Attacq, still on the prowl for development opportunities Still bullish in the local and international market. A strong development pipeline and diversification strategy in Africa and international markets buoyed Attacq to report an increase in its net asset value per share of 24% to R14.77 for the year ended June 2013. Attacq, with a market capitalisation of over R14 billion, secured full ownership of its local retail assets during the financial period under review. This includes super regional centres of MooiRivier Mall, the Eikestad Mall Precinct, Brooklyn Mall and Garden Route Mall.
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Oh Wow ......... I absolutely LOVE a good discussion on Servitudes! Gareth Shepperson Commercial and Property Attorney Legality of CTICC construction scrutinised Although construction on the R832 million expansion of the Cape Town International Convention Centre (CTICC) is well under way, defective advertising of the proposed expropriation of public servitudes has put the legality of its building processes under scrutiny. Objectors are calling for a halt to construction work on the CTICC until all legal obstacles are removed and a public participation process is finalised. It is understood that objectors are concerned that building activity has continued, despite the existing planning restrictions, and there has been a call for all building work to stop to remove legal obstacles and finalise public participation processes. The ACDP has asked why the city's plans to take away the public access use of the land in Roggebaai to allow for the expansion o
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Court grants Pick n Pay exclusive property lease Massstores has been interdicted by the high court from interfering with the contractual relationship between Pick n Pay and listed property fund Hyprop by operating a general food supermarket at the CapeGate Shopping Centre in Brackenfell in Cape Town. In a judgment handed down in the Gauteng Provincial Division of the High Court sitting in Pretoria on Friday, Judge Johan Louw said Pick n Pay had succeeded in proving that it was entitled to a final interdict against Masstores, a division of listed retailer Massmart. Judge Louw agreed with a submission by David Unterhalter, counsel for Pick n Pay, that a clause in Pick n Pay's lease operated to prevent Masstores from combining its existing Game general merchandise business with the business of a general food supermarket that sold both perishable and nonperishable foods.