INTERNATIONAL and local investors are flowing back into the commercial property market in Cape Town, according to Chris Immelman, who heads the broking division of Golding Commercial Properties.

"Over the past year there's been a marked surge of interest from those seeking incomegenerating property investments across a broad range, including hospitality and leisure investments, as well as retail and other commercial property investments," he says.

"We have been inundated with inquiries from offshore investors, who are attracted by our high escalation rates.

"These investors perceive excellent opportunities in SA and are prepared to invest from R5m to R100m.

"Some are seeking low-risk, solid, conservative and loweryield investments, while others are prepared to take a high risk for a higher yield.

"They will consider shorter leases and more tenants for the right property, for example a commercial building with a mix of convenience shops, restaurants plus two or three floors of offices, in good areas such as the central business district, Claremont, the Waterfront or Somerset Road areas."

Apr 23 2003 07:03:15:000AM Business Day Reporter Business Day 1st Editio