16 November 2005

Gensec Property Services, Durban, has signed an eight-year lease to the value of R15 million.

The tenant, the CCMA, will occupy an area of just less than 3000m² in the Embassy Building. This translates to a rate of R42,50 per square metre, with an escalation of eight per cent.

"This is one of the most exciting and significant deals for the Durban office this year, particularly in respect of the rental in the area of occupancy," says Leone Allanson, centre manager, Gensec Durban.

Julie Moodley brokered the deal.

-Ends-

About Gensec

Managing a diversified portfolio of R12 billion, Gensec Property Services is one of South Africa’s largest independent and progressively empowered management companies.

Further information:

Tania Taylor
Gensec
Tel: 011 471 7457
Fax: 011 471 0552
Cell: 072 345 1344
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Nadia Swift
Livewired Communications
Tel: 011 202 7877
Fax: 011 804 3804
Cell: 084 588 6290
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.