There has been an increased demand for retail space countrywide, says Stuart Chait, chief executive of Property Partners, the new Cape-headquartered property mezzanine finance and private equity house.
Significant lettings have resulted in office vacancies at Century City dropping to 13.5% in the third quarter of 2003 - a strong improvement on seven months ago when vacancies stood at close to 20%.
Durban - They're trying hard not to look like the cats who have licked the cream, but a trio of Durban businessmen who have bought the biggest chunk of land in the city's Point area can't stop smiling.
With the poor performance of the equities market and the search for stable income returns, the appeal of property investments - particularly listed property equities - will no doubt continue to gain momentum and see it regain its position as an important diversifying asset.
Significant lettings have resulted in office vacancies at Century City dropping to 13,5% in the third quarter of 2003 - a strong improvement on seven months ago when vacancies stood at close to 20%.
A group of concerned taxpayers is taking the South African Revenue Service (SARS) to court over its attempt to collect transfer duty from trusts that own property to which beneficiaries have rights.
As hot-desking becomes the modus operandi of executives jetting between South Africa’s principal cities, a bold new waterfront complex in Cape Town is providing hi-tech home-office accommodation on a scale not seen in this country before.
JHI Real Estate has announced that subject to fulfillment of suspensive conditions it has disposed of its contract to manage iFour’s properties to Pangbourne Properties Ltd. The transaction will be effective from 1st October 2003.
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