Latest News
People’s park to bloom in Green Point
9 March 2010
The City of Cape Town is set to unveil a multi-million rand park in the next few months, with officials saying the facility would become a “great inner-city park”, similar to those in cities around the world. And while attention in recent years has been almost exclusively focused on the park’s R4.5 billion neighbour, the Cape Town Stadium, the Green Point Park is bound to lure Capetonians and tourists alike far into the future.
The park has been silently taking shape while fanfare surrounds the stadium and the city says it hopes to have all construction and landscaping of the 12.5ha park, which cost R54 million to develop, completed in time for World Biodiversity Day on May 22. Read more
Prospective property returns
15 February 2010
We looked at historical returns from local listed property and also the typical methodology of assessing the required rate of return. Here we consider the likely range of returns than an investor may achieve through an investment into listed property.
The total return from listed property – as with most, but not all investments – is made up of a combination of the yield and capital growth over time. Read more
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What we can expect from SA commercial property
15 February 2010
While the predicted great depression never materialised, we have definitely lived through one of the great recessions of our time. Following this surprisingly widespread global slowdown, it will take some time to adjust. Property returns tend to lag the economic cycle, so expect nothing different this time around.
- The retail sector is largely dependent on consumers and their ability and willingness to spend. The large national retailers’ appetite for new space is also a major contributor to increased supply.
- The industrial sector, driven by the wholesale, logistics and production sectors, has tended to show a high correlation to the retail sector, especially during an economic recovery.
- Offices depend largely on business confidence, with employment trends in the “white collar” sectors influencing price paid per square metre and, importantly, the level of vacancies. Read more
CT station upgrade almost complete
15 February 2010
The Cape Town Station 2010 upgrade, currently being carried out at an estimated cost of R418m, has entered the final phase of construction. The project, most of which will be completed before the 2010 FIFA World Cup, is part of a longer-term revitalisation plan, with Phase Two of the redevelopment scheduled to begin after the event. The extensive remodelling, which began in September 2008, includes substantial upgrades to the existing 1960s building, which had become seriously degraded and functionally inefficient; the relocation of the long-distance bus facility; and significant improvements to the formal and informal trading spaces. Read more
MEDIA 24 - GREENPOINT, TO LET
Stunning offices to let in trendy greenpoint area. Be where all the action is going to be for the 2010 WORLD CUP! Read more
Historical Property Returns
9 February 2010
Over the years listed property as an investment has proved to be an excellent investment and indeed over most measurement periods has outperformed local equities. The big question is will this be the case going forward.
The chart below gives an indication of returns across the main asset classes over various periods. Although in nominal terms even over a 20 year period local listed property outperformed equities, because they are less tax efficient on an after tax basis, equities would have slightly outperformed. Nevertheless, listed property has been a superlative asset class with lower volatility when compared to equities. Read more
Turbo-charged investment returns
01 February 2010
Wayne Lee
R100 000 invested in SA property 10 years ago worth a whopping R2m today
Realestateweb community member Wayne Lee shares his investment success story.
An interesting Moneyweb article recently showed that R100 000 invested offshore ten years ago would now be worth R80 000. Clients who invested that R100 000 in South African property now have R2m!
Quite simply we took the cash and bought four sets of semis in Bez Valley. Paid between R100k and R150k. Transfer duty and deposits amounted to R25k each. Ironically top performing investments like these were redlined and deposits were required. Anyway cash flow has never been negative since inception and for this example I will assume all the rental profits were used for holidays. These semis do not go for less than R650k now, so there we go. Simple as that! Read more
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No stimulus for property market
27 Jan 2010
The property market will have to get by without the stimulus of a series of rate cuts, as it is unlikely to enjoy much interest rate relief during the course of 2010. Read more
Make the right property choice
“Effective use of property can increase profitability, attract quality staff, enhance your image and make your business more efficient and easy to run.”
We realize the importance of property to your business as it is an issue which impacts on every company in Cape Town. It is vital that businesses think about property issues and the effect that property – from use to location – has on competitiveness.
In Cape Town we are noticing significant change in the property market and any successful business cannot afford to ignore this key area.
For most companies property is the second highest business cost.
Commercial property usually represents over a third of total business assets;
and running costs can be the second highest cost after wages. Property is therefore key to business success: not only does it dominate your financial
statements, but it can also provide real competitive advantage through its location, the working and sales environments it provides, and
the image and profile it supports.
A lack of strategic awareness around property means that many companies have little knowledge of their property costs. Email Commercial Space for assistance with your property needs!
Email us or contact us on 082 339 2722 begin_of_the_skype_highlighting 082 339 2722 end_of_the_skype_highlighting to find out more. 