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Super-rich buying houses again
The market for super-luxury houses has started to come to life again, especially in Johannesburg, and players have done some massive deals this year.
Construction firms cry foul over cancellation of PPPs
The government could face claims amounting to tens of millions of rand as construction firms plan to seek compensation for costs incurred when submitting bids for the lon...
China's construction binge
When China announced a nearly $600bn package to ward off the 2008 global financial crisis, city planners across the country happily embarked on a frenzy of infrastructure...
The Grace sold off
The Grace Hotel in Rosebank previously managed by listed hospitality group African Sun has been sold off to Southern Sun for more than $10 million.
Last Updated ( Wednesday, 12 October 2011 10:10 )
Chinese target Shelter Afrique
Kenya-based housing and urban development financier Shelter Afrique which recently availed a $7 million mortgage facility in Zimbabwe through BancABC is in negotiations t...
Last Updated ( Thursday, 22 September 2011 11:13 )
Larfarge records $0,4m loss
Cement producer Larfarge Zimbabwe has recorded a $0,4 million loss for the HY11 compared to a $3,1 million profit the previous year.
Last Updated ( Monday, 05 September 2011 10:09 )
Meikles dispose of Cape Grace Hotel
Meikles Limited says it has received regulatory approval to dispose of its interest in the Cape Grace Hotel to Mentor Holdings.
Pearl’s rental income up
Listed property group Pearl Properties says it recorded a rental income of $3,9 million compared to $3,3 million the previous year.
Last Updated ( Thursday, 18 August 2011 10:47 )
Munyeza checks out of Dawn
African Sun group chief executive officer Shingi Munyeza has resigned from the board of listed property group Dawn Properties.
$97m Beitbridge facelift
Beitbridge Border Post is set for a US$97 million facelift which promoters of the project say will cut by up to 75 percent transit delays that currently last as long as f...
Embattled SA hotels batten the hatches
News that the five-star Grace Hotel in Rosebank, Johannesburg, will close its doors at the end of August and owners Hyprop are considering what to do with the property is...
Last Updated ( Tuesday, 02 August 2011 12:48 )
IMF: Property bubble in China a concern
The International Monetary Fund said on Wednesday it remains concerned with the potential for a property price bubble in China even though the country's elevated inflatio...
Construction slowdown hits Group Five
Construction group Group Five revealed on Tuesday that fully diluted headline earnings per share for the full year ended 30 June 2011 are expected to be between 45% and 5...
Last Updated ( Wednesday, 06 July 2011 10:37 )
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