Capital Gains Tax – If You do Your Maths, It’s Not Taxing
7 August 2007
Before deciding to dispose a property, sellers should take Capital Gains Tax (CGT) into account, as this is one of the most important stages to consider before putting a property up for sale
South African legislation stipulates that any gains made from a property sold on or after 1 October 2001 will be subject to Capital Gains Tax. Read more
Property empowerment deal with CBS kicks off PIC’s national footprint
3 August 2007
Following Competition Tribunal approval of the take over this week, the empowerment deal will see CBS delist from the Johannesburg Stock Exchange and the formation of a new board.
The bar has been raised on prime office accommodation in South Africa with the acquisition by the Public Investment Corporation (PIC) of listed property fund CBS which has taken control of the majority of shares. Following Competition Tribunal approval of the take over this week, the empowerment deal will see CBS delist from the Johannesburg Stock Exchange and the formation of a new board. Read more
HERON PLACE
31 July 2007
A quick video clip of what your offices could look like at HERON PLACE in Century City come 1st December 2007. See what all the fuss is about and where everyone is moving to.
New R65m office for Century City
27 July 2007
A new prime office block is being built on a high profile site in The Estuaries office park at Century City by the Rabie Property Group at a cost of R65m
The strikingly modern building, designed by Vivid Architects, will have a gross lettable area of just under 4000 square metres and a total of 160 parking bays including 112 basement bays. Read more
TO LEASE PREMISES AT CENTURY CITY CLICK HERE
Shock-Proof your property portfolio
25 July 2007
During the last five years it has paid handsomely to be an optimist on both the JSE and the property market. Those that have had the utmost faith in the positive forces of our economy have gained tremendously. Read more
Confidence high as construction rockets ahead
18 July 2007
Building confidence in SA rose back to near a record peak in the second quarter of this year, reflecting a boom spurred by public spending and pent-up demand for affordable housing, an independent survey showed yesterday.
The FNB building confidence index rose to 88 points from 87 in the first quarter of this year, edging back towards a historic high of 89 posted in the fourth quarter of last year.Read more
Industrial, offices get turn to shine
12 July 2007
THE income distributions of listed property funds are “about to gush”, particularly those with big exposures to offices and industrial property, according to the latest Rode’s Report from property economists Rode & Associates.
The driver of this expected surge in income distribution will be strong fundamentals.
CEO Erwin Rode says the listed property sector has shown strong distribution growth over the past four years or so but generally this applied to companies and funds with large retail property exposures.Read more
Commercial Rental Vacancies Down
11 July 2007
In each of the three commercial property sectors – office, industrial and retail – vacancy rates have fallen considerably and are currently at historically low levels. And this doesn’t look like it will change any time soon.
“There are enormous constraints in construction at present,” says John Loos, property strategist at FNB Commercial Banking, “so I expect these vacancy rates to remain low for many years to come. This implies that rental incomes will rise considerably in future.” Read more
Rental Boosted On Industrial Leases
11 July 2007
SA Corporate (SAC) CEO Craig Ewin said on Friday that industrial leases concluded in Gauteng and KZN saw rental increases of up to 47%.
SA Corporate (SAC) CEO Craig Ewin said on Friday that five major industrial leases concluded in Gauteng for warehouse space of 1,800m2 to 8,00m2 saw rental increases of 12.5% to 30% while in KwaZulu-Natal, increases ranged from 16% to 47%, on five leases for industrial space between 2,200m2 and 10,000m2. Read more
Listed Property About To Perform
05 July 2007
Kara Michaels hears what Frank Berkeley, managing director of Property Finance at Nedbank Corporate, Norbert Sasse, CEO of Growthpoint Properties, and Erwin Rode, CEO of Rode & Associates, have to say on South African listed property and the international market.
According to Berkeley, South African listed property has grown phenomenally and it is therefore small wonder that the international market is taking an interest. “But why are investors looking here and why now? What do these investors want? Who are the investors likely to be? How much are we expecting of them in terms of education.” The question he also poses is whose job is it to market South Africa Incorporated and to sell that investment? Read more