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.
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 green offices for Aurecon
An artist impression of Aurecon A new 7000 square metre “green” regional office block will be built at Century City for Aurecon, an engineering, management and specialist technical services group formed through the merger of leading engineering consultancies, Africon, Connell Wagner and Ninham Shand. Being developed by Rabie Property Group at a cost of R150million, […]