Professor Graham Paddock deals with the importance of levy collections in community schemes. It provides a wide-angle view of levy collections to highlight the broader implications of non-payment and the necessity for equitable dispute resolution orders.
Planning and real estate can shape a better South Africa, and SAPOA is positioned at the forefront of building a better future. With the new Government of National Unity (GNU) and growing positive sentiment in and about South Africa, the new President of SAPOA discusses the organisation’s role in seizing the opportunity presented by the current climate of cooperation and progress.
Wits University announced on 18 September 2024, that proceeds from the initial R200 million sale of the Frankenwald Estate will be put into an endowment to benefit future generations. The transfer of the Frankenwald Estate in Gauteng, from the University, to the Bankenveld District City Development Company. This concludes a process initiated in February 2019 when the University agreed to sell the land to a property consortium comprising of the Eris Property Group and CalgroM3 Property Developers.
Vukile Property Fund (JSE: VKE), the leading specialist retail real estate investment trust (REIT), has confirmed that its 99.5%- owned Spanish subsidiary, Castellana Properties, has signed a €254 million financing agreement with Aareal Bank A.G. Banco Santander and BBVA support the five-year agreement, further diversifying Castellana’s sources of funding.
In Johannesburg, City Improvement Districts (CIDs) are playing a crucial role in urban development and management. These districts, driven by collaboration between property owners and tenants, are addressing critical urban challenges and enhancing the quality of our business environments.
In the rapidly evolving world of commercial, retail, and industrial real estate, property asset management has become a sophisticated blend of technology, strategic thinking, and relationship management. At the heart of effective asset management is the ability to make informed decisions based on reliable data.
Earlier this month the Burstone Group announced a series of transactions across its various markets, including a strategic partnership with Blackstone in Europe, which marks the acceleration of the Group’s international fund and investment management strategy.
Phase 2 of our Barlow Park Development is well underway, with 846 residential units set to be completed by July 2025. The first units are scheduled for occupancy in April 2025.
Fourways Mall, South Africa’s largest shopping destination, continues its forward momentum with significant strategic upgrades and the introduction of an impressive array of new retail brands. With the recent appointment of Flanagan & Gerard Group and Moolman Group as strategic asset managers and property managers, the mall is not only redefining its retail landscape but also enhancing the overall shopping experience with cutting-edge technology and customer-focused improvements.
Recently, the Durban High Court in Naidoo v Changing Tides 17 (Pty) Ltd set aside a sale in execution and declared the subsequent transfer of immovable property to a third party invalid after determining that there was no legal basis for attaching the property.
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