With its modern, flexible workspaces and landscaped courtyard areas, the newly completed, Grade A ‘Garden City Business Park’ in central Nairobi, Kenya, is attracting large multinational companies, including the likes of East African Breweries which is a subsidiary of Diageo, one of the world’s largest producers of spirits and beer, says Kunaal Samani, MD of Pam Golding Properties Kenya.

Wednesday, 11 August 2021 15:25

Atterbury and USN reward excellence

Atterbury and USN have just announced that the two companies are jointly donating R500 000 to Olympic medal winners.

Even though the COVID-19 pandemic has had an impact on the property market across South Africa, there are still significant investment opportunities to be had, especially in the residential sector.

After a year and a half of pandemic conditions made worse by South Africa’s crippled economy, rising municipal rates and tariffs, violent protests and looting, it’s safe to say the commercial and industrial property sectors have had a difficult time of late.

Commercial building comprising of retail and office space.

Brokers continue to see all 3 major commercial property buying/selling markets as substantially oversupplied, but the perception is that the Industrial Property Market’s oversupply is the least significant.

Whilst the onset of the pandemic has significantly impacted the commercial sector, it’s not all doom and gloom and there are ample opportunities for investors and landlords to harness the market shifts and translate them into opportunities if they remain flexible and do their homework.

In the current economic environment, businesses are keen to reduce debt by paying down their commercial loans.

Results from the listed property sector in 2020 showed property values reducing by an average of around 8%. And while listed property is just one component of the South African property sector.

Spear REIT Limited (SEA:SJ), with its exclusive focus on high quality Western-Cape only assets, released its FY2021 results on 14 May 2021.

Page 1 of 50

Most Popular

Attacq sees success with high-rise development The Mix

Sep 22, 2021
Giles_Pendleton_Attacq
Waterfall’s latest high-rise residential development, The Mix Waterfall, is approaching…

When can I cancel an Offer to Purchase?

Sep 22, 2021
News_from_Rawson_Property_Group
There’s nothing more exciting (or nerve-wracking) than submitting an Offer to Purchase on…

Serviced office space provider The Business Exchange opens in Cape Town

Sep 21, 2021
TBE_Cape_Town2
Serviced office space provider The Business Exchange (TBE) has extended operations and is…

Interest rates still on hold but scales start tipping towards a hike

Sep 23, 2021
Carmen_Nel_Matrix_Fund_Managers
The SARB Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 3.5%…

Please publish modules in offcanvas position.