27 Nov 2012

Property & Real Estate

 



Let's support the little guy

Not only large corporates need to engage in CSI / CSR, says MD of PR Worx, Madelain Roscher, SMEs need to get involved as well. According to Roscher, companies will see benefits in terms of brand recognition, increased sales, return on investment (ROI), tax benefits, and, most importantly, fostering trust with employees and the general public - all that while contributing to a greater good... What are you waiting for?!

Remember the ladies in orange at the 2010 FIFA World Cup who were accused of ambushing marketing for Bavaria? Well, Trade and Industry Minister Rob Davies has warned that he'll be having none of that during AFCON 2013. Davies plans to designate the sporting event as a "protected event" to ensure stringent advertising laws are enforced.

Former MTN CEO Phuthuma Nhleko is a wanted man - wanted by Anglo American that is, to take the helm. While chairman John Parker sings his praises, a London-based mining analyst doesn't believe him to be the right man for the job, citing lack of operational mining experience.

It's not often that the big guy lends a helping hand to the little start-up, but here's a little heart-warmer for you; as part of its Enterprise Development Initiative, Cape Town's Protea Hotel Victoria Junction has signed a "twinning" agreement with a local guest house in Thornton. In order to help the guest house owner, Khanyisa Balfour, put her best foot forward and realise her life-long ambition, the Protea Hotel Victoria Junction management team will provide expertise and training to the guest house owner.

Let's all put our best foot forward into what's left of 2012!

Sindy Peters: Group Head, Content

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Property & Real Estate


Property24 wins Best Classifieds Website award
Property24 has recently won the Best Classifieds Website award at the 7th annual South African eCommerce Awards. Property24's website scored an overall rating of 91.1/100, based in part on its easily navigable user interface, as well as its ability to generate accurate search results. Read more >>

Commercial


Diepkloof Square opens for festive season
The fully let Diepkloof Square community shopping centre opens on Thursday 29 November 2012 in Diepkloof Extension 3, with access from Immink Road, near the N1 Highway. Read more >>

Arrowhead vacancies down to 13%
[Thabang Mokopanele] Arrowhead Properties‚ which has been listed on the JSE for a year‚ said on Monday (26 November) it had achieved all the objectives it set for itself and intended to grow its asset base by at least 30%‚ increase market capitalisation to R3bn and achieve 10% growth in combined earnings. Read more >>

Industrial property developments create 17,00 jobs in KZN
[Edward West] Demand for industrial land in KwaZulu-Natal is strong, with vacant space at the lowest level compared with the rest of the country, Tongaat Hulett executive for land development Mike Deighton said last week. Read more >>

Vukile buys 50% of East Rand Mall for R1.115bn
Vukile Property Fund said in a cautionary notice on Friday (23 November) that it will buy a 50% undivided share in the East Rand Mall in Boksburg from Redefine Properties for R1.115bn in cash. The deal will be concluded in April next year. Read more >>

New taxi rank opened at Eastgate Shopping Centre
Liberty Properties officially opened its new taxi rank following an investment of approximately R7 million at Eastgate Shopping Centre in Johannesburg. The relocated, upgraded rank will function as a key commuter hub for the broader eastern suburbs of Johannesburg. Read more >>

Electric fences now also need compliance certificates
In terms of the Electrical Machinery Regulations of 2011 (the Regulations), issued under the Occupational Health and Safety Act 85 of 1993, an additional compliance certificate is now required where there is a change of ownership of immovable property. This is according to Muhammad Gattoo, director in the real estate practice at Cliffe Dekker Hofmeyr. Read more >>

Today's low prices make holiday property a good long-term product
[Bill Rawson] In recent months property experts have been pointing out that coastal and holiday properties have been the hardest hit by the 2009/11 downturn and are available at huge discounts - usually said to be between 30% and 50% lower than previous boom-era sale prices. Read more >>

Property management


Investment in property yields satisfactory return - Rawson Properties
Regular media surveys on the residential property sector in South Africa frequently compare the returns on property with those of other asset classes - particularly the JSE Securities Exchange - and this often reflects poorly on the performance of property. Read more >>

Rental


Agents must ensure a good relationship between owner and tenant
One of the most important tasks of a rental property agent, if he is to ensure a good, ongoing relationship between tenants and landlords and comply with the Rental Housing Act, is to make sure that a joint incoming inspection is carried out at the property, says Wayne Albutt, national manager of Rawson Rentals. Read more >>

Residential


V&A Waterfront 'on recovery path'
[Thabang Mokopanele] While the residential property market at Cape Town's V&A Waterfront has felt the pinch of global economic meltdown after the exit of several foreign buyers, it is starting to show signs of a sustained recovery with a with steady appetite for well-priced residential properties. Read more >>

Don Group sells five hotels for R120.5m
[Alistair Anderson] The Don Group has sold its remaining five hotels for R120,5m as part of its plan to transform itself into a property management company. Read more >>

Properties in certain areas show excellent growth in past five years
Bill Rawson, chairman of the Rawson Property Group, has drawn attention to a summary of the South African residential property market recently compiled by Joan Muller of the Financial Mail. This review contains all the relevant data and gives support to a recent statement that many areas throughout the country always will and continue to buck the slow growth trend producing good growth figures - many appreciating in the recent years of ± 10% per annum. Read more >>


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