What happened, and who moved.
Western Cape-focused real estate investment trust Spear REIT has concluded a long-term agreement with Mambos Storage & Home to develop the retailer’s flagship 7,150 m² distribution centre in Blackheath, Cape Town. Mambos has grown into one of South Africa’s leading retail and wholesale distributors of storage,…
Demand for office and retail space in Cape Town has surged over the past year, driven partly by semigration trends, with some areas reaching pre-pandemic occupancy levels.
A major redevelopment project at Bayside Mall in Cape Town will introduce new retail offerings, a renovated food court, and improved shopper circulation with a contemporary refresh.
Cape Town's clean financial audit and infrastructure investment are attracting significant property investment and supporting commercial real estate demand.
A historic post office building in Muizenberg, South Africa is being transformed into a mixed-use collaborative hub featuring office, retail, industrial, hotel and residential components.
A Growthpoint-developed Canopy by Hilton hotel project in Cape Town has received recognition as an overall winner at a major property awards program.
A landmark office and retail property in Bellville is being offered at auction.
Growthpoint Healthcare agreed to acquire Auria Senior Living -- four senior living communities across Johannesburg and Cape Town housing 900+ residents -- for R2.4 billion, subject to regulatory approval, taking its healthcare AUM to ~R6.2 billion.
Zimbabwe-listed Rainbow Tourism Group's South African unit acquired a seven-storey office/retail building at 13 Buitengracht Street, Cape Town, from Elleke Hospitality for ZAR98 million ($5.6m), for conversion into a branded hotel -- RTG's first South African market entry.