Johannesburg & London, 9 December 2015 - JLL (NYSE:JLL) today announced the acquisition of Trussard Property Consultants, a leading local real estate leasing and investment agency business, based in Johannesburg. The addition of Trussard will further accelerate the strong growth momentum in JLL’s South Africa business which is based in Rosebank, Johannesburg.
Actis, a leading emerging market investor, has announced an investment of R760m (US$54m) in Food Lover’s Market, estimated to be the largest independent food retail group in Africa. Actis is acquiring a substantial minority stake in the business and backing founders Brian and Mike Coppin, together with the existing management team, who have created a remarkable success story based on a market leadership position in fresh produce retail.
South Africans with property in the UK will in future be liable for capital gains tax there once they sell their property.
Lonrho Hotels, a division of London-listed property group Lonrho Plc, has entered into a 10-year management agreement for the 450-room Grand Hotel in Kinshasa, the capital of the Democratic Republic of the Congo (DRC).
MINERALS explorer African Eagle Resources would focus its efforts and resources on developing its $450mwa Dutwa nickel project Dutin Tanzania, chairman John Park said on Friday.
South Africans are showing an increasing appetite for prime central London residential property, reports Andy Collett, a director of Pam Golding Properties International Division.
If you thought fashionable inner-city apartments in South Africa were getting pricey, spare a thought for those trying to find a trendy loft in London or New York.