Despite average GDP growth of 2,7% in the 10 years since 1993, close to 2m m² of new A- and B-grade office space was built in Johannesburg's northern suburbs. Even allowing for the 550 000 m² space that is vacant because of over development - and the 400 000 m² that lies abandoned by companies that fled the Johannesburg CBD for the suburbs - that is about 110 000 m² net take-up/year in the past decade.

Now is the time for tenants to fix long, low-rent leases. Here's how.

Fraternity hopes mergers will deliver bigger, better and more liquid funds and draw the attention of fund managers.