Industry News eProp Commercial Property News South Africa A RSS feed of latest commercial property stories De Beers mulls interest in mines De Beers has received approaches from potential investors interested in purchasing Namaqualand Mines and Finsch Mine in the Northern Cape. Medi-Clinic subsidiary acquires hospital Medi-Clinic Corporation's Swiss business, Hirslanden, has acquired a 66.67% interest in Klinik Stephanshorn from the Blumenau-Leonie-Hartman Foundation. Time for a switch? Investors in SA commercial property funds should strongly consider switching into foreign property funds, advises Simon Pierce, CEO of Marriott Asset Management. Deserving city lodge hotels Celebrating its 25th anniversary this year, City Lodge Hotels is a trailblazer in the SA hotel industry, having effectively pioneered the selected services hotel concept. City office block lease all about location Nelson Mandela Bay Municipality has defended its decision to renew the multimillion-rand lease of floor space in property magnate Yossuf Jeeva?s Kwantu Towers block. Tribunal approves Redefine/Hyprop deal Redefine has received unconditional approval from the Competition Tribunal for the acquisition of 19 686 558 units in Hyprop Investment Limited. Tenants? rising costs ?a problem for rental market? Vukile Property Fund has warned that increases in electricity prices and higher municipal rates would push tenants? costs higher. Mozambique tipped for retail boom Retail development in Mozambique is set to grow significantly over the next few years. Markets for property still in deep sleep Property markets across the board are still in hibernation mode, according to the latest Rode?s Report on the State of the Property Market. Major revamp for Musgrave Centre SA Corporate Real Estate Fund has recently announced plans for renovating of one their flagship buildings in KZN, Musgrave Centre, to the value of R140 million Top green management tips for operating a sustainable building Architects and builders are just the first in a long line of professionals who influence a building's environmental sustainability over time Nedbank funds affordable housing development in Mitchells Plain The development, known as Watergate Estate, is the anchor project of the City of Cape Town?s Urban Renewal Initiative and will be the first privately funded affordable housing development in the Western Cape Tenants negotiating more than ever Prospective tenants, whether they are looking for a renewal or new premises, are doing their sums. They?re also more informed when it comes to available properties on the market Paving the way to acquiring Hyprop? Redefine Properties Limited has received unconditional approval from the Competition Tribunal for the acquisition of Hyprop Investment Limited Offshore property offers rand hedge SA will have an opportunity to own properties in Germany and the UK by buying shares in Redefine International, which is expected to have an initial market capitalisation of R2,5bn. Gold Reef expects lower earnings Gold Reef Resorts Limited expects earnings per share and headline earnings per share for the six months ended 30 June 2010 to be 20% to 25% lower. Mozambique retail sector set to soar: JHI Retail development in Mozambique is set to increase significantly over the next few years, business development director for JHI said. Market demand accelerates rapid progress of N4 Gateway The rapid development and construction progress of the 46-hectare N4 Gateway park in Pretoria?s eastern suburbs is testimony to increased availability of bank financing and lower building costs which favourably position local business to plan for future growth Educational facility sold for record R17 million Auction Alliance?s July auctions shown that well situated properties are still attracting strong demand, with the Johannesburg auction seeing a well planned and purposely designed education facility in Centurion sell for R17.25 million Scenic Mount Sheba Game reserve goes under the hammer The Mount Sheba Game Reserve in Nelspruit will be auctioned at Auction Alliance?s August multiple commercial auction