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.
THE Durban Point Development Company has released a 15ha tract of land for development in a move that should pump about R500m into the local economy and be the catalyst for the longawaited waterfront.
THE city has commissioned a study into funding a R250m expansion project for the International Convention Centre (ICC) in a move that could attract additional hotel development, says Alec Gilbert, ICC CEO.
THERE are signs that office vacancies are levelling off in some Cape Town nodes, says Dave Russell of Baker Street Properties, a commercial, industrial and retail property broking organisation in the city.
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