Property News

The evolution of office space in an uncertain era

Rainmaker Marketing, a KZN-based property marketing agency, recently hosted their seventh property-related webinar. Their series of webinars have covered a broad range of interesting, thought-provoking topics during national lockdown. Stefan Botha, Director of Rainmaker Marketing, and facilitator of the webinars says that the future of office space post-Covid-19 has been a topic on everyone’s lips. […]

Property News

The importance of a Conveyancer – their role in your property investment journey

By Nicholas Harvey What is a Conveyancer? Why do I need a Conveyancer? What does a Conveyancer do? As a conveyancer, I hear these questions time and time again. A conveyancer is an admitted attorney who passed a written examination and has been admitted to practice by the High Court of South Africa. Only a […]

Property News

Architecture moving forward – the need for reinvention post-Covid-19

With the local property sector severely impacted by the pandemic, Derick Henstra, Partner and Executive Chairman of dhk believes that the architectural industry was one of the first to “bear the brunt” of Covid-19. As the barometer in the industry, small architectural firms have ground to a halt with the bigger architectural firms reducing in […]

Property News

ContinuitySA confirms Waterfall’s Corporate Campus as new premises

ContinuitySA has chosen Waterfall’s Corporate Campus for its newest premises. A leading provider of business continuity management services in Africa, the firm is expanding to accommodate greater demand for disaster recovery and work area recovery facilities. In the current environment, companies are placing increasing emphasis on the need for resilient business continuity plans and capabilities […]

Property News

Fairvest announces disposal of Cape Town retail centre

Fairvest Property Holdings Limited has announced the finalisation of the due diligence for the disposal of Tokai Junction. The 7 618m2 retail centre in Constantia in the Western Cape will be disposed to FPG Holdings Proprietary Limited for R180 million. Fairvest’s Chief Executive Officer, Darren Wilder said the disposal value of R180 million represents good value […]

Property News

Subletting – a possible remedy for vacant office space

The economic climate is giving way to innovative ways of managing office space. While flexible lease agreements and the restructuring of rentals are apparent, little thought has been given to the option of subletting. Galetti Corporate Real Estate Associate Director, Justin Thom says various legalities must be considered but if done in conjunction with the […]

Property News

The fast-changing face of South Africa’s traditional CBDs

COVID-19 may have accelerated changes to South Africa’s central business districts (CBDs), with many emptying out significantly during the lockdowns, but the truth is that CBDs were changing long before the pandemic hit with companies seeking to close their head offices in favour of more pocket-friendly, but equally as sophisticated serviced office spaces. Business hubs […]

Property News

The risks and rewards of buying-off-plan

Buying-off-plan has made owning a brand-new home more affordable and accessible. The repo rate is sitting at an unprecedented low and buyers and investors are caught between buying-off-plan versus buying an existing property. Grant Smee, Managing Director of Only Realty says that while buying-off-plan is an attractive investment opportunity, you need to do research before […]

Property News

Brokers perceive rising levels of financial pressure-related selling

FNB Commercial Property has released its second quarter results for their FNB Commercial Property Broker Survey which involves a sample of commercial property brokers in the six major metros of South Africa i.e. the City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and Nelson Mandela Bay. Focusing on the key […]

Property News

Cape Town’s South Peninsula to welcome mixed-use development

Cape Town’s South Peninsula will welcome a new mixed-use development. Located near Imhoff Farm in Kommetjie, the public participation process is set to commence mid-July 2020 as part of the required Environmental Impact Assessment (EIA). The proposed development site comprises of 58,63 hectares of Cape Farm 1529 and it will include retirement, residential, retail, and […]

Property News

Commercial rentals see declining activity and rising vacancies

In a recent report, FNB Commercial Property discussed the second quarter 2020 results of the rental market component of their Broker Survey which samples commercial property brokers in and round the six major metros of South Africa. FNB Commercial Property Finance’s strong focus is on the ‘owner-serviced’ market and a pre-requisite in selecting broker respondents […]

Property News

The commercial property market – factors to consider when investing

Covid-19 has wreaked havoc on the property market and commercial property is no exception. With landlords and tenants under financial and business pressure, many commercial investors are questioning the viability of their portfolios. Louis van Rooyen, commercial property expert and broker for Rawson Properties Somerset West says that there are still great opportunities for investors […]

Property News Sectional Title

Cape Town dethroned as strongest property market

The Western Cape’s undisputed position as the market leader has provided consistent double-digit growth for almost a decade but, the playing field has been levelling since 2017 with Lightstone’s June 2020 house price index which reveals significant shifts in the local market place. With a current growth rate of 4.8% per annum, Mpumalanga currently has […]

Property News

How the construction industry can mitigate the risk of Covid-19

The Western Cape’s Covid-19 infection peak will take place from late July through to early August according to the latest epidemiological models. Both longer and flatter than anticipated, the worst of the pandemic is still to come. With the economy opening significantly and the construction industry returning to site, it is now more important than […]

Property News

Growthpoint receives top award from the IAS

Growthpoint Properties has been awarded as the overall winner of the Investment Analysts Society of South Africa (IAS) Excellence in Financial Reporting and Communications 2019. The company was also voted as the leader in communication and financial reporting in the property sector category. Companies who display excellence in transparency, financial disclosure, and communication with members […]

Property News

Force majeure and Covid-19 in commercial leases – what to consider going forward

In basic terms, a force majeure clause can be described as a clause in an agreement that deals with occurrences that may take place that would excuse either one or both of the parties from performing in terms of that agreement. When Government announced that South Africa would go under lockdown in March, tenants, and […]

Property News

Hyprop’s national solar project expands across mall portfolio

Hyprop’s carbon footprint is set to decrease further with its recent expansion of its solar project across 66% of its South African shopping mall portfolio. As part of Hyprop’s drive to continually minimise the impact on the environment, CEO Morne Wilken says that one of the company’s key focus areas is to reduce the consumption […]

Property News

City of Cape Town announces property rates relief for certain NPOs

The City of Cape Town has announced the implementation of 11 new property categories aimed at enabling lower or no rates for Non-Profit Organisations (NPOs) and other charitable property owners including organisations offering shelter to street people, early child development and youth development. The new categories have a reduced ‘rate-in-the-rand’ which means that less or […]

Property News

The benefits of sale and leaseback deals during Covid-19

With the extension of lockdown, many companies are struggling financially and freeing up capital may be a necessity to keep their businesses operational. According to Spire Property Solutions, one way of doing this is through a sale and leaseback deal. CEO, Greg Huntingford says that they have noticed a recent increase in these types of […]

Property News

Lockdown prompts homeowners re-evaluate lifestyle, including living spaces

The far-reaching lockdown experienced by homeowners in South Africa has no doubt provided much food for thought and room for introspection, most likely mainly around re-evaluating lifestyle and long-term goals, but also their immediate surrounds – their homes. Says Dr Andrew Golding, chief executive of the Pam Golding Property group: “Having been isolated in the […]

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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