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
Tag Archives: real-estate
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
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
Abacus DIVISIONS News 