Projects Magazine

Property Point graduate, and founder and CEO of Integrico, Letty Ngobeni, has been named Business Woman of Year in the Entrepreneur category of the Gauteng regional finals of the 2017 SA Women in Property Awards presented by RICS and the Women’s Property Network. Property Point, a Growthpoint Properties initiative, is transforming the South African economy and society by building sustainable small businesses working in the property industry. Ngobeni is a graduate of its enterprise and supplier development programme. The Gauteng regional awards were presented on 31 August 2017, and the national winners will be announced at a gala dinner in Johannesburg in October. An entrepreneur from the age of 12, Ngobeni is also a former secondary school teacher, specialising in business economics, accounting and organisational management. It has provided her with an exceptional grounding in business and a love for it. What’s more, it has entrenched in her a deep passion for learning, and she c...

Growthpoint Properties today posted distribution growth of 6.9% per share for its half-year to 30 June 2017, taking its full-year distribution growth to 6.5% per share and delivering results ahead of its market guidance. Growthpoint increased its annual distributions 10.4%, paying R5.6bn to shareholders this financial year. It also made significant strategic progress, boosting its international exposure to 30.0% of its asset value of R122.3bn, assembling a portfolio of assets for its new Healthcare Fund and receiving income from its new Trading and Development business for the first time. Norbert Sasse, CEO of Growthpoint Properties, attributes the positive results to a good performance from Growthpoint’s investments as a whole, along with new income streams introduced this year. Growthpoint maintained high occupancy levels, achieved good leasing results, and kept its costs well contained. The overall expense ratio of its South African portfolio remained stable at 27.1%. Comme...

Innovators from the financial and property development sectors share green ambitions with their peers in a symbolic turning point for South Africa’s built environment 11 August 2017, Johannesburg, South Africa: More than eighty CEOs and their management teams from South Africa’s finance and property development sectors attended a forum today to share the business case for committing to design and certify their new homes with EDGE. Hosted by the International Finance Corporation (IFC), a member of the World Bank Group that focuses on the private sector, the event took place at Drivelines Studios, located in the heart of Maboneng, a residential complex made of up-cycled shipping containers that is still undergoing the final stages of construction. At the forum, property developers revealed to their peers the facts and figures behind their decisions to green their portfolios going forward. Their insights reflect the industry’s experience that more customers are demanding homes that...

Habitat for Humanity and UN-Habitat host land and housing policymakers and practitioners from across Africa Pretoria, 15 August 2017 – Habitat for Humanity’s Solid Ground Campaign in association with the Urban CSO Cluster of the Global Land Tool Network (GLTN) of UN-HABITAT are hosting a conference in Pretoria, August 15-17, 2017. The event will focus on land governance and management in Africa. Land is integral to securing shelter, agriculture for food security, mobilising investments and for the sustainable management of resources. The conference is taking place in partnership with the Namibia University of Science and Technology (NUST), Habitat International Coalition (HIC), the Huairou Commission, and Slum/Shack Dwellers International (SDI). It will see stakeholders from multiple sectors come together to explore approaches to land governance for inclusive and sustainable development in Africa. Torre Nelson, Area Vice President of Habitat for Humanity International welcomed d...