Firm makes stylish move FOLLOWING a record year in 2002.

Posted On Saturday, 22 February 2003 10:01 Published by
Rate this item
(0 votes)
Collins Properties has outgrown its Long Street offices and acquired its own building in Bree Street.

Collins Properties has outgrown its Long Street offices and acquired its own building in Bree Street, where it now occupies the entire four levels of its new Georgian-style headquarters.

The move will mean that for the first time the company will be able to house its commercial and residential divisions under the same roof, together with its investment and financial services departments which were previously housed in three different buildings, and a recently established IT division.

'A second reason for moving is that Bree Street is becoming the new 'in' address for small, smart corporations and prices are beginning to move skywards,' said Alyce Collins, the owner of Collins Properties. Many of its lovely old buildings have been acquired by businesses and 'chelseafied' in a most attractive manner, restoring much of the elegance of a bygone era.

'Even the old tannery at 91 Bree Street has been restored, at some cost, by a foreign company and this has been the growing tendency between Hans Strydom and Buitensingel,' she said. Collins said that the big advantage of Bree Street was that for most of its length it wass a generous four-lane thoroughfare joining these two arterial routes and the opportunity for branding is excellent.

Properties were still obtainable at reasonable prices but leases were edging upwards and some deals hadbeen struck at R60-a-square-metre, a rate unheard of a year ago on this street.

Collins said that her company firmly believed that there was a positive future in Bree Street which it saw becoming to image-conscious private enterprises what Long Street had become to entertainment, Loop street to haute couture and the designer professions, and St George's Mall to the retail trade. Streets that develop niche identities like this were very good for a city's image and growth, she added.


Publisher: Weekend Argus
Source: Weekend Argus

Most Popular

Investec Property Fund launches first REIT sustainability-linked ESG bond in Africa

Apr 22, 2021
Darryl_Mayers_CEO
Investec Property Fund (‘IPF’ or ‘the Fund’) today became the first South African real…

EPP’s new app takes tenant relations to the next level

Apr 22, 2021
Tomasz_Trzósło
Johannesburg Stock Exchange listed EPP, Poland’s biggest retail landlord, continues to…

Rethinking office space in post pandemic SA

Apr 20, 2021
90_Rivonia_results
Since the beginning of the pandemic, one of the biggest questions in real estate has been…

4 simple rules to getting a good credit score

Apr 21, 2021
Carl_Coetzee_BetterBond_CEO
Make buying your dream home an informed purchase by knowing your credit score.

Western Cape ripe with affordable housing potential

Apr 20, 2021
Tuhf_Hi_res24
The TUHF Western Cape regional team believes that even though COVID has had an impact on…

Please publish modules in offcanvas position.