R1bn in new developments underway at Century City
Cranes are back on the skyline at Century City with new developments totalling more than R1billion under construction and more in the pipeline. John Chapman, a director of Rabie Property Group, said Century City had continued to outperform the office market generally and while many other nodes were showing a significant increase in office vacancies, […]
Big Ben Construction has a full order book
At a time when many construction companies are struggling and downsizing, Big Ben Construction, a niche operator based at Century City, has not only survived but has more than tripled its turnover. Managing Director Colin Ridley said Big Ben Construction has committed contracts totalling around R280million in the pipeline and they were working to full […]
Century City offices now launching
The Quays, an exciting new boutique commercial development providing smaller office users the opportunity to purchase in Century City is to be launched by the Rabie Property Group. The development will comprise 39 low rise studio offices ranging from 41m2 to 228m2 , excluding balconies, and priced from around R800 000, ex VAT. Occupation is […]
Rabie acquires 50% in Oasis Joint Venture
Rabie Property Group has acquired from ArrowCreek a 50% stake in the Oasis Joint Venture which is developing the award-winning Oasis Luxury Retirement Resort at Century City. Rabie, together with its Joint Venture partner, the Harries Consortium, are to continue with the development of the resort to realise its full potential. The initial Joint Venture […]
Construction of Kenilworth office blocks gets underway
Almost 12 years after the first phase was completed, construction of the first three buildings in the second phase of the low rise Greenford Office Park adjacent to the Kenilworth Race Course is underway. Phase One of the sectional title office park, which is surrounded on three sides by a nature reserve and enjoys spectacular […]
Lower interest rates boost sales and affordability
The recent surprise drop in interest rates has further buoyed the property market at Century City which is reporting a significant uptick in residential sales inquiries. So says Brian Usher of Property World, the official on site estate agency which undertakes all new development sales as well as a large portion of the resale market […]
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 […]
Century City sectional title offices sold out
All 18 office suites in a sectional title office block at Century City have been sold ahead of the building being completed. The 2200 square metre building is part of the 18 000 square metre Central Park low rise office park which is being developed around a village green. Sedica Knight of the developers, Rabie […]
Banks scrutinising Body Corporates finances
The proper financial management of sectional title body corporates is likely to come under increasing scrutiny by mortgage lenders making it difficult for purchasers to raise finance to buy into badly managed complexes. Kim Pistor, conveyancing manager of Rabie Property Group, says some banks are already doing so with purchasers finding it difficult to raise […]
Quaynorth now launching at Century City
Quaynorth, an exclusive, niche development of 28 apartments, 26 of which are water fronting, is to be built at Century City by Rabie Property Group. The development follows the successful launch of a neighbouring residential development, Quayside where 51 of the 63 apartments and townhouses, have been snapped up by buyers since its launch late […]