Shoprite Group and four other global retailers establish grocery retail venture capital fund
Five of the world’s leading grocery retailers, including the Shoprite
Group, have established a pioneering collaborative venture capital (VC)
fund, W23 Global, which seeks to invest in innovative start-ups and
scale-ups that deploy technology to enhance customer experience,
transform the grocery retail chain, and address the sector’s
sustainability challenges. Each of the retailers i.e., the...
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RE-TEC Solutions receives strategic investment from REdimension
RE-TEC Solutions, a PropTech company providing intelligent technology
aimed at revolutionizing the management of retail property assets, as
received a strategic investment from the REdimension Real Estate
Technology and Sustainability Fund, marking a significant milestone for
RE-TEC to expedite its platform development roadmap and to bolster its
growth strategy across South Africa and targeted global...
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Discovering Atmosphere: The journey of Africa’s youngest corporate real estate visionary
By Daryn van Heerden, CEO of Atmosphere Property Group. Looking back at
my path with Atmosphere fills me with immense pride and a sense of
longing for those early days. My journey started in 2021 as a young,
zealous individual at the age of 23, venturing into the complex realm of
corporate real estate, armed...
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New date for Cape Town’s Foreshore Tower site auction
UPDATE: The City of Cape Town has changed this auction’s date from the
27th of March 2024 to the 25th of April 2024. The City of Cape Town has
released the details for its upcoming auction which includes a 99-year
lease for a 25 000m2 bulk tower block development in the Foreshore
precinct, adjacent to the...
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South Africans still value shopping in person says Redefine
South Africa’s retail sector was severely affected by the pandemic, and
it was believed that the retail industry would face a difficult
recovery. However, the sector has shown remarkable resilience with
turnover now surpassing pre-Covid-19 levels. Although e-commerce has
grown tremendously as a result, South Africans have returned to shopping
centres over the past three...
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Energy Performance Certificate deadlines loom for commercial property owners
Time is running out for property owners of occupancy classes specified
in the EPC regulations to obtain and prominently display an Energy
Performance Certificate (EPC) or risk a fine of up to R5 million, up to
five years imprisonment – or both. Property owners who have paused – or
not yet started the certification process...
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Rainmaker Marketing’s second Property Report delves into the Western Cape’s fast-growing real estate landscape
Global property and lifestyle marketing agency, Rainmaker Marketing, has
released its second Property Market Report which focuses on the Western
Cape, delving into the fast-growing real estate landscape in Somerset
West and Stellenbosch and offering invaluable insights into semigration
patterns, regional economic outlooks, building plan activity, and a
holistic take on the province’s real estate...
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Global green building alliance set to bridge ESG gaps between finance and the real estate sector
The world’s leading green building certification bodies – UK-based
Building Research Establishment (BRE), the U.S. Green Building Council
(USGBC), and the Green Building Council of Australia (GBCA) – have
formed an alliance to create global cohesion in green building
standards, bridging the gap between green buildings and the ESG
(environmental, social, governance) reporting requirements of...
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Growthpoint Healthcare REIT completes R106.4m acquisition of Joburg Eye Hospital
Growthpoint Healthcare REIT has completed the R106.4 million acquisition
of the Johannesburg Eye Hospital in Northcliff – its ninth asset and
second specialist healthcare facility in its portfolio. The premier eye
hospital in South Africa specialises in eye surgery, laser eye
procedures and it includes the Medwedge Stepdown Facility. Launched in
2018 as South...
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Standard Bank partners with ooba Solar to enhance access to home solar systems
Standard Bank and ooba Solar (a subsidiary of ooba Group) have partnered
to make solar financing more accessible and affordable to South African
households. The initiative is focused on developing finance options to
assist new and existing homeowners with the move to solar. New home loan
customers can now benefit from an automatic assessment on...
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