Sandton property on market for record R60m Need a new home and have R60 million to spare? An apartment in Morningside, Sandton, has broken records after it was given this price tag. The interior of the apartment in Morningside features electric blinds and plush carpets. But the luxury property could be on the market for quite some time as estate agents try to find a potential buyer.
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Work begins on Midrand’s monster Mall Development has started in Midrand on a R3.5 billion regional super shopping centre, claimed to be South Africa’s largest single phase shopping mall development, for the Atterbury Property Group. Called the Mall of Africa, the two-level 120 000m2 mall will be in Waterfall City, the heart of a 1.6 million square metre mixed-use commercial estate launched in March last year. It is being developed on a site that spans both sides of the N1 from the Woodmead interchange through the Buccleuch interchange to the Allandale interchange.
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Landmark Pretoria property auctioned 'for a song' Nedbank has bought the Sanlam Middestad building owned by businessman Roux Shabangu. A collage showing Martin Phillip, head of Nedbank Corporate Properties, with his winning bid, the Sanlam MIddestad building, and Roux Shabangu . The building in the centre of Pretoria was at one stage the headquarters of the SAPS. Nedbank bought the building for R66 million at an auction held at the sheriff 's offices in Centurion yesterday. The bank's bid was made in response to an opening offer of R65m for the building, which attracted a lot of interest from the public and the many people who turned up to watch the auction. The bank held the R320m mortgage on the building, which Shabangu bought in 2011. The bond had been granted to Roux Shabangu Properties on the basis that a valid, longterm lease agreement was signed with the Department of Public Works. The bank turned to the high court when Shabangu breached payment a