Tag: South Africa property market

Balfour mall
BusinessHot News

Fortress Real Estate acquires control of Balfour Mall, plans redevelopment

Fortress Real Estate has acquired control of Johannesburg’s Balfour Mall and plans a major redevelopment targeting 2027 reopening.

Timilehin Adejumobi Timilehin Adejumobi
Atterbury auctions City Lodge Newtown for $3.5 million, eyed for residential conversion
BusinessLuxury

Atterbury auctions former City Lodge Newtown after closure in South Africa

Atterbury Property has sold a shuttered hotel in Johannesburg, a move that reflects how developers are rethinking the future of inner-city real estate as demand shifts away from traditional hospitality.  The former City Lodge Hotel in Newtown, once marketed as a base for exploring the city’s cultural district, was auctioned for close to $3.5 million, according to market estimates. The…

Oluwatosin Alao Oluwatosin Alao
Emira expands stake in SA Corporate REIT
BusinessHot News

Emira deepens SA Corporate Real Estate bet with $23.2 million share purchase

Emira Property Fund boosts its stake in SA Corporate Real Estate with a $23.2 million share purchase, strengthening its REIT exposure.

Feyisayo Ajayi Feyisayo Ajayi