Hyprop Investments has sold a 50% stake in Johannesburg’s Hyde Park Corner shopping centre to Millennium Equity Partners for R805 million, with an option to sell the remaining share. The deal aligns with Hyprop’s strategy to focus on regional malls and expand into Central and Eastern Europe. Millennium’s Thato Faku says the acquisition demonstrates their commitment to high-quality, community-focused retail assets. Proceeds will reduce Hyprop’s debt and fund growth initiatives, pending regulatory and shareholder approvals.

Growthpoint’s Thrive Student Living unveiled a powerful mural by Thobile Mavuso at Arteria Parktown, a 500-bed student residence in Johannesburg. The artwork, titled Ukuzilanda Ukuzilandela Nokuzelapha, celebrates cultural identity and healing. This initiative highlights Thrive’s commitment to student wellbeing through art, sustainability, and holistic campus living.

Luxury penthouses have popped up all over the country over the last decade offering some of the most spectacular views and luxury living. From Cape Town to Sandton, and now also in the Menlyn Maine precinct in Pretoria, these are now sought-after by high-end buyers.

Cape Town’s luxury property market is seeing a notable surge, with Simon’s Town emerging as a sought-after location for high-end buyers. The scarcity of luxury townhouse developments along the Southern Peninsula, coupled with the area’s breathtaking views and proximity to attractions like Boulders Beach, recently ranked second in the 2024 Golden Beach Awards, has fuelled interest from both local and international investors.

The South African Real Estate Investment Trust (REIT) sector is poised for growth in 2025, driven by improving investor sentiment and property fundamentals, rising consumer confidence and falling interest rates.

Cape Town experienced a record-breaking year in tourism and the property market, with significant high-value property sales driven by local and international buyers. The city's growth was particularly strong in luxury areas like the Atlantic Seaboard. Despite global challenges, Cape Town continues to attract investment, signaling a strong market outlook.

The Public Investment Corporation (PIC) on behalf of its client, has made a landmark investment in Divercity Urban Property Group, South Africa’s leading investor in affordable rental housing. This marks PIC's first investment in the multifamily residential rental sector.

The recent launch of Attacq's Green Seeds competition, in collaboration with Property Point, shows how the company is not only working on its own practices but also setting a positive example for the whole industry. The competition is an example of Attacq’s strategic drive to integrate sustainability into the core of its operations, creating long-term value for communities, the environment, and the property sector.

Never underestimate the power of space. Whether it’s a space you live, work, or gather, spaces have the inherent potential to inspire new ideas, incite meaningful action, and instil a sense of purpose that takes people and the spaces themselves forward. 

One of Cape Town’s most iconic historic properties is for sale for the first time in many years, Trovato House is an impressive manor house in Upper Wynberg with late Victorian and neo-classic architectural details. It was designed by Sir Herbert Baker’s practice and took more than three years to build - from 1898 to 1902.