Thursday, 18 July 2019 23:32

May StatsSA Building Statistics

May StatsSA Building Statistics – Very strong Residential Completions growth still, while on the Non-Residential side Industrial and Warehouse building activity appears to be the provider of “relative stability”

Retail Property challenges are partly about technological advances. But they’re also very much about old fashioned fundamentals…including a big affordability challenge

EPP, the JSE-listed leading Polish property company, and Henderson Park, the pan-European private equity real estate platform, have formed a new joint venture.

Emira Property Fund’s refurbished warehouse facility superbly located in the popular industrial hub of Denver, Johannesburg, has opened its doors, attracting savvy tenants looking for state-of-the-art warehouse facilities, paired with contemporary office space and excellent energy efficiency.

Abland and Tiber, joint developers of the Sandton Gate precinct, are on track to complete Phase 1 of the much anticipated mixed-use development.

In the week ahead, the South African Reserve Bank (SARB) Monetary Policy Committee (MPC) will meet to deliberate on interest rates from the 26-28 March, and FNB expects it to leave its policy Repo Rate unchanged at 6.75%.

Concor Buildings has kicked off construction on the second phase of the prestigious Oxford Parks project in Rosebank, Johannesburg, after their successful completion of the first phase last year.

Leading global technology provider SKF, headquartered in Sweden, has concluded a lease agreement in Jet Park with a value of more than R120 million.

We believe that the 0.8% economic growth rate for 2018 as a whole was likely “property negative”, sustaining negative real growth in property values and total returns in single digits.

Many point to online retail as a key challenge to the Retail Property Sector, and no doubt it is one of the challenges, as technology marches forth.

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