Subletting can be a good option for landlords
Owners of buildings that remain for office use will have to consider how to best manage their space - and tenants - in these uncertain and economically weak times.
[Read More]Posted at 03:33PM Jul 23, 2020 by Editor in Commercial |
Fairvest disposes of Tokai Junction
Fairvest announced the finalisation of the due diligence for its disposal of Tokai Junction, a 7 618m2 retail centre in Constantia, Western Cape to FPG Holdings Proprietary Limited for R180 million.
[Read More]Posted at 03:24PM Jul 14, 2020 by Editor in Commercial |
Growthpoint expects 15% drop in income
Growthpoint Properties, the biggest property investment company on the JSE, said yesterday that it expected its distribution per share and distributable income per share to fall by 15 percent in its 2020 financial year compared with 2019.
[Read More]Posted at 04:07AM Jul 13, 2020 by Editor in Commercial |
Property refinance could save your business
Even as lockdown regulations ease and the economy reopens, many businesses continue to face serious cash flow issues that could force them into closure.
[Read More]Posted at 03:45PM Jul 06, 2020 by Editor in Commercial |
'Retail property apocalypse talk grossly misplaced'
All talk in the market of a retail property apocalypse, which had been made worse by the Covid-19 pandemic, was misplaced, Vukile Property Fund chief executive Laurence Rapp said yesterday.
[Read More]Posted at 11:21AM Jul 02, 2020 by Editor in Commercial |
Barloworld's earnings per share face a pummelling
Barloworld: The industrial company, in its half-first 2020 trading statement, reported that it was expecting its headline earnings per share to be between 238 cents and 285.60c, compared with 476c in the same period of the previous year. The company expected that its basic loss per share would be between 721.80c and 767.80c, compared with earnings per share of 438.10c last year. Barloworld said that Covid-19 had resulted in writedowns across its businesses.
[Read More]Posted at 01:40PM Jun 22, 2020 by Editor in Commercial |
Prime commercial property in Worcester - Three sites to be sold as single lot draw rent of R230 000 a month
RAWSON Auctions Western Cape will on June 24 in an online disposal offer three prime commercial buildings in Worcester, all in excellent condition.
Tanya Jovanovski, regional franchisee for Rawson, says the properties to be sold as a single lot generate a gross rental income of R230 000 a month and will be leased back on a triple net lease basis to the purchaser, which means the tenant will be responsible for all costs relating to the leased assets.
Posted at 01:39PM Jun 22, 2020 by Editor in Commercial |
Convert to survive low growth
Private companies, investors meet demand for housing by turning from commercial to residential
Widespread office-to-residential property conversion is taking place in Durban as the demand for housing in the city grows. In particular, student accommodation and entry-level to middle-income homes are needed, says Yianni Pavlou, company principal at Portfolio Property Investments.
Prominent private companies and investors are driving the trend, he says.
The reasons behind these conversions include:
Shortage of housing supply.
Better rental yields in the residential space compared to office.
Increased migration to Durban.
Furthermore, the regeneration of areas drives up the residential interest in them and the global trend of densification has finally started to take hold in Durban. The volume of such conversions is definitely increasing and expected to continue on this upward trajectory, Pavlou says.
Bonny Fourie
Property360.co.za
Posted at 09:37AM Oct 01, 2018 by Editor in Commercial |
Market are showing signs of recovery
Construction activity in Durban could challenge Cape Town, Joburg for international occupiers
The future looks bright for Durbans commercial property market, despite the economic slump plaguing the industry.
In fact, current construction activity could see Durban challenging Cape Town and Joburg for international occupiers.
The latest Durban Market Report by JLL states that vacancies in both the citys industrial and office markets are showing promising signs of recovering demand.
The report reveals investor confidence also remains intact as new developments come on to both markets.
But while the office sector is seeing some firming in rental rates, JLL says price sensitivity in the industrial market has led to rates stagnating in recent months.
Bonnie Fourie
Property360.co.za
Posted at 09:46AM Sep 24, 2018 by Editor in Commercial |
Westville North: A hive of busy activity
Rodger Sishi Road, once known as Blair Atholl Road, has changed over the years, and today is marked by business energy
Whether recognised by the old name Blair Atholl Road (as many of the signboards still reflect), in honour of the Scottish town, or by the new name Rodger Sishi Road to commemorate the late ANC councillor, teacher and businessman Rodger Dinga Sishi, this Westville North road reflects the changing dynamics of 21st century living.
About 11km long, Rodger Sishi Road can be traced from the traffic lights under the M13 bridge separating central Westville from Westville North towards Otto Volek Road in New Germany.
Nicola Jenvey
Property360.com
Posted at 09:38AM Sep 24, 2018 by Editor in Commercial |