Century City : R11billion in new development in the pipeline for Century City
New development totalling R11billion is in the pipeline for Century City where total investment to date has topped R16billion. The 250 ha Century City mixed use development was launched in 1997 with the remaining undeveloped land and associated rights being acquired by the Rabie Property Group in June 2004. Since then the development has grown […]
Lack of zoned land will hinder an upturn
Zoned land with development rights is becoming increasingly scarce and the rezoning process increasingly more complex and time consuming which will make it difficult for developers to respond quickly to an upturn in the market, warns Colin Green, a director of Rabie Property Group.
Residential property, Cape Town : 50% of Little Moorings apartments snapped up
Nearly 50% of the 39 apartments in Little Moorings, Rabie Property Group’s latest residential development under construction at Century City, have been sold. Rabie director John Chapman said they had taken advantage of the recessionary conditions in the industry to renegotiate building contractors and this had effected significant savings which had been passed on to […]
Two Rabie projects shortlisted for SAPOA Award
Two residential projects by the Rabie Property Group – Waterstone at Century City and Citadel Constantiaberg in the southern suburbs – have been shortlisted for a 2010 SAPOA Award for Innovative Excellence in Property Development. The R400m Waterstone development comprises three components which are all accessed off Waterstone Square, a formal palm-lined bricked piazza with […]
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.
New Century City land release offers rare opportunity for owner occupiers
A rare opportunity for small developers and owner occupiers looking to develop or build their own offices at Century City is to be brought to the market shortly by the Rabie Property Group. Park Lane, a new 11 000 square metre office park, will offer purchasers a total of 16 serviced erven in a park-like […]
Now’s the time to develop your own office building
The time may never be better than the present for tenants or owner occupiers to develop new commercial premises, says Colin Anderson, a director of Rabie Property Group. Anderson says banks are starting to relax their lending criteria and interest rates are at the lowest they have been for 31 years. “The lower interest rate […]
Know your rights and obligations in sectional title schemes
Sectional title has become the most common form of property ownership in South Africa and it is imperative that property owners know their rights and obligations in relation to the sectional title development in which they are involved, says Kim Pistor, legal advisor and conveyancing manager for Rabie Property Group. Pistor says people often confuse […]
Development constraints will push up prices
The development sector is going to be hard-pressed to respond rapidly to improved demand for new commercial or residential stock when the market picks up which will lead to stock shortages and an inevitable increase in property prices, warns Colin Green, a director of Rabie Property Group. He says the current downturn in the global […]
Century City rentals up by 15% to 20%
Demand for rental accommodation at Century City is outstripping supply and has resulted in a 15% to 20% growth in rentals in the past year, says Rob Downey, manager of Property World, the official on-site agency. He said they currently had around 170 rental properties on their books and a waiting list of would-be tenants […]
