Category
Published stories attached to the Commercial category.
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Zimbabwe's High Court has granted Savvas Investments leave to sue OK Zimbabwe over a disputed commercial lease, allowing the property company to pursue eviction of the retailer from its Mount Pleasant premises despite its ongoing corporate rescue.
City Edge Developments has awarded a nine-year mandate to a consortium of Al Ashraaf Developments, SAM Developments and AWG to lease and operate the Mazarine Boulevard commercial promenade in New Alamein City.
City Lodge Hotels has finished a major refurbishment of the 91-room Courtyard Hotel in Summerstrand, Gqeberha, creating seven permanent jobs as the group extends investment to its Road Lodge and Town Lodge properties in the city.
McCormick Property's R3 billion Dan City development in Tzaneen is negotiating to build its own electricity substation, a move the developer says is needed before construction of the mall can advance.
Space Shapers Developments has launched Rawaj Business Complex, a 184-unit mixed-use project on a 4,062 square metre plot on the Central Axis of 6th of October City, west Cairo.
The Cube, an 80,000 square foot Grade A office building on Riverside Drive in Nairobi, changed hands after Batian Income Properties acquired Riverside Towers Limited, with GenAfrica Asset Managers running the investment vehicle.
Kigali Heights Development Company Ltd is being wound up after selling the Kigali Heights commercial complex to Yyussa Company in a deal valued at $31.8 million, with creditors given until October 10 to file claims.
A black woman-owned three-star hotel in White River, Mpumalanga, has received more than R3.5 million in blended government and development-finance funding to expand and upgrade its facilities.
President Cyril Ramaphosa has welcomed the opening of South Africa's first Club Med resort in KwaZulu-Natal, a more than R2 billion development he described as the largest hospitality investment in South Africa and SADC since Sun City opened in the 1970s.