Pam Golding Commercial leasing and sales consultant Sandra Dicky has concluded a lease for 187sqm of prime retail space in Jarvis House in Jarvis Street, in the vibrant and sought after De Waterkant area of Cape Town's increasingly popular Green Point area. The capital value of the lease is approximately R500 000 and the tenant is Pierre Cronje Interiors.

Dicky says retail space in the area is in huge demand. "Retail space is extremely sought after and businesses are clamouring to get into the area.

Rates are from R140 per square metre upwards, and the demand is from 50sqm up to approximately 250sqm. The demand for retail space is further boosted by the spin-offs from increasing confidence in the adjacent Cape Town CBD,"

she says.

Jarvis House is currently being converted from industrial use to retail units by Propfin Trust, who have already developed an underground parking facility. Propfin Trust's Bob Knight says as pockets of vacancies arise, a trendy mix of retail tenants, incorporating upmarket décor and design and architectural businesses, and a catering school, are among those being accommodated.

For further information contact Sandra Dicky of Pam Golding Commercial on

021 4177878 or 083 444 4427.

Ends

Issued by Gaye de Villiers

Tel: 021 6837788 or 083 325 1939

On behalf of Pam Golding Commercial