“Land Securities reported adjusted diluted net asset value per share fell 66,4 percent to 593 pence, below the average forecast of 601 pence given by seven analysts but within the forecast range of 589-607 pence.Its investment properties are now valued at 7,93 billion pounds. The dividend has dropped…

However, since last September’s credit crunch in Britain, the cost of finance for the lenders has increased and they are reviewing their lending criteria, preferring to offer finance to investment opportunities that represent the cream of the crop.The time has never been better to review the 10 golden…

In 2008 some 1,7m tourists visited Mozambique, the bulk from neighbouring South Africa.And as per a media release recently issued by Mozambique’s Ministry of Tourism, quoting Tourism Minister Fernando Sumbana, between 2005 and 2008 the average annual investment in tourism in the country was US$600m, which during 2007…

Ignatius Chivasa, the managing director of Ashley Properties, said though gradually adjusting, the market was still quoting “wayward prices”  that are out of sync with both their real value and international rates, which sagged as local prices surged.Properties in Europe and North America have lost more than half…

It’s a bitter lesson in how environmentalists and developers must still learn to work together. The applicant is developer Robby Wray’s company Wraypex, which has created the Blair Atholl golf estate on 600ha northwest of Johannesburg, between the Cradle of Mankind, the Renosterspruit conservancy and Lanseria airport. The…

Under the deal signed in 2007, the pay-as-you-go pension scheme committed itself to bankrolling the construction of the hotel before handing it over to the RTG to run the property.The NSSA/RTG three-star hotel project was among the facilities Zimbabwe hoped to utilise to generate the much-needed foreign currency…

Collectively, the 115 economies surveyed account for 96 percent of the world Gross Domestic Product (GDP). The International Property Rights Index, inaugurated in 2007 and produced every year by the United States-based Property Rights Alliance (PRA) and its partners, ranked Zimbabwe and four other countries in position 109…

CABS will be reopening its money transfer business, CABS Global, as management eyes the improved foreign currency inflows from Zimbabweans in the diaspora who are equally excited about the positive developments in their country.The mortgage lender, together with other building societies had been hit hard by the decade-long…

Hawkflight has won several tenders from the council in the last few months.Last year it was awarded a contract to build 185 houses in Pelandaba West. It says it has built more than 1 000 houses in the Cowdray Park area.The proposed hotel is on a two-hectare plot…

NSSA was allocated 700 stands in Pumula South in October 2006. It was supposed to develop them within a year with the project being completed in three years but acting director of engineering services Job Ndebele said there was no activity so far. The authority had not even…