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Tuesday Jun 06, 2017

Commercial tenant payments set to deteriorate

The performance of commercial property tenants could deteriorate further before improving, according to credit bureau Tenant Profile Network (TPN).

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Wednesday May 10, 2017

Supermarkets' exclusive leases under investigation

The multibillion-rand retail sector, which is 90% ruled by the four national supermarket chains, has become the focus of an investigation by the Competition Commission, with public hearings under way in the city.

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Monday Feb 20, 2017

Fresh start for ill-fated Tongaat mall

The ill-fated Tongaat Mall that collapsed three years ago, killing two construction workers, has been sold and a new shopping centre is to be built on the site.

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Wednesday Jan 25, 2017

Sandton comprises 48% of SAs new office development

Office vacancy rates in South Africa increased by 0.2 percent to 10.7 percent in the fourth quarter of last year, compared with the previous quarter. The probability is that they could deteriorate further before improving.

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Tuesday Nov 15, 2016

Houw Hoek hotel bought for R42m

One of South Africa's oldest hotels, built in the 18th century, was recently sold for R42 million.

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Friday Nov 04, 2016

Parkhurst bowling club awaits tenders for redevelopment

The old Parkhurst Bowling Club is up for grabs. The tender to redevelop this park closes at noon today.

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Tuesday Nov 01, 2016

Rent dispute shuts Umbilo library

Umbilo and Glenwood residents are up in arms over the closure of their local library - allegedly due to a rental dispute with the eThekwini Municipality's landlord.

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Economy's impact on office space bodes well

The impact of economic growth on office accommodation had resulted in a "positive move" that could gain momentum over the medium term, according to property services and investment firm Jones Lang LaSalle (JLL).

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Thursday Sep 22, 2016

Sapoa queries Public Works cap on office rents

Office property landlords are concerned by the government's continued restriction on the rental escalation rate in contracts secured with the Public Works Department, according to the SA Property Owners Association (Sapoa).

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Monday Aug 22, 2016

Holiday developers must quit KZN buffer zone

A holiday home development close to the iSimangaliso Wetland Park has four months to vacate and rehabilitate the land in the "buffer zone" around the protected area, the Pietermaritzburg High Court has ruled.

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