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Privately owned construction company GVK-Siya Zama has completed construction of a 20-storey, 3 000-bed student accommodation block in Cape Town. The 77 000 m2 development also includes 6 700 m2 of retail space and a public square.
Construction work to convert the entity's Tippet building in Braamfontein into residential units is scheduled to begin in October.
Commercial properties company the Momentum African Real Estate Fund and South Africa’s Eris Property are developing a serviced apartment complex.
Sappi Limited Sappi Limited Registration number: 1936/008963/06 JSE share code: SAP ISIN:... | August 16, 2022
The International Finance Corporation (IFC) of the World Bank IFC today announced financing for a new investment platform managed by South Africa’s Eris Property Group. The financing aims to boost the development of affordable, quality, and resource-efficient student accommodation in South Africa, especially for low-income students. IFC’s 150 million rand ($10 million) equity investment in Eris’s South African Student Accommodation Impact Investments Proprietary Limited platform will help Eris develop and operate accommodation for up to 15,000 students over the next five years, helping ...