News by Country
Published stories attached to South Africa.
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Western Cape-focused REIT Spear has signed a long-term agreement with retailer Mambos Storage & Home to develop a 7,150m2 flagship distribution centre in Blackheath, Cape Town, at a cost of about R90 million.
The Bothasig Residents' Association has asked the City of Cape Town to assess whether the suburb's water, sewerage, electricity, stormwater and road networks can absorb a growing wave of higher-density housing developments.
The City of Cape Town has begun drafting refined development guidelines for large-scale data centre applications, confirming that a contested hyperscale rezoning approval remains suspended while an appeal is decided.
Civil society groups have lodged a formal appeal against the land-use approval that lets US technology company Equinix build a hyperscale data centre at King Air Industria in Cape Town, saying the impact on nearby communities, water and electricity was never properly assessed.
Government-subsidised RDP houses can be inherited securely only where a registered title deed proves ownership and a valid will names the heir, and more than 1.2 million South African households still lack a title deed, according to Human Settlements Minister Thembisile Simelane.
A Special Investigating Unit probe has found that 208 municipal stands in Villa Liza township near Boksburg were fraudulently transferred into private hands using forged documents, with the properties valued at about R58 million.
YW Capital and RMB have completed a R2.25 billion transaction that places three Pepkor distribution centres into a new industrial property platform, IronOak, releasing about R2 billion of capital to the retailer.
Listed Accelerate Property Fund has disposed of Cedar Square, its second-largest asset, for R630 million to an entity owned by Big Apple Trust, in a deal that will require shareholder approval.
Cape Town has released the nearly 72-hectare Annandale Farm site along the N7, valued at about R256 million, for affordable housing through public-private partnerships, but Dunoon residents who waited decades for homes say the plans are unlikely to serve them.