The approval by Nedbank Corporate Property Finance of R151 million in funding for the expansion of the Brandhouse warehouse facilities in Germiston reflects the confidence that one of SA's largest property finance institutions has in the stability and future of the country's commercial and industrial property sectors.
Evidence of the ongoing demand for large industrial space in Gauteng is exemplified by recent leases concluded by JHI
Following 3000sqm of take up by a logistics company, Dubai-based Darvesh Group, which operates in the packaging industry in South Africa, has taken up 11 000sqm of space in New Germany Industrial Park in a lease transaction concluded through JHI Properties KwaZulu-Natal leasing and sales consultant Nigel Atherstone. Darvesh Group’s packaging operation trades in South Africa as Technovaa Packaging Industries
A custom developed 16,500sqm facility forming the new regional distribution centre for Ellerine Holdings Limited in Epping, Cape Town, was developed by Growthpoint who tailored the facility to client needs. The facility includes 2,000sqm of offices and a 14,500sqm warehouse and environmentally sound practices were applied at every stage - from design and demolition through to materials and energy efficiency
The commercial market in Johannesburg is beginning to favour landlords in the prime office accommodation as they are beginning to achieve asking gross rentals and reduced vacancies albeit limited speculative completions
Jorge da Costa, CEO of Improvon, maintains that for many businesses the question of owning their premises versus renting is not new one. Factors which can influence the decision-making process will differ from one company and the next, but ultimately plans for growth as well as the current and foreseeable economic climate, need to be carefully considered
Emira property Fund has raised in excess of R260m since the commencement of its 2012 financial year on July 1, 2011 through the sale of eleven, non-core, properties in its portfolio.
A diverse range of property and business opportunities are up for auction in early December.
Various industrial office and retail property investment and owner occupier opportunites are on offer, as well as a significant development project.
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