US hotel giant Marriott announced it had finalised a deal to buy the Protea group, Africa's largest hotel chain, for US$186m.
23 Jan 2014
In a partnership deal with ASX-listed company, Cromwell Property Group, Redefine Properties has completed its maiden direct offshore property acquisition, obtaining a 50% share in Northpoint Tower located in North Sydney, Australia. The purchase consideration is AU $279m, which approximates an 8% income yield.
23 Dec 2013
Hyprop Investments will buy 87% of the issued shares of African Land Investments for R768m. African Land owns the Manda Hill shopping centre in Lusaka, Zambia.
29 Nov 2013
The sell-off in property stocks over the past four months has made it less attractive for unlisted real estate companies and developers to bring their shopping centres, offices and warehouses to the JSE. Since May prices have dropped around 13% and yields have risen from an average 6,2% to 7%.
Joan Muller 5 Oct 2013
Truworths has adopted a cautious and incremental approach to store expansion plans outside SA in order to gain a better understanding of the operating environment and the market potential, the fashion retailer said in its annual report, released last week.
Zeenat Moorad 30 Sep 2013
Retail-focused property company Hyprop Investments on Thursday (29 August) reported a 7.6% rise in distributions for the six months to June to 213c per unit‚ with a first time‚ albeit small‚ contribution from its African investment.
Nick Hedley 30 Aug 2013
Hilton Worldwide has expanded its product offering in SA over the past six months and the US-based group intends to increase its presence in Africa‚ according to vice-president of operations for Africa and the Indian Ocean‚ Jan van der Putten.
16 May 2013
The South African Tourism Indaba should expand its platform by attracting even more exhibitors and buyers from the African continent, Tourism Minister Marthinus Van Schalkwyk said on Sunday (12 May).
14 May 2013
People spent more on hotel and bed-and-breakfast accommodation in February and as a result, the total income for SA's tourist accommodation sector rose by 8.8% year-on-year according to Statistics SA's (Stats SA) tourist accommodation survey released on Monday (22 April).
23 Apr 2013
Bizcommunity.com has now expanded its operations into 16 new sectors and will soon venture into another 17, providing a whole new range of target audiences for advertisers. The most critical aspect of this is the quality of content and this is a formal invitation to you to become a recognised contributor on Bizcommunity.
Bizcommunity.com 3 Oct 2011
Bizcommunity.com - South Africa's largest online B2B publisher - is set to grow even more with the introduction of 16 new content channels, with weekly newsletters, as from last week Tuesday, 20 September 2011.
Bizcommunity.com 20 Sep 2011
CAPE TOWN: Pick n Pay announced on Thursday, 23 June 2011, the opening of its first Mozambican store in Maputo which will extend its African footprint. The company plans to open a further two stores later this year and is seeking more opportunities across the country.
23 Jun 2011
The continued recovery of the UK commercial property market, coupled with the strengthening of the rand relative to pounds sterling, has presented South African investors with a unique opportunity to invest in the UK while capitalising on the recovery cycle.
3 Dec 2010
Opening in April 2011, the brand new Long Beach Hotel on Mauritius' east coast, on the Belle Mare Peninsula , is situated right where a powerful urban feel meets...
24 Nov 2010
BARCELONA, SPAIN/JOHANNESBURG, SA: Soccer City, designed by Boogertman+Partners, has won the 'World's Best Sport Building' award at the World Architecture Festival Awards (WAF Awards) 2010, which were held earlier this month in Barcelona, Spain. This not SA's first win in these awards, however...
18 Nov 2010
The fully tenanted Princess Crossing Mall, situated in Ondekkers Road, Roodepoort, has been sold for close to R300 million to a West African investor - via a private property fund based in the Western Cape.
20 Aug 2010
JHI Real Estate Mozambique, a subsidiary of JHI property services, recently opened a further branch office in Matola and is now looking to expand to other key growth areas in the region. According to Wayne Wright, business development director for JHI property services, retail development in Mozambique is set to increase significantly over the next few years.
27 Jul 2010