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Commercial Properties Update

Nova Property Group auction and Moneyweb

About Us

Nova PropGrow Group Limited is a holding company owning and controlling assets worth in excess of R2.5 billion.

Our Board

Nova Properties has a strong, highly skilled board consisting of three executive directors and four non-executive directors.

Commercial Property

In the commercial property space, Nova Properties aims to consistently rejuvenate and maintain its portfolio of assets.

Residential Property

In its residential portfolio, the Group concentrates on eight geographical hubs, all selected for their development and growth.

Overview

Retail & Commercial Asset Value (R)

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Retail & Commercial GLA

Residential Market Value (R)

Residential Units

Latest Property News

How the repo rate hike will benefit Cape Town’s commercial property sector

The recent repo rate increase is likely to drive investor movement towards Cape Town, which is currently seeing the strongest rental growth of the major industrial conurbations and is widely [...]

Flyt Property Investment acquires Wink ApartHotels

Cape-based property group, Flyt Property Investment has acquired hospitality management specialist firm Wink ApartHotels from Indalo Hotels and Leisure. The transaction will see Flyt take over the management of the [...]

Vukile acquires Pan Africa Shopping Centre in Alex

Vukile Property Fund has acquired the Pan Africa Shopping Centre in Alexandra township in Johannesburg as well as the asset's second phase extension due for completion in 2024. Following the [...]

SA shoppers return to retail centres, but stick closer to home

The South African retail sector is showing strong signs of recovery, with shopper activity returning to pre-pandemic levels. “While many feared that a combination of loadshedding, the Covid-19 lockdown and [...]

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