Demand-side management (DSM) initiatives to be introduced by Eskom shortly could lead to significant reductions in property operating costs, says Richard Murphy, head of the facilities management division of Old Mutual Properties.

OUTSOURCING of property, rather than outsourcing of property management services, could gain an increasing foothold in South African corporate life in the next few years, says Ian Watt, managing director of Old Mutual Properties.

We consider the effect of a company's business operations against its need for property ownership/ lease flexibility, as part of an ongoing dialogue on the subject matter.

CAPE Town's central business district is poised to enter an exciting period of growth which will recreate a vibrant retail environment, attract office users back to town, kickstart a sustainable residential community and enhance the growing hotel market.

FIVE million rand will be spent on contracts for the repair, restoration and maintenance of Groote Schuur, the Cape mountainside mansion built by Cecil John Rhodes as a legacy for the South African nation, and occupied until 1999 by the country's heads of state.

AUCTION Alliance's recently-created marketing division, headed by group marketing manager Ronen Jackson, has introduced a web-based virtual tour service (www.auctionalliance.com).

OCEANS Estates International, which is a global player and the most successful real estate company on Spain's southern coast, has opened a 560m2 office in the Clock Tower precinct of the V&A Waterfront.

 

WITH the new Cape Town Convention Centre nearing completion, the city streets being cleaned of their crime and grime, and the general revitalisation of the CBD, it's no wonder that interested buyers are starting to look for residential property in the area, says Pam Golding Properties chief executive Dr Andrew Golding.

CAPE Town retailers were quick to respond to the news that Irish company Howard Holdings is to develop a new six-star hotel and residential and retail complex in two city blocks bounded by Wale Street.

THE construction of Club Mykonos's new R8 275 000 conference centre, which can accommodate up to 500 delegates, has shown that if the client is really committed to an affirmative action/empowerment programme on a construction project