Hamleys SA in business rescue as malls face more headwinds

Toy shop chain has already closed one of its biggest stores.
Suren Naidoo  /  28 February 2019 
Sad sight: Hamleys at Mall of Africa in Midrand. Picture: Moneyweb
World-famous toy retailer Hamleys’ South African franchise operator Ensolor is in financial trouble and has been put……more

How Cape Towns industrial rentals have grown

Rental growth affects values within the industrial property sector, plus is a large determinant of business costs. Knowing precisely what market rentals are doing is also an essential part of all rental negotiations.
According to Tony Bales of Epping Property, property……more

Discovery is paying R23 million a month to rent its shiny new head office, which has a roof-top running track

Business Insider SA
Discovery headquarters in Sandton (Boogertman and Partners)
Discovery pays roughly R23 million a month for its new head office in Sandton, Netwerk24 reported.
The building has a roof-top running track and gymnasium that can accommodate 3,000 members.
Developed at R3 billion,……more

Despite challenging retail market conditions Grit delivers robust interim results

Despite challenging retail market conditions, London Stock Exchange listed Grit today announced robust interim results for the period ending 31 December 2018 with robust operational, strategic and financial performance following its listing on the main board of the London Stock……more

First phase of R4.5bn OR Tambo mixed-use precinct development unveiled

13 FEB 2019  
OR Tambo International Airport has unveiled the first phase of a multi-billion-rand development plan for its Western Precinct which will feature new offices, retail space, hotel and conference facilities and additional transit-related services.
At a sod-turning ceremony for its……more

IREM gives commercial property management a boost with launch of African chapter

12 FEB 2019  
US-based Institute of Real Estate Management (IREM) has increased its global footprint to 15 with the recent launch of its first African chapter. IREM is responsible for determining global best practice, promoting superior management and maximising value of……more