Following the merger last year between local commercial brokerage Galetti and the world's largest independent property consultancy, Knight Frank, the new alliance has yielded positive developments, including a Knight Frank African Summit to be hosted by Galetti Knight Frank (GKF) in March.

Galetti, one of South Africa’s foremost commercial property consultancies, has secured a formal relationship with the world’s leading independent property group – and also the African continent’s biggest player – Knight Frank

Various cities across South Africa are planning to lodge civil damages claims against construction firms involved in the development of their respective 2010 FIFA World Cup stadiums.

Wednesday, 26 June 2013 13:56

Rural retail still tops in Eastern Cape

The Eastern Cape, a region mostly overlooked by commercial property investors when compared with other parts of South Africa, is experiencing a sustained retail and property boom.

A recent uptick in development activity in Tygervalley has led to the node further establishing itself as a big player in the Cape Town commercial property market.

Approximately 1 000 people made their way to the town’s Central Beach to protest the proposed R4 billion development.

Regarded as one of the fastest growing middle class suburbs in South Africa, Parklands in Cape Town’s Northern Suburbs continues to attract interest, thanks to easy access to local schools and main transport links, and close proximity to Blouberg & Table View beaches. 

The R4 billion mixed-use development will comprise a number of elements, including a yacht club, retail stores, office space, a 100-room 5-star hotel, 3-7 storey buildings providing 482 apartments and 17 bungalows along the beach.

Having remained a partially completed building since 2009, the site of Roggebaai Place is once again a hive of activity.

JSE-listed Capital Property Fund foresaw an opportunity when it acquired Clairwood Racecourse to convert it into a warehousing and logistics park, according to Galetti Commercial and Industrial, the brokerage firm that negotiated the transaction.

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