Features | Commercial and Industrial Property

https://staging1.creamermedia.com

Commerical and Industrial Property

Valuer numbers need boosting to avoid possible crisis

By: Bridget Lepere 4th August 2023 South Africa has fewer than 1 500 registered professionals in residential and commercial property valuation, and fewer than 650 valuer candidates; this demonstrates that property valuation is an untapped career path, says real estate property custodian South African Institute of Valuers (SAIV)... →

Market hindered by interest rates, economic stagnation

By: Bridget Lepere 4th August 2023 The commercial property market experienced a 5.6% decline in sales activity in the first quarter of 2023, compared with the same quarter in 2022, owing to numerous factors, including rising interest rates and the oversupply of office space, says property valuations custodian South African... →

REDEFINING VALUE The industry is battling major challenges with the construction which is costing the economy billions of rands

Vodacom Century City fire highlights fire safety for PV systems

4th August 2023 The fire at the Vodacom building at Century City in Cape Town last month is suspected of having been caused by an issue with the rooftop solar photovoltaic (PV) installation, notes ASP Fire CEO Michael van Niekerk, observing that such systems for homes and businesses are increasingly popular as a... →

An image of ASP Fire CEO Michael van Niekerk

MICHAEL VAN NIEKERK There are several fire safety measures that should be taken into account to prevent the risk of fires when installing a solar power system

Technology trends in commercial, industrial property

4th August 2023 Innovative technology solutions are changing the landscape in which commercial and industrial property is managed. This is particularly valuable in facility and maintenance management, says technology company Smartee CEO Nivashnee Ramparsad. She explains that Internet of Things (IoT) innovation... →

THE SMART CHOICE With sustainability at the forefront of most companies’ strategies, IoT devices can also track water and energy consumption for planned or unplanned maintenance issues

Firm invests in ‘greener’ solutions for sustainable future

By: Bridget Lepere 4th August 2023 JSE-registered real estate investment trust (REIT) Liberty Two Degrees (L2D) is beefing up its electricity generation supply to meet its environment, social and governance (ESG) targets. L2D development executive Melinda Isaacs says the company – which specialises in rental property in the... →

Image of L2D development executive Melinda Isaacs

MELINDA ISAACS The property space is an ever-evolving industry, with revolving opportunities forcing owners to adapt, rethink the possibilities and create new opportunities as the South African retail industry undergoes significant transformation

Industrial property faces expansion hurdles

By: Nadine Ramdass 5th August 2022 The local property sector was subjected to a forced slowdown, owing to the Covid-19 pandemic, consequently resulting in tension within the industrial property space as industrial tenants that needed to execute growth plans were waiting to evaluate what the real effects of Covid would be on their... →

DEMAND VS SUPPLY Increased demand for property spaces post-covid has led to diminishing zoned land availabilty

Strip malls preferred post pandemic

By: Nadine Ramdass 5th August 2022 While the South African retail sector is showing signs of recovery, factors such as fuel costs, inflation and a change in consumer habits throughout the pandemic have led to consumers’ frequenting strip malls more often than larger malls. “We are seeing a host of new retail developments coming to... →

An image of a store window with a clothes on displa

Photo by Timothy Paule
INVITING INCENTIVES Landlords should draw shoppers through emphasising the experience and convenience of malls such as instantly trying on clothes

Concrete parking lots offer numerous benefits

By: Nadine Ramdass 5th August 2022 While the initial construction cost of concrete parking is slightly higher, compared to asphalt parking, the maintenance costs of the former, for commercial and industrial properties, are minimal, says consolidated industrial body Cement & Concrete SA CEO Bryan Perrie. He adds that concrete... →

An image of Cement & Concrete SA CEO Bryan Perrie

BRYAN PERRIE Concrete parking surfaces also offer vaious efficiency and environmental advantages

Sector pursues recovery amid various challenges

By: Nadine Ramdass 5th August 2022 While logistics real estate continues to do well and the office market is slowly improving, the operating environment for real estate owners and occupiers remains constrained. This is further compounded by the upward interest rate cycle that South Africa faces, says commercial real estate agency... →

STACKING CHALLENGES Local sector is dealing with an unprecedented array of economic challenges

Vacant office spaces halt development

By: Nadine Ramdass 5th August 2022 The office market continues to struggle, with an oversupply of space, especially in premium nodes, resulting in office development being “at a standstill” as developers diversify into the residential market with large-scale office conversions. Poor office demand was exacerbated by the repeated... →

DATA CENTRE Load-shedding affects the way commercial and industrial properties are being developed

Industrial properties remain resilient

By: Nadine Ramdass 30th July 2021 The industrial real estate sector has shown resilience during a period that has proven to be most volatile for the office property and retail sectors, says JSE-listed real estate investment trust Redefine Properties national asset manager for industrial Johann Nell. The resilience is a result of... →

MASSMART Redefine’s new development houses Massmart

Covid exacerbates retail sector challenges

By: Nadine Ramdass 30th July 2021 Amid the negative impact of Covid-19 on the retail property sector, real estate investment trust company Liberty Two Degrees (L2D) FD José Snyders says rental relief enables retail businesses to navigate the effects of the pandemic while ensuring that retail spaces remain appealing to the public.... →

A photo of Liberty Two Degrees FD José Synders

JOSÉ SNYDERS Covid-19 has accelerated changes in the retail sector

Pandemic can spur innovation in property sector

By: Nadine Ramdass 30th July 2021 Although the pandemic has made it difficult for commercial and industrial property stakeholders to plan effectively for the future, this has led to great innovations, new approaches and renewed opportunities, says engineering services consulting firm WSP Africa regional director Johan Piekaar.... →

Highveld Industrial Park

By: Creamer Media Reporter 30th July 2021 Specialising in providing solutions for all industrial space requirements, Highveld Industrial Park (HIP) offers the ideal location for local, regional and national businesses that require manufacturing, metallurgical, warehousing and office facilities. HIP, situated close to eMalahleni in... →

Commercial property industry set to improve

By: Nadine Ramdass 30th July 2021 The commercial property sector is set to improve once Covid-19 restrictions are eased and the South African economy has navigated its way through the harshest of the pandemic’s impact, says commercial real estate agency Black Pepper Properties director Simon Black. The office market has been... →

MASSMART PROGRESS Covid-19 has enhanced is the use of space

Retail opportunities abound in peri-urban areas

By: Nadine Ramdass 30th July 2021 Peri-urban areas have immense opportunities for investment in commercial properties, such as shopping complexes and warehouses for retailers, says 100% black-owned property development, management and investments company Akani Properties MD Zamani Letjane. “We saw opportunities in the property... →

An image of an aerial view of the Autumn Leaf Mall

AERIAL VIEW OF AUTUMN LEAF MALL Akani Properties complements peri-urban areas’ retail property sector

Advocacy for women to ramp up going forward

By: Darren Parker 31st July 2020 Following the negative impact of Covid-19 on the commercial and industrial property sector, industry body Women’s Property Network (WPN) aims to ramp up its advocacy work going forward to further promote and support the interests of women working in the sector. WPN national chairperson Nonhlanhla... →

WOMEN WORKING TOGETHER The WPN team is going to ramping up its advocacy work to support women in the commercial and industrial property sector

Difficult times ahead for property sector

By: Darren Parker 31st July 2020 Following the significant challenges because of the Covid-19 outbreak, the outlook for the South African commercial and industrial property sector for next year remains somewhat bleak, says South African Property Owners Association (Sapoa) CEO Neil Gopal. Since the start of the national lockdown... →

NEIL GOPAL There needs to be urgent intervention at local municipal level

Economic recovery interventions present hope

By: Darren Parker 31st July 2020 South African Institute of Black Property Practitioners (SAIBPP) CEO Vuyiswa Mutshekwane says it is encouraging to already see a number of the proposals being put into practice from the SAIBPP’s 10-point plan to catalyse economic development and drive the post-lockdown economic recovery. The... →

VUYISWA MUTSHEKWANE It is not business as usual and things are unlikely to return to normal anytime soon

Inspection ensures buildings comply with fire regulations

By: Khutso Maphatsoe 2nd August 2019 Hospitality and retail buildings are deemed demanding in terms of fire protection and fire systems, but fire risk management and support company ASP Fire CEO Michael van Niekerk says an inspection process needs to be done to ensure that buildings comply with the National Buildings Regulations... →

MICHAEL VAN NIEKERK Architects request an estimation of the cost of fire systems to identify the cost factors

Property group achieves triple win at awards

2nd August 2019 Well-known South African property brand real estate agents Rawson Property Group has received three Global Brands Awards. The group’s wins include Best Real Estate Marketing Brand, Most Innovative Real Estate Brand and the highly coveted all-rounder, Best Real Estate Brand. →

Value for money in sectional title properties

3rd August 2018 Despite challenging economic conditions, there are still opportunities for buyers and investors to purchase property in a desirable address at affordable prices, says leading estate agency Pam Golding. The company says savvy buyers with access to finance are buying up sectional title properties... →

ON THE MARKET This renovated two bedroom, two bathroom ground unit apartment in Morningside is on the market for R1.575 million through Pam Golding Properties

Internet connectivity increases property value

By: Melissa Zisengwe 3rd August 2018 Bundling WiFi connectivity is a commercial and industrial property value-proposition, which attracts potential buyers and boosts property value, says wireless networking company Ruckus Networks. “South African property developers are proving to be enthusiastic WiFi adopters because the... →

RIAAN GRAHAM says all property owners and tenants now expect functional and reliable Internet connection

Unique design solution for 92 Rivonia Road project

By: Melissa Zisengwe 3rd August 2018 Formwork and scaffolding manufacturer PERI South Africa was able to supply a unique design solution for the challenging 92 Rivonia Road mixed-use development. This allowed main contractor WBHO to come to grips with the striking ‘feature brows’ at the project, lead engineer: key and strategic... →

A UNIQUE CHALLENGE The project was a major challenge from a structural and architectural point of view

Variance rates measured in eight metropolitan municipalities

4th August 2017 The South African Property Owners Association (Sapoa) has compared the level of rates and taxes levied in each of the eight metropolitan municipalities of the country which reveals some variance in the cents in the rand rate across the main property types. →

Photo by Duane Daws
CITY OF JOHANNESBURG The city is the largest in the country in terms of revenue

Interest in property increases developer offerings

By: Victor Moolman 4th August 2017 An increase in land-controlling developers that are willing to sell turnkey solutions has been observed by residential and commercial property consultant Knight Frank. →

Sandton building wins Sapoa award

By: Victor Moolman 4th August 2017 The Sasol Place building in Sandton, designed by professional management service group Paragon Group's subsidiary Paragon Architects, won the office developments corporate and the overall winner awards from the South African Property Owners Association (Sapoa) in 2017. →

SANDTON PLACE The building has been awarded a 5-Star Green Star rating

SBS Tanks

By: Zandile Mavuso 4th August 2017 As a proudly ISO 9001:2008 accredited company, tank manufacturer SBS Tanks is truly an industry leader in liquid storage not only in sub-Saharan Africa, but in the rest of the continent as well. →

Partnership to provide solar energy for properties globally

By: Victor Moolman 4th August 2017 Solar solutions provider SOLA Future Energy and South African property development company Atterbury Property Developments have partnered to provide solar energy and electrical storage solutions to the Atterbury portfolio of properties to a projected cost of up to R210-million. →

SOLAR POWER SOLA Future Energy will be retrofitting older buildings as well as new buildings with solar power

New development zone in Cape Town

4th August 2017 Property development company AMDEC Property Development has developed a nautically-inspired commercial and residential space in the Roggebaai Canal Tourism Precinct, in Cape Town, called the Yacht Club. →

DEEP FOUNDATION Because the site is located in a high water level area the foundations had to be sunk deep

Phase 2 of South Africa’s largest mixed-use parkland to commence

9th December 2016 Construction company Renico Earthworks & Civils will commence the R280-million contract for the construction of internal services in Phase 2 of the Steyn City Parkland Residence project, in Johannesburg, before the end of this year. →

MIXED LAND USE Steyn City will include a lifestyle resort, a city centre, a commercial park, retail outlets, a retirement village, a medical centre and private residences on its 810 ha of land

Consolidation provides opportunity for development

By: Robyn Wilkinson 9th December 2016 With low growth in the South African economy, there is a trend in both the commercial office and industrial property sectors towards consolidation and the relocation of existing operations to well-connected locations, says consulting engineering firm Arup. →

DIGITAL DESIGNS The design of Pricewaterhouse Coopers’ new headquarters showcases the benefits of using digital software such as parametric modelling

Property developers shift focus to manage economic risk

By: Robyn Wilkinson 9th December 2016 There has been a slowdown in the development of commercial properties as developers shift their focus to residential, healthcare and industrial projects to best manage risks in South Africa’s economic climate, says business management consultant WSP | Parsons Brinckerhoff Africa regional director... →

WILLIAM JOHNSTON Best practice designs that incorporate a holistic and sustainable approach to property development is becoming entrenched among South Africa developers

Editorial Insight

Green stimulus

more

Business Leader

Mark Wilson

more

Cartoon

THE OTHER POLL

more

Photo of the week

COPPER LEVERAGE

more

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Newsletters

Sign up for our FREE daily email newsletter

Receive daily sector news alerts

More

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Subscribe