Latest Issue
In this edition we are lucky enough to hear from a group of companies in property development, each of which is an expert in a different part of this bustling and exciting market. Echoing sentiment that we have heard so much recently, these companies come with a common message: property development, like other industries, is not easy. But when you look past the challenges and start to see the opportunities, things become a little more interesting.
Africrest Properties is taking old and unloved office parks and converting them to rental accommodation complete with swimming pools, gyms, business centres, gardens, and much more. At the same time, the company is making life simple and affordable for tenants – what’s not to like? Director Grant Freidman explains more about ongoing success.
In Cape Town, the Western Cape experts, Spear REIT, has completed its major acquisition and is now boasting a portfolio of 39 properties across retail, commercial, and industrial. CEO Quintin Rossi tells us that the market is looking good, with interest rates (hopefully) coming down, and companies looking to improve their office space as the work from home trend becomes less widespread and the need for well-connected space increases.
The major Sibaya Precinct project on the KZN coast, north of Durban is being developed by Devmco and Commercial Director Brad Winstanley tells Enterprise Africa that connecting up a number of existing developments will bring major impact to the region. Eventually, the site will be home to residential, retail, and commercial space in the perfect subtropical environment, a stone’s throw from the beach.
Similarly, Abland is showing ambition beyond itself and is breaking ground on multiple projects as it develops for a range of clients across retail, commercial, automotive and more. One of its flagship projects, the Rubik, is almost sold out, highlighting the demand in the industry for high-quality property.
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