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Neil Gopal SAPOA CEO
June 02, 2015

Comparing Commercial property rates and taxes across South Africa’s eight metropolitan municipalities

in Office, Retail, Industrial, Hotels and Residential
The South African Property Owners Association’s (SAPOA) comparison of the level of rates and taxes levied in each of the eight metropolitan municipalities reveals some variance in the cents in the rand rate across the main property types.
Paul Leaf-Wright CEO Atlantic Leaf Properties
June 02, 2015

Atlantic Leaf Properties raises R567.5m in private placement to fund acquisitions

in Listed Property, REIT, Real Estate Funds
Atlantic Leaf Properties Limited has concluded a successful private placement of 27.6 million new shares raising £30.4 million (R567.5 million).
Queenstown Retail Centre
June 02, 2015

24 properties around SA on multiple auction by Broll Auctions and Sales on 9 June 2015

in Commercial Property Auctions
Following the success of the first multiple auction held by Broll Auctions and Sales, a further auction of 24 prime commercial properties in diverse locations around South Africa is to be held at noon on Tuesday 9 June 2015 at the Wanderers Club in Johannesburg.
Christo Wiese
Jun 02, 2015

Tradehold expansion drive grows revenue for the year by 65%

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Jun 01, 2015

Attractive income yields in UK's low risk dental property sector

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Jun 01, 2015

Tower Property Fund undertakes accelerated book build to raise R300m

Tower Property Fund announces an equity raising of approximately R300 million through the issue of new shares.

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Monday, 02 February 2004 02:00

Johannesburg CBD Parking resurges

Published By  eProp Commercial Property News
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Johannesburg's Central Business District is experiencing a major resurgence in the provision of parking facilities.

Neil FraserSo says Neil Fraser, executive director of the Central Johannesburg Partnership.

Quoted in Rode and Associates's Property News, Fraser says this resurgence has come as a major turnaround from what he calls the "short-sighted decision" the city planners made in the '60s and '70s in restricting the number of parking bays in any construction project.

"This was a major factor in the downward spiral of the Johannesburg business district.

"Coupled with traffic congestion in and out of the city, lack of adequate street parking, high rates, high rentals and building costs, many companies started to move out to new areas where such restrictions did not apply. Crime and grime then moved in."

Parking is increasingly regarded as a crucial factor in the success of any CBD revitalisation project.

At the recent Rode Conference in Cape Town, property broker Theodore Yach said that for obsolete CBD buildings to be given a new lease of life through conversion to residential use, parking within 100m is crucial.

In Cape Town, buildings converted to residential use and with on-site parking could yield R15 000 to R17 000 per square metre, whereas those without parking would typically fetch only about R4 000 per square metre, Yach told the conference.

Fraser says earlier this year in Johannesburg, Liberty Life completed a 370- bay parking garage in Braamfontein for its staff.

Also, about 1 860 bays are under construction in the Constitution Hill super-basement.

Also being built are:

  • 430 underground parking bays off Simmonds Street for Sappi staff and Civic Theatre patrons; n350 bays for the JD group in Braamfontein;
  • A 1 012-bay parking facility for FNB at Bank City; n1 000 bays at the Standard Bank superblock;
  • A 200-bay parking garage at 80 Marshall Street; and
  • A new staff parking facility of 830 bays at the Absa campus.

According to Fraser, 6 052 bays are under construction or have been completed at an overall cost of R30-million. "In addition, new projects in Newtown that will start this year will have provision for parking for 500 cars while an R8-million contract has been awarded to convert disused railway sidings in Newtown into public parking."



Last modified on Saturday, 17 May 2014 16:32
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Listed Property, REIT, Real Estate Funds

Paul Leaf-Wright CEO Atlantic Leaf Properties

Atlantic Leaf Properties raises R567.5m in private placement to fund acquisitions

June 02, 2015 Listed Property, REIT, Real Estate Funds eProp Commercial Property News
Atlantic Leaf Properties Limited has concluded a successful private placement of 27.6 million new shares raising £30.4 million (R567.5 million).

Office, Retail, Industrial, Hotels and Residential

Neil Gopal SAPOA CEO

Comparing Commercial property rates and taxes across South Africa’s eight metropolitan municipalities

June 02, 2015 Office, Retail, Industrial, Hotels and Residential eProp Commercial Property News
The South African Property Owners Association’s (SAPOA) comparison of the level of rates and taxes levied in each of the eight metropolitan municipalities reveals some variance in the cents in the rand rate across the main property types.

Green Building and Sustainability

Kirstenhof Office Park Paulshof

Growthpoint Properties’ Kirstenhof Office Park awarded 100th Green Star SA Certification

May 31, 2015 Green Building and Sustainability eProp Commercial Property News
Growthpoint Properties’ Kirstenhof Office Park in Johannesburg has become the 100th building to achieve a Green Star SA certification from the Green Building Council of South Africa (GBCSA). 

Commercial Property Auctions

Queenstown Retail Centre

24 properties around SA on multiple auction by Broll Auctions and Sales on 9 June 2015

June 02, 2015 Commercial Property Auctions eProp Commercial Property News
Following the success of the first multiple auction held by Broll Auctions and Sales, a further auction of 24 prime commercial properties in diverse locations around South Africa is to be held at noon on Tuesday 9 June 2015 at the Wanderers Club in…

Africa, International Property News

Christo Wiese

Tradehold expansion drive grows revenue for the year by 65%

June 02, 2015 Africa, International Property News eProp Commercial Property News
In the year to February 2015, Tradehold has significantly expanded its property holdings in the UK while establishing a foothold in selected African property markets beyond South Africa. 

Construction, Energy and infrastructure

Transnet_and_DBSA

Transnet and DBSA drive to accelerate Private Sector Participation

May 11, 2015 Construction, Energy and Infrastructure eProp Commercial Property News
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