Old Mutual in R3bn development that will house its SA HQ Insiders say the new precinct , called Mutual Place, will be a 120 000m² multi-storey mixed use office precinct and is expected to be taller than the 50-floor Carlton Centre in downtown Johannesburg. It will also be one of the greenest, if not the greenest, multi-storey precincts in the area.
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Property as an investment option - Investment insights The biggest leverage that any successful investor possesses is knowledge. Knowing where and how to invest comes with studying the market and the current conditions. While current property market conditions favour buyers, one still needs to make an informed decision and look at all factors relating to the purchase such as the location and future appreciation potential of the property. These elements of property investment will always remain important regardless of the conditions surrounding the transaction. *Adrian Goslett is the CEO of RE/MAX of Southern Africa.
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This morning, I was fortunate enough to attend the Property Finance "Power-Hour" Breakfast offered by SAPOA (South African Property Owners Association) in Sandton. The Power Hour was presented by Gerhard Zeelie of Standard Bank and he dealt with the state of the South African Property Market. It was interesting to get his perspective on where the market is and where it may be heading. No-one can accurately predict these things BUT as Gerhard said … "At least he has charts." Obviously an hour is wholly insufficient to cover the whole market in depth but we were afforded the opportunity to gain an oversight. Gerhard dealt with the following: Office Property Market Industrial Property Market Retail Property Market Residential Property Market SOME MARKET SEGMENTS PERFORMING WELL On average, the first three segments of the property market appear to be fairing quite well. Returns in the Office market are currently the best with an average return of 14.1% but