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Related Special Reports
...The first-tier tribunal criticised a “complete lack of transparency with leaseholders regarding these commission payments” by the freehold owner and a management company, both Yianis Group subsidiaries....
...“I wouldn’t say it’s halfway house, I’d say it’s a journey,” he said, adding, “you could not find a better encapsulation of rentier economics” than the investment managers and pension funds who own freeholds...
...They order government agencies and party organs above the township level to include criteria requiring “safe and reliable” processors and operating systems when making purchases....
...My parents are looking to buy a share of freehold. The current cost is £30,000, but if costs are soon to fall significantly, they will wait....
...The policy reversal follows pushback from groups representing investment managers and pension funds who own freeholds and benefit from the reliable, long-term income that ground rents provide....
...Residents of the Alexandra township have endured erratic supplies for weeks. “There’s really nothing we can do about it....
...The art centre stands at the gateway of a sprawling model township built for steelworks employees....
...To be fair, buying freeholds in key locations is not a new trend in the luxury sector. Brands want to secure their footprint in the face of scarcity and competition....
...In a letter sent to Gove this week, Mick Platt, director of the Residential Freehold Association, said: “Retrospectively capping or removing ground rents means destroying the legitimate investments of pension...
...While Asda did sale-leaseback deals on its warehouses to help fund its 2021 buyout, last year’s £400mn ground rent financing, with Australia’s Macquarie, is the first time it has borrowed against the freeholds...
...The South African president went door-to-door in Meadowlands, a suburb of Johannesburg’s largest township, officially to encourage voters to register ahead of next year’s contest....
...Makhalemele’s The Peacemaker is a conscious nod to his friend’s Yakhal’ Inkomo, with township rhythms from Sipho Gumede on bass and jaunty electric keyboards from Jabu Nkosi....
...A group of workers laid off from Anglo American sat drinking in the early morning sun outside a makeshift township bar in Ga-Puka, deep in South Africa’s platinum mining belt....
...Xenophobia has been a persistent issue in townships where foreign nationals from Zimbabwe, Mozambique, the Democratic Republic of Congo and elsewhere have been scapegoated for chronic unemployment, now at...
...The warning by the senior executives came as Get Living, which owns the freeholds of the properties on the Olympic estate, launched an appeal against a tribunal ruling in January that it should pay £18mn...
...The company does not own the freehold on its stores, leaving it without a feature that would interest a buyer considering a possible sale-and-leaseback deal....
...It turned out to be Selaocoe’s ticket out of the township....
...Instead, he says, most Black people remain trapped in poor townships — the dumping grounds of the apartheid system — with a substandard education and few job prospects....
...They amounted to £50.4mn in total and relate to issues ranging from an impairment of vacant freehold property to onerous costs linked to a vacant print site. The list goes on....
...Andrew Feinstein, a former ANC MP who runs Shadow World Investigations, says: “In South Africa, in a township, people can discuss details of corruption deals at seminar level....
...The government remains committed to facilitating debates on critical issues including leasehold and freehold reform, crime and justice, and rail modernisation in this final session of the parliament.” ...
...Leasehold and freehold bill This legislation would make it cheaper and easier for existing leaseholders to extend their lease or buy their freehold....
...TRG has its own freehold property portfolio, valued at £160mn at the end of last year. Apollo could seek to extract cash from this via a sale and leaseback transaction....
...The acquisition, which is set to close in the first quarter of next year, will give Young’s access to a predominantly freehold estate in desirable locations across London and south-east England of mainly...
...In Embalenhle, a township in Mpumalanga province, people stood around an open sewer this week complaining that the ANC-run municipality has never fixed it....
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