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Property News

Polifin relocates to Bryanston


Plastics and chemicals giant Polifin has relocated its international and greaterJohannesburg divisions to new headquarters overlooking the Bryanston Country Club golf course.Located in the new Bryanston business precinct, the building comprises 8800sqm of office space in its own secure enclave. Major advantages of the new location, according to Polifin MD Trevor Munday, are proximity to freeways, accessibility, lack of traffic congestion and generous parking provisions.

Construction management gains ground


No markups, no hidden discounts, no kickbacks. That’s the reason more and more companies worldwide are adopting construction management (CM) as their preferred building procurement method.

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.

Mitchell’s Plain price caution


An estate agent servicing the Mitchell’s Plain area has cautioned residents against expectations of price increases, until at least into the second quarter of next year.

Tenants turning to shorter, flexible leases


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.

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.

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.