Emira Property Fund’s value-enhancing conversion of its Rosebank office property assets formerly occupied by Sasol into a contemporary residential apartment development.

JSE-listed diversified real estate investment trust Redefine Properties, better known for its retail, industrial and office holdings, have commenced on the ZAR426 million residential development Park Central.

Following its inclusion in the Gautrain route in 2011, infrastructure upgrades in the area, as well as considerable private and public sector investment, Rosebank has undergone a complete transformation.

Waverly Office Park is among the most visible developments in Johannesburg, acting as a prominent billboard space for its tenants’ businesses overlooking one of the city’s busiest highways.

Landlords in the burgeoning office hub of Rosebank are not shy to charge premium-grade office tenants top-end rentals, given the demand for space in the district.

During what may be described as a tumultuous 2016 to date, while trading conditions in the property auction arena have proven challenging, retail shopping centres, service stations, hotels and residential blocks have shown resilience throughout this period and are still in strong demand.

Global hotel operator Marriott International is set to open its first hotel in SA in the up market Melrose Arch precinct.

The listed property sector has managed to outperform other equities but has been outdone by bonds during 2016 so far.

With the Regional winners in Cape Town and KZN having been announced over the last two weeks, the Women’s Property Network (WPN) completed the final leg of the Regional Awards at a glamourous event held in Johannesburg last night. 

Taste Holdings, which mixes interests in fast-food and jewellery, is chilled about its roll-out plans for coffee store brand Starbucks.