Construction World SA

Nicholas Mahlangu has been promoted to Director of Citi-Con, a leading building and infrastructure maintenance and repair company. https://lnkd.in/d7g6VzBG

Michel Denis, President & Chief Executive Officer for MANITOU Group, stated "The group’s 2024 revenues are in line with its expectations, 7% lower than in 2023. This decline is particularly noticeable in Northern Europe, especially Germany and the Nordic countries. 4th quarter 2024 activity is decreasing compared to 4th quarter 2023, which had reached a record level, creating an unfavorable base effect. https://lnkd.in/dQq5etxj

The South African multifamily residential rental sector is emerging as a formidable asset class for institutional real estate investors. The South African Multifamily Residential Rental Association (SAMRRA) is at the forefront of this transformation, driving a concerted effort to unlock and leverage data to enhance understanding of investment opportunities and benefits the multifamily residential property sector delivers. Established nearly a year ago, SAMRRA has released its second insight-rich and pivotal report about the sector, compiled by the Centre for Affordable Housing Finance (CAHF). https://lnkd.in/djiwgQHR

One of Cape Town’s most exciting mixed-use developments, Conradie Park is opening doors for young people to develop new skills and gain critical experience in the workplace. The large-scale mixed-use development in Pinelands – where work began in 2019 – is creating over 4 000 new affordable homes served by a retail centre, a town square, a community centre, park and schools. In collaboration with the Western Cape Government,Concor Construction (Pty) Ltd is proud to be part of this R5-billion 22-hectare project designed to foster economic inclusion and provide greater opportunities for wealth distribution, particularly benefitting underprivileged communities. https://lnkd.in/d2nXUzPb

South Africa’s office real estate market is poised for a transformative year in 2025, with Cushman & Wakefield | Broll Property Group (Pty) Ltd predicting that it will mark the end of a lengthy ‘tenant-market’ cycle and as property demand-supply dynamics are shifting in favour of landlords. In the year ahead, the property solutions leader expects more office real estate deals to flow, increased office space take-up and rental growth driven by solidified hybrid work policies, an evolution in tenant-controlled office designs, and even the re-emergence of new development in some locations. https://lnkd.in/dJkuKteH

Long burdened by economic uncertainties, rising costs, and regulatory constrictions, the Middle Eastern and African construction industries have faced their share of challenges, with South Africa experiencing the additional threat of construction mafias. This promising outlook is reinforced by RIB Software’s 2025 Industry Outlook Survey, which reveals a wave of optimism in the construction sector. With 97.6% of respondents anticipating revenue growth and a robust project pipeline, the construction industry is poised to capitalise on new opportunities in the coming year. https://lnkd.in/dxYHZ2eW

Speculation about the upcoming interest rate announcement by the South African Reserve Bank (SARB) suggests a 25 basis point rate reduction - a small yet significant change that John Jack, CEO of Galetti Corporate Real Estate, believes will help accelerate economic growth in 2025. https://lnkd.in/deCgvZVv

As Africa’s construction industry embraces greener practices in meeting its infrastructure needs, CHRYSO Southern Africa is on board with a rebranded focus on sustainability. https://lnkd.in/dS-QAvAH

The Public Investment Corporation (PIC) on behalf of its client, has made a landmark investment in Divercity Urban Property Group, South Africa’s leading investor in affordable rental housing. This marks PIC's first investment in the multifamily residential rental sector. https://lnkd.in/dtNhFeZH

The Nordex Group is pleased to announce the appointment of Robert Timmers as the new Managing Director for Nordex Energy South Africa (NESA). With over a decade of experience in the wind energy sector, Robert returns to South Africa after successfully leading Nordex Australia as Managing Director, where he oversaw the supply and commissioning of a landmark 1GW wind farm project – the largest wind farm in the Southern Hemisphere. https://lnkd.in/dWVeUeZm