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.
rabie property group
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 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
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.
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
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
Cash buyers have been underpinning the residential property market at Century City during the current downturn, says Rob Downey of Property World, the official on-site estate agency for Century City developers, Rabie Property Group. He said over 50% of Property World’s 120 residential sales at Century City during the financial year to end June had
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
The first construction crane to grace the skies at Century City in almost a year has gone up. It has been erected for the construction of a new 7000 square metre “green” regional office block for Aurecon, an engineering, management and specialist technical services consultancy group formed through the merger of Africon, Connell Wagner and
It’s official, the residential property has finally turned with sales at Century City up a staggering 150% for the year to end June. Allen Usher, managing director of Property World, the official on-site agency for developers, Rabie Property Group, said they had secured a total of 104 sales at Century City totaling R206million for the
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,
Little Moorings, an exclusive new niche development of 39 sectional title apartments, 33 of which are water-fronting, is being launched at Century City by Rabie Property Group. Comprising studio, one and two bedroom apartments, Little Moorings will boast beautifully landscaped, private gardens fronting onto the water. There will also be a private jetty from which
Demand for rental apartments in Citadel Constantiaberg, a high-rise block of 91 luxury apartments in the heart of the Southern Suburbs, has been unprecedented with not a single apartment now available to be let, says Ian Matheson, of Avon Chase Properties. “In fact we alone are having to turn away about 25 would-be tenants a
Trendy New York-style living is to be introduced to Century City at the Manhattan, a R140m tower block of apartments to be built on a prime water-fronting site across the Grand Canal from Canal Walk by the Rabie Property Group. Set over basement parking and ground level shops providing convenience retailing and a “neighbourhood” restaurant,
Porsche Centre Cape Town has relocated its Western Cape operations to new premises at Century City. Toby Venter, CEO of Porsche Centre South Africa, said they had relocated their entire Western Cape operations from High Street in Tyger Valley, taking up the entire first phase of Gorrie & Findlay’s new 6232 square metre development at
The 95 hectare Westlake development at the southern end of the Constantia Valley has been given this year’s SA Property Owners’ Association Green Spiral Award. The award is made annually in recognition of a development which has “contributed most to the upliftment of society and the environment”. The SAPOA citation records that five years ago