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Top propertywheel.co.za News

City Seeks Comment on Athlone Stadium Parking Revamp
Cape Town · Cape Town

City Seeks Comment on Athlone Stadium Parking Revamp

The City of Cape Town’s Economic Growth Directorate has announced a significant opportunity for community engagement regarding a proposed mixed-use development on part of the Athlone Stadium’s parking area, Cape {town} Etc reports. This initiative is designed to revitalise the stadium precinct and promote socio-economic growth once the public comment period opens from 6 June to 7 July 2025. Residents, businesses, associations, and potential inve…See the Story
SAPOA: SA’s shopping centres reported slower, but still positive, trading performances in Q1 2025 – Property Wheel
South Africa · South Africa

SAPOA: SA’s shopping centres reported slower, but still positive, trading performances in Q1 2025 – Property Wheel

Institutionally owned shopping centres in SA reported slower, but still positive, trading performances in the year to March 2025 with annualised trading density having grown by 3.5%. For more detailed information on SA’s retail trends during Q1 2025, download a free copy of the latest report here (free to SAPOA members only). How to access SAPOA’s reports: Visit www.sapoa.org.za. Login/register on SAPOA Members Click on ‘Reports’ Click on ‘Free…Read Article
Fairvest to acquire 5 retail assets, increases stake in Dipula Properties – Property Wheel
KwaZulu-Natal · KwaZulu-Natal

Fairvest to acquire 5 retail assets, increases stake in Dipula Properties – Property Wheel

Fairvest Limited is acquiring five retail assets in KwaZulu-Natal and the Western Cape for R477.7 million with a blended yield of 9.81%. The Company has concluded agreements to acquire Nquthu Shopping Centre, Ulundi Shopping Centre and Eyethu Junction from Collins Property Group for a total purchase consideration of R208.7 million as well as Shoprite Manguzi for R136 million (subject to conditions precedent). In addition, Fairvest has also enter…Read Article

SA’s REIT sector surpasses R250bn market cap – the first since January 2020 – Property Wheel

South Africa’s REIT sector continued its upward trajectory in May 2025, posting a 4.1% gain – once again outperforming the equity market (3.1%) and bonds (2.7%). This latest increase builds on April 2025’s 6.9% surge, bringing the sector’s year-to-date return to 6.7% – a significant recovery from the slow start in January 2025. While the sector’s performance still trails the broader equity market’s 14% gain, SA REITs have now outpaced the bond m…Paarl · PaarlRead Article

Reside Summit returns with bold focus on PropTech and opportunity – Property Wheel

South Africa’s premier residential property gathering, Reside Summit, is returning in 2025 with a bold focus on PropTech and opportunity. In an industry long perceived to be change resistant, a behind-the-scenes revolution is reshaping the residential landscape – PropTech, which once a marginal convenience, has become a core engine of growth, driving down fixed costs, unlocking new efficiencies and powering innovation across residential property…Property · SandtonRead Article

Redefine Properties signs 37GWh renewable energy supply agreement – Property Wheel

Redefine Properties has signed a renewable energy supply agreement with the NOA Group, an integrated renewable energy utility, for 11 of its Eskom-connected assets. The agreement will produce 37GWh per year over a 20-year period, reducing Redefine’s CO₂ emissions by over 39 000 tonnes annually.  NOA will source the renewable energy from both third-party Independent Power Producers (IPPs) and its own generation facilities. One of the sites supply…Eskom · WelkomRead Article

Heartwood Properties secured its largest land deal during FY2025 – Property Wheel

Heartwood Properties, a commercial property development and investment company listed on the Cape Town Stock Exchange (CTSE), has reported a solid operational and financial performance for the year ended 28th February 2025. “We are very pleased with our results in a fairly tough market,” says John Whall, CEO of Heartwood Properties. “What is most important to note is that we are set up for a lot of growth. We have refinanced our portfolio on muc…Property · StellenboschRead Article

Carbon tax changes to reshape commercial and industrial property sector

By Matthew Cruise, Business Development Executive at IMPOWER As South Africa prepares to enter Phase 2 of its carbon tax regime in 2026, the commercial and industrial (C&I) property sector is facing a major regulatory inflection point. With tax-free allowances set to shrink and effective carbon prices rising steeply over the next five years, property...Property · South AfricaSee the Story

The State of SA’s Property Market in Q1 2025 – Property Wheel

The South African property market demonstrated remarkable resilience in early 2025, standing firm like a lighthouse amid economic and political turmoil. The resilience is reflected in the recovery of share prices of listed property funds and the declining local long bond yields towards the end of April and during May, signalling renewed investor confidence. Additionally, the underlying fundamentals of the property market continue to show encoura…Cape Town · Cape TownRead Article

Gauteng Partnership Fund calls on developers to apply for funding from its Rental Housing Fund – Property Wheel

The Gauteng Partnership Fund (GPF) is encouraging property developers to apply for funding from its Rental Housing Fund as part of its mission to promote affordable and quality accommodation. The demand for affordable rental housing continues to exceed supply, particularly in urban areas in Gauteng. Addressing this housing shortage is not just a matter of infrastructure but a critical step towards social equity and economic development. Gauteng …Infrastructure · JohannesburgRead Article

McCormick Property Development opens 88th retail development, Leeuwfontein Crossing – Property Wheel

McCormick Property Development have launched their 88th retail development in Leeuwfontein, Marble Hall, Limpopo. In an ode to the original McCormick Property Developments opened between 1983 and 2008, Leeuwfontein Crossing boasts the signature ‘Umhlanga Wave’ blue roof that was synonymous with their older developments. The Group’s founding years saw developments take on a look and feel that became iconic in the rural retail space with single-le…Limpopo · LimpopoRead Article

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