Century City office blocks snapped up
Commercial property investors are returning to the market and have snapped up three Century City office blocks for a total cost of more than R75million in the past couple of months. John Chapman, a director of Rabie Property Group, said an unlisted property fund had acquired two buildings for a total of just under R52million […]
Central Park third phase launching soon
The third and final phase of Central Park, an 18 000 square metre low rise office park situated around a village green at Century City, is to be launched shortly. This follows the successful completion of the first two phases of the development comprising 10 standalone buildings totalling around 12 000 square metres . Giles […]
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 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 […]
Century City offices : Moore Stephens SA relocates to Century City
Accountancy firm Moore Stephens BKV Inc. has relocated to Century City, taking just under 2000 square metres in The Gateway office block on a long lease. Moore Stephens BKV Inc. has been operating since 2003 and is part of the Moore Stephens International Association (MSI), one of the world’s major accounting and consulting networks with […]
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 […]
