While the office park industry is still trying to claw its way to a better performance level. there are still “pockets of health” where the market is reinvigorating itself, and showing some stalwart results, said Org Geldenhuys, managing director of property development and management company, Abacus DIVISIONS. “Secure office parks, such as Route 21 Corporate … Continue reading
Tag Archives: commercial property sector
Rietvlei Industrial Estate gets the green light
Property development and marketing company, Abacus DIVISIONS, has announced that the developers of the R500 million industrial estate, Rietvlei Industrial Estate in Irene, Pretoria, have given the go-ahead to proceed with the signing of sales agreements – as well as giving professionals involved on the project instructions to finalise the process. Org Geldenhuys, MD of … Continue reading
Abacus DIVISIONS sells out all stands at Rietvlei Industrial Estate – rakes in R105 million
Property development and marketing company, Abacus DIVISIONS, has announced that has sold all the stands –totaling more than 123 000 square metres -at its recently launched Rietvlei Industrial Estate, raking in a total of R105 million. Said Org Geldenhuys, managing director of Abacus DIVISIONS: “It has been an absolutely phenomenal start to the New Year-and … Continue reading
The greater Irene area – poised for R10 billion worth of development
Pictured at the Nellmapius bridge is, from left : Org Geldenhuys (Abacus DIVISIONS) and Mark Streeter (a spokesperson for Irene Land Corporation) Developments and upgrades within the greater Irene area continue unabated with the announcement that the long-awaited upgrade to the Nelmapius Road Bridge over the R21 highway is on track and due for completion … Continue reading
The South African property market is heading for the next boom- but it is still a few years off
There is some good news for the South African property market if one takes a look at historical trends – which would suggest that the sector experiences a property boom every ten years and a constructions boom every 20 years, said Org Geldenhuys, managing director of property development and management company, Abacus DIVISIONS. “Although the … Continue reading
Eskom’s lower than expected increase brings a reprieve for the commercial property market…
Last month’s news that power utility Eskom had been refused its application for a 16%-a-year tariff hike for five years – instead being granted an 8% hike – is good news for the commercial property sector, which is being strangled by operating costs. This is according to http://, managing director of property development and management … Continue reading
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