South African Commercial Property, Buy Sell or Rent Commercial Property in South Africa
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Dec 18, 2007: Repo hikes to boost office rental even further
Rental income in the commercial property market is on the increase after decades of decline and is expected to counter the latest interest rate hike, in which the Reserve Bank raised its repo rate by another 50 basis points.
The repo rate incr...
Dec 18, 2007: New R60m building at Century City
A R60 million superior-grade office and retail building which integrates interior and exterior environments is being developed by Madison Property Fund Managers in Century City, Cape Town.
The superbly located Heron Place is being developed for...
Odyssey Developments holds a 66.5% stake in Irene Land Corporation (Pty) Ltd (ILC), and intends to de...
Dec 13, 2007: Office, industrial rents to rise
The office and industrial property sectors are expected to continue steaming ahead next year with strong rental growth because of low office vacancies and a shortage of available industrial land.
As far as offices are concerned, Property economist Fra...
Dec 13, 2007: Madison boosts rental income for its clients
Madison Leasing has signed up over 55000m2 of new commercial property leases in the past six months and boosted the rental income of its property loan stock company clients, ApexHi Properties and Redefine Income Fund.
Madison Leasing director Darren W...
Dec 13, 2007: East London gets own Melrose Arch
East London's planned Triple Point mixed-use precinct is modelled on Melrose Arch and will be close in scale to the renowned Johannesburg site, but are there enough people and is the economy strong enough to make the development viable?
While residential property prices continued to fall during the year, office property demand strengthened with vacancy rates declining in all four major central business districts, the central bank said.
According to the latest Absa - the count...
Dec 11, 2007: Construction group buys big stake
Mass housing construction group Sea Kay (SKY) plans to buy 60% stake in Lonerock – a niche construction and plant hire business, specialising in bulk earthworks, road and infrastructure – for R104,4m, it said on Friday.
The amo...
Dec 11, 2007: Yay or nay to foreign investment
Foreign investment in South Africa's property sector was one of the hot topics at the fifth SAPOA/Investment Property Databank annual property investment conference held in November.
Property economist Prof Francois Viruly of Viruly Consulting...
Dec 11, 2007: KZN Malls ready to lure shoppers
Just in time for the festive season shopping rush, building contractor Grinaker-LTA, part of the JSE-listed Aveng Group, has completed contracts totalling more than R336 million for extensions and upgrades at three KwaZulu-Natal shopping malls
Dec 10, 2007: KZN Malls ready to lure shoppers
Just in time for the festive season shopping rush, building contractor Grinaker-LTA, part of the JSE-listed Aveng Group, has completed contracts totalling more than R336 million for extensions and upgrades at three KwaZulu-Natal shopping malls
Super-bullish conditions in infrastructure are supporting consolidation and organic growth in the sector, and it seems there are still attractive returns to be had.
Roads & civils specialist Raubex, which listed in March this year, has made...
Dec 10, 2007: Interest Rates having minimal impact on Listed Property Prices
There was time - and not long ago - when interest rate increases saw listed property share prices plummet. Notwithstanding the substantial interest rate increases over the past two years, most of the listed property stocks have not been affected to any gr...
HIGH — and rising — interest rates are making property unaffordable for many potential first-time home buyers. For those buying a home, the first big decision is whether or not to fix the i...
THE East London Industrial Development Zone (IDZ) on Friday announced that it had secured a further four investments worth R165m in its drive to lure investors to fill up space.
This brings the number of confirmed investors in the country&rsqu...
Demand for office space has seen a rise in the conversion of houses to offices, and developers are also buying up several homes at a ...
Dec 03, 2007: Kuils River site on auction 12/12
An erf of almost 2000sq m and with access via Van Riebeeck Road and First Avenue in Kuils River in Cape Town's Northern Suburbs is to be auctioned at 11:00 on site on Wednesday 12 December 2007.
"Kuils River is really the next key growth a...
Dec 03, 2007: Brackenfell office block on auction
A double-storey office block on Brackenfell Boulevard just off Frans Conradie Drive in Brackenfell in Cape Town's Northern Suburbs is to be auctioned on site at 11:00 on Thursday 6 December 2007.
The property, set on an erf of 1,258sq m with bu...
The 11 304m² mall is the first of its kind in the town. There are approximately 50 stores in the mall, of which 65% are national tenants. T...
Dec 03, 2007: Office rents break R200
Bad news for corporate SA is last week's signing by law firm Webber Wentzel of a lease for the penthouse on listed fund Redefine's Convention Tower in Cape Town at R200/m2.
The triple-A building adjoining the city's convention centre was lettin...
The listed property sector’s underlying fundamentals still point to listed property as a solid investment, despite uncertainty on inflation and interest rates. Analysts expect at least double-digit growth for next year.
