One of the more positive signs of the property market in 2013 is that banks started to ease their lending criteria.

Growth in the property market will come from smaller offices and sectional title offices

The multi-billion Rand Time Square development in the east of Pretoria – which will include a five star hotel and casino – is drawing negative feedback from the public, including a group of 22 residents' associations, known collectively as the Joint Action Group.

It appears that industrial property developers are looking at developing smaller properties –certainly in the greater Irene area –and this became evident at the pre-launch of the latest industrial development in Irene, The Rietvlei Corporate and Industrial Estate.

After becoming the first office park to install an open-access dark fibre network three years ago, Route 21 Corporate Park, the R2 billion office park development near Irene, has now moved into phase two.

Tenants are taking advantage of perennially high office vacancies to negotiate favourable long-term leases at low and in some cases, zero escalating rates on rentals

Abacus DIVISIONS is a Centurion based property company with strong interests, services and a portfolio of properties in the commercial and leisure sectors of the market. We were founded in 2002 and is driven by a strong entrepreneurial spirit. Our offices are currently located in Route 21 Corporate Park, Irene Centurion.

Our business divisions consists of a commercial letting and property management division as well as a property development division.

The property development division in essence top structure developer of commercial property for the rental market with a long term view on the properties we develop.

Contact Details:

Website: www.abacusdivisions.co.za

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: (012) 345 55 55 

Following the successful launch of one of the first boutique office parks in the greater Irene area, Quattro Fontane, the next phase of Irene Land Corporation's successful commercial and industrial developments is now in pre-launch phase.

Abacus Divisions reports that, after a slow start to the year, it sold seven stands – worth R25 million – in the Irene area.

So it’s official, serviced offices are in vogue. Together with a rise in demand for furnished offices, serviced offices are emerging as a product paying its way in a new austerity driven market.