Capital & Regional up more than 5% on expected dividend

Property group Capital & Regional (CRP) jumped 5.77% to R16.50 on Thursday after saying it expects to declare a final dividend of at least 1.5p on March 4 when it releases its results for the year ended December. It also announced a £35.5m acquisition of Marlowes Shopping Centre in Hemel...

14 Jan 2016

Choppies looks to KZN

JSE-listed Botswana-based grocery chain Choppies (CHP) applied to the Competition Commission on Monday for authorisation to acquire 21 retail stores in KwaZulu-Natal and the Eastern Cape from Jwayelani. No value was given. Choppies said further details would be provided in due course. Source:...

22 Dec 2015

Capital & Regional appoints new non-executive director

Capital & Regional, a UK shopping mall owner, announced on Thursday it had appointed Laura Whyte as its non-executive director to take effect from 1 December. Whyte, the company said, brought a wealth of experience from a long and successful career with John Lewis Partnership where she served in...

16 Oct 2015

Fortress acquires Weskus Mall for R469,9m in cash
Fortress acquires Weskus Mall for R469,9m in cash

Fortress Income Fund (FFB‚ FFA) said on Monday it had acquired Weskus Mall for R469,9m in cash. The Western Cape-based centre is anchored by Checkers‚ Edgars‚ Game and Woolworths. The deal‚ which still requires the approval of the Competition Commission‚ represents a yield of 7.75%. Source: BDpro...

7 Oct 2014

Capital Shopping Centres to become Intu Properties

Capital Shopping Centres Group PLC (CSO) confirmed on Friday it is to change its name to Intu Properties plc‚ with effect from close of business on Friday‚ 15 February 2013. The company will trade on the JSE under the new Code ITU and short name INTUPROP from Monday‚ 18 February. Source: I-Net...

11 Feb 2013

Grace Hotel goes to Southern Sun
Grace Hotel goes to Southern Sun

Pending Competition Commission approval, Hyprop Investments has sold the Grace Hotel and office building in Rosebank to Southern Sun. "The property and buildings are situated in the Rosebank node, which has good growth potential and where the group is not presently represented. This acquisition is...

10 Oct 2011

Debating economics, ecosystems

The Green Building Conference and Exhibition, which takes place 13-14 July 2011 at the Sandton Convention Centre, will address the conflict between the need to preserve ecological systems versus the need to use land for development and building. This debate will be explored in greater detail by...

21 Apr 2011

SAPOA congratulates Gwen Mahlangu-Nkabinde

Neil Gopal, CEO of SAPOA (South African Property Owners Association), welcomed the appointment of Gwen Mahlangu-Nkabinde, Minister of Public Works on behalf of the organisation and stated the organisation looked forward to working with the Minister on behalf of the property industry and building on...

3 Nov 2010

Retailers flock to Mall of the North

With approximately six months left until the long-awaited opening of Mall of the North, Limpopo's single largest commercial property development with 180 shops, various national and local retailers have firmly set their sights on securing space at the iconic retail development. To date, the entire...

12 Oct 2010

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