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Rabie Property Administration portfolio set to soar to R7bn

Rabie Property Administration’s portfolio under administration will shortly exceed R7billion – a growth of more than 40% since December 2014. Director Leigh Metcalf says that since December last year the portfolio has grown by R700million and will shortly be further boosted by the addition of five...

Rabie office sold to investment trust

Rabie Property Group’s 965 square metre office suite in the Colosseum building in Century Way, Century City has been sold to an unlisted property investment trust for R20,2million. The two level, A grade office suite of Rabie, the developer of Century City, has been acquired by...

Foodlovers Market

New Foodlovers Market boosts Pinehurst Centre

The second phase of the Pinehurst Convenience Centre in Durbanville, comprising a 1200 square metre Foodlovers Market, has now been completed. The shopping centre, phase one of which opened in December last year, has been developed at a cost of R100million as part of the new...

The River Club

Major refurbishment of The River Club gets underway

Planning is underway to transform the 20ha River Club property in Observatory into a major commercialised recreational hub. Indigo Properties, which redeveloped the hugely successful Biscuit Mill and Woodstock Exchange in the neighbouring suburb and the innovative and popular Daddy Hotels, recently acquired the company that...

RPA to manage new Ingenuity properties

[caption id="attachment_1437" align="alignright" width="300"] The Gateway at Century City[/caption] Rabie Property Administrators (RPA) is to retain the management of nine prime Cape Town properties Ingenuity Property Group is acquiring in a R866m deal from the privately held Century City Property Investment Trust (CCPIT). JSE- listed property investment...

Fundamental Software lets Greenford office block

[caption id="attachment_1206" align="alignright" width="300"] From LtR: Philip Jackson (Broker), Craig Arenhold (CEO of Fundamental Software) and Leigh Metcalf (Director of Rabie Property Administrators)[/caption] Fundamental Software, a financial services information technology company, has signed a three year lease for Block C in the low rise Greenford office...

Kenilworth lettings picking up

[caption id="attachment_1191" align="alignright" width="300"] One of the office blocks at Aintree Office Park[/caption] Three  leases for a total of just under 700 square metres have been signed in the Aintree Park office park in Kenilworth n the past few months. Nicola Villarini of Rabie Property Administrators, which...

New urban renewal project for Woodstock

[caption id="attachment_978" align="alignright" width="300"] Photograph by Rowan Pybus[/caption] Three neighbouring industrial buildings in Albert Road Woodstock are being redeveloped into a trendy, upmarket mixed-use complex to be known as The Woodstock Exchange. The three buildings were acquired late last year at a cost of R20,5million by Dormell...

Rabie Property Administrators appointed to manage Rosmead Centre

[caption id="attachment_900" align="alignright" width="600"] Rosmead Shopping Centre, Kenilworth[/caption] Rabie Property Administrators (RPA) has acquired the management contract for the Rosmead Shopping Centre in Kenilworth bringing their portfolio under management to more than R3,8billion and a total GLA of just under 300 000 square metres. The convenience centre...

Banks scrutinising Body Corporates finances

[caption id="attachment_897" align="alignright" width="200"] Conveyancing Manager - Rabie Property Group[/caption] 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...

R35m upgrade for Tokai On Main shopping centre

[caption id="attachment_747" align="alignright" width="300"] Food Lovers Market at Tokai on Main[/caption] A R35million upgrade and redevelopment of the Tokai on Main Shopping Centre in Main Road, Tokai which includes a new, state-of-the-art 3500 square metre Food Lovers Market, is nearing completion. Colin Anderson, a director of the...

Woolworths at Palmyra Junction clinches top retail award

[caption id="attachment_519" align="alignright" width="300"] Faizah Behardin of the Cape Chapter of the South African Council of Shopping Centres (SACSA) presents the award for top regional supermarket retailer to Garron Van Rensburg, manager of the Woolworths Foodstore at Palmyra Junction.[/caption] The South African Council of Shopping Centres...

Property Administration : Meet the RPA Team

Rabie Property Administrators (RPA), a wholly owned subsidiary of Rabie Property Group, now has a portfolio under administration of more than R3,5 billion which is managed by a dynamic, multi-skilled team of 15. The team includes: Leigh Metcalf, a director Leigh started her career in the property...

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...