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PROPERTY WHEEL
3 min read. Manufacturer and supplier of bricks, Brikor Limited, has substantially increased its profit after taxation to R12 million (2020: R1.5 million) and gross profit to R65 million (2020: R62.5 million). In the group’s financial results for the year ended 28th February 2021, it reported generatingONE THIBAULT
One Thibault – Cape Town’s reimagined icon. 19 May 2021. by PropertyWheel_G. 4 min read. Convenience, comfort, affordability and planet sensitivity are all vital aspects to consider when choosing where to live. Multi-use buildings are fast becoming the norm – offering residents any number of convenient amenities within their ownbuilding.
PIC ACQUIRES DELOITTE BUILDING FOR R1.7BN PIC acquires Deloitte building for R1.7bn. 7 May 2021. by PropertyWheel_G. 2 min read. The Deloitte building in Midrand, Gauteng. Photo credit: Atterbury. The Public Investment Corporation (PIC), on behalf of the Government Employees Pension Fund (GEPF), has concluded a purchase agreement to acquire 100% of the leasehold rightsbuilding on
LANGO, STANDARD BANK & RMB CONCLUDE LARGEST REAL ESTATE Lango Real Estate (formerly Growthpoint Investec African Properties Limited) has completed a full restructure of its underlying propertydebt in a
SAPOA & MSCI VIRTUAL CONFERENCE 2021: BE A PART OF THE No one could have predicted just how disruptive and broad-based the impact of Covid-19 was going to be. The ensuing crisis highlights how real estate is inextricably linked to other financial markets, the broader economy and society around it. ICONIC SAB WORLD OF BEER BUILDING GOING ON AUCTION The lease on the iconic former SAB World of Beer building in Newtown is up for grabs to the highest bidder.. Broll Auctions and Sales is hoping to attract an investor who will secure a 32-year lease for use of a 5215 square metre erf, zoned industrial, when the building goes on auction on the 27th of May at Johannesburg’s Inanda Club. POPIA – THE RELATIONSHIP DYNAMIC BETWEEN ESTATE AGENTS Online buying has become the way to do and view things – from homes to clothing, food, and gym equipment. Before you press ‘send’ on that online form, you should be aware of your right on how your details are collected and processed as should the responsible parties who could suffer significant legal and financial repercussions should they contravene the provisions of the Protection of RAWSON AUCTIONS: PARKFAIR STUDENT DEVELOPMENT (CAPE TOWN The Parkfair development – to be sold as a completed turnkey project – will be going on auction at the end of April 2021. Located along Halt Road in Riverton, Goodwood in Cape Town, the development is a mix of retail (on the ground floor) and residential (four floors above). The upmarket project, located on an erf of 1 246m 2, is ideal for HOME OWNERS ASSOCIATIONS Home Owners Associations – what you need to know. 9 Jun 2017. by PropertyWheel_GLP. 4 min read. With security a factor that is influencing home-buying decisions in South Africa, many are choosing to purchase homes within boomed off areas or secure lifestyle estates, says Adrian Goslett, Regional Director and CEO of RE/MAX of SouthernAfrica.
FIDUCIARY DUTIES OF TRUSTEES IN SECTIONAL TITLE SCHEMES The duty of trust or fiduciary duty really means that the person responsible will exercise his powers in good faith and he will not act in his own interest or for another’s gain, but for the members (the owners of the sectional title units) he represents. Trustees must disclose any conflicts of interest. Section 40 (b) of the SectionalTitles
PROPERTY WHEEL
3 min read. Manufacturer and supplier of bricks, Brikor Limited, has substantially increased its profit after taxation to R12 million (2020: R1.5 million) and gross profit to R65 million (2020: R62.5 million). In the group’s financial results for the year ended 28th February 2021, it reported generatingONE THIBAULT
One Thibault – Cape Town’s reimagined icon. 19 May 2021. by PropertyWheel_G. 4 min read. Convenience, comfort, affordability and planet sensitivity are all vital aspects to consider when choosing where to live. Multi-use buildings are fast becoming the norm – offering residents any number of convenient amenities within their ownbuilding.
PIC ACQUIRES DELOITTE BUILDING FOR R1.7BN PIC acquires Deloitte building for R1.7bn. 7 May 2021. by PropertyWheel_G. 2 min read. The Deloitte building in Midrand, Gauteng. Photo credit: Atterbury. The Public Investment Corporation (PIC), on behalf of the Government Employees Pension Fund (GEPF), has concluded a purchase agreement to acquire 100% of the leasehold rightsbuilding on
LANGO, STANDARD BANK & RMB CONCLUDE LARGEST REAL ESTATE Lango Real Estate (formerly Growthpoint Investec African Properties Limited) has completed a full restructure of its underlying propertydebt in a
SAPOA & MSCI VIRTUAL CONFERENCE 2021: BE A PART OF THE No one could have predicted just how disruptive and broad-based the impact of Covid-19 was going to be. The ensuing crisis highlights how real estate is inextricably linked to other financial markets, the broader economy and society around it. ICONIC SAB WORLD OF BEER BUILDING GOING ON AUCTION The lease on the iconic former SAB World of Beer building in Newtown is up for grabs to the highest bidder.. Broll Auctions and Sales is hoping to attract an investor who will secure a 32-year lease for use of a 5215 square metre erf, zoned industrial, when the building goes on auction on the 27th of May at Johannesburg’s Inanda Club. POPIA – THE RELATIONSHIP DYNAMIC BETWEEN ESTATE AGENTS Online buying has become the way to do and view things – from homes to clothing, food, and gym equipment. Before you press ‘send’ on that online form, you should be aware of your right on how your details are collected and processed as should the responsible parties who could suffer significant legal and financial repercussions should they contravene the provisions of the Protection of RAWSON AUCTIONS: PARKFAIR STUDENT DEVELOPMENT (CAPE TOWN The Parkfair development – to be sold as a completed turnkey project – will be going on auction at the end of April 2021. Located along Halt Road in Riverton, Goodwood in Cape Town, the development is a mix of retail (on the ground floor) and residential (four floors above). The upmarket project, located on an erf of 1 246m 2, is ideal for HOME OWNERS ASSOCIATIONS Home Owners Associations – what you need to know. 9 Jun 2017. by PropertyWheel_GLP. 4 min read. With security a factor that is influencing home-buying decisions in South Africa, many are choosing to purchase homes within boomed off areas or secure lifestyle estates, says Adrian Goslett, Regional Director and CEO of RE/MAX of SouthernAfrica.
FIDUCIARY DUTIES OF TRUSTEES IN SECTIONAL TITLE SCHEMES The duty of trust or fiduciary duty really means that the person responsible will exercise his powers in good faith and he will not act in his own interest or for another’s gain, but for the members (the owners of the sectional title units) he represents. Trustees must disclose any conflicts of interest. Section 40 (b) of the SectionalTitles
LANDMARK MIXED-USE TOWERS MAIN WINS AT SAPOA’S PROPERTY Towers Main, the landmark inner-Johannesburg mixed-use development, has taken home a duo of awards at SAPOA’s recent Property Development Awards for Innovative Excellence. BRAKPAN TO WELCOME NEW COUNTRY MALL DEVELOPMENT In partnership with Dalmar Construction, Retail Network Services’ new Country Mall development is situated in Dalpark, Brakpan. Set to open on the 23 rd of September 2021, Country Mall will boast some of the country’s high-end and most desirable retail chains including Tops Liquor and SuperSpar, Clicks, West Pack Lifestyle, Eateries like PIC ACQUIRES DELOITTE BUILDING FOR R1.7BN PIC acquires Deloitte building for R1.7bn. 7 May 2021. by PropertyWheel_G. 2 min read. The Deloitte building in Midrand, Gauteng. Photo credit: Atterbury. The Public Investment Corporation (PIC), on behalf of the Government Employees Pension Fund (GEPF), has concluded a purchase agreement to acquire 100% of the leasehold rightsbuilding on
THE IMPACT OF POPI ON SECTIONAL TITLE Specialist Sectional Title Attorney and BBM Law director Marina Constas. With the Protection of Personal Information Act (POPI Act) now in effect, it has significant implications for owners, tenants and executives in community housing schemes like sectional title complexes, apartment blocks, residential estates and retirementvillages.
EQUITES AND STANDARD BANK PARTNER ON LANDMARK Equites and Standard Bank partner on landmark sustainability-linked loan. Equites CEO, Andrea Taverna-Turisan,. Logistics focused Equites Property Fund Limited has closed a sustainability-linked loan with Standard Bank. The R1.6 billion sustainability-linked facility agreement comprises of two R800 million tranches. ONE THIBAULT: INVESTING IN CAPE TOWN’S SKYLINE WITH A 100% “In our experience, people want their own space and size is secondary,” says Steven. “Investors are also very price-sensitive, and they can afford their own space to a certain degree – as a property developer, you have to find this balance”. Jonathan Fell from Lew Geffen Sotheby’s International Atlantic Seaboard and City Bowl says One Thibault investors have an opportunity that has EVENTS – PROPERTY WHEEL Upcoming Property Events. SAPOA Online Education - Certificate for Commercial Property Practitioner (CCPP) (University of Pretoria) SAPOAOnline Education -
HOME OWNERS ASSOCIATIONS Home Owners Associations – what you need to know. 9 Jun 2017. by PropertyWheel_GLP. 4 min read. With security a factor that is influencing home-buying decisions in South Africa, many are choosing to purchase homes within boomed off areas or secure lifestyle estates, says Adrian Goslett, Regional Director and CEO of RE/MAX of SouthernAfrica.
BBM ATTORNEYS
Upcoming Property Events. SAPOA Online Education - Certificate for Commercial Property Practitioner (CCPP) (University of Pretoria) SAPOAOnline Education -
EVENTS – PAGE 4 – PROPERTY WHEEL Upcoming Property Events. SAPOA Online Education - Certificate for Commercial Property Practitioner (CCPP) (University of Pretoria) SAPOAOnline Education -
PROPERTY WHEEL
3 min read. Manufacturer and supplier of bricks, Brikor Limited, has substantially increased its profit after taxation to R12 million (2020: R1.5 million) and gross profit to R65 million (2020: R62.5 million). In the group’s financial results for the year ended 28th February 2021, it reported generatingONE THIBAULT
One Thibault – Cape Town’s reimagined icon. 19 May 2021. by PropertyWheel_G. 4 min read. Convenience, comfort, affordability and planet sensitivity are all vital aspects to consider when choosing where to live. Multi-use buildings are fast becoming the norm – offering residents any number of convenient amenities within their ownbuilding.
PIC ACQUIRES DELOITTE BUILDING FOR R1.7BN PIC acquires Deloitte building for R1.7bn. 7 May 2021. by PropertyWheel_G. 2 min read. The Deloitte building in Midrand, Gauteng. Photo credit: Atterbury. The Public Investment Corporation (PIC), on behalf of the Government Employees Pension Fund (GEPF), has concluded a purchase agreement to acquire 100% of the leasehold rightsbuilding on
LANGO, STANDARD BANK & RMB CONCLUDE LARGEST REAL ESTATE Lango Real Estate (formerly Growthpoint Investec African Properties Limited) has completed a full restructure of its underlying propertydebt in a
SAPOA & MSCI VIRTUAL CONFERENCE 2021: BE A PART OF THE No one could have predicted just how disruptive and broad-based the impact of Covid-19 was going to be. The ensuing crisis highlights how real estate is inextricably linked to other financial markets, the broader economy and society around it. ICONIC SAB WORLD OF BEER BUILDING GOING ON AUCTION The lease on the iconic former SAB World of Beer building in Newtown is up for grabs to the highest bidder.. Broll Auctions and Sales is hoping to attract an investor who will secure a 32-year lease for use of a 5215 square metre erf, zoned industrial, when the building goes on auction on the 27th of May at Johannesburg’s Inanda Club. POPIA – THE RELATIONSHIP DYNAMIC BETWEEN ESTATE AGENTS Online buying has become the way to do and view things – from homes to clothing, food, and gym equipment. Before you press ‘send’ on that online form, you should be aware of your right on how your details are collected and processed as should the responsible parties who could suffer significant legal and financial repercussions should they contravene the provisions of the Protection of RAWSON AUCTIONS: PARKFAIR STUDENT DEVELOPMENT (CAPE TOWN The Parkfair development – to be sold as a completed turnkey project – will be going on auction at the end of April 2021. Located along Halt Road in Riverton, Goodwood in Cape Town, the development is a mix of retail (on the ground floor) and residential (four floors above). The upmarket project, located on an erf of 1 246m 2, is ideal for HOME OWNERS ASSOCIATIONS Home Owners Associations – what you need to know. 9 Jun 2017. by PropertyWheel_GLP. 4 min read. With security a factor that is influencing home-buying decisions in South Africa, many are choosing to purchase homes within boomed off areas or secure lifestyle estates, says Adrian Goslett, Regional Director and CEO of RE/MAX of SouthernAfrica.
FIDUCIARY DUTIES OF TRUSTEES IN SECTIONAL TITLE SCHEMES The duty of trust or fiduciary duty really means that the person responsible will exercise his powers in good faith and he will not act in his own interest or for another’s gain, but for the members (the owners of the sectional title units) he represents. Trustees must disclose any conflicts of interest. Section 40 (b) of the SectionalTitles
PROPERTY WHEEL
3 min read. Manufacturer and supplier of bricks, Brikor Limited, has substantially increased its profit after taxation to R12 million (2020: R1.5 million) and gross profit to R65 million (2020: R62.5 million). In the group’s financial results for the year ended 28th February 2021, it reported generatingONE THIBAULT
One Thibault – Cape Town’s reimagined icon. 19 May 2021. by PropertyWheel_G. 4 min read. Convenience, comfort, affordability and planet sensitivity are all vital aspects to consider when choosing where to live. Multi-use buildings are fast becoming the norm – offering residents any number of convenient amenities within their ownbuilding.
PIC ACQUIRES DELOITTE BUILDING FOR R1.7BN PIC acquires Deloitte building for R1.7bn. 7 May 2021. by PropertyWheel_G. 2 min read. The Deloitte building in Midrand, Gauteng. Photo credit: Atterbury. The Public Investment Corporation (PIC), on behalf of the Government Employees Pension Fund (GEPF), has concluded a purchase agreement to acquire 100% of the leasehold rightsbuilding on
LANGO, STANDARD BANK & RMB CONCLUDE LARGEST REAL ESTATE Lango Real Estate (formerly Growthpoint Investec African Properties Limited) has completed a full restructure of its underlying propertydebt in a
SAPOA & MSCI VIRTUAL CONFERENCE 2021: BE A PART OF THE No one could have predicted just how disruptive and broad-based the impact of Covid-19 was going to be. The ensuing crisis highlights how real estate is inextricably linked to other financial markets, the broader economy and society around it. ICONIC SAB WORLD OF BEER BUILDING GOING ON AUCTION The lease on the iconic former SAB World of Beer building in Newtown is up for grabs to the highest bidder.. Broll Auctions and Sales is hoping to attract an investor who will secure a 32-year lease for use of a 5215 square metre erf, zoned industrial, when the building goes on auction on the 27th of May at Johannesburg’s Inanda Club. POPIA – THE RELATIONSHIP DYNAMIC BETWEEN ESTATE AGENTS Online buying has become the way to do and view things – from homes to clothing, food, and gym equipment. Before you press ‘send’ on that online form, you should be aware of your right on how your details are collected and processed as should the responsible parties who could suffer significant legal and financial repercussions should they contravene the provisions of the Protection of RAWSON AUCTIONS: PARKFAIR STUDENT DEVELOPMENT (CAPE TOWN The Parkfair development – to be sold as a completed turnkey project – will be going on auction at the end of April 2021. Located along Halt Road in Riverton, Goodwood in Cape Town, the development is a mix of retail (on the ground floor) and residential (four floors above). The upmarket project, located on an erf of 1 246m 2, is ideal for HOME OWNERS ASSOCIATIONS Home Owners Associations – what you need to know. 9 Jun 2017. by PropertyWheel_GLP. 4 min read. With security a factor that is influencing home-buying decisions in South Africa, many are choosing to purchase homes within boomed off areas or secure lifestyle estates, says Adrian Goslett, Regional Director and CEO of RE/MAX of SouthernAfrica.
FIDUCIARY DUTIES OF TRUSTEES IN SECTIONAL TITLE SCHEMES The duty of trust or fiduciary duty really means that the person responsible will exercise his powers in good faith and he will not act in his own interest or for another’s gain, but for the members (the owners of the sectional title units) he represents. Trustees must disclose any conflicts of interest. Section 40 (b) of the SectionalTitles
LANDMARK MIXED-USE TOWERS MAIN WINS AT SAPOA’S PROPERTY Towers Main, the landmark inner-Johannesburg mixed-use development, has taken home a duo of awards at SAPOA’s recent Property Development Awards for Innovative Excellence. BRAKPAN TO WELCOME NEW COUNTRY MALL DEVELOPMENT In partnership with Dalmar Construction, Retail Network Services’ new Country Mall development is situated in Dalpark, Brakpan. Set to open on the 23 rd of September 2021, Country Mall will boast some of the country’s high-end and most desirable retail chains including Tops Liquor and SuperSpar, Clicks, West Pack Lifestyle, Eateries like PIC ACQUIRES DELOITTE BUILDING FOR R1.7BN PIC acquires Deloitte building for R1.7bn. 7 May 2021. by PropertyWheel_G. 2 min read. The Deloitte building in Midrand, Gauteng. Photo credit: Atterbury. The Public Investment Corporation (PIC), on behalf of the Government Employees Pension Fund (GEPF), has concluded a purchase agreement to acquire 100% of the leasehold rightsbuilding on
THE IMPACT OF POPI ON SECTIONAL TITLE Specialist Sectional Title Attorney and BBM Law director Marina Constas. With the Protection of Personal Information Act (POPI Act) now in effect, it has significant implications for owners, tenants and executives in community housing schemes like sectional title complexes, apartment blocks, residential estates and retirementvillages.
EQUITES AND STANDARD BANK PARTNER ON LANDMARK Equites and Standard Bank partner on landmark sustainability-linked loan. Equites CEO, Andrea Taverna-Turisan,. Logistics focused Equites Property Fund Limited has closed a sustainability-linked loan with Standard Bank. The R1.6 billion sustainability-linked facility agreement comprises of two R800 million tranches. ONE THIBAULT: INVESTING IN CAPE TOWN’S SKYLINE WITH A 100% “In our experience, people want their own space and size is secondary,” says Steven. “Investors are also very price-sensitive, and they can afford their own space to a certain degree – as a property developer, you have to find this balance”. Jonathan Fell from Lew Geffen Sotheby’s International Atlantic Seaboard and City Bowl says One Thibault investors have an opportunity that has EVENTS – PROPERTY WHEEL Upcoming Property Events. SAPOA Online Education - Certificate for Commercial Property Practitioner (CCPP) (University of Pretoria) SAPOAOnline Education -
HOME OWNERS ASSOCIATIONS Home Owners Associations – what you need to know. 9 Jun 2017. by PropertyWheel_GLP. 4 min read. With security a factor that is influencing home-buying decisions in South Africa, many are choosing to purchase homes within boomed off areas or secure lifestyle estates, says Adrian Goslett, Regional Director and CEO of RE/MAX of SouthernAfrica.
BBM ATTORNEYS
Upcoming Property Events. SAPOA Online Education - Certificate for Commercial Property Practitioner (CCPP) (University of Pretoria) SAPOAOnline Education -
EVENTS – PAGE 4 – PROPERTY WHEEL Upcoming Property Events. SAPOA Online Education - Certificate for Commercial Property Practitioner (CCPP) (University of Pretoria) SAPOAOnline Education -
PROPERTY WHEEL
3 min read. Manufacturer and supplier of bricks, Brikor Limited, has substantially increased its profit after taxation to R12 million (2020: R1.5 million) and gross profit to R65 million (2020: R62.5 million). In the group’s financial results for the year ended 28th February 2021, it reported generatingONE THIBAULT
One Thibault – Cape Town’s reimagined icon. 19 May 2021. by PropertyWheel_G. 4 min read. Convenience, comfort, affordability and planet sensitivity are all vital aspects to consider when choosing where to live. Multi-use buildings are fast becoming the norm – offering residents any number of convenient amenities within their ownbuilding.
PIC ACQUIRES DELOITTE BUILDING FOR R1.7BN PIC acquires Deloitte building for R1.7bn. 7 May 2021. by PropertyWheel_G. 2 min read. The Deloitte building in Midrand, Gauteng. Photo credit: Atterbury. The Public Investment Corporation (PIC), on behalf of the Government Employees Pension Fund (GEPF), has concluded a purchase agreement to acquire 100% of the leasehold rightsbuilding on
LANGO, STANDARD BANK & RMB CONCLUDE LARGEST REAL ESTATE Lango Real Estate (formerly Growthpoint Investec African Properties Limited) has completed a full restructure of its underlying propertydebt in a
SAPOA & MSCI VIRTUAL CONFERENCE 2021: BE A PART OF THE No one could have predicted just how disruptive and broad-based the impact of Covid-19 was going to be. The ensuing crisis highlights how real estate is inextricably linked to other financial markets, the broader economy and society around it. ICONIC SAB WORLD OF BEER BUILDING GOING ON AUCTION The lease on the iconic former SAB World of Beer building in Newtown is up for grabs to the highest bidder.. Broll Auctions and Sales is hoping to attract an investor who will secure a 32-year lease for use of a 5215 square metre erf, zoned industrial, when the building goes on auction on the 27th of May at Johannesburg’s Inanda Club. MULTI-BILLION V&A WATERFRONT CANAL DISTRICT EXPANSION A R3.9 billion expansion concept of the V&A Waterfront’s Canal District has been signed off by the City of Cape Town’s Executive Mayor Dan Plato. This major infrastructure project will see a mixed-use development leading to the creation of approximately 1 100 jobs during the construction phase. This follows the recent approvalof the R16
FORTRESS ANNOUNCES ITS BIGGEST LOGISTICS DEVELOPMENT IN Fortress REIT has announced their biggest logistics development to date with Pick n Pay at their flagship premium-grade Eastport Logistics Park in Gauteng. RAWSON AUCTIONS: PARKFAIR STUDENT DEVELOPMENT (CAPE TOWN The Parkfair development – to be sold as a completed turnkey project – will be going on auction at the end of April 2021. Located along Halt Road in Riverton, Goodwood in Cape Town, the development is a mix of retail (on the ground floor) and residential (four floors above). The upmarket project, located on an erf of 1 246m 2, is ideal for STRATEGIC FACILITIES MANAGEMENT SYSTEM REQUIREMENTS [WITH 3 | P a g e To preview the SFMS, the core process starts with the Leadership (see 5.) approving policy, aligning facilities planning (see 6.) to strategic objectives and ensuring requisite support (see 7.) in the form of financial, human and technological resources is inplace.
PROPERTY WHEEL
3 min read. Manufacturer and supplier of bricks, Brikor Limited, has substantially increased its profit after taxation to R12 million (2020: R1.5 million) and gross profit to R65 million (2020: R62.5 million). In the group’s financial results for the year ended 28th February 2021, it reported generatingONE THIBAULT
One Thibault – Cape Town’s reimagined icon. 19 May 2021. by PropertyWheel_G. 4 min read. Convenience, comfort, affordability and planet sensitivity are all vital aspects to consider when choosing where to live. Multi-use buildings are fast becoming the norm – offering residents any number of convenient amenities within their ownbuilding.
PIC ACQUIRES DELOITTE BUILDING FOR R1.7BN PIC acquires Deloitte building for R1.7bn. 7 May 2021. by PropertyWheel_G. 2 min read. The Deloitte building in Midrand, Gauteng. Photo credit: Atterbury. The Public Investment Corporation (PIC), on behalf of the Government Employees Pension Fund (GEPF), has concluded a purchase agreement to acquire 100% of the leasehold rightsbuilding on
LANGO, STANDARD BANK & RMB CONCLUDE LARGEST REAL ESTATE Lango Real Estate (formerly Growthpoint Investec African Properties Limited) has completed a full restructure of its underlying propertydebt in a
SAPOA & MSCI VIRTUAL CONFERENCE 2021: BE A PART OF THE No one could have predicted just how disruptive and broad-based the impact of Covid-19 was going to be. The ensuing crisis highlights how real estate is inextricably linked to other financial markets, the broader economy and society around it. ICONIC SAB WORLD OF BEER BUILDING GOING ON AUCTION The lease on the iconic former SAB World of Beer building in Newtown is up for grabs to the highest bidder.. Broll Auctions and Sales is hoping to attract an investor who will secure a 32-year lease for use of a 5215 square metre erf, zoned industrial, when the building goes on auction on the 27th of May at Johannesburg’s Inanda Club. MULTI-BILLION V&A WATERFRONT CANAL DISTRICT EXPANSION A R3.9 billion expansion concept of the V&A Waterfront’s Canal District has been signed off by the City of Cape Town’s Executive Mayor Dan Plato. This major infrastructure project will see a mixed-use development leading to the creation of approximately 1 100 jobs during the construction phase. This follows the recent approvalof the R16
FORTRESS ANNOUNCES ITS BIGGEST LOGISTICS DEVELOPMENT IN Fortress REIT has announced their biggest logistics development to date with Pick n Pay at their flagship premium-grade Eastport Logistics Park in Gauteng. RAWSON AUCTIONS: PARKFAIR STUDENT DEVELOPMENT (CAPE TOWN The Parkfair development – to be sold as a completed turnkey project – will be going on auction at the end of April 2021. Located along Halt Road in Riverton, Goodwood in Cape Town, the development is a mix of retail (on the ground floor) and residential (four floors above). The upmarket project, located on an erf of 1 246m 2, is ideal for STRATEGIC FACILITIES MANAGEMENT SYSTEM REQUIREMENTS [WITH 3 | P a g e To preview the SFMS, the core process starts with the Leadership (see 5.) approving policy, aligning facilities planning (see 6.) to strategic objectives and ensuring requisite support (see 7.) in the form of financial, human and technological resources is inplace.
WHAT THE FUTURE HOLDS FOR COMMERCIAL PROPERTY POST-COVID A property before Covid-19 achieving a net annual income of R1 million, valued at a 10% yield was worth R10 million. The simple interest paid on this R10 million was R975 000 per year at prime. Post Covid-19 the same R10 million at prime would cost the investor R775 000 annually in simple interest, effectively increasing their net cashposition
MASSMART LAUNCHES ONE OF THE BIGGEST DCS IN THE WESTERN Massmart launches one of the biggest DCs in the Western Cape. The new Massmart Distribution Centre at Brackengate 2 in the Western Cape. Massmart’s brand new, cutting-edge centralised distribution centre in the Western Cape has been completed and it is one of the largest of its kind in Cape Town – just under 53 000m2 in size. LANDMARK MIXED-USE TOWERS MAIN WINS AT SAPOA’S PROPERTY Towers Main, the landmark inner-Johannesburg mixed-use development, has taken home a duo of awards at SAPOA’s recent Property Development Awards for Innovative Excellence. MULTI-BILLION V&A WATERFRONT CANAL DISTRICT EXPANSION A R3.9 billion expansion concept of the V&A Waterfront’s Canal District has been signed off by the City of Cape Town’s Executive Mayor Dan Plato. This major infrastructure project will see a mixed-use development leading to the creation of approximately 1 100 jobs during the construction phase. This follows the recent approvalof the R16
DULLSTROOM SHOWS SIGNS OF POST-2020 LOCKDOWN RECOVERY Oak Lane Estate was the first major estate development in Dullstroom between 2002 and 2004, followed by the Critchley Hackle Sectional Title development in 2005. TUHF LAUNCHES ITS SUSTAINABLE FRAMEWORK AND SOUTH AFRICAN Trust for Urban Housing Finance (TUHF), in partnership with Standard Bank, has launched its Sustainable Bond Framework and South Africanfirst social bonds.
HOW ETHEKWINI MUNICIPALITY GETS IT RIGHT IN LIAISING WITH The most recent annual conference of the Western Cape Property Development Forum (WCPDF) aimed to find ways for the private and public sector to work closer in partnerships, with the highlight being a model approach from the eThekwini Municipality which other municipalities should aspire to follow. ONE THIBAULT: INVESTING IN CAPE TOWN’S SKYLINE WITH A 100% “In our experience, people want their own space and size is secondary,” says Steven. “Investors are also very price-sensitive, and they can afford their own space to a certain degree – as a property developer, you have to find this balance”. Jonathan Fell from Lew Geffen Sotheby’s International Atlantic Seaboard and City Bowl says One Thibault investors have an opportunity that hasAREAS AND PLACES
Areas and Places Good property opportunities lie in the Northern Capesays Seeff
HOME OWNERS ASSOCIATIONS Home Owners Associations – what you need to know. 9 Jun 2017. by PropertyWheel_GLP. 4 min read. With security a factor that is influencing home-buying decisions in South Africa, many are choosing to purchase homes within boomed off areas or secure lifestyle estates, says Adrian Goslett, Regional Director and CEO of RE/MAX of SouthernAfrica.
PROPERTY WHEEL
2 min read. Rural and township retail specialists, Exemplar REITail, have declared a final dividend of 49.07 cents per share for the year ended 28th February 2021. One of the few REITs in the sector to be paying 100% of its distributions, Exemplar’s balance sheet boasts a gearing ratio of 38.5%, a corporateONE THIBAULT
One Thibault – Cape Town’s reimagined icon. 19 May 2021. by PropertyWheel_G. 4 min read. Convenience, comfort, affordability and planet sensitivity are all vital aspects to consider when choosing where to live. Multi-use buildings are fast becoming the norm – offering residents any number of convenient amenities within their ownbuilding.
ICONIC SAB WORLD OF BEER BUILDING GOING ON AUCTION The lease on the iconic former SAB World of Beer building in Newtown is up for grabs to the highest bidder.. Broll Auctions and Sales is hoping to attract an investor who will secure a 32-year lease for use of a 5215 square metre erf, zoned industrial, when the building goes on auction on the 27th of May at Johannesburg’s Inanda Club. PIC ACQUIRES DELOITTE BUILDING FOR R1.7BN PIC acquires Deloitte building for R1.7bn. 7 May 2021. by PropertyWheel_G. 2 min read. The Deloitte building in Midrand, Gauteng. Photo credit: Atterbury. The Public Investment Corporation (PIC), on behalf of the Government Employees Pension Fund (GEPF), has concluded a purchase agreement to acquire 100% of the leasehold rightsbuilding on
SAPOA & MSCI VIRTUAL CONFERENCE 2021: BE A PART OF THE No one could have predicted just how disruptive and broad-based the impact of Covid-19 was going to be. The ensuing crisis highlights how real estate is inextricably linked to other financial markets, the broader economy and society around it. LANGO, STANDARD BANK & RMB CONCLUDE LARGEST REAL ESTATE Lango Real Estate (formerly Growthpoint Investec African Properties Limited) has completed a full restructure of its underlying propertydebt in a
POPIA – THE RELATIONSHIP DYNAMIC BETWEEN ESTATE AGENTS Online buying has become the way to do and view things – from homes to clothing, food, and gym equipment. Before you press ‘send’ on that online form, you should be aware of your right on how your details are collected and processed as should the responsible parties who could suffer significant legal and financial repercussions should they contravene the provisions of the Protection of HOME OWNERS ASSOCIATIONS Home Owners Associations – what you need to know. 9 Jun 2017. by PropertyWheel_GLP. 4 min read. With security a factor that is influencing home-buying decisions in South Africa, many are choosing to purchase homes within boomed off areas or secure lifestyle estates, says Adrian Goslett, Regional Director and CEO of RE/MAX of SouthernAfrica.
FIDUCIARY DUTIES OF TRUSTEES IN SECTIONAL TITLE SCHEMES The duty of trust or fiduciary duty really means that the person responsible will exercise his powers in good faith and he will not act in his own interest or for another’s gain, but for the members (the owners of the sectional title units) he represents. Trustees must disclose any conflicts of interest. Section 40 (b) of the SectionalTitles
INSTITUTE OF ESTATE AGENTS' INDUCTION COURSE A GOOD PLACE Advice and Opinion • Study and Training Institute of Estate Agents' induction course a good place to start if considering a career inproperty
PROPERTY WHEEL
2 min read. Rural and township retail specialists, Exemplar REITail, have declared a final dividend of 49.07 cents per share for the year ended 28th February 2021. One of the few REITs in the sector to be paying 100% of its distributions, Exemplar’s balance sheet boasts a gearing ratio of 38.5%, a corporateONE THIBAULT
One Thibault – Cape Town’s reimagined icon. 19 May 2021. by PropertyWheel_G. 4 min read. Convenience, comfort, affordability and planet sensitivity are all vital aspects to consider when choosing where to live. Multi-use buildings are fast becoming the norm – offering residents any number of convenient amenities within their ownbuilding.
ICONIC SAB WORLD OF BEER BUILDING GOING ON AUCTION The lease on the iconic former SAB World of Beer building in Newtown is up for grabs to the highest bidder.. Broll Auctions and Sales is hoping to attract an investor who will secure a 32-year lease for use of a 5215 square metre erf, zoned industrial, when the building goes on auction on the 27th of May at Johannesburg’s Inanda Club. PIC ACQUIRES DELOITTE BUILDING FOR R1.7BN PIC acquires Deloitte building for R1.7bn. 7 May 2021. by PropertyWheel_G. 2 min read. The Deloitte building in Midrand, Gauteng. Photo credit: Atterbury. The Public Investment Corporation (PIC), on behalf of the Government Employees Pension Fund (GEPF), has concluded a purchase agreement to acquire 100% of the leasehold rightsbuilding on
SAPOA & MSCI VIRTUAL CONFERENCE 2021: BE A PART OF THE No one could have predicted just how disruptive and broad-based the impact of Covid-19 was going to be. The ensuing crisis highlights how real estate is inextricably linked to other financial markets, the broader economy and society around it. LANGO, STANDARD BANK & RMB CONCLUDE LARGEST REAL ESTATE Lango Real Estate (formerly Growthpoint Investec African Properties Limited) has completed a full restructure of its underlying propertydebt in a
POPIA – THE RELATIONSHIP DYNAMIC BETWEEN ESTATE AGENTS Online buying has become the way to do and view things – from homes to clothing, food, and gym equipment. Before you press ‘send’ on that online form, you should be aware of your right on how your details are collected and processed as should the responsible parties who could suffer significant legal and financial repercussions should they contravene the provisions of the Protection of HOME OWNERS ASSOCIATIONS Home Owners Associations – what you need to know. 9 Jun 2017. by PropertyWheel_GLP. 4 min read. With security a factor that is influencing home-buying decisions in South Africa, many are choosing to purchase homes within boomed off areas or secure lifestyle estates, says Adrian Goslett, Regional Director and CEO of RE/MAX of SouthernAfrica.
FIDUCIARY DUTIES OF TRUSTEES IN SECTIONAL TITLE SCHEMES The duty of trust or fiduciary duty really means that the person responsible will exercise his powers in good faith and he will not act in his own interest or for another’s gain, but for the members (the owners of the sectional title units) he represents. Trustees must disclose any conflicts of interest. Section 40 (b) of the SectionalTitles
INSTITUTE OF ESTATE AGENTS' INDUCTION COURSE A GOOD PLACE Advice and Opinion • Study and Training Institute of Estate Agents' induction course a good place to start if considering a career inproperty
RURAL AND TOWNSHIP RETAIL ASSETS OUTPERFORM VUKILE’S BULK Vukile Property Fund has declared a cash dividend of 101.04 cents per share in its financial yearend results for the period 1 st of April 2020 to 31 st of March 2021.. A low-risk retail REIT with assets of R33.6 billion, Vukile Property Fund is significantly diversified in South Africa (49%) and Spain (51%) through its 82.5% held Madrid listed subsidiary Castellana Property Socimi. JSE – REAL ESTATE SECTOR – PROPERTY WHEEL Real Estate Investment & Services. Acsion Ltd. (ACS) Attacq Limited (ATT) . Balwin Properties Pty Limited (BWN) . Brainworks Limited (BWZ) . Calgro M3 Holdings Limited (CGR) . Capital & Counties Properties Plc (CCO) . Castleview Property Fund Limited (CVW) . Fairvest Property Holdings Limited (FVT) . Freedom Property Fund Limited (FDP). Globe Trade Centre SA (GTC) DATA SHOWS URBANISATION DRIVES INCREASED HOUSEHOLDS IN TOP While some of South Africa’s top ten non-metros have experienced sluggish property price performances recently, others – most notably Middelburg in Mpumalanga – have grown. 4AX-LISTED HEARTWOOD PROPERTIES RECORDS NET ASSET GROWTH South Africa’s listed property sector is said to be showing signs of recovery. Despite having faced major challenges during 2020, 4AX (4 Africa Exchange) listed Heartwood Properties Limited has recorded a net asset growth per share of 25% for the year ended February 2021.TRAINING AND STUDY
Upcoming Property Events. SAPOA Online Education - Certificate for Commercial Property Practitioner (CCPP) (University of Pretoria) SAPOAOnline Education -
WHAT THE FUTURE HOLDS FOR COMMERCIAL PROPERTY POST-COVID A property before Covid-19 achieving a net annual income of R1 million, valued at a 10% yield was worth R10 million. The simple interest paid on this R10 million was R975 000 per year at prime. Post Covid-19 the same R10 million at prime would cost the investor R775 000 annually in simple interest, effectively increasing their net cashposition
A HEATED DEBATE: GENERATORS IN RESIDENTIAL COMPLEXES With load shedding continuing and temperatures plummeting, more and more South Africans have become dependent on generators. While generators are becoming a necessity in many South African households, their installation in complexes is the subject of heated debate according to sectional title property specialist, Marina Constas, a director of BBM Attorneys. GROWTHPOINT TAKES TOP HONOURS AT SAPOA’S DEVELOPMENT Growthpoint Properties took six honours, including overall winner, overall sustainability, heritage awards, and three category wins at the recent SAPOA (South African Property Owners Association) Property Development Awards for Innovative Excellence 2020. GBCSA & YIPA SIGN MOU TO BOOST SUSTAINABILITY AMONG YOUNG The Green Building Council of South Africa (GBCSA) and the Youth in Property Association (YIPA) have signed a Memorandum of Understanding (MOU), signaling greater collaboration between the two organisations which are playing a role in shaping the future of South Africa’sbuilt environment.
ONE THIBAULT: INVESTING IN CAPE TOWN’S SKYLINE WITH A 100% “In our experience, people want their own space and size is secondary,” says Steven. “Investors are also very price-sensitive, and they can afford their own space to a certain degree – as a property developer, you have to find this balance”. Jonathan Fell from Lew Geffen Sotheby’s International Atlantic Seaboard and City Bowl says One Thibault investors have an opportunity that hasPROPERTY WHEEL
2 min read. Rural and township retail specialists, Exemplar REITail, have declared a final dividend of 49.07 cents per share for the year ended 28th February 2021. One of the few REITs in the sector to be paying 100% of its distributions, Exemplar’s balance sheet boasts a gearing ratio of 38.5%, a corporate PIC ACQUIRES DELOITTE BUILDING FOR R1.7BN PIC acquires Deloitte building for R1.7bn. 7 May 2021. by PropertyWheel_G. 2 min read. The Deloitte building in Midrand, Gauteng. Photo credit: Atterbury. The Public Investment Corporation (PIC), on behalf of the Government Employees Pension Fund (GEPF), has concluded a purchase agreement to acquire 100% of the leasehold rightsbuilding on
SAPOA & MSCI VIRTUAL CONFERENCE 2021: BE A PART OF THE No one could have predicted just how disruptive and broad-based the impact of Covid-19 was going to be. The ensuing crisis highlights how real estate is inextricably linked to other financial markets, the broader economy and society around it. WHAT THE FUTURE HOLDS FOR COMMERCIAL PROPERTY POST-COVID A property before Covid-19 achieving a net annual income of R1 million, valued at a 10% yield was worth R10 million. The simple interest paid on this R10 million was R975 000 per year at prime. Post Covid-19 the same R10 million at prime would cost the investor R775 000 annually in simple interest, effectively increasing their net cashposition
POPIA – THE RELATIONSHIP DYNAMIC BETWEEN ESTATE AGENTS Online buying has become the way to do and view things – from homes to clothing, food, and gym equipment. Before you press ‘send’ on that online form, you should be aware of your right on how your details are collected and processed as should the responsible parties who could suffer significant legal and financial repercussions should they contravene the provisions of the Protection of RAWSON AUCTIONS: PARKFAIR STUDENT DEVELOPMENT (CAPE TOWN The Parkfair development – to be sold as a completed turnkey project – will be going on auction at the end of April 2021. Located along Halt Road in Riverton, Goodwood in Cape Town, the development is a mix of retail (on the ground floor) and residential (four floors above). The upmarket project, located on an erf of 1 246m 2, is ideal for FIDUCIARY DUTIES OF TRUSTEES IN SECTIONAL TITLE SCHEMES The duty of trust or fiduciary duty really means that the person responsible will exercise his powers in good faith and he will not act in his own interest or for another’s gain, but for the members (the owners of the sectional title units) he represents. Trustees must disclose any conflicts of interest. Section 40 (b) of the SectionalTitles
SECTIONAL TITLE SCHEMES MANAGEMENT ACT: SPECIAL LEVY 24 Oct 2016. by PropertyWheel_GLP. 3 min read. While provisions have been set in the Sectional Title Schemes Management Act (STSMA) (which became effective on the 7th October 2016) for a reserve fund to be established for future maintenance and repair work to common property in sectional title schemes, there might still be the need for special STRATEGIC FACILITIES MANAGEMENT SYSTEM REQUIREMENTS [WITH 3 | P a g e To preview the SFMS, the core process starts with the Leadership (see 5.) approving policy, aligning facilities planning (see 6.) to strategic objectives and ensuring requisite support (see 7.) in the form of financial, human and technological resources is inplace.
INSTITUTE OF ESTATE AGENTS' INDUCTION COURSE A GOOD PLACE Advice and Opinion • Study and Training Institute of Estate Agents' induction course a good place to start if considering a career inproperty
PROPERTY WHEEL
2 min read. Rural and township retail specialists, Exemplar REITail, have declared a final dividend of 49.07 cents per share for the year ended 28th February 2021. One of the few REITs in the sector to be paying 100% of its distributions, Exemplar’s balance sheet boasts a gearing ratio of 38.5%, a corporate PIC ACQUIRES DELOITTE BUILDING FOR R1.7BN PIC acquires Deloitte building for R1.7bn. 7 May 2021. by PropertyWheel_G. 2 min read. The Deloitte building in Midrand, Gauteng. Photo credit: Atterbury. The Public Investment Corporation (PIC), on behalf of the Government Employees Pension Fund (GEPF), has concluded a purchase agreement to acquire 100% of the leasehold rightsbuilding on
SAPOA & MSCI VIRTUAL CONFERENCE 2021: BE A PART OF THE No one could have predicted just how disruptive and broad-based the impact of Covid-19 was going to be. The ensuing crisis highlights how real estate is inextricably linked to other financial markets, the broader economy and society around it. WHAT THE FUTURE HOLDS FOR COMMERCIAL PROPERTY POST-COVID A property before Covid-19 achieving a net annual income of R1 million, valued at a 10% yield was worth R10 million. The simple interest paid on this R10 million was R975 000 per year at prime. Post Covid-19 the same R10 million at prime would cost the investor R775 000 annually in simple interest, effectively increasing their net cashposition
POPIA – THE RELATIONSHIP DYNAMIC BETWEEN ESTATE AGENTS Online buying has become the way to do and view things – from homes to clothing, food, and gym equipment. Before you press ‘send’ on that online form, you should be aware of your right on how your details are collected and processed as should the responsible parties who could suffer significant legal and financial repercussions should they contravene the provisions of the Protection of RAWSON AUCTIONS: PARKFAIR STUDENT DEVELOPMENT (CAPE TOWN The Parkfair development – to be sold as a completed turnkey project – will be going on auction at the end of April 2021. Located along Halt Road in Riverton, Goodwood in Cape Town, the development is a mix of retail (on the ground floor) and residential (four floors above). The upmarket project, located on an erf of 1 246m 2, is ideal for FIDUCIARY DUTIES OF TRUSTEES IN SECTIONAL TITLE SCHEMES The duty of trust or fiduciary duty really means that the person responsible will exercise his powers in good faith and he will not act in his own interest or for another’s gain, but for the members (the owners of the sectional title units) he represents. Trustees must disclose any conflicts of interest. Section 40 (b) of the SectionalTitles
SECTIONAL TITLE SCHEMES MANAGEMENT ACT: SPECIAL LEVY 24 Oct 2016. by PropertyWheel_GLP. 3 min read. While provisions have been set in the Sectional Title Schemes Management Act (STSMA) (which became effective on the 7th October 2016) for a reserve fund to be established for future maintenance and repair work to common property in sectional title schemes, there might still be the need for special STRATEGIC FACILITIES MANAGEMENT SYSTEM REQUIREMENTS [WITH 3 | P a g e To preview the SFMS, the core process starts with the Leadership (see 5.) approving policy, aligning facilities planning (see 6.) to strategic objectives and ensuring requisite support (see 7.) in the form of financial, human and technological resources is inplace.
INSTITUTE OF ESTATE AGENTS' INDUCTION COURSE A GOOD PLACE Advice and Opinion • Study and Training Institute of Estate Agents' induction course a good place to start if considering a career inproperty
DATA SHOWS URBANISATION DRIVES INCREASED HOUSEHOLDS IN TOP While some of South Africa’s top ten non-metros have experienced sluggish property price performances recently, others – most notably Middelburg in Mpumalanga – have grown. JSE – REAL ESTATE SECTOR – PROPERTY WHEEL Real Estate Investment & Services. Acsion Ltd. (ACS) Attacq Limited (ATT) . Balwin Properties Pty Limited (BWN) . Brainworks Limited (BWZ) . Calgro M3 Holdings Limited (CGR) . Capital & Counties Properties Plc (CCO) . Castleview Property Fund Limited (CVW) . Fairvest Property Holdings Limited (FVT) . Freedom Property Fund Limited (FDP). Globe Trade Centre SA (GTC) CAPE TOWN DETHRONED AS STRONGEST PROPERTY MARKET Cape Town dethroned as strongest property market. 9 Jul 2020. by PropertyWheel_G. 4 min read. A view of Cape Town CBD. The Western Cape’s undisputed position as the market leader has provided consistent double-digit growth for almost a decade but, the playing field has been levelling since 2017 with Lightstone’s June 2020house price index
A HEATED DEBATE: GENERATORS IN RESIDENTIAL COMPLEXES With load shedding continuing and temperatures plummeting, more and more South Africans have become dependent on generators. While generators are becoming a necessity in many South African households, their installation in complexes is the subject of heated debate according to sectional title property specialist, Marina Constas, a director of BBM Attorneys. EXCITING NEW PARTNERSHIP HELPS 1000S OF PROPERTY Inspection software company Property Inspect has partnered with training academy SAHITA, providing Property Assessment Practitioners with innovative technology.. Since the first customer signed up to access the unique software in July 2016, Property Inspect with Sales Director, David Hutchison at the helm, has strived to deliver amazingly simple and usable software for property report LANGO, STANDARD BANK & RMB CONCLUDE LARGEST REAL ESTATE Lango Real Estate (formerly Growthpoint Investec African Properties Limited) has completed a full restructure of its underlying propertydebt in a
ONE THIBAULT: INVESTING IN CAPE TOWN’S SKYLINE WITH A 100% “In our experience, people want their own space and size is secondary,” says Steven. “Investors are also very price-sensitive, and they can afford their own space to a certain degree – as a property developer, you have to find this balance”. Jonathan Fell from Lew Geffen Sotheby’s International Atlantic Seaboard and City Bowl says One Thibault investors have an opportunity that has GROWTHPOINT TAKES TOP HONOURS AT SAPOA’S DEVELOPMENT Growthpoint Properties took six honours, including overall winner, overall sustainability, heritage awards, and three category wins at the recent SAPOA (South African Property Owners Association) Property Development Awards for Innovative Excellence 2020. ATTERBURY’S RICHMOND PARK TO WELCOME NEW TAKEALOT Atterbury has announced it will be developing a new distribution facility and Pickup Point for Takealot, South Africa’s largest online retailer, in Richmond Park, Cape Town. TAKEALOT – PROPERTY WHEEL Upcoming Property Events. SAPOA Online Education - Certificate for Commercial Property Practitioner (CCPP) (University of Pretoria) SAPOAOnline Education -
PROPERTY WHEEL
The critical shortage of student accommodation spans across South Africa. The International Finance Corporation (IFC) estimates that there were 2.55 million students enrolled across all universities and vocational training schools in 2020 with an estimated supply-demandgap of 511 600 beds
ONE THIBAULT
Situated in the heart of the Cape Town’s CBD on Thibault Square, this internationally awarded building, historically only a commercial building, has just released a range of designer luxury studio, one-and two-bedroom units for sale. PIC ACQUIRES DELOITTE BUILDING FOR R1.7BN The Public Investment Corporation (PIC), on behalf of the Government Employees Pension Fund (GEPF), has concluded a purchase agreement to acquire 100% of the leasehold rights building on prime location in Waterfall, Midrand for R1.7 billion. SAPOA & MSCI VIRTUAL CONFERENCE 2021: BE A PART OF THE No one could have predicted just how disruptive and broad-based the impact of Covid-19 was going to be. The ensuing crisis highlights how real estate is inextricably linked to other financial markets, the broader economy and society around it. WHAT THE FUTURE HOLDS FOR COMMERCIAL PROPERTY POST-COVID As the globe grapples with the humanitarian crisis around the pandemic, with a ripple effect across all sectors of the economy, much is being said about the effects of Covid-19 on the commercial property market in South Africa including pressing landlord and tenant issues. POPIA – THE RELATIONSHIP DYNAMIC BETWEEN ESTATE AGENTS Online buying has become the way to do and view things – from homes to clothing, food, and gym equipment. Before you press ‘send’ on that online form, you should be aware of your right on how your details are collected and processed as should the responsible parties who could suffer significant legal and financial repercussions should they contravene the provisions of the Protection of RAWSON AUCTIONS: PARKFAIR STUDENT DEVELOPMENT (CAPE TOWN Date/Time Date(s) - 28 Apr '21 12:00 pm - 1:00 pm. Categories. Auction; The Parkfair development – to be sold as a completed turnkey project – will be going on auction at the end of April 2021. FIDUCIARY DUTIES OF TRUSTEES IN SECTIONAL TITLE SCHEMES “While many tasks in sectional title schemes can be delegated to a managing agent, fiduciary duty remains with the trustees”, says Willem le Roux, director of the sectional title finance company Propell. The duty of trust or fiduciary duty really means that the person responsible will exercise his powers in good faith and he will not act in his own interest or for another’s gain, but for STRATEGIC FACILITIES MANAGEMENT SYSTEM REQUIREMENTS [WITH 3 | P a g e To preview the SFMS, the core process starts with the Leadership (see 5.) approving policy, aligning facilities planning (see 6.) to strategic objectives and ensuring requisite support (see 7.) in the form of financial, human and technological resources is inplace.
INSTITUTE OF ESTATE AGENTS' INDUCTION COURSE A GOOD PLACE Advice and Opinion • Study and Training Institute of Estate Agents' induction course a good place to start if considering a career inproperty
PROPERTY WHEEL
The critical shortage of student accommodation spans across South Africa. The International Finance Corporation (IFC) estimates that there were 2.55 million students enrolled across all universities and vocational training schools in 2020 with an estimated supply-demandgap of 511 600 beds
ONE THIBAULT
Situated in the heart of the Cape Town’s CBD on Thibault Square, this internationally awarded building, historically only a commercial building, has just released a range of designer luxury studio, one-and two-bedroom units for sale. PIC ACQUIRES DELOITTE BUILDING FOR R1.7BN The Public Investment Corporation (PIC), on behalf of the Government Employees Pension Fund (GEPF), has concluded a purchase agreement to acquire 100% of the leasehold rights building on prime location in Waterfall, Midrand for R1.7 billion. SAPOA & MSCI VIRTUAL CONFERENCE 2021: BE A PART OF THE No one could have predicted just how disruptive and broad-based the impact of Covid-19 was going to be. The ensuing crisis highlights how real estate is inextricably linked to other financial markets, the broader economy and society around it. WHAT THE FUTURE HOLDS FOR COMMERCIAL PROPERTY POST-COVID As the globe grapples with the humanitarian crisis around the pandemic, with a ripple effect across all sectors of the economy, much is being said about the effects of Covid-19 on the commercial property market in South Africa including pressing landlord and tenant issues. POPIA – THE RELATIONSHIP DYNAMIC BETWEEN ESTATE AGENTS Online buying has become the way to do and view things – from homes to clothing, food, and gym equipment. Before you press ‘send’ on that online form, you should be aware of your right on how your details are collected and processed as should the responsible parties who could suffer significant legal and financial repercussions should they contravene the provisions of the Protection of RAWSON AUCTIONS: PARKFAIR STUDENT DEVELOPMENT (CAPE TOWN Date/Time Date(s) - 28 Apr '21 12:00 pm - 1:00 pm. Categories. Auction; The Parkfair development – to be sold as a completed turnkey project – will be going on auction at the end of April 2021. FIDUCIARY DUTIES OF TRUSTEES IN SECTIONAL TITLE SCHEMES “While many tasks in sectional title schemes can be delegated to a managing agent, fiduciary duty remains with the trustees”, says Willem le Roux, director of the sectional title finance company Propell. The duty of trust or fiduciary duty really means that the person responsible will exercise his powers in good faith and he will not act in his own interest or for another’s gain, but for STRATEGIC FACILITIES MANAGEMENT SYSTEM REQUIREMENTS [WITH 3 | P a g e To preview the SFMS, the core process starts with the Leadership (see 5.) approving policy, aligning facilities planning (see 6.) to strategic objectives and ensuring requisite support (see 7.) in the form of financial, human and technological resources is inplace.
INSTITUTE OF ESTATE AGENTS' INDUCTION COURSE A GOOD PLACE Advice and Opinion • Study and Training Institute of Estate Agents' induction course a good place to start if considering a career inproperty
DATA SHOWS URBANISATION DRIVES INCREASED HOUSEHOLDS IN TOP While some of South Africa’s top ten non-metros have experienced sluggish property price performances recently, others – most notably Middelburg in Mpumalanga – have grown. A HEATED DEBATE: GENERATORS IN RESIDENTIAL COMPLEXES With load shedding continuing and temperatures plummeting, more and more South Africans have become dependent on generators. While generators are becoming a necessity in many South African households, their installation in complexes is the subject of heated debate according to sectional title property specialist, Marina Constas, a director of BBM Attorneys. CAPE TOWN DETHRONED AS STRONGEST PROPERTY MARKET Cape Town dethroned as strongest property market. 9 Jul 2020. by PropertyWheel_G. 4 min read. A view of Cape Town CBD. The Western Cape’s undisputed position as the market leader has provided consistent double-digit growth for almost a decade but, the playing field has been levelling since 2017 with Lightstone’s June 2020house price index
JSE – REAL ESTATE SECTOR – PROPERTY WHEEL Real Estate Investment & Services. Acsion Ltd. (ACS) Attacq Limited (ATT) . Balwin Properties Pty Limited (BWN) . Brainworks Limited (BWZ) . Calgro M3 Holdings Limited (CGR) . Capital & Counties Properties Plc (CCO) . Castleview Property Fund Limited (CVW) . Fairvest Property Holdings Limited (FVT) . Freedom Property Fund Limited (FDP). Globe Trade Centre SA (GTC) EXCITING NEW PARTNERSHIP HELPS 1000S OF PROPERTY Inspection software company Property Inspect has partnered with training academy SAHITA, providing Property Assessment Practitioners with innovative technology.. Since the first customer signed up to access the unique software in July 2016, Property Inspect with Sales Director, David Hutchison at the helm, has strived to deliver amazingly simple and usable software for property report 2020 RESIDENTIAL ESTATE SALES IN THE WESTERN CAPE While Gauteng continues to account for the largest share of national residential estate sales (2020: 35.3%), over the past decade the Western Cape has been steadily gaining ground – noticeably so during the recent 2020 surge in estate sales (2020: 40.6%), to the extent that regarding estate sales during the month of December 2020, the Western Cape overtook Gauteng province, says Dr Golding. GROWTHPOINT TAKES TOP HONOURS AT SAPOA’S DEVELOPMENT Growthpoint Properties took six honours, including overall winner, overall sustainability, heritage awards, and three category wins at the recent SAPOA (South African Property Owners Association) Property Development Awards for Innovative Excellence 2020. ATTERBURY’S RICHMOND PARK TO WELCOME NEW TAKEALOT Atterbury has announced it will be developing a new distribution facility and Pickup Point for Takealot, South Africa’s largest online retailer, in Richmond Park, Cape Town. TAKEALOT – PROPERTY WHEEL Upcoming Property Events. SAPOA Online Education - Certificate for Commercial Property Practitioner (CCPP) (University of Pretoria) SAPOAOnline Education -
GENERATOR – PROPERTY WHEEL Upcoming Property Events. SAPOA Online Education - Certificate for Commercial Property Practitioner (CCPP) (University of Pretoria) SAPOAOnline Education -
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STENPROP UPDATE: COVID-19 AND THE IMPACT ON BUSINESS3 min read
Stenprop is today providing an update on the impact of COVID-19 on its business and the measures it is taking to manage the risks presented by the virus. Key points: The focus is on managing cash resources very carefully and maintaining liquidity in the business. The Company currently has £60...News
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STENPROP UPDATE: COVID-19 AND THE IMPACT ON BUSINESS3 min read
Stenprop is today providing an update on the impact of COVID-19 on its business and the measures it is taking to manage the risks presented by the virus. Key points: The focus is on managing cash resources very carefully and maintaining liquidity in the business. The Company currently has £60...News
COMMENTARY: SOUTH AFRICA’S LOCK DOWN AND THE POSSIBLE EFFECTS ONREAL ESTATE
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Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett: “I commend the president for taking such a proactive measures against this pandemic. After speaking to Dario Castiglia, Regional Owner for RE/MAX Italy, I was convinced and firmly believe that a full lockdown is the answer to... Advice and Opinion •News
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During the national lock down, Property Wheel caught up with a few industry heavyweights on their thoughts on where the property industry is heading, where it may land up and, their key advice to property professionals: Gerhard Kotze, MD of RealNet Properties advising our readers to “Hang in there...News
STENPROP UPDATE: COVID-19 AND THE IMPACT ON BUSINESS3 min read
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ADVICE AND OPINION
Advice and Opinion •News
WATCH: COVID-19 AND THE PROPERTY INDUSTRY – ADVICE FROM PROPERTY’SPROS
1 min read
During the national lock down, Property Wheel caught up with a few industry heavyweights on their thoughts on where the property industry is heading, where it may land up and, their key advice to property professionals: Gerhard Kotze, MD of RealNet Properties advising our readers to “Hang in there...AREAS AND PLACES
Areas and Places
V&A WATERFRONT USES ECOBRICKS IN RIDGE BUILDING DEVELOPMENT2 min read
A new project broke ground at the Portswood District of the V&A Waterfront last year. The project upcycles a significant stream of plastic waste using sustainable methods. The project in question is the Ridge Building, a bespoke eco-building currently under construction. It will serve as the...EVENTS CALENDAR
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