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Bill Rawson CEO
February 09, 2016

Buying a home with your boyfriend or girlfriend – what happens if you break up?

in Office, Retail, Industrial, Hotels and Residential
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Delta City Beograd
February 09, 2016

Hyprop Investments acquires 60% in two South-Eastern European Malls

in Listed Property, REIT, Real Estate Funds
Hyprop Investments Limited (Hyprop), the specialist shopping centre REIT (Real Estate Investment Trust) today announced that it has acquired a 60% interest in Serbian mall, Delta City Belgrade purchased from Delta Real Estate Group (Delta), a private Serbian company and Montenegrin mall, Delta City…
Marc Edwards CEO Tower Property
February 09, 2016

Tower Property Fund announces largest acquisition to date

in Office, Retail, Industrial, Hotels and Residential
Tower Property Fund has announced its largest acquisition to date – a Euro 66 million deal that sees the fund expanding its offshore presence through the purchase of four retail centres in Croatia.
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Marius Muller CEO of Pareto
Feb 05, 2016

CEO Profile: Hard work pays off handsomely for Marius Muller, CEO of Pareto Limited

His father was a carpenter, his granddad a contractor.

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Video

Wednesday, 20 March 2013 12:37

Office space under pressure in year ahead

Published By  eProp@News
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Property pundits agree that office property will remain the problematic sector in the next 12 to 18 months with dominant retail centres likely to be the best performers.

Vukile Property Fund CEO Laurence Rapp believes that — consistent with last year — the market will continue to "see the office property sector under pressure".

While Rapp believes the performance of the industrial property sector will continue to improve, retail property will continue to be "the preferred asset class given its growth potential but inherently defensive nature".

Redefine Properties CEO Marc Wainer believes the pressure in the office property sector will be particularly felt in the older B-grade property arena. Wainer says it becomes much more difficult to let B-grade space in the current market because newer A-grade rentals are flat. This results in A-grade rentals being more affordable and consequently there is less incentive for prospective tenants to move into B-grade space.

As for new office property space being developed, Wainer says: "Anything being built now is being built specifically for tenants." He says there is little in the way of premium office properties coming onto the market on a speculative basis.

Redefine is, however, developing a 20,000m² office building in Sandton.

Wainer says retail property is "still pretty strong, particularly in the larger centres", adding: "We’ve seen major retailers are still doing well, expanding their retail footprint."

He says industrial property is strong and there are good signs in distribution warehousing.

Growthpoint CEO Norbert Sasse says he sees the office property market remaining the weakest of the property types in the next 12 to 18 months, especially given the muted economic growth outlook in Finance Minister Pravin Gordhan’s 2013 budget. Gross domestic product growth at about the 2.7% level is predicted for 2013.

Sasse also warns the market is seeing a slowdown in consumer spending, which will have a potentially negative effect on the retail property sector.

"However, we are confident the retail sector will continue to provide above average returns for the next 12 to 18 months."

As far as industrial property is concerned, he says there seems to be "mixed signals coming through the economy with manufacturing output coming lower than expected".

Sasse believes this, together with labour unrest in the mining sector, could also "pose some challenges for the industrial sector. However the fact that national vacancy levels in the industrial sector are at the 3% to 5% level suggests that there is no major oversupply of space. We are confident about the industrial property sector."

Source: BD

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Listed Property, REIT, Real Estate Funds

Delta City Beograd

Hyprop Investments acquires 60% in two South-Eastern European Malls

February 09, 2016 Listed Property, REIT, Real Estate Funds eProperty News
Hyprop Investments Limited (Hyprop), the specialist shopping centre REIT (Real Estate Investment Trust) today announced that it has acquired a 60% interest in Serbian mall, Delta City Belgrade purchased from Delta Real Estate Group (Delta), a private Serbian…

Office, Retail, Industrial, Hotels and Residential

Bill Rawson CEO

Buying a home with your boyfriend or girlfriend – what happens if you break up?

February 09, 2016 Office, Retail, Industrial, Hotels and Residential eProperty News
So, you’ve been thinking about getting a foot on the property ladder, but your salary doesn’t quite cover the kind of bond you’d been hoping for.

Green Building and Sustainability

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December 10, 2015 Green Building and Sustainability eProperty News
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Commercial Property Auctions

Simons Town

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Africa, International Property News

Ruby Capitals

Knight Frank looks at prime capital city residential performance for each of the competing Six nations

February 08, 2016 Africa, International Property News eProperty News
"With the start of the Six Nations Championship, we decided to take a timely comparative analysis of the prime capital city residential performance for each of the competing nations", Knight Frank says.

Construction, Energy and infrastructure

Jen Stolp Barker Mackenzie

Development capital boosts African infrastructure

February 04, 2016 Construction, Energy and Infrastructure eProperty News
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