During the first 6 months of 2015, the commercial property market have seen a noticeable increase in demand for good quality commercial properties from a broad spectrum of buyers.

Wednesday, 05 November 2014 21:44

Org Geldenhuys

Org's first love is Information Technology, & that's what he studied at University.

Published in Property Leader

There are only a handful of stands left in N4 Gateway, one of the last areas where owner occupiers or investors can buy industrial land in Pretoria.

Kenya's retail property market is fast becoming one of the most sought after growth markets for South African real estate firms and retail companies, said Org Geldenhuys, MD of property development and marketing company, Abacus DIVISIONS.

Vacant industrial land for new developments in Pretoria hard to come by.

The JSE's listed property sector which has been a sterling performer over the past few years has not managed to maintain its bullish momentum of the past few years of beating the broader all share index.

Vacancies in the office property market have decreased by 40% in the greater Irene area

Property development and marketing company, Abacus Divisions, has announced that it has sold all the stands –totaling more than 123 000 square metres -at its recently launched Rietvlei Industrial Estate, raking in a total of R105 million.

Developments and upgrades within the greater Irene area continue unabated with the announcement that the long-awaited upgrade to the Nelmapius Road Bridge over the R21 highway is on track and due for completion at the end of the first quarter of 2014.

One of the more positive signs of the property market in 2013 is that banks started to ease their lending criteria.

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