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Ingenuity acquires 9 prime Cape Town properties for R866m

Western Cape-based, JSE- listed property investment and development company, Ingenuity Property Investments Ltd, is acquiring nine additional prime Cape Town properties for a total consideration of around R866million. Transfer is expected on 1 September 2013. These fully tenanted retail and commercial properties include five buildings in...

Rabie Property Administrators’ portfolio grows to R3,5 billion

Rabie Property Administrators (RPA) has secured two new management contracts boosting the value of its portfolio under administration to more than R3,5 billion. The contracts include the Old Biscuit Mill in Albert Street, Salt River as well as Indigo Properties’ Cape Town CBD portfolio of eight...