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Growthpoint the new Discovery global headquarters in Sandton Central
October 18, 2017

New Discovery head office is certified green

in Green Building and Sustainability
The new Discovery global headquarters in Sandton Central has become the largest new build project to receive a 5 Star Green Star rating by the Green Building Council South Africa (GBCSA) to date.
Edgar Pieterse
October 18, 2017

Private and public sectors still entrenching urban sprawl, says UCT professor

in Green Building and Sustainability
If private- and public-sector land investment in our cities concentrates on keeping the haves away from the have-nots, urban sprawl will be encouraged, Professor Edgar Pieterse, told Green Building Convention 2017 delegates at Century City in Cape Town last week.
Phil Barttram MSCI
October 18, 2017

IPD South Africa Green Property Index highlights link between green buildings and investment performance

in Green Building and Sustainability
MSCI Inc. (NYSE: MSCI) recently released the IPD South Africa Annual Green Property Index.
Christo Jonker CEO Prevance
Oct 13, 2017

Light at the End of the Tunnel

Buying a home is one of the biggest investment decisions a person will ever make.
Andrew Konig Redefine Properties CEO
Oct 13, 2017

Redefine Properties recognised as top employer in South Africa by Top Employer…

JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) has been officially…
Brainworks List on the JSE
Oct 13, 2017

Brainworks debuts as first Zimbabwean company with primary JSE listing

Brainworks Limited (“Brainworks”) debuted successfully on the JSE Main board under the “Equity Investment Instruments”…

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Attacq has once again been bestowed top honours for exceptional performance in the MSCI South Africa Real Estate Awards.

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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

Brian Kantor

Brian Kantor

Brian Kantor is an Independent Non-executive Chairman of ACUCAP Properties Limited.
Wednesday, 16 February 2011 02:00

Refurbished 1 Thibault Square fetches high rental renewals

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Almost forty years after its completion, the landmark Revel Fox-designed office block at No 1 Thibault Square is undergoing a R25-million refurbishment

The 35-storey Modernist building, originally known as the BP Centre, is situated on Cape Town’s European-style Thibault Square at the end of St George’s Mall. Underscoring its appeal, No 1 Thibault Square has realised excellent returns during a period in which the global financial crisis impacted negatively on all sectors of the South African property market. Of the total lettable area of 36 000 square metres, the vacancy rate is running at a remarkably low 5%.

“We paid what we considered quite a lot when we bought the building in 2006,” says Adam Blow, executive director of Zenprop, “but we had huge faith in the future of the Cape Town CBD and had a feeling that rentals were going to escalate – which is exactly what’s happened.”

Says Zenprop property manager, Janine Coleske: “In the past year, four of our blue-chip clients, occupying about 1 000 square metres each, have increased their space requirements by between 30 and 100 percent, taking up an entire additional floor in two instances, and entering into new five-year leases. And we’ve managed to achieve an average rental of between R115 and R120 per square metre.”

The refurbishment has included work on the six high-rise lifts, which have been modernised at a cost of about R12 million. The Miconic 10/Schindler destination-control system has reduced both crowding in the lobby and travel time in the lifts. The Schindler AC gearless machines offer power savings, and safety mechanisms are cutting edge.

The façade of the building, which consists of precast column and beam liners with an exposed dark Paarl granite (chosen to echo the colour of Table Mountain), is also being given a facelift. Major repairs are being carried out on various concrete panels at a cost of about R6 million.

The parking levels have all undergone a complete upgrade, and refurbishment work is ongoing on the rest rooms throughout the building.

Thibault Square is a favourite chill-out spot for office workers and visitors to the city, who flock to its cafes and coffee shops throughout the day. And while John Skotness’s Mythological Landscape steel-and-bronze sculpture provides a focal point in the piazza, it’s No 1 Thibault Square that always draws the eye. The office block is still the tallest building in the Cape Town city centre, and even when it was designed over four decades years ago, environmental factors were taken into consideration.

The 34-degree diagonal twist, which puts it on a north-south axis, reduces sun loads on the facades, putting less pressure on the airconditioning system. To further shield the facades, a precast screen is mounted on every floor, allowing good air flow and cutting off direct sun rays. This unique orientation also means that all the offices have views of either the mountain or the harbour, and that none stare straight into the facades of the surrounding buildings.

The skyscraper quickly became a landmark, and in 2008 was acknowledged in a national survey by the South African Institute of Architecture to be one of the country’s “good buildings”.


Publisher: eProp
Source: Zenprop

Listed Property, REIT, Real Estate Funds

Andrew Konig Redefine Properties CEO

Redefine Properties recognised as top employer in South Africa by Top Employer Institute

October 13, 2017 Listed Property, REIT, Real Estate Funds eProperty News
JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) has been officially certified as a Top Employer 2018, for the third consecutive year.

Office, Retail, Industrial, Hotels and Residential

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Green Building and Sustainability

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Commercial Property Auctions

ERF 112227 Epping Cape Town

Clear Asset to auction Dairybelle's Epping properties and moveables in final Liquidation order

June 16, 2017 Commercial Property Auctions eProperty News
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Africa, International Property News

Hadley Dean

Echo Polska Properties office disposal puts it on track to become pure retail player

October 04, 2017 Africa, International Property News eProperty News
JSE listed Echo Polska Properties (EPP) today announced an agreement to dispose of an office portfolio for €160 million.

Construction, Energy and infrastructure

Charl du Plessis

Ensuring the shortest possible payback period vital for commercial solar

October 10, 2017 Construction, Energy and Infrastructure eProperty News
The payback period on commercial solar photovoltaic (PV) systems has decreased substantially and many companies can now expect solar panel installations to pay for themselves within five years or less. 

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