20 Nov 2012

Property & Real Estate

 



Table Mountain has its day in the sun

Cape Town's iconic Table Mountain will officially be inaugurated as one of the New7wonders of Nature this December, and the City of Cape Town is going all out to celebrate the occasion! Expect a free concert for the public affair followed by a Table Mountain float joining a procession through the city. A big thanks must be made to SANParks for taking such good care of the South African ecological treasure!

On trend with going green, the SA Post Office plans on procuring 90 electric scooters by 2015 in order to reduce it's CO2 emissions. But they're not stopping there... By 2020 it plans on being carbon neutral - now here's a sustainability goal we can all aspire to!

Wouldn't it be awesome if you could volunteer at a NPO you're passionate about, AND get paid to do it - I bet a lot more people would get to some serious do-gooding if that were the case... cue the Vodacom Change the World programme. Vodacom will pay you a monthly salary if you dedicate your time, energy and skills to a local NPO for a year. It's as easy as approaching a NPO, gaining their support, agreeing on an action plan and submitting your application.

Finally, gather your friends and family and head down to the annual AFDA Film Festival student showcase this weekend in Joburg, Cape Town, and Durban. More than 50 films will be screening, produced by the school's third and fourth year students. They're also going online this year, so go forth and interact.

Sindy Peters: Group Head, Content

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Editorial news

Property & Real Estate


Estate agents need to embrace online technology
[Bertie Oosthuysen] The South African estate agent office can still be seen in most South African suburbs and city centres with property photographs in the window and adverts on rubbish bins. However, consumers are far better served by an estate agent that embraces online technology rather than sticking with the old model of shop fronts and offline advertising. Read more >>

Correlation between SARB's indicators and bonds awarded
There is always a direct correlation between the South African Reserve Bank's Leading Business Cycle Indicators and the number and value of mortgage bonds awarded, says Tony Clarke, managing director of the Rawson Property Group. This was clearly shown not so long ago by the increase in the number of bonds issued during the short-lived economic recovery of 2010. Read more >>

Commercial


Sycom distribution up 4.2% 84.43c per unit
Sycom Property Fund has reported a 4.2% increase in its distribution per linked unit to 84.43 cents for the six months ended September 2012 over the comparative period last year. Read more >>

Lanseria Airport sold
Lanseria International Airport has been sold to a consortium of investors, it was announced on Thursday (15 November). Read more >>

R40 million expansion pays off for PE property investment
As part of its five-year, R40 million expansion, Pier 14 Shopping Centre on Govan Mbeki Avenue in Port Elizabeth is seeing a number of big retail brands, including a national bank, moving in for the festive season. Read more >>

Rebosis buys Pretoria's Sunnypark
[Nick Hedley] Rebosis Property Fund‚ a substantially black-held property company which listed on the JSE last year‚ said on Thursday, 15 November 2012, it had concluded agreements to buy Sunnypark Shopping Centre in Pretoria and an industrial warehouse in Johannesburg. Read more >>

Containment of operating costs key priority in commercial property market
The commercial property market in South Africa remains resilient despite being under constant pressure, but it is apparent that the containment of operating costs is an increasingly key priority. Read more >>

Dipula buys three shopping centres for R268m
Continuing its aggressive portfolio growth‚ Dipula Income Fund says it intends to buy three retail properties for R268m. Read more >>

Hyprop sells Hyde Park hotel
[Thabang Mokopanele] Retail-focused property group Hyprop Investments has sold the Hyde Park Hotel to Southern Sun - the current operator of the hotel - for R130m in line with its strategy to dispose of non-core assets. Read more >>

Cecilia Square in Paarl to open doors in August 2013
Cecilia Square, the new commercial office development adjacent to the Paarl Mall on the N1 in the Western Cape, is scheduled to open its doors on 1 August 2013, when anchor tenant BKB GrainCo, will move in to occupy the majority of the development's first phase. Read more >>

Property management


Investec Property Fund's distribution up 7.1%
[Roy Downing] Investec Property Fund (IPF) on Thursday reported a 7.1% hike in its distribution per linked united for the six months ended September to 46.83 cents from the previous corresponding period's 43.73 cents. Read more >>

SA legislation protects tenant when property is sold
In Roman Dutch law, which forms the basis of most South African legislation, including that which pertains to property, the principle of 'huur gaat voor koop' is honoured and accepted. The 'huur gaat voor koop' principle ensures that any contract with a tenant, whose lease has not yet expired, must be honoured if and when the property is sold. Read more >>

Rental


Rawson sets up a report-back system for tenants and landlords
Rawson Rentals, the Rawson Property Group's newly established rental division, has set up a report-back system for tenants and landlords which will correlate all complaints and enquiries; and deal with them in conjunction with the relevant franchisee. Read more >>

Residential


Atlantic Seaboard attracts big spenders
With big-budget investors back in the market for luxurious apartments, sales on Cape Town's Atlantic Seaboard already top R1.1bn this year. Read more >>

E-tolls 'will affect home buying' patterns
The introduction of e-tolling, which seems imminent ahead of Christmas, will affect home-buying patterns and the use of public transport. Read more >>

Offer to purchase is a legally binding document
In a recent issue of 'Property Junction' Meg Wilson sets out many of the important facts that face a prospective home buyer when making an offer to purchase. Read more >>


Company news

Property management


Challenges for smaller body corporates - Private Property
[Lea Jacobs] Although it is always recommended that a body corporate utilises the services of a managing agent, there are schemes out there that may find it difficult to find an administrator that is willing to run their affairs. Read more >>

Rental


Tips for renting out property - Private Property
If you invest in property to rent it out, it is important, whether you manage that rental yourself or have a rental agent, to follow certain guidelines so that your investment is a success and you don't run into problems later, says Michael Bauer, general manager of IHFM, a property management company. Read more >>


Africa
First Botswana property performance report released, total return 20.9%
Investment Property Databank (IPD) released the first Botswana property performance report yesterday, 13 November 2012 in Gaborone. It indicated a total return of 20.9%, which represents the ungeared total return to directly held standing property investments from one open market valuation to the next. Read more >>

More Africa...


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Phase one launch of Cecilia Square

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