Latest News

Brian Wilkinson GBCSA CEO
September 23, 2016

Green Building Council of South Africa aims to change perspectives during World Green Building Week

in Green Building and Sustainability
The impact of buildings on the environment is astounding, with the built environment currently accounting for 25% of the world’s water usage and 60% of its electricity. But it doesn’t have to be this way.
Andrew Golding Pamgolding
September 23, 2016

Repo rate decision a timeous spring boost for home buyers says Dr Andrew Golding

in Office, Retail, Industrial, Hotels and Residential
Welcoming today’s decision by the Monetary Policy Committee meeting to again hold the repo rate steady, Dr Andrew Golding, CE of the Pam Golding Property group, said that South Africa’s housing market continues to demonstrate maturity and ongoing resilience.
Lesetja Kganyago Governor
September 22, 2016

Repo rate unchanged in September

in Office, Retail, Industrial, Hotels and Residential
The Reserve Bank’s Monetary Policy Committee (MPC) has kept the repo rate unchanged at 7% per annum.
Mark Stevens SAREIT
Sep 22, 2016

Industrial sector holds prospects for listed property

There are opportunities for listed property companies in the industrial sector, especially in developing specialised…
Vincent Joyner Hospitality Property Fund
Sep 22, 2016

Tsogo Sun shakes up management of Hospitality Property Fund

Hospitality Property Fund will get a new CEO and financial director‚ following its takeover by Tsogo Sun.
Central Square Menlyn Maine ribbon cutting ceremony
Sep 21, 2016

Central Square introduces top shopping that puts the environment first

Central Square at Menlyn Maine opened today in Tshwane, introducing some of SA’s most environmentally-friendly,…
Joe de Beer Statistics SA
Sep 21, 2016

Consumer Price Index (CPI) eases slightly in August

The annual Consumer Price Index (CPI) eased to 5.9% in August 2016, Statistics South Africa (Stats SA) announced on…
Louw Liebenberg Small
Sep 21, 2016

SA sees a return to stable rental growth

According to the quarterly PayProp Rental Index, the average South African rental for Q2 2016 was R6 570.50, a 6.4%…

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Featured Profiles

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

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  • NEPI investors rubbing their hands with glee as property portfolio rakes in dividends

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  • Every building counts for award-winning property industry powerhouse, Marna van der Walt

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  • Tower Property Fund's wobbly share price not a true reflection of group’s meteoric rise

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Company Profile

UniqueCo Property Valuers

UNIQUECO Property Valuers

Company Profile & Background UNIQUECO Properties (Pty) Ltd (Trading as UNIQUECO Property Valuers) was established in 2008, providing professional valuation services of exceptional quality, primarily real estate, using unique valuation methodologies and…

Property Leader

Lynette Ntuli

Lynette Ntuli

Lynette Ntuli is the founding director and Chief Executive Officer of property, asset and infrastructure development and solutions firm; Innate Investment Solutions (Pty) Ltd.
Wednesday, 20 March 2013 12:37

Office space under pressure in year ahead

Written by [email protected]
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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

Listed Property, REIT, Real Estate Funds

Mark Stevens SAREIT

Industrial sector holds prospects for listed property

September 22, 2016 Listed Property, REIT, Real Estate Funds eProperty News
There are opportunities for listed property companies in the industrial sector, especially in developing specialised warehousing and distribution centres, say experts.

Office, Retail, Industrial, Hotels and Residential

Andrew Golding Pamgolding

Repo rate decision a timeous spring boost for home buyers says Dr Andrew Golding

September 23, 2016 Office, Retail, Industrial, Hotels and Residential eProperty News
Welcoming today’s decision by the Monetary Policy Committee meeting to again hold the repo rate steady, Dr Andrew Golding, CE of the Pam Golding Property group, said that South Africa’s housing market continues to demonstrate maturity and ongoing resilience.

Green Building and Sustainability

Brian Wilkinson GBCSA CEO

Green Building Council of South Africa aims to change perspectives during World Green Building Week

September 23, 2016 Green Building and Sustainability eProperty News
The impact of buildings on the environment is astounding, with the built environment currently accounting for 25% of the world’s water usage and 60% of its electricity. But it doesn’t have to be this way.

Commercial Property Auctions

Aerial view cold storage in Bellville

Second half of 2016 more positive for property sector, says Broll Auctions and Sales

September 16, 2016 Commercial Property Auctions eProperty News
Following the uncertainty prior to the elections, the second half of the year should be much more positive for the property sector, according to Norman Raad, CEO of Broll Auctions and Sales.

Africa, International Property News

Spur_Corporation

Spur Corporation FY headline earnings up 15.9% to R164.0m

September 14, 2016 Africa, International Property News eProperty News
Spur Corporation’s results for the year to June suggest the pressures facing consumers are being felt most acutely in the lower end of the market.

Construction, Energy and infrastructure

The Yacht Club Cape Town

Amdec’s The Yacht Club breaks ground with 80% of its apartments sold out

September 20, 2016 Construction, Energy and Infrastructure eProperty News
Construction has commenced at The Yacht Club, a unique R1.3bn mixed-use iconic development by the Amdec Group, South Africa’s leading developer of New Urban lifestyles.

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