Sandton property investors look beyond offices as market diversifies
Sandton's property investment proposition is broadening beyond offices as investors assess opportunities where industrial, residential, retail and hospitality demand converge.
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Published stories attached to the Commercial category.
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Sandton's property investment proposition is broadening beyond offices as investors assess opportunities where industrial, residential, retail and hospitality demand converge.
Hilton has signed an agreement with property developer Terrace Africa to establish a 140-room Hilton Garden Inn in Harare, marking its first entry into Zimbabwe.
Exclusive Shelters has partnered with Urban Shelters Infrastructure Limited to launch Phase Two of the Dei-Dei Ultra-Modern Market in Nigeria's Federal Capital Territory.
State-owned Transnet plans to sell 15 non-core commercial properties, including the historic Carlton Centre in Johannesburg and the Durban Station precinct.
Dipula Properties has agreed to buy a portfolio of nine shopping centres from Moolman Group and its co-investors for R2 billion, the landlord's most valuable transaction to date.
Kenya's High Court has upheld a Sh3.5 million damages award against Crown Paints for using a commercial building in Thika for advertising without the property owner's consent.
A growing pool of vacant retail and commercial space in South Africa is shifting the balance of power toward tenants, giving occupiers room to negotiate lease terms, fit-out contributions and flexibility that would have been difficult to secure just a few years ago.
JSE-listed REIT Vukile Property Fund has completed and opened a R76.1 million extension and refurbishment of Nonesi Mall in Komani, adding 3,100 square metres of fully pre-let retail space.
Johannesburg's commercial property market is valued at an estimated R196 billion below comparable Cape Town levels, with offices trading at roughly half the price per square metre, according to a Gmaven analysis.