await directors of failed Pinnacle Point property group

Pinnacle Point Group's directors and former directors may face prosecution following the liquidation of the leisure property group and its subsidiaries earlier this month.

Posted at 08:48AM Nov 16, 2011 by Editor in Commercial  |  Comments[1]