Property news
Inner city buildings are bright spot in commercial property
Commercial properties are not selling fast in the current market and it is mainly the bigger property funds which are buying at present.
Braamfontein worth a look
Braamfontein has had so many positive changes that the area’s revitalization is no longer just a ‘long term dream’, the change can now be seen on the ground
High-end accommodation in Johannesburg city centre currently in demand
The centre of Johannesburg will become a hive of activity as foreign visitors arrive to stay at upmarket accommodation in the city centre during the FIFA 2010 World Cup
University campus sale fetches R32m
Twelve properties were confirmed from the floor at the Auction Alliance commercial property sale in Sandton, when nearly 40 lots came under the hammer.
Redefine aiming to reduce vacancies by end 2010
2009 presented the property sector with the toughest trading conditions they had experienced since 1998 maintains Quintin Rossi, National Leasing Executive of Redefine Properties, now one of the two largest JSE Securities Exchange listed property companies in South Africa
Student accommodation gets snapped up in Jozi centre
Demand for student accommodation close to Johannesburg’s main university campuses has soared in the past few years. By end February, Aengus Property Management’s 560 units for leasing in the area will be fully subscribed
A grade offices at C grade prices
Braamfontein’s revival is continuing - hot off the heels of the Kopano House redevelopment, Rejuvenate Properties is set to kick off another exciting project with the R10 million redevelopment of the old SAMRO House building , now known as Phenyo House
Join the trendy student digs revolution
Finally, getting your degree or diploma doesn’t mean you’ll have to put up with years of living in “sardine communes” and sharing amenities in sub-standard conditions. “Slumming it” can officially leave your vocabulary
IHS injects more than R230m into Aengus
International Housing Solutions has invested more than R230m in Aengus Lifestyle Properties, a subsidiary of Aengus Property Holdings.
Secrets to inner city renting success
While many landlords battle to fill their units and secure the rent at month’s end, one urban renewal developer is doing a roaring trade renting apartments in Joburg’s inner city. What’s the secret to its success?
Major financial boost for Inner City housing development
In what is believed to be one the biggest private equity deal within the affordable housing sector, property finance company International Housing Solutions (IHS) has invested in excess of R230 million in Aengus Lifestyle Properties
Historic YMCA converted into offices, flats
Inner city property developer Aengus Lifestyle Properties has begun converting the historic YMCA building in Braamfontein into its biggest mixed-use development to date.
New precinct in the Inner City
A less posh version of favourite social spaces like Melrose Arch, the 120 End Street development is within walking distance of 150 000 residents in Hillbrow, Berea, Joubert Park and the city centre.
Braamfontein’s YMCA building gets a new lease on life
Inner city property developer Aengus Lifestyle Properties has begun converting the historic YMCA building in Bramfontein into its biggest mixed-use development to date.
Braamfontein’s YMCA building gets a new lease on life
Inner city property developer Aengus Lifestyle Properties has begun converting the historic YMCA building in Bramfontein into its biggest mixed-use development to date
Aengus breaks new ground with the Argyle Precinct
Aengus Property Holdings is turning the Joburg CBD into a sought-after residential address with the conversion of an entire city block at the hub of Gautrain commuter belt into quality loft apartments
Property still in demand
“It was a great turnout and shows that the property people aren’t panicking about what they see as a price adjustment,” Norman Raad of the Alliance Group said afterwards.
“Bridge Precinct- Fully Let”- further proof of the inner city succeeding
The developers of the ‘Bridge Precinct’ in Braamfontein have announced that all 5,000m2 of commercial space in the precinct is now fully let
Invest and retire at the station
Skyways, through its fully serviced, quality-furnished and centrally located accommodation for the retired, offers property investors a valuable entry into this severely under-catered for market
Central Johannesburg gets place of worship
The transformation of the Johannesburg CBD enjoys a further boost as Rhema Church has recently opened its doors to a new satellite venue
Investors capitalise on student accommodation
Aengus’ latest student apartment development, Parktown Views, has reached full tenancy – with an extensive waiting list of students still interested in renting these trendy apartments
Vital Signs
Just as it was with New York when it was in decline, so it was in Joeys. Maybe that’s because the media are basically the same whatever continent they are in, they just love bad news...
Heritage Petition: Laundry Lamentations
The Rand Steam Laundries buildings on the corner of Barry Hertzog Avenue and Napier Road has been illegaly demolished and action can be taken in terms of Heritage and other legislation: Read the history and assist with the petition
Students to experience Aengus’ upmarket way of life with Parktown Views
Aengus Property Holdings will change the face of student accommodation in the same way it has transformed city living with the launch of Parktown Views, 71 upmarket and affordable student apartments on Parktown’s border
Quality properties draw buyers
In A small but elite auction, six quality properties came under the Bidline hammer at Inanda Country Club on Tuesday
Recent Loan Stock Property Transactions
The PLSA summarises the latest transactions in the sector
Transportation: the key to unlocking quality urban form
The proposed transportation intervention is going to change the look and the feel of the inner city and improve our mobility but unless it also does a whole lot more, it will merely be meeting a knee jerk reaction fulfilling a passing need, the short-term transportation of 2010 visitors
Inner-city renewal has a salutary knock-on effect
As one block is upgraded, its neighbour is likely to get the same treatment
Turning slums into suburbs
Asset managers, institutions and listed property funds are starting to include residential property in their investment portfolios as the surge in demand for affordable housing is rapidly turning what was traditionally regarded as a high risk/low return sector into an attractive income play
Office Property Market set to shine
The SA economy is expected to show growth of 4.5% to 5% p.a. over the next 18 months. This is likely to drive demand for office space; however supply will remain constrained while vacancies are coming down
ApexHi Acquires Residential Portfolios
ApexHi Properties Limited has acquired two residential property portfolios (the Dunwell and Softstone portfolios) for R246-million and will invest a further R91-million in refurbishing costs in a joint venture with residential specialists, Aengus Property Holdings
City regeneration needs support of real estate sector
High level recognition of the critical need for entry level homes is manifesting in the regeneration of some of the country’s inner cities, and nowhere is this more apparent than in the City of Johannesburg, says Mike Bester, CEO of Realty 1 International Property Group
Is Johannesburg "a world class African city"?
Johannesburg is showing phenomenal population and physical growth as it reinvents itself, but the process is exhibiting extraordinary contrasts of regeneration and decay
Traffic a key factor in new developments
It will become increasingly important to invest in property close to work, business nodes and key transport routes
Jo’burg - A City Rejuvenated
Inner city regeneration around the world is not a new concept and in South Africa it is currently occurring in all the major centres. Success is universal and momentum is continually fuelled by newer and bigger public and private investment projects
Madison establishes new commercial property leasing business
A new national commercial property leasing business has emerged as a result of sector consolidation
Premium Properties Limited increases distribution by 18,9%
Premium Properties Limited’s annual results for the year ended 28 February 2007 reflect a perpetuation the company’s impressive growth record
Expression of Interest: Capital Raising for Property Finance
EXPRESSION OF INTEREST:CAPITAL RAISING FOR PROPERTY FINANCE TO SUPPORT PROPERTY DEVELOPMENTS ON CITY OF JOHANNESBURG OWNED LAND
Time for Sandton to take Gautrain construction pain.
First it was Rosebank, then Braamfontein, and now road diversions are to be introduced in Sandton from tomorrow to enable the Gautrain construction programme to go ahead.
Gauteng crowd finds demolition a blast
The blast was the biggest single surface blast of the project to date
Mapungubwe Apartment Hotel Opens In April
New Concept in Accommodation for Jo’burg’s Inner City
ApexHi Sells 11 Diagonal Street To Absa for R104-Million
ApexHi Properties Limited has sold its iconic "diamond building" – 11 Diagonal Street in Newtown, Johannesburg - to Absa for R104-million.
Orion Real Estate grows its assets
JSE-listed property fund Orion Real Estate Limited has purchased the Promenade Shopping Centre and Hotel in Nelspruit.
Aengus brings New York to Johannesburg with Tribeca Lofts
Aengus Lifestyle Properties continues to revolutionise urban living with the launch of its third residential building in Johannesburg’s inner city, Tribeca Lofts.
Pay attention to the urban voices
Two of the stories told in the new State of the Cities report offer rich insights into the way ordinary people live in SA’s post-apartheid cities but, at the same time, highlight the complex challenges city governments face.
Maiprop high-rise to house working class
BLACK-owned property investment company Mageba Investment Properties (Maiprop) is planning to build a multistorey, 200-unit residential building on a 3000m² piece of land owned by the company in the Park Station area, Braamfontein.
Hammer falls on 19 commercial properties
Nineteen buildings came under the hammer at the Auction Alliance multi-property sale in Rosebank
JHI GAUTENG BROKING TEAM BREAK R235 MILLION LEVEL
“It’s been a hectic 6 months! Our Commercial and Industrial broking team have concluded 65 individual deals worth over R237 million,” says Wayne Wright , Gauteng and International Director of JHI Real Estate.
Aengus Lifestyle Properties redefines city living
Johannesburg’s revitalisation has seen a once dormant and underutilised city centre become a trendy and increasingly desirable residential address.
Creation of great city park in Sandton proposed
A city park, involving investment of at least a R1bn, is on the cards for the heart of Sandton
More residential blocks planned for inner city
The CBD is big business for developers, with two more inner city buildings being converted into residential units and upmarket penthouses - The Steytler and 37 Quinn Street.
Evictions - between a rock and a hard place
A recent judgment has put the problem of inner city housing for the poorest of the poor squarely in the spotlight.
Introducing Aengus Property Holdings’ (APH)
By way of introduction for any reader(s) of this document we would like to furnish you with some company information, as well as information pertaining to our partners.
Office rentals on the up
Office rentals on the up
New BEE property company launched
A new property entity, Vusani Property Investments, with assets valued at 500 million rand has been launched
Sanlam Properties does black empowerment
Sanlam Properties gets together with Sifikile and Simeka Properties to establish Vusani Property Investments
The Braamfontein Property Market
The Braamfontein Property Market
New-look Alpina moves back into profit
Restructured property loan stock company has turned its fortunes around, reporting an after-tax profit of R7,9m for the year to June
Inner-city hues
Visual pollution or a chance to revitalise downtown Joburg?
Forest town Erven 80,81,82 - Invitation to notarially develop and purchase
Forest town Erven 80,81,82 - Invitation to notarially develop and purchase
No vacancies in commercial office sector as rents rise
Mixed areas satisfy residential needs
Top awards for Joburg landmarks
Nelson Mandela Bridge and the Constitutional Court have been recognised for their outstanding and innovative building techniques, winning Fulton Awards
Poma targets hot spots in inner-city Jo’burg
FIVE residential improvement districts will be rolled out in parts of the inner city in coming months.
Roodepoort CBD to get a makeover
Urban decay has set in in the Roodepoort central business district
RFP to develop and alienate Remainder of Erf 9 Hurlingham
JPC request for proposal
Benrose to benefit from regeneration
As part of its commitment to rejuvenating sections of Johannesburg that are lagging behind in economic and other development, the City council has tagged one more area for enhancement
Alpina adds Orion to growing portfolio
Property loan stock company Alpina Investment has announced the acquisition of the Orion property portfolio for R225m as it continues to look for properties that will generate more money.
Let there be traffic lights! (and power)
Lindsay Williams spends a frustrating day - along with many other motorists - stuck in gridlocked traffic without traffic lights due to power outages. With Silas Zimu from City Power
Property: Office space in short supply?
Lindsay Williams talks to David Green, managing director of Pace Properties, about the growing shortage of office space
At home in the office
"Convert and rent!" is the cry of inner-city developers who realise that the huge demand for rental accommodation more than covers redevelopment costs.
Milpark goes mixed-use
Old nodes with the potential for revival are beginning to be snapped up by developers
Developers welcome inner-city tax breaks
Deductions for renovations, new buildings will draw large investors, and should form part of integrated strategy, experts say
Call for Huddle Park development proposals
The City of Johannesburg is calling for detailed proposals for the development of the Huddle Park Golf Course into a mixed-use facility
Request for Proposal for Development
The City of Johannesburg Metropolitan Municipality hereby invites interested parties to submit development proposals to lease/purchase and develop Huddle Park