There seems to be a possibility that business confidence is improving as a number of developers in the greater Irene area announce plans to build warehouses, said Org Geldenhuys, managing director of property development and management company, ABACUS DIVISIONS. ABACUS DIVISIONS, which sold seven parcels of land in Irene in one week earlier this month, … Continue reading
ABACUS DIVISIONS , the Pretoria-based property development and management company, reports that, after a slow start to the year, it sold seven stands – worth R25 million – in the Irene area. This is according to Org Geldenhuys, managing director of ABACUS DIVISIONS , who said the Irene area is booming, with some “significant development … Continue reading
The commercial property sector, which was hit hard by the financial meltdown – which started with the collapse of Lehman Brothers in 2008,- is continuing to show some green shoots with some property developers believing the market might turn by the fourth quarter of this year. This is according to Org Geldenhuys, managing director of … Continue reading
While it has been revealed that the controversial and ambitious Symbio-City project earmarked for Centurion will not be funded out of municipal coffers, detractors are still questioning the rationale behind this project – a project that that many believe will be detrimental to other stakeholders in the area, as well as other office park developments. … Continue reading
One of the problems facing the commercial property market is that landlords are destroying property values by signing leases below market value, prompting banks and financial institutions to downgrade the value of buildings as values are essentially based on rental inflows. This is currently arguably one of the biggest problems facing the commercial property market, … Continue reading
Property developers need to increasingly consider developing hybrid buildings that are able to run off a hybrid- designed base, managing a mixture of technologies – including traditional and next-generation energy sources – just as vehicle manufacturers are successfully doing with the increasing number of hybrid models coming off the assembling lines. This is according to Org … Continue reading
