Higher rental rates for large factories
10 December 2007
An interesting anomaly is beginning to occur across a number of South Africa’s more popular industrial townships: larger industrial buildings are commanding higher rental rates per m² than their smaller counterparts. Read more
Growthpoint on track to launch the largest mixed-use development in Cape Town’s southern suburbs
10 December 2007
Growthpoint Property Fund Limited is successfully bringing the newly-renamed MontClare Place to the market less than a year after acquiring the former Paramount Towers in Cape Town’s Claremont node as part of its purchase of Paramount Property Fund Limited. Read More
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Office rents break R200/m²
1 December 2007
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. Read more
Rents will rise fast from now
Strong Demand Sees Rapid Take-Up in Cape Town Office Tower
27 November 2007
The strength of demand for A grade offices in the Cape Town CBD has been underscored by the fully let sign going up on a city high-rise where almost a third of the space was vacated by a major tenant last year.
Triangle House, formerly Safmarine House, on Riebeek Street, has been restored to full occupancy after letting of 7 000m², says Amelia Beattie, chief operating officer of Old Mutual Investment Group Property Investments. Read more
Property demand to feel the heat
22 November 2007
Higher interest rates and over-indebtedness of individuals will suppress demand for residential property in months to come.
This reduction will continue to feed through the building sector, making developers more cautious about submitting further building plans over the coming few quarters. Read more
Cape Town CBD leisure market positioned for growth
15 November 2007
The Cape Town CBD is set to experience phenomenal growth in its visitor economy sector, according to the findings presented recently at the Cape Town Partnership’s (CTP’s) 8th Annual General Meeting. Read more
Commercial property gets the break we’ve been waiting for
12 November 2007
SARS has finally accepted that buildings and other permanent structures depreciate in value due to their limited useful life. Therefore, no reason exists for the tax system to wholly exclude commercial buildings from potential tax write-offs for depreciation
South Africans just love “investment” in residential property. Read more
Industrial units are selling fast
10 November 2007
The latest industrial development by Propdev Trust, a R60 million, 30-unit industrial park, has focused on the needs of Cape Town’s northern suburb workforce by creating a 10 365m2 industrial park to service this area. Read more
Investors stand in line to invest in Cape Town Central City
30 October 2007
The past year has seen the Cape Town Central City developing at a rapid pace
“Potential investors are standing in line to become part of the revitalisation of the Central City,” said Andrew Boraine, Chief Executive of the Cape Town Partnership, at the Partnership’s 8th Annual General Meeting, held at the new Mandela Rhodes Place Conference venue today. Read more
Demand for offices may change city skyline
28 October 2007
Could Cape Town soon see high-rise office additions to the CBD skyline?
According to a recent study, the demand for office space in the greater Cape Town area can be expected to grow at 5% annually in real terms. That translates to a demand for 43 000m² of new CBD office space each year. Read more
Buyers still abound
26 October 2007
It’s probably a surprise to some that listed property hasn’t been hammered by the latest interest rate hike. The sector is usually one of the first to see prices drop when rates rise
However, this time around the sector had lost less than 2% in the week following the rate announcement. Some property funds continued on their price rally, notably ApexHi C, which rose 4% in the same week. Read more
Construction caught in a demand, supply dilemma
22 October 2007
Building material costs have risen sharply again in the second quarter of 2007 — industry experts said demand for commercial space was outstripping supply — and developers are having difficulty bringing new projects on stream. Read more
A rosy future for non-residential property
18 October 2007
The rising star among property portfolios for the foreseeable future is the non-residential market. This has been revealed in the latest Rode’s Report, which consolidates the findings of research conducted by property valuers and economists, Rode & Associates, for the second quarter of 2007. Read more
Property market feels squeeze of rates spiral
15 October 2007
Seven interest rate hikes since June last year have ratcheted up the pressure on homeowners and new entrants to the commercial property sector, with indications that many are feeling the pinch and are being forced to sell.
This is expected to be compounded by the latest interest rate hike by the Reserve Bank. Read more
JSE property companies among world’s best
11 October 2007
Investors in South Africa’s listed property companies have reason to smile, while elsewhere in the world they are smarting – latest figures.
Investors in South Africa’s Johannesburg stock exchange-listed property companies have reason to smile, while elsewhere in the world shareholders in listed property are smarting. Read more
Industrial property now popular
9 October 2007
The industrial market is the flavour of the month, especially in view of the fact that it’s so hard to find decent space.
“The economy is looking good and even with the recent interest rate hikes, there should not be too great an impact on yields as there is not as close a correlation between the two as people think,” says Frank Berkeley, managing director of Nedbank Corporate Property Finance. Read more
Office sector is working overtime
2 October 2007
The office sector of the property market has been experiencing boom times, with its property values and demand for space ever increasing.
And the fact that the South African economy is expected to show growth of 4,5% to 5% per annum over the next 18 months is likely to drive the demand for office space even more. Read more
Industrial land ‘a good buy’
1 October 2007
During upswing, land appreciates faster than buildings!
NOW is a good time to invest in vacant office- and industrial-zoned land, as land shortages and low vacancies in existing buildings drive values up, say property experts.
Property economist Erwin Rode, CEO of Rode & Associates, says that during an “upswing phase” in office and industrial property — such as now — land appreciates much faster than developed properties. Read more