Johannesburg, October 2011: As Absa Bank predicts a gradual recovery in the Johannesburg property market, and eliminates the imminent prospect of further growth, the listed property stock Redefine has publicised its plans to pay cash for 14 office and industrial properties belonging to the Zenprop group. The high-quality industrial property portfolio has a R1,8 billion price tag. Redefine wants to raise the profile of its core property portfolio to one with greater focus on well-situated, single-tenanted investment properties from the...

The Toyota South Africa Motor parts distribution warehouse centre has been completed according to the recent announcement by the property developer Investec Property. This mammoth warehouse in Johannesburg is situated in the Ekurhuleni district, on the East Rand, and is within earshot of the OR Tambo International Airport. Investec Property was responsible for managing the project, selecting a suitable location as well as the sourcing and installing services. The Toyota South Africa distribution centre’s early phase consisted of 48 000 metre...