Nedbank Corporate Property Finance: Affordable Housing today announces that it has provided funding to MDV Developments for its Lakeside development in the greater Vanderbijlpark area

 

Premium Properties on Thursday reported that its distribution for the six months ended August 31 2010 increased by 13.1% to 58.7 cents from 51.9 cents a year ago.

Premium Properties Limited announced a total distribution of 59,20 cents per linked unit for its second six-month period, ended 28 February 2010, bringing its total distribution for the full year to 111.1 cents per linked unit, up a noteworthy 16,8% from that of the prior year

Nedbank Corporate Property Finance: Affordable Housing recently announced the funding of an affordable housing development worth in excess of R200 million, to be built in Mapleton near Vosloorus in Gauteng

Monday, 02 November 2009 02:00

Old Post Office building on fire

A fire that gutted the post office building in the Johannesburg CBD was put out on Monday morning, emergency services said.

Monday, 17 August 2009 02:00

City's first skyscraper to be fixed up

A Historic Johannesburg building, which has been left to decay for years, and fallen prey to vandals recently, will soon get a R19-million facelift.

The Melrose Arch Piazza construction site was voted one of the safest places to work in Gauteng, winning six safety awards from the Master Builders Association

Construction IndustryAt the annual Gauteng Regional Master Builders Association Safety Awards, Amdec Property Development, a company noted for its construction safety records, won first prize for being the ‘Most Proactive Client’ while the Melrose Arch Piazza Scheme won the safety award in the ‘R500-million plus’ category while Murray and Robert’s site agent Miguel Teixeira was voted the ‘Best Site Agent’ and Murray and Roberts sub contractor Bronsair (Pty) Limited won the ‘Best Sub Contractor’ award. Their safety officer on Melrose Arch Piazza, Paul Smit, was placed third in the Best Safety Officer category.

Other parts of the Melrose Arch precinct were also honoured - the Melrose Arch hotel which also forms a later phase of the Piazza Scheme won the ‘R200-million to R500-million’ category.

Adriaan La Grange, Amdec project manager notes he is proud of the company’s safety record on development projects throughout South Africa: “Our safety record at this site an excellent lost time injury frequency rate of 3.09. This is very good considering we have about 2 500 workers on site at any given time and are facing certain challenges like building close to public areas.”

Amdec has over 20 years of industry experience and a current development portfolio in excess of R4,5 billion ranking it as one of the country’s biggest private property developers.

Amdec is currently responsible for the development of, amongst others, Melrose Arch and is also undertaking the refurbishment of the landmark Consolidated Building in the Johannesburg CBD. In the Cape it is developing the new Virgin Active in Steenberg as well as extending and refurbishing Westlake Lifestyle Village. The luxury retirement lifestyle village Evergreen Muizenberg is another of Amdec’s Cape Projects. In the Eastern Cape, it is undertaking the development of the new mixed-use suburb of Parsonsvlei.

Amdec always has specific and stringent requirements for safety, explains La Grange. “For Amdec, any development is also about the process – it’s not only the outcome but how it is achieved. We believe Melrose Arch Piazza to be one of the most high profile and exciting developments in Africa right now and are committed to get everything right.”

Rui Santos, director of Murray and Roberts, puts it simply: a safe site is a happy and productive site. “This is vital to achieve good production levels and to build quality developments,” says Santos who is positive about the high standards of safety which have been achieved on the site. M&R has always had a proactive safety and unitary culture with commitment from top management which reflects it’s corporate priority.

“We are always aiming to up the standards. Amdec is a particularly proactive client and they take a daily interest in the safety of the site. We work together with an independent safety consultant and have in place a number of safety initiatives for the workers,” notes Santos.

Safety initiatives on the Melrose Arch Piazza site include:
Stop. Think.
This is a system of sign language that ensures clear communication between workers which is effective regardless of language barriers and noise on the site. This is an outreach campaign by M&R to all employees to improve safety awareness and to strive for zero harm in the workplace.

Induction
Prior to any staff member or subcontractor staff member coming on site, they are trained in all aspects of the safety and the rules of the site. In addition to creating the foundation for safety, this also creates a platform for skills transfer, creating a ripple effect and providing hands-on experience in working safety.

Daily ‘Toolbox Talks’
These morning meetings are interactive exchanges between the foreman and team on site. Issues discussed include debriefing the previous day’s work, planning the tasks to be carried out that day and the associated safety elements, as well as discussing the potential risk each activity entails. This also provides an opportunity for all staff to communicate any potential risks which they may have noticed. These forums allow appropriate information and lessons to be shared across the site.

Auditing of subcontractors
Subcontractors are stringently audited before they start on site and these audits are continually revalued during while the subcontractor is undertaking their tasks on site. Contractors are involved in site meetings, audits and incident investigations and are required to report regularly on their safety performance.

Daily risk report
Here potential risks are identified, communicated and addressed immediately to ensure prevention. Near misses are reported daily and investigated as if the event occurred to ensure incidents are not repeated.

High-visibility bibs
This is a Melrose Arch Piazza site specific requirement. They are worn by everyone on site and are a proud statement of the commitment to safety.

Safety incentives
Staff members are given monetary rewards for reporting risks or working safe. Each person is encouraged to take ownership of safety and answer ‘me’ to the questions ‘who is responsible for safety on site?

Safety Training
M&R’s aim is to maintain the highest occupational health and safety standards and safety training plays a major role in an industry where shortage of skills is a huge challenge. Benefits of quality training are reaped by having low accidents and incident rates. The process of managing safety is driven through a continuous improvement cycle so that zero harm is achieved and maintained.



JSE-listed property loan stock Premium Properties Limited has reported a total distribution for the year to investors of 84,5 cents per linked unit, some 16.6% higher than that paid for its previous financial year.

The transformation of the Johannesburg CBD enjoys a further boost as Rhema Church has recently opened its doors to a new satellite venue

Demand for apartments in Aengus Lifestyle Properties (ALP)’s recently released Fashion Lofts in Johannesburg’s CBD outstripped supply at least five-fold

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