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 […]
Civils contract to unlock Century City land for development
Civil work is set to start on an 8 hectare site at Century City – the largest remaining undeveloped tract of land in the precinct – to unlock a number of land parcels for development. The R8,2million civils contract has been awarded to Neill Zaaiman Civils which will move on site next week. The first […]
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 […]
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 […]
New R85m Business Centre for Century City
A new 4000 square metre office block is to be developed at Century City at a cost of R85million for The Business Centre group. The group provides furnished, serviced offices to businesses of various sizes in Gauteng and KwaZulu Natal but this will be their first Business Centre in Cape Town, extending their national footprint. […]
R518 000 raised for Sinenjongo
A 12 strong team from Rabie Property Group participated in this year’s Platteklip Charity Challenge to raise funds for charity. The Challenge involves running up Table Mountain’s Platteklip Gorge in a 5,5km loop as many times as possible between dawn and dusk. This year the organisers chose Sinenjongo High School in Joe Slovo Park down […]
Century City residential penthouse apartment sold for R13,5 million
Residential property prices at Century City have broken new ground with the sale this month of a four bedroom furnished penthouse apartment in Crystal Towers to a foreign buyer for R13,5 million. Prior to this the highest price achieved for a property was for a freestanding home on a double plot in Waterstone Isles which […]
Sinenjongo to benefit from the K-Way Platteklip Charity Challenge for 2012
The K-Way Platteklip Charity Challenge for 2012 is taking place this week Saturday (21 April) and we are delighted that Sinenjongo High School in Joe Slovo Park, Marconi Beam, which Rabie adopted as the major beneficiary of its Corporate Social Investment programme almost six years back, has been chosen as the recipient of the funds […]
Century City triples in size in 8 years
The built form at Century City has more than tripled in the past eight years and now stands at over 850 000 square metres with total investment to date totalling about R17billion. Chris Blackshaw, CEO of the Century City Property Owners’ Association (CCPOA), the non-profit company responsible for the day to day running of the […]
Century City residential sales at five year high!
Century City residential sales secured by Property World, the official on-site agents for the developer Rabie Property Group, in the first eight months of the current financial year totalled more than R242 million – the highest level recorded in five years and almost double that of the previous year. Allen Usher of Property World said […]