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Johan Hattingh
September 22, 2017

Rode & Associates says Capitalization rates are now firmly on a rising path

in Office, Retail, Industrial, Hotels and Residential
Property, whether directly held or listed, was the darling of South African investors over the past decade and longer.
Aerial image of Ballito Junction
September 22, 2017

Ballito Junction Regional Mall is crowned the best new shopping centre in South Africa

in Office, Retail, Industrial, Hotels and Residential
Ballito Junction Regional Mall has been named the best new shopping centre development in South Africa this year.
Jacques Du Toit Absa Hoam Loans
September 21, 2017

Marginal improvement in residential building activity up to July

in Construction, Energy and Infrastructure
Building activity in the South African market for new private sector-financed housing showed some marginal improvement on a year-on-year basis in both the planning and construction phases in the first seven months of 2017, based on data released by Statistics South Africa.
Christian Ulbrich
Sep 21, 2017

Jones Lang LaSalle South Africa 2017Q2 reports reveal useful trends on industrial,…

Real estate consulting firm, JLL South Africa, has released its Q2 2017 research reports of the industrial markets in…
Lesetja Kganyago SARB Governor
Sep 21, 2017

Repo rate remains unchanged at 6.75%

The repo rate will remain unchanged at 6.75% per annum, Reserve Bank Governor Lesetja Kganyago said on Thursday.
John_LoosFNB
Sep 21, 2017

John Loos comments on the unchanged Repo Rate

SARB leaves Repo Rate unchanged after only 1 x 25 basis point cut in the current cutting cycle. Weak consumer…

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Frederick Arendse

Frederick Arendse is the Executive Director of Ascension Property Limited.
Monday, 16 September 2013 08:24

Retailers see potential of Cape Town CBD

Written by Commercial Property News
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International and local high-end retailers have been flocking to Cape Town’s central business district to set up shop as the appetite for luxury goods continues to grow.

Rob KaneWith SA boasting 60% of Africa’s total millionaires‚ international and local high-end retailers have been flocking to Cape Town’s central business district (CBD) to set up shop as the appetite for luxury goods continues to grow‚ the city’s Central City Improvement District (CCID) says.

SA is the only country on the continent with a developed luxury goods sector‚ according to global management consultancy firm‚ Bain & Company‚ which predicts that the local luxury goods market will grow between 20% and 30% over the next five years.

“The Cape Town CBD is well-positioned to offer shoppers a retail experience that is fast matching that of some of the world’s most recognised high-end shopping districts‚” said CCID chairman Rob Kane on Friday.

“While some high-end retailers may opt for a mall environment‚ the retailers in the Cape Town central city - much like their global counterparts - have opted to let the surrounds of the CBD form part of the overall package and retail experience for their clientele‚” Kane said.

He said that the retail offering of any CBD is one that needed to be diverse enough to cater to different markets.

“There is no denying the growing numbers of discerning luxury shoppers both locally and internationally‚ and the growing bouquet of high-end retailers in the Cape Town CBD is poised not only to meet the demand of the booming luxury sector‚ but to thrive with it as well‚” he said.

Elbeth Gillis‚ prominent couture and wedding dress designer based in Bloem Street‚ said the reason she chose to locate her business in the CBD instead of a shopping mall was that she would have the “freedom to set her studio’s operating hours and the rent is considerably less in the CBD”.

“We also prefer the vibe in the central city. There are a lot of small designer-type stores that complement each other‚ which turns the location into a creative hub‚” Gillis said.

It is all systems go as Cape Town prepares for its year as World Design Capital in 2014. At a press briefing on Friday‚ Grant Pascoe‚ mayoral committee member for tourism‚ events and marketing said that the first event next week would see the city’s representatives promoting Cape Town as the World Design Capital 2014 to the global design audience at the Design Week Forum in London.

Last modified on Monday, 16 September 2013 10:03

Listed Property, REIT, Real Estate Funds

Bronwyn Corbett Delta

Grit Real Estate Income Group delivers solid 2017 results on the back of favourable lease renewals

September 21, 2017 Listed Property, REIT, Real Estate Funds eProperty News
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Office, Retail, Industrial, Hotels and Residential

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Green Building and Sustainability

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September 19, 2017 Green Building and Sustainability eProperty News
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Commercial Property Auctions

ERF 112227 Epping Cape Town

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

Graeme Katz IAPF CEO

Investec Australia Property Fund acquires Melbourne industrial property

September 18, 2017 Africa, International Property News eProperty News
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Construction, Energy and infrastructure

Jacques Du Toit Absa Hoam Loans

Marginal improvement in residential building activity up to July

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