Property News

National Home Builders Registration Council to reopen offices next week

The National Home Builders Registration Council will resume offering its full service operations at its main Provincial Offices as of Monday, 8th of June 2020 in line with the Level 3 Lockdown Regulations. Offices that will be reopened include Sunninghill, Pretoria, Cape Town, George, Durban, Polokwane, Port Elizabeth, East London, Rustenburg, Bloemfontein, Kimberley and Mbombela. […]

Property News

Liberty Two Degrees Pre-Close Investor Update

Liberty Two Degrees recently presented a pre-close investor update ahead of the interim closed period which commences on 1 June 2020. The company’s focus is on implementing strategies that position the business first for stability and sustainability and secondly for growth within the new future of retail. Source: |

Property News

Property industry embraces Level 3 regulations announcement

Following the official Level 3 regulations announcement, all real estate services may operate as of Monday, the 1stof June 2020. CEO of RE/MAX of Southern Africa, Adrian Goslett says that this is good news for the real estate and the country as a whole: “We need to make sure we capitalize on this opportunity safely […]

Property News

SAPOA – Responsible Re-opening Guidelines (Commercial Property)

The commercial real estate industry is preparing for a phased re-entry over the coming months. To provide guidance on building operations and management, SAPOA presents the below document to help their members meet the challenges ahead. This document provides recommended pathways for the safe return of tenants, building personnel, visitors, vendors, contractors and others to […]

Property News

Deloitte SA to resume occupancy of new HQ after lockdown

Deloitte South Africa plans to resume occupancy of its new African headquarters once South Africa’s lockdown is over. Co-developed by property developer and investor Atterbury and JSE-listed Attacq Limited, the new office premises will play host to some 3 500 employees with room to accommodate almost 5 000 people in time. This provides Deloitte with additional workspace […]

Property News

Landlords and tenants need to behave responsibly during Covid-19

Most of South Africa’s largest landlords have taken a hit over the past two months alongside some of South Africa’s largest retailers, like Massmart, seeking rental relief. Whilst this serves as a cautionary tale, Paragon Lending Solutions believes that smaller property owners and tenants can take action to ride out the bumpy months ahead. “As […]

Property News

There’s never been a better time to invest in residential property says expert

The recently announced interest rate cut has brought South Africa’s cost of lending to the lowest level on record with the prime lending rate now sitting at 7.25%. Chris Renecle, MD of Renprop, says that in many instances this has led to the monthly rentals of residential property becoming more expensive than monthly bond repayments […]

Property News

Fortress observes shopper uptick as lockdown eases

With shoppers slowing beginning to return to shopping centres and malls after the lockdown restrictions were slightly easy on the 1stof May, Fortress REIT expects further shopper activity once South Africa downgrades to Level 3 from the 1stof June. Vuso Majija, Head of Retail Property at Fortress comments: “This is a welcome relief for the […]

Property News

Opinion: Commercial property’s long recovery could sprout opportunity

Having worked in the commercial property sector for many years, Rick de Sousa, Fedgroup Commercial Property Finance Executive believes that we will come through this and that the sector will recover from the significant knocks it has faced recently as a result of the Covid-19 pandemic. Historically, and despite the odds, property is an asset […]

Property News

Arrowhead better positioned to navigate with strengthened balance sheet

Arrowhead Properties has achieved interim results for the six months ended 31stof March 2020. This was ahead of expectations with successful disposals, improved vacancies, an overall tenant retention rate of 88% and, strong net income which provide a solid base for the company as it anticipates a very fluid and tough environment ahead. The company […]

Property News

How will residential property be affected by the ‘new normal’?

The South African Reserve Bank cut the repo rate to a record low of 3.75% since the beginning of this year, with the hope that this will help alleviate the anticipated sharp contraction in South Africa’s economic activity. With welcomed relief for financially stressed consumers as we start the slow easing of hard lockdown restrictions, […]

Property News

Paddocks Press – May 2020

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Property News

Maximise the chances of recovering unpaid levies

If you have ever been involved in the process of collecting unpaid levies via the civil courts, you will know that this can be a very lengthy and often quite costly process, involving attorneys, the sheriff, various prescribed waiting periods and countless postponements. Once the body corporate finally has its day in court and hopefully […]

Property News

Authorising the appointment of a managing agent

In my discussions with clients and students alike, I have found that most people are under the impression that the appointment of a managing agent has to be authorised by the body corporate members. Even managing agents appear to be misinformed when it comes to the authority needed to appoint them. Let’s take a closer […]

Property News

Q&A – 2020 05

By the Paddocks Club team Below are examples of two questions on the Paddocks Club discussion forum, to show you what is available to our Community members! Residents smoking marijuana in their unit, what can we do? Member’s question: Good day Paddocks, What actions can be taken by the body corporate if they receive complaints […]

Property News

Retail deadlines and trendlines of the Covid-19 pandemic

We are in the fifth week of national lockdown and millions of South Africans are desperate to get their hands on one item they forgot to stock up on. Most retail sectors have been closed since the 27th of March 2020 and even though most grocery stores, banks and pharmacies were operating throughout the first […]

Property News

As lockdown eases, keep your building insurance going strong

Building insurance is a large part of most short-term insurance policies. Whether it covers your home (even if you have paid it off), your office building that you use, or the one you rent out to tenants, these properties can make up a large part of your wealth portfolio. With lockdown lingering on, vacant properties […]

Property News

Exemplar REITail delivers double-digit dividend growth of 11.9% per share

Exemplar REITail has recorded a solid double-digit dividend growth of 11.9%, with a full year dividend of 92,27 cents. Exemplar is widely regarded as a market-leading retail REIT within the specialised “township & rural” niche that it operates. With a sole focus on the under serviced rural and township areas, Exemplar’s twenty-two retail assets (349,759sqm […]

Property News

Key risks to post-lockdown recovery in retail property’s consumer-related trading

The President recently announced a relaxation in COVID-19-related lockdown measures, from level 4 to level 3 as from 1 June 2020, which means the opening up of most retail activity, excluding restaurant and pub facilities. But for shopping centres, this may not quite mean “business as usual” immediately. The severity of the COVID-19-related economic shock […]

Property News Sectional Title

Moving during lockdown: protection measures for sectional titles and estates

The revised Disaster Management Act directions on the movement of people from one home to another means that tenants and home-buyers can now go ahead and move into their new Sectional Title and estate homes as long as they have a lease or proof that the property has been transferred into their name* – and […]

Property Rental Uncategorized

Property Rentals: LockDown Level 4 Update

Today there was a briefing in which the government to clarified the classification of industries for reopening of economy – in particular the transition to Level 4 of Lockdown. Here is the full video of the press conference . . . . but don’t worry, I’ve summarised the pertinent information for you in the post […]

The Landlord’s Council Arrears Are Being Deducted from the Tenant’s Pre-Paid Electricity Payments! What now?

Atterbury develops new Cape Town showroom for WeBuyCars

Displaced minibus-taxis to relocate to Foreshore holding area

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