Century City outperforms office market
The latest SAPOA office vacancy survey shows that while vacancies in six out of the seven Cape Town offices nodes rose in the fourth quarter of 2011, Century City bucked the trend with vacancy levels falling to 8,5% from a high of 12,9 percent in August 2009. The Cape Town office vacancy factor overall rose […]
Century City residential : High demand for rental units sees return of investors
Demand for residential units to let at Century City has continued to soar with buy-to-let investors returning to the market on the back of shortage of rental stock. Two of the main letting agents, Property World and Property Café, ascribe the popularity of the precinct to the growing commercial component at Century City with over […]
Century City offices : New sectional title offices for Century City
A new block of prime sectional title offices is to be built at Century City at a cost of R37 million to meet pent-up demand for small to medium size offices in the precinct. The 2200 square metre building, to be known as The Courtyard, will comprise 18 units ranging in size from 63 square […]
Koeberg Interchange upgrade boosts Century City
The nearing completion of the Koeberg Interchange represents the last leg in unlocking Century City’s accessibility to the entire Peninsula and has been greeted by increased inquiries from corporates looking to relocate to the precinct, says John Chapman, a director of Rabie Property Group. He said the opening of Ramp B, which connects the M5 […]
Century City residential : Tamarin closes 14 residential sales in July!
Property sales at Century City have continued to pick up with 22 residential properties being sold by Property World, the official on site agency, in July alone. Of these, 12 were development sales and 10 resales. This brings to 88 the number of sales confirmed by Property World since the start of the year which […]
Century City offices : “Green Buildings” will soon be the norm
The new buzzword in the commercial property market is “Green Buildings” – that is new buildings or redeveloped older buildings which have little or no negative impact on the environment. The question is: Is this a fad or is it real and commercially viable? Colin Anderson, a director of Rabie Property Group, says if one […]
Century City offices : Baroque Medical acquires Century City offices
Baroque Medical, suppliers of medical equipment and pharmaceutical products, has acquired a new standalone 360 square metre office building currently under construction at Century City. The building will serve as the new Cape Town offices for the Johannesburg-based company which has outgrown its current premises in the Cape Town CBD. The purchase price of the […]
Century City offices : Where are we in the property cycle?
Giles Balmer of Rabie Property Group shares with us his amateur’s guide to the commercial property cycle. Is the property market currently in a state of flux? Are we still in a recession? Are the banks still professing a recovery (yet their vaults are seemingly still bolted shut)? And are we still heading into double […]
Gatehouse at Century City proves to be runaway success
The Gatehouse, a 3000 square metre, triple-A grade sectional title office block on a gateway site at Century City, has proven to be a runaway success.
Sedica Knight of developers Rabie Property Group said 21 of the 23 sectional title offices in the three-storey office building had been sold while the two units retained by the developer had been let.
“Three of the units were sold to owner occupiers and the other 18 to investors who have been capitalizing on the current low interest rates.
Rabie Property Administrators’ portfolio grows to R3,5 billion
Rabie Property Administrators (RPA) has secured two new management contracts boosting the value of its portfolio under administration to more than R3,5 billion. The contracts include the Old Biscuit Mill in Albert Street, Salt River as well as Indigo Properties’ Cape Town CBD portfolio of eight buildings. In addition RPA has been awarded the management […]