Property News

Tenants turning to shorter, flexible leases

18-08-2000

Commercial property tenants are turning increasingly to existing buildings that can be upgraded and leased for shorter periods.

Agents’ own training funding mooted

A Sandton estate agency principal has mooted the idea of candidate agents either paying for their own training or being made to serve an apprenticeship.

RE/MAX powers ahead

The RE/MAX group is forging ahead with sales on track for over R1,5 billion this year says RE/MAX Southern Africa CEO Peter Gilmour.Gilmour is distinctly upbeat.

Showhome owners’s crime concern

Homenet's KZN director Dirk van Zuilekom has appealed for homeseekers’ cooperation at showhouses by supplying the agent on duty with their personal details if asked to do so."Sellers, in view of the high crime rate, want to know who has been visiting their home, especially now that showhouse attendances have picked up in recent weeks."

Leasebacks back in vogue

Sale and leasebacks of commercial office space where property is sold, and the same property leased back to the seller by the new owner, are again in vogue.

Telkom takes up more space

Telkom continues to expand its office space requirements at Durban's Old Mutual Centre, with the addition of three floors, representing 3 741 m², to its overall lease at Old Mutual's flagship building.

Aggressive asset management key to performance

The future performance leaders will be those owners that aggressively move with the times, says Tony Bales, property asset manager at Old Mutual Properties.

Adapting to the expanding universe of ecommerce

Traditional retailers worldwide have spent the last two years watching the Internet trade threaten their businesses.

German property buying “to surge”

German buying in South African residential property is being forecast "to the point of collectively outstripping all other foreign nationals".So says Dave Rogers, managing director of Homenet.

Old Mutual Properties chips in with new premises for Simba

Old Mutual Properties is to develop and manage a new 6 300 m² warehouse and distribution facility for Simba Chips in Parow, Industria, allowing the country's biggest supplier of snack foods to centralise its operations into what will be its biggest distribution point in South Africa.