SPECTACULAR PRODUCTIONS AND DEVELOPMENTS
Sponsorship and Investment Presentation
01
BusinessTech Publications
While there is buzz around Gauteng’s new R84 billion smart mega city being built in Modderfontein, another high-budget development is taking place east of Pretoria.
Dubbed “The East Capital”, the Hazeldean development is a R44 billion project adopted and approved by the Tshwane metropolitan district.
It is being developed by the Hazeldean Consortium, comprising development giant Abland and Sable Homes.
The city will be accessed off the N4, and will see the development of a new R90 million road – the PWV17 – which will link the N4 and the R21. Known as Hazeldean Boulevard, the road should start construction in 2016.
The land held by the consortium covers 950 hectares. The project spans residential, commercial, retail, utility and mixed-use zones.
The development’s master plan includes a 100,000 square meter mall, along with hospitals, more educational facilities, retail and hospitality and tourism buildings.
The Hazeldean Consortium is also in negotiations with the Gautrain Management Agency to motivate a Gautrain landing station in Hazeldean as part of the next phase of rollouts for the transport system.
Feasibility studies into the possible 140km extension of the system are expected to begin in early 2015.
Commercial district
Commercial
Commercial
Mall
Several developments have already been completed in the area, including residential areas, estates, Hazeldean Square shopping mall, office parks, schools and a retirement village.
Hazeldean home
Hazeldean apartments
Internet infrastructure
According to Abland’s Hendrik van Zyl, the development has a hybrid of Telkom lines and fibre solutions in place.
“In our model developments within Hazeldean we have Fibre-to-the-Home, installed, managed and backed by ATEC systems and technologies.”
“We offer telephony, data and IPTV to our residents, and we are expanding on this model as it becomes feasible on the various developments,” Van Zyl said.
He noted that Abland has also received approval for a wireless mast to be installed, but the group is waiting for final approval before proceeding.
“Furthermore we are in negotiations with Telkom for a gated fibre product,” he said.
https://businesstech.co.za/news/general/79379/a-look-at-pretorias-new-r44-billion-city/
03 CONTINUE
Construction starting
05
WITHOUT A SHADOW OF DOUBT THE WESTERN CAPE PROVINCE OUT PERFORMS THE REST OF SOUTH AFRICA BY FAR
Western Cape province Finance, Economic Development with Alan Winde
Western Cape economy with Alan Winde
Focus on Cape Town -- Part 1
Focus on Cape Town -- Part 2
Foreign Buying in Cape Town Property Market Increasing
Trends in S.Africa's property market
What real estate investors look for in a property deal?
Infrastructure Challenges Faced By South Africa's Hotel Industry
Product Development in South Africa's Tourism Sector
Insight - South African travel and tourism sector
Insight - South African travel and tourism sector
THERE ARE CURRENTLY MULTI-MULTI- BILLION RAND MEGA DEVELOPMENTS RISING IN SOUTH AFRICA. The first 3 stories counts for r 100 + Billion alone.
02
BusinessTech Publications
Developers Atterbury have released details on their retail plans for the new Precinct 14 development in Roodepoort, showing off the 13,000 square metre mall planned for the area.
The project is being co-developed by Atterbury (Waterfall, Mall of Africa) in partnership with Century Property Developments (Riversands).
According to Attebury the project is expected to be completed some time in 2022, with construction starting as early as July 2017. The company could not disclose the specific development cost at this stage, but said that it was definitely a multi-billion rand project.
The development will aim to bring 70,000sqm of office space to Roodepoort, coupled with a 120-bed hotel, a 3,500sqm gym, 100 residential units and a 13,000sqm convenience shopping centre.
The shopping centre will be the anchor for the development, serving as a hub that forms a public interface between the retail, gym, hotel and offices – creating a safe connected environment for residents and users.
The precinct itself is located on 14th Avenue just off the N1 Western Bypass. The planning of the road network for Precinct 14 is said to allow for four major access points into the area.
According to Atterbury, a new interchange, Metro Boulevard Interchange, will be constructed as part of the precinct’s infrastructure responsibilities, and the group will construct additional lanes to the on and off-ramps of the 14th Avenue interchange.
The company also showcased the concept for the development of its other retail space.
03
BusinessTech Publications
A massive development to make Fourways Mall the second largest mall in the country – and the largest in the Gauteng province – has broken ground.
The project is being built through Accelerate properties, which will see the expansion of Fourways Mall – joining with other centres in the area – to cover 175,000 square metres under one roof.
As at September 2015, Accelerate’s property portfolio had a fair value of R7.65 billion covering 57 properties over 488,040 square metres. Nine of the group’s properties – including the R2.2 billion Fourways Mall Shopping Centre – are at the center of the Fourways Development.
As part of the development plan, approximately R30 million will be spent on the refurbishment of the existing Fourways Mall Shopping Centre, and a further R270 million will be spent on the adjacent road infrastructure around the mall.
Ultimately, Fourways Mall will get approximately 90,000 square metres of additional retail space, culminating in the mall transforming into a super-regional shopping centre.
Other prominent letting enterprises within the Fourways retail node include Fourways View, Cedar Square, The Buzz Shopping Centre, Fourways Game and Leaping Frog, which were part of a R2.65 billion development project in 2006.
Once linked, the mega-mall will be larger than Sandton City (128,000 square metres) and the country’s newest “mega” centre, Mall of Africa (131,000 square metres).
Gateway, in Durban, still commands the top spot as the biggest mall in South Africa – and Africa – at 220,000 square metres, however.
The financing of the project will be handled directly through Fourways Precincy Limited (FPL), which is owned part of the Accelerate group.
There are plans to achieve around 1,000,000 square metres of rights in the future, the group said.
According to a credit rating review for the group in February 2016, the Fourways Mall Development is expected to be complete by mid-2018.
https://businesstech.co.za/news/business/120731/a-look-at-the-fourways-mega-mall-planned-for-2018/
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BusinessTech Publications
A look inside the Cape Town house that just went on the market for a record R185 million (USD$ 13.8 million)
The Atlantic Seaboard suburb of Fresnaye has seen a rally in demand for freehold property which has in turn boosted the full title selling price by 76% in just four years.
Where full title property sold for on average R7.2 million in 2012, the price now stands at a R14.923 million, outranked only by Clifton and Bantry Bay overall, according to property group, Seeff.
The suburb though topped these two areas in terms of the overall volume and value of sales over the last few years.
According to Lance Cohen, Seeff agent for the area, attributing factors include the location against the slopes of Lion’s Head that allows for fabulous views as far as the eye can see.
Cohen said that most buyers are in the 36-49 year age bracket with only about 10% below that age group. Less than 5% of sales were to foreign buyers amounting to just over R42.2 million.
The full title sector comprises about 60% of total market stock, while the average time on the market is around six weeks and the average difference between asking and selling prices around 15.2%.
Since the start of last year, 10 homes priced above R20 million were also concluded in the suburb.
In the sectional title sector, some 60% of all sales were above R5 million, reaching a price per square metre of R50,000 – R54,500.
Cohen has just listed a 3,247sqm estate with the original and first manor house in Fresnaye for a record price of R185 million.
The property boasts fireplaces throughout, underfloor heating, a gymnasium, and large swimming pool.
There are five bedroom suites in the main house. There is also a guest cottage with two bedroom suites and a living area and kitchen with a private terrace and swimming pool,
Additional features include staff accommodation and garaging as well as top class security and a guardhouse.
South African Property Market worth $403-billion
July 12, 2017
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South African property market is currently valued at a staggering USD $403 billion (R5.8-trillion ZAR), according to latest research released by the Property Sector Charter Council (PSCC) in Johannesburg on Tuesday.
It remains the first and only research of its kind about the size and shape of the country's property industry.
The study comes to clarify the parameters of the PSCC whose property charter was gazetted in June 2012. The charter seeks to ensure participation of black people to the tune of 25% of the total value associated with the property industry within the next few years.
This study builds on baseline research that measured the size of the property market in SA at a massive R4.9 trillion at the end of 2010. It shows a meaningful increase of nearly R1 trillion in four years.
The Council reviewed market size estimation that provides a snapshot of the South African Property Sector using figures from the financial year 2014/2015.
It reveals the property sector’s size at R5.3 trillion with a further R520 billion land officially zoned for commercial and residential development.
Commercial Property carries a value of around R1.3 trillion, up from some R780 billion, with almost R790 billion held by corporates, R300 billion held by REITs, R130 billion by unlisted funds, and R50 billion by life and pension funds.
Of this, retail property has the highest value at R534 billion (R340 billion in 2012) followed by office properties at R357 billion (R228 billion) and industrial properties at R281 billion (R187 billion). Hotels and other property accounted for R94 billion in value (R25 billion).
A key finding of the latest research shows that formal residential property still accounts for nearly three-quarters of property owned in South Africa, and grew from an estimated R3.0 trillion at the end of 2010 to R3.9 trillion. For the first time, it also considered informal residential property, although it has no value, which was quantified by the number of households provided by the Department of Human Settlements.
Undeveloped urban land zoned for development remained unchanged around R520 billion (1.1% of total land in SA).
The public sector contributed a total of R237 billion, of which around R102 billion is estimated to be in the hands of the Department of Public Works, R66 billion held by SA’s 19 largest state-owned enterprises, and R69 billion owned by metros and selected local municipalities.
The research is part of a larger project by the council, which provides a point of departure against which various transformation charter imperatives can be assessed.
In a prepared statement, CEO of the Property Sector Charter Council, Portia Tau-Sekati says: “For a sector this big and this important it is crucial to have a hub of knowledge that consolidates information to support a common and consistent understanding of the sector.”
Tau-Sekati explains that by regularly updating this research the council also creates a measure of the effect of property cycles on the sector’s value, which can be significant.
The study also supplements PSCC's SA Property Sector Economic Impact Report that estimates the property sector’s contribution to GDP at a significant R191.4 billion in 2012 in terms of annual income and expenditure flows generated by the sector and a R46.5 billion contribution to the fiscus.
Original article: http://www.africapropertynews.com/southern-africa/3239-south-african-property-market-worth-403-billion.html
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