South African Property Review June 2015

S O U T H A F R I C A N

PROPERTYR E V I E W

June 2015

South African P

roperty Review

The Annual SA

PO

A International C

onvention and Property Exhibition: R

eport back June 2015

The REAL in Real EstateOur Convention report back

MONT BLANC Projects & Properties Placing responsible development fi rst

INNOVATIVE XCELLENCE AWARDSAnd the winners are...

YOUR NEW SAPOA PRESIDENT

Mike Deighton takes the reins

in Real Estate

AFRICA SERIESWith an ancient past, Egypt is focused on future prosperity

Cover with Spine_JUNE_SUBBED.indd 1 2015/06/02 2:30 PM

2 SOUTH AFRICAN PROPERTY REVIEW

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Contents_JUNE_SUBBED.indd 2 2015/06/05 9:53 AM


PROPERTYR E V I E W

June 2015

2 From the CEO4 From the Editor’s desk10 Industry news18 Education, training and development20 Legal update Don’t be left in the dark22 Planning and development Creating integrated spaces24 Interview Meet Mike Deighton26 SAPOA Board Meet the new team28 Theme leader Convention report back38 Innovative Excellence Awards44 SAPOA Journalist Awards and exhibitor stand winners48 Africa uncovered Egypt54 Cover feature Ahead of the curve58 On show Three’s a charm64 Western Cape Golf Day65 Sundowners with SAPOA66 Statistics68 What’s on Upcoming events72 Off the wall Bentel boosts Durban’s retail

ON THE COVERMont Blanc Projects & Properties places responsible development � rst

Editor in Chief Neil Gopal Editorial Advisor Jane Padayachee Managing Editor Mark Pettipher Editor Candace King Copy Editor Ania Rokita Production Manager Dalene van Niekerk

Designers Wade Hunkin, Dirk Knoesen Sales Riëtte Stevens Finance Susan du Toit Contributors Anne Schau� er, Eugenia Makgabo, Lekgolo Mayatula,

Martin Ferguson Photographers Mark Pettipher, Xavier Sauer, Pierre van der Spuy

DISCLAIMER: The publisher and editor of this magazine give no warranties, guarantees or assurances and make no representations regarding any goods or services advertised within this edition. Copyright South African Property Owners’ Association (SAPOA).

All rights reserved. No portion of this publication may be reproduced in any form without prior written consent from SAPOA. The publishers are not responsible for any unsolicited material.

Designed, written and produced for SAPOA by MPDPS (PTY) Ltde: [email protected]

Published by SAPOA, Paddock View, Hunt’s End O� ce Park, 36 Wierda Road West, Wierda Valley, SandtonPO Box 78544, Sandton 2146

t: +27 (0)11 883 0679 f: +27 (0)11 883 0684 e: [email protected]

FOR EDITORIAL ENQUIRIES email [email protected] or [email protected].

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contents


PROPERTYR E V I E W

June 2015

South African P

roperty Review

The Annual SA

PO

A International C

onvention and Property Exhibition: R

eport back June 2015

The REAL in Real EstateOur Convention report back

MONT BLANC Projects & Properties Placing responsible development fi rst

INNOVATIVE XCELLENCE AWARDSAnd the winners are...

YOUR NEW SAPOA PRESIDENT

Mike Deighton takes the reins

in Real Estate

AFRICA SERIESWith an ancient past, Egypt is focused on future prosperity

Cover with Spine_JUNE_SUBBED.indd 1 2015/06/02 2:30 PM



from the CEO

The rise of eco-mobilityIn light of the current effort to transform our cities, SAPOA CEO Neil Gopal

highlights the move towards eco-mobility in Johannesburg

Along with stakeholders, the City of Johannesburg is working towards

creating a city where citizens want to live, work and play. In an effort to re-stitch Johannesburg, the city is embarking on a new spatial vision in line with the GDS 2040 Strategy, based on corridor transit-oriented development.

The goal is to transform the city into one that’s integrated, boasting high-density mixed-use development as well as well-planned transport arteries, known as the “Corridors of Freedom”.

With the introduction of infrastructure to make public transport, walking and cycling easier, safer and more affordable, significant changes are being implemented in parts of Johannesburg, especially around the Sandton CBD.

However, introducing more public transport or cycle lanes will not necessarily mean that people will get out of their cars to use public transport or cycle. To solve this, one key initiative would be to shift the mind-sets and modes of citizens. This involves getting residents together – out of gated communities and social isolation – and onto the streets and into public and open spaces.

The city needs to enable and support behavioural change by providing high-

On Rivonia Road, Fredman Drive and 5th Street, a public transport loop is being developed – a dedicated lane along the kerb with attractive stops and shelters. The Sandton Gautrain Station will include a taxi rank, metered taxi holding and new taxi holding facilities on the corner of West and Katherine. A public transport interchange next to Pan Africa in Alexandra is being developed.

In terms of walking and cycling infrastructure, the Great Walk is being developed – a 5km dedicated pedestrian and walking lane from the centre of Alexandra to the centre of Sandton CBD, with a dedicated bridge over the M1 at the Grayston offramp.

Cycle lanes are also being developed in Sandton on Maude, West and Alice, as are lanes from Rosebank to Sandton.

The city is in discussion with partners about bike-sharing schemes (Cycology in the Sandton CBD); the donation of bikes to learners in Alexandra and Diepsloot (Qhubeka, Freedom Ride); as well as the development of a bike park in Alexandra. The city would also like to explore partnerships for introducing more robust bikes at affordable prices.

The key challenge for the city is to secure opportunities for partnership with the private sector as well as communities in the city. SAPOA is keen on supporting the city in this great effort towards eco-mobility.

Neil Gopal, CEO

quality public transport information, making sure these modes are safe through enforcement and awareness, and activations and campaigns.

In light of the latter, the city will be hosting an EcoMobility World Festival in the Sandton CBD during October 2015. Taking place from 1 to 31 October, the festival will involve various events and activities held primarily in certain streets that will be closed for the duration of the festival, while alternative travel arrangements will be made using public transport, walking and cycling.

The EcoMobility World Festival will provide various opportunities for businesses. The primary objective of the festival is to enable behavioural change from private car use towards eco-mobility (walking, cycling and use of public transport) in the City of Johannesburg.

The festival also aims to showcase the infrastructural interventions that the city would be doing or has done in order to promote eco-mobility (including Rea Vaya BRT, cycle lanes, and “Park and Rides”).

The festival will promote Jo’burg as a cycling-friendly city, and will show and promote other non-motorised and alternatively powered vehicles as means of mobility. It will increase the patronage of Rea Vaya BRT, Metrobus and other forms of quality public transport.

It will also illustrate the benefits of reduced congestion and eco-mobility to productivity, quality of life, air quality, and emission standards; and promote walking and cycling (and other eco-mobility modes) as part of a healthy and sustainable lifestyle.

The festival will highlight legacy projects such as the development of Rea Vaya BRT infrastructure (including lanes and stations being constructed in the middle of the road, such as Louis Botha Ave from Hillbrow to Marlboro and Katherine Ave from Marlboro to Sandton). Other infrastructure development includes the new bridge over the M1 at Lees Street and the upgrading of surrounding roads and intersections.

The month-long festival will have the following components:

● Legacy projects (infrastructure, donation of bikes) ● Closing of certain streets in Sandton for a month,

and the provision of alternative forms of transport to those who would usually use their private car

● EcoMobility Dialogues during the week of 5 to 9 October 2015

● Month-long EcoMobility Exhibition showcasing local and international eco-mobile vehicles, including a variety of cycles and electric vehicles

● Street festivals and events

CEO Review_RESUBBED.indd 2 2015/06/03 3:15 PM

29SOUTH AFRICAN PROPERTY REVIEW

interview

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from the Editor’s desk

The development of the specialised paediatric Nelson Mandela Children’s

Hospital had been on the cards for some time. The project finally got off the ground in April last year – a feat that Tata Madiba would be immensely proud of.

Nestled on the campus of the University of the Witwatersrand in Parktown, Johannesburg, the ground-breaking Nelson Mandela Children’s Hospital is a sight for sore eyes – specifically the eyes of paediatric healthcare in South Africa and in Africa as a whole.

There are only four specialised children’s hospitals on the African continent – two in Egypt, one in Nairobi and one in Cape Town. This is a tiny drop in the ocean when you compare these figures to other parts of the world – in Canada there are 23 specialised children’s hospitals, Australia is home to 19, and there are 20 in Germany and 157 in the US.

Thus the Nelson Mandela Children’s Hospital is more than a grand development – it’s a major step for social upliftment and medical care on the continent.

The vision of a children’s hospital in Johannesburg is a long-standing one. The project was initiated by the Nelson Mandela Children’s Fund, which was established by Nelson Mandela in 1995. Upon the mandate given by the Nelson Mandela Children’s Fund, the project commenced in 2007 with the completion of

a pre-feasibility study followed by a feasibility study and the conclusion of the business case in July 2012.

Design concluded in 2012 at a cost of R1-billion. Subsequently, the reduced design was concluded in June 2013 at a cost of R750-million. Cost of accommodation, training and equipment keeps the project costs at R1-billion.

The sod-turning ceremony was held in March 2014 and construction began on 22 April 2014. In September 2014, the structure

started to take shape; by February 2015 the building was up to roof level.

Group 5 was appointed as the main contractor after the completion of an in-depth quantitative and qualitative process. The project has been funded by more than 60% of South Africans, and R610-million of the capital costs of the project have been raised to date.

The Nelson Mandela Children’s Hospital will house 200 beds; the expansion by another 300 beds has been included in the design of the hospital. It will specialise in haematology, oncology, pulmonology and cardiology, as well as craniofacial, renal and general paediatric surgery.

The hospital will employ about 800 staff members. It is also aiming for a Green Star rating from the Green Building Council of South Africa. The building will optimise as much natural lighting as possible; natural ventilation is also very crucial in its design.

Having visited the construction site recently, I can only imagine what the hospital will look like – families meandering through its corridors; children smiling in their beds; local doctors milling around the rooms.

With development taking shape fast (construction is set to be completed by year-end), Africa anticipates the first patient to be admitted in the second quarter of 2016.

A proud day for African paediatric healthcare

Nearing closer to completion, the colossal Nelson Mandela Children’s Hospital signifies a major step in paediatric healthcare on the African continent

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interview

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from the CEO’s desk

6

Acting Chief Financial O� cerTshwane Metropolitan MunicipalityCorner Lillian Ngoyi and Madiba StreetsPretoria

CITY OF TSHWANE RESELLERS TARIFF 2013/2014

The abovementioned matter as well as our previous correspondence sent to yourself on 29 October 2014 refer.

We would like to reiterate that we endeavor at all times to consult with an intention to seek an amiable

solution to issues that infringe on or prejudice the mutual interests of our membership.

Given the colossal negative implications that the City of Tshwane Resellers Tari� has had had on

Landlords we have sought a legal opinion from Senior Counsel regarding the resolution passed by

yourselves pertaining to the revision of electricity tari� s for the supply of electricity.

We would therefore like to highlight the below considerations:

A. THE LEGISLATIVE STRUCTURE

In terms of section 8(1) of the Electricity Regulation Act (hereinafter “the ERA”) no person may, without a licence

having been issued to such person by the Regulator in accordance with the ERA, be involved in the trading of

electricity. The Regulator to which reference is made in section 8(1) is of course the National Energy Regulator,

duly established in terms of section 3 of the National Energy Regulator Act 5 (hereinafter “NERA”).

The National Energy Regulator of South Africa (commonly referred to as “NERSA”) has, since inception,

deliberately refrained from granting trading licences to landlords who buy electricity from their local

authority and who then on-sells that self-same electricity to the tenants who occupy the said landlord’s

premises. We emphasise that the sale of electricity under the above circumstances, where such purchase

and sale is associated with the distribution of electricity, is subject to the local authority being licensed

by NERSA. NERSA has seemingly elected to act as it does, by reason of the administrative di� culties

which it would otherwise have encountered had it proceeded to licence each and every landlord, who

buys electricity from a local authority and who then on-sells the electricity to those individual tenants

who occupy the said landlords’ premises.

On the question whether every landlord should be required to be licensed, Professor Klees, who served

as a legal advisor for the Department of Energy, puts it thus:

“NERSA has apparently refrained from granting additional and separate trading licenses when the buying or

selling of electricity is associated with the generation or distribution of this electricity. Thus, it could be argued

that the buying or selling of electricity falls under ‘trading’ in terms of the ERA only when this is a ‘stand-alone’

activity and it is not an accessory of the primary activity, which already requires a licence from NERSA.”

The aforestated have resulted therein that landlords, involved in the reselling of electricity- generally

termed “resellers” - presently � nd themselves beyond the radar and authority of NERSA. As such their

activities fall outside the scope of NERSA’s power and its regulating framework.

Acting Chief Financial O� cer

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B. NERSA’S CONSULTATION PROCESS

More recently, on 9 February 2015, NERSA published a Consultation Paper on the Guidelines for

Electricity Reseller Tari� s (hereinafter “the consultation paper”). In this consultation paper, certain

guidelines are to be found which deal with non-licenced traders in electricity. In the consultation paper

NERSA also sets out its de� nition of a reseller. The de� nition reads thus:

“A reseller is ... a non-licenced trader of electricity (a person, corporation or organisation), that supplies electricity

to dwellings in high density housing complex; residential � at building, residential gated sectional title units

and/or free stands in a complex, shopping mall or shopping complex, commercial building(including o� ces)

and has the ability to meter its customers and provide a bill clearly stating the kilowatt hours consumed, the

tari� per kilowatt hour and the total amount charged.”

NERSA recognises that the resale of electricity by a reseller remains “unlicensed or unregistered”, thus

resulting in resellers falling within an unregulated business activity from a regulatory point of view.

Recognising that there exists this major gap in the authority of NERSA and its processes of prescribing

tari� s to be charged by resellers of electricity, NERSA advises, that it proposes to focus on developing

guidelines which will provide for the tari� s to be charged by resellers of electricity. This, albeit a

welcome recognition, unfortunately con� rms that reseller activities, for the present moment, falls

outside the ambit of NERSA’s control. This is likely to remain the position until some or other form of

regulatory framework has been established which recognises and deals with resellers and the resale

of electricity by resellers.

Interestingly though, NERSA suggests that licensees- which of course include local authorities,

municipalities and other forms of local government should not be prescribing tari� s at which resellers

should charge out electricity to the end-consumer. The aforesaid is subject to one important proviso

in the consultation paper, namely that the tari� s charged to customers who are supplied by resellers

“should be similar to those that are charged to customers supplied by the /licensee”

The above proviso is however in con� ict with what is provided elsewhere in the consultation paper.

Paragraph 35 provides for municipalities to conclude service level agreements with those resellers

who own properties in the area and who are involved in the reselling of electricity to occupants of

individual units. Paragraph 36 proceeds to deal with the terms which such a service level agreement

should ideally contain. Paragraph 36(i) provides that the reseller’s pricing structure, should mirror the

local authority’s approved structure, whilst paragraph 36(n) in turn provides that the tari� structure,

according to which electricity is resold by resellers, “must be identical to the approved tari� rates and

tari� structure” applicable to a consumer who receives electricity directly from the local authority.

Signi� cantly and of greater importance to property owners, the consultation paper recognises and

provides for an agency fee or a “bulk tari� discount rate” which a local authority may extend to or

a� ord a reseller. It stands beyond contention that NERSA is aware and appreciative of the fact that

a reseller of electricity will by necessary implication incur expenses and other costs which arises

from the supply of electricity. These expenses and costs may arise or relate to an array of issues,

inter alia, including maintenance, meter reading, billing and the recovery of payments due. It would

appear that the aforestated agency fee or bulk tari� discount rate is directed at remunerating a

reseller for the above. Ideally NERSA’s proposal should facilitate a situation where a consumer, who





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receives electricity from a reseller, will pay the exact same tari� per kilowatt amp than what any other

consumer, who may be receiving electricity directly from a local authority, will be paying. The reseller

should however be reimbursed for its expenses by the bulk tari� discount rate it receives. It is only

on such an interpretation that clause 36(p) of the consultation paper would make commercial sense.

It is to be noted that the Electricity Regulation Amendment Bill no longer includes “trading” as one of the

requirements for which a licence is to be issued. Accordingly trading will in future be dealt with as an unlicensed

activity, unless of course it pleases the Minister to determine otherwise. The proposed amendment addresses

the present unsatisfactory situation where resellers are, on a strict interpretation of the ERA, required to be

licensed. However, as previously explained, NERSA by reason of the complications involved in the process of

licensing a litany of resellers, seemingly absolved resellers from the requirement to be registered as licensees.

How the Electricity Regulation Amendment Bill proposes to deal with the prescription and enforcement of

tari� s and tari� structures is at present still not clear. Under the ERA, as presently worded, the only manner in

which tari� s can e� ectively be regulated upon is by a strict enforcement of the licensing process. This may be

achieved by requiring all resellers to register as licensees. The Regulator can then compel resellers to adhere to

the prescribed tari� s, under threat of having their licenses cancelled.

From the summary above, it should be more than apparent that resellers of electricity which include those

landlords who on-sell electricity, which is supplied to them by a local municipality - fall beyond the realms

of NERSA’s present regulatory power. As such there exists no e� ective form of control nor is there any other

mechanism in place which is directed at ensuring that these resellers do not charge exorbitant tari� s.

In my opinion it falls squarely in the hands of either NERSA or the National Legislature to regularise the

situation which NERSA has allowed to develop. It most certainly does not fall within the powers of any

local authority, like the City of Tshwane, to regularise the situation. The City of Tshwane has in terms of

the ERA no authority to regulate upon or to prescribe tari� s at which resellers may on-sell the electricity.

C. THE SYSTEMS ACT

It is noted that when publishing the aforestated resolution in the Provincial Gazette, the City of

Tshwane a� ected the said publication pursuant to the provisions of Section 75A(3) of the Local

Government : Municipal Systems Act (hereinafter “the Systems Act). The publication contains and

deals with the new tari� s the City will be charging. It is however in this very same publication of its

new tari� s that the Cityof Tshwane then purports to introduce a tari� structure to be adhered to by resellers.

By purportedly introducing penalties and by providing for � nes to be imposed on resellers who do not adhere

to the tari� s to be charged, the City then seemingly seeks to enforce compliance with its tari� prescription.

Section 75 A falls under and forms part of chapter 8 of the Systems Act. Chapter 8 is however limited in its scope, as it

only deals with municipal services and the tari� s which a local authority may charge for services. In terms of Section 74,

a municipal council must adopt and implement a tari� policy dealing with the levying of fees payable with reference

to municipal services. Section 75 proceeds to provide that a municipal council is required to adopt bylaws in line with

its tari� policy and to provide for the implementation thereof. Chapter 8, at best, authorises a municipal council to levy

and recover fees, charges and tari� s. These fees, charges and tari� s need to be levied by a municipal council in terms

of a resolution passed by the municipal council, duly supported by the majority of votes passed by its members. Look

as one may in chapter 8 of the Systems Act, one will not � nd any provision which entitles or authorises a municipal

council to prescribe tari� s to resellers or to impose a tari� at which resellers are directed to resell the electricity which





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• On 1st of July 2014 Sections 1 to 32 and 53 to 61 of SPLUMA would come into operation.

• On 1st of September 2014 Sections 33 and 52 of SPLUMA would come into operation.

b) It has however come to our attention through the various benefi cial forums that have been

established by the Department of Rural Development and Land Reform that various provinces and

municipalities have challenges with the set implementation date for SPLUMA which is 1 September

2014. These challenges are due to issues such as a lack of capacity and the fact that some provinces do

not have by-laws in place. The suggested implementation date by the provinces and municipalities

for SPLUMA is 1 February 2015.

c) It was suggested, which we are in support of, in principle that a Diff erentiation Model be considered

where most of the metropolitan municipalities can implement SPLUMA in its entirety on the set date

as they do not have capacity problems and are better positioned to implement SPLUMA. Further,

that it could serve as a cross-learning exercise where the other municipalities would learn from the

metropolitan municipalities in terms of implementation challenges and successes.

d) However, should this not be a possibility, we are of the view that should a new date be set for

municipalities readiness, such time should not be in the distant future as this would certainly not be

in the best interests of the country.

e) In light of the aforementioned recommendation we are of the view that Section 60 of SPLUMA

should be prioritised and implemented as a matter of urgency due to the negative impact it has for

both the public and private sectors and essentially the country.

f ) We humbly refer you to the transitional provisions provided for, more specifi cally Subsection (2)

which states that “all applications, appeals or other matters pending before a tribunal established in

terms of Section 15 of the Development Facilitation Act, 1995 (Act No. 67 of 1995) at the commencement

of this Act have not been decided upon or otherwise disposed of must be continued and disposed of in

terms of this Act.” It is the implementation of this very provision that will begin to aid both sectors in

making a contribution towards the economy.

We thank you for your assistance herein and look forward to hearing from you.

Yours faithfully,

________________________Neil GopalChief Executive O� cer

c) In light of the aforementioned objectives we have had concerns from of our members in

their capacity as property owners regarding certain aspects of the implementation of the Act.

We would therefore like to highlight our concerns regarding the prejudicial effect or

unintended consequences on the commercial property industry as a result of such

implementation which in essence have social and economic ramifications.

d) We note that Part 7 of the Act states the following:

“In considering the application a responsible authority may require additional information

from the applicant, and may also require the applicant to undertake an environmental or

other assessment, which assessments may be subject to independent review.”

Although we are in agreement with the abovementioned section it is our understanding that

the issuing of Water use Licenses (WULAs) which are required for any activity which occurs

within 500m of a watercourse has become problematic. This process has been proven to be

complex, lengthy and uncertain. There seems to be an issue of potential over regulation as

despite having an Environmental Impact Assessment approval and planning approval

construction activity is suspended if one does not have a WULA. Further the timing to get

approval is often lengthy and this directly has a major impact on development and being able

to meet timeframes required by tenants and occupants.

e) We would kindly like clarification on the issue of the river reserve determination as we

have been advised by the eThekwini municipal officials that the municipality is unable to

obtain approval for any new water treatment works or for any expansion of an existing works

as the Department have decided that they want to now do river reserve determinations for all

the rivers between the Mvoti and Umkomaas and that until this is completed the Department

will be unable to approve any activity which changes the flows in any of the rivers. This will

negatively impact property owners, developers and farmers.

We would like to establish how long the process will take and get an understanding of the

extent of the ecological requirement for the aforementioned process.

We shall appreciate being provided with three (3) alternate dates to choose from on which

you will be available to meet with the SAPOA delegation in order to find amicable solutions

to issues which essentially contribute towards disincentives towards investment in

Ethekwini. We thank you for your assistance herein and look forward to hearing from you.

Yours faithfully,

______________________

Mr Neil Gopal Chief Executive Officer


It is the implementation of this very provision that will begin to aid both sectors in



We thank you for your assistance herein and look forward to hearing from you.We thank you for your assistance herein and look forward to hearing from you.We thank you for your assistance herein and look forward to hearing from you.We thank you for your assistance herein and look forward to hearing from you.We thank you for your assistance herein and look forward to hearing from you.














We thank you for your assistance herein and look forward to hearing from you.We thank you for your assistance herein and look forward to hearing from you.We thank you for your assistance herein and look forward to hearing from you.

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2014/09/11 5:19 PM

the local authority sells to those reseller who fall within its municipal boundaries. Similarly there are no provisions to be

found which authorises a municipal council to impose or provide for a penalty to be imposed on a reseller who does not

adhere to the tari� s purportedly prescribed.

Turning to section 104 of the Systems Act, it is noted that the Minister is permitted to late regulate and issues guidelines

on an array of municipal matters. As is to be expected there is nothing contained in section 104 which even vaguely

permits the Minister to regulate upon the tari� s or the rates at which resellers of electricity may on-sell electricity.

Similarly the Ministers is not empowered to regulate upon the imposition of a � ne or any other form of penalty, which

may be imposed upon resellers who do not toe the line.

D. ULTRA VIRES

Our modern dispensation recognises and provides for National, Provincial and Local Government. Each of these spheres

of government have their own, separate and distinct powers. Bearing this in mind and turning more speci� cally to the

Constitution of the Republic of South Africa, we draw attention to Chapter 7 which deals with local government. Section

156 provides that a municipality “has executive authority in respect of, and has the right to administer- (a) ... matters listed in

part B of Schedule 4 and part B of Schedule 5; and (b) any other matter assigned to it by national or provincial/legislation”.

E. CONCLUSION

Unless it can be demonstrated that a local authority has the power and authority to regulate on electricity tari� s to be

charged by resellers, either in terms of the Constitution or some other form of National or Provincial legislation, the City

cannot and does not have the authority to do so.

The ERA is the applicable legislation dealing with the pricing and pricing structures insofar as it pertains to electricity. If

NERSA elected not to license property owners who are landlords and who independently meter the supply of electricity

to their individual tenants, then these landlords, for the moment, fall beyond the scope of the present powers of NERSA.

It most certainly does not fall within the power or the authority of the City of Tshwane, or any other local form of

government, to address or cure this situation.

Most importantly the City of Tshwane do not have the authority to prescribe to resellers what tari� s they may charge

their tenants with reference to the electricity consumed by such tenant. That having ben said, it by necessary implication

follows that the City of Tshwane also does not have the power to impose penalties.

Given the abovementioned assertions we would like the City to clarify its powers and the enabling legislation that

empowers it to implement such Tari� s. Further, in the interim we welcome any forum of engagement to discuss the

upcoming Resellers Tari� 2015/2016.

Further kindly take note that all our rights remain strictly reserved.

We thank you in advance and await your response herein.

________________________Neil GopalChief Executive O� cer



industry news

Sandton City’s new Diamond Walk, Africa’s definitive luxury and super-

luxury retail destination, opened to the public on 30 April 2015, adding yet another dimension to the ultimate shopping variety and experience on the continent.

This stylish walk is the chic home of the world’s most coveted luxury retail brands. Sandton City, on behalf of owners Liberty Group and Pareto Limited,

is proud to welcome the following luxury retail brands to the Diamond Walk: Prada, Dolce & Gabbana, Giorgio Armani, Burberry, Ermenegildo Zegna, Billionaire Italian Couture, Jimmy Choo, Tod’s, Louis Vuitton, Gucci and Arque Champagne Crescent.

“The dazzling new Diamond Walk strongly reinforces Sandton City as the prime luxury retail location in sub-Saharan Africa,” says Alex Phakathi, STANLIB Fund

Manager for the Liberty Property Portfolio. Already established as South Africa’s most desirable shopping destination, Sandton City offers an unparalleled retail experience with more than 330 shops in a contemporary, stylish setting. It is in the heart of the country’s most affluent playground and is the retail darling of Africa’s elite and fashion-forward.+27 (0)11 448 6000, Stanlib.com

Sandton City Diamond Walk introduces international super-luxury brands

Diamond Walk, Sandton City’s latest addition

Emira Property Fund has announced details

of its strategic conversion to an internally managed corporate REIT listed on the JSE. Emira Property Fund is presently a collective investment scheme in property, alternatively known as a property unit trust (PUT).

Emira Property Fund’s Chief Executive Officer James Templeton explains that by converting to a corporate REIT, Emira will simplify and improve its structure, trigger greater shareholder rights for its investors, and gain added functionality for its business. “Emira will be the same business with the same strategy, assets, management team and prospects but benefit from the foundation of a more streamlined and competitive structure that is better understood by investors worldwide,” he says.

Emira Property Fund is invested in a quality diversified portfolio of office, retail and industrial properties. Its assets comprise 148 properties worth R12,5-billion. It’s also internationally diversified through its direct interest in ASX-listed Growthpoint Properties Australia (GOZ), valued at more than R700-million, with total assets now at R13,5-billion.

In September 2010, Emira Property Fund effectively internalised its management company but, as a PUT REIT, needed to keep the legal entity of its external management company. In 2013 Emira Property Fund was granted REIT status by the JSE, and in 2014 (after extensive consultation) the FSB issued a document laying out the process for a PUT REIT to convert to a corporate REIT.

By converting to a corporate REIT, Emira Property Fund will remove its external management structure permanently and move its simplified business into a new

legal entity, called Emira Property Fund Limited (New Emira).

New Emira will be listed on the JSE as a diversified corporate REIT. As a corporate REIT, New Emira will no longer report to the FSB, but to the JSE instead. On 8 April 2015, Emira Property Fund posted a circular to its participatory interest (PI) holders, detailing the proposed transaction for it to become a corporate REIT, and called a general meeting of Emira Property Fund PI holders on 8 May 2015.

Should the resolution be passed, Emira PI holders will receive New Emira shares on a pro rata basis in the ratio of one New Emira share for every one Emira PI held, with trading to commence on 6 July 2015. +27 (0)11 028 3100, Emira.co.za

Emira is set to become a corporate REIT

James Templeton, Chief Executive Officer of Emira Property Fund

News Review_JUNE_RESUBBED.indd 10 2015/06/03 11:59 AM


industry news

Atterbury recently announced the creation

of a new technology company to drive its initiative to best understand consumer behaviour at shopping centres by engaging with customers through multiple digital media.

Combining the words Wi-Fi and Atterbury, the new company is known as FATTi and is managed by Adrian Maguire. Negotiations are currently at an advanced stage with a number of different mall owners, such as Attacq, to roll out this technology at various malls. FATTi has deployed a solution that enables site analytics, giving Atterbury and their partners’ retail property managers an all-round view of shopping centre performance and customer behaviour. This will help it create better shopping experiences, which means happier customers. The result? More enjoyable and better-performing shopping malls.

“In simple terms, never before has it been so easy to connect with specific visitor groupings,” says Maguire. “Promotions can be targeted at specific audiences, grouped by age, gender, interest, location and even the times they visit a shopping centre. Essentially we are merging the best of retail shopping with the best of online shopping. We know that it’s more important than ever for retail property professionals to be led by consumer changes. Fierce competition from Internet and other shopping channels, coupled with the increasing expectation for a memorable shopping experience, means that shopping centres need to do better to succeed. Those that monitor and respond to emerging customer patterns have the best chance of over-performing.”

By forming FATTi, Atterbury is poised to manage the changing

environment in shopping centres. FATTi’s cutting-edge cloud-based software combines information from a wide range of sources to provide Atterbury an unprecedented 360-degree view of its business. It also gives a unique insight into untapped opportunities across any single shopping centre, for Atterbury and their partners’ entire portfolio of retail properties.

“By deploying this software or app with the necessary hardware through our centres, a broad range of metrics has become available to our centre managers,” says Maguire. “With this, they can quickly calculate immediate priorities for attention, revealing previously unnoticed performance patterns and enabling sharper decisions.”

This is a 100% custom- made solution for Atterbury, developed by combining the talents of market leaders in different disciplines to create a single value proposition, which starts and ends with the customer. The value proposition uses information from a mall’s end-users to create completely personalised solutions that deliver the right message to the right customer at the right time. Combining the social benefits of the shopping environment and

Atterbury forms new technology company to lead shopping centres into the future

private digital channels, the bricks-and-mortar mall and its retailers can now interact effortlessly with visitors and potential visitors within the mall catchment area.

Thanks to FATTi, customers at Atterbury and their respective partners’ malls will be the ultimate winners. In the first joint venture, Atterbury and Attacq recently introduced this technology at their new, jointly owned R1,3-billion Newtown Junction shopping centre in the Jo’burg CBD. Newtown Junction became the first mall where the FATTi solution went live in December 2014.

FATTi is being piloted at Newtown Junction and the initial results have been good. Other shopping centres set to follow include The Grove mall in Namibia, followed by Garden Route Mall, and Lynnwood Bridge Retail in Pretoria. Retailers at malls where FATTi is set to be introduced will benefit greatly too. Soon, all of Atterbury’s centres and those of their FATTi joint venture partners will offer retailers the power to unlock more meaningful omni-channel shopping experiences by seamlessly merging mall and online retail together.

“By allowing visitors to register and download the mall application, Atterbury and their partners can offer their tenants true benefits and convenience of loyalty-based promotions, discount tokens, mobile online payment for parking and access to world-class Wi-Fi,” says Maguire. “This is a typical package but benefits can be varied for each shopping centre. The app is optimised for iPhone and Android, with Windows next in line.”

Atterbury and its partners will also see rewards by ensuring every square metre of retail space generates the maximum return on investment. “Attracting visitor volumes isn’t enough,” says Maguire. “With FATTi, we aim to encourage a steady flow of traffic around every area of any centre. The next step is taking FATTi to market systematically. We’re looking at an aggressive roll-out that, at first, focuses on shopping centres larger than 25 000m². Of course, FATTi offers value for all sizes of shopping centres and even mixed- use developments but the benefits of analytics are exponential for larger malls, so this is the best place to start.”+27 (0)12 471 1600, Atterbury.co.za

Newtown Junction in the Johannesburg CBD is the first Atterbury mall where the FATTi solution went live in December 2014, and is currently being piloted

News Review_JUNE_RESUBBED.indd 11 2015/06/03 11:59 AM


industry news

Business Partners Limited recently launched two

specialised small and medium enterprise (SME) funds for the property sector: a Property and Property Joint Venture Fund, both aimed at driving property ownership and enabling entrepreneurs to grow their equity base.

Speaking at the launch in Johannesburg, Nazeem Martin, Managing Director at Business Partners Limited, a specialist risk finance company for formal SMEs, said that despite South Africa’s economic challenges, the local commercial property market continues to offer value for potential investors, and entrepreneurs in particular.

“It is anticipated that quality commercial and industrial properties in the country will continue to boast risk-adjusted yields above most other investment classes in the near future,” he says. “We therefore believe that commercial and industrial property remains an attractive investment for

entrepreneurs, either as a sound long-term investment or to secure tenure for their own business operations. The Business Partners Property Fund makes R200-million available to provide affordable finance for SMEs across all industries, allowing business owners to purchase and/or refinance their own business premises. No deposit is required for this type of funding, and the fund will offer 100% financing to qualifying businesses.

“Generally, conventional financiers require a cash deposit before financing a property deal. The Property Fund will cater to entrepreneurs with viable operating businesses, in existence for more than three years, who wish to purchase their own premises but who have limited capital or security to contribute, or do not want to compromise their business’s cash resources for the deposit.”

Martin says calculations show that by purchasing property for a business premises, business owners can save up to 50%

on premises costs over a 10-year period, without compromising the business’s cash resources. The R250-million Business Partners Joint Venture Property Fund will provide equity or term finance, or a combination of both, for the purchase of a multi-tenanted commercial, industrial or retail property valued between R2-million and R120-million.

Property investments in risk- adjusted good locations – those offering good growth and/or return on investment, preferably in metropolitan areas – will be considered for this fund, and property investors are able to play an active role in managing the investment but can also choose to be passive investors. The fund will also consider a viable property investment that has been over-geared and requires a restructuring of the existing debt, converting from a debt to equity finance model. “Business Partners Limited has extensive experience in dealing with Joint Venture partners’ specific needs, and has

a proven track record in maintaining successful and well-managed partnerships.”

Martin says the specialised funds form part of the company’s square-peg movement – a campaign aimed at providing further funding, support and mentorship for entrepreneurs with the aim to unleash South Africa’s SMEs. The campaign, launched in September 2014, will see the company introduce a series of specialised funds, each focusing on the upliftment of a particular local sector. To date, a R300-million Manufacturing Fund and a R150-million Education Fund have been launched. “With the launch of these new funds, we seek to achieve a greater developmental impact in the local SME sector,” says Martin. “This is to ensure that local entrepreneurs are able to play their rightful role of generating wealth, growing the economy and creating jobs.”+27 (0)11 713 6600, Businesspartners.co.za

The Greenovate Awards – an exciting initiative launched

by Growthpoint Properties and the Green Building Council of South Africa (GBCSA) – are set to inspire and encourage students of the built environment to discover, explore and invent ways to live more sustainably. It’s a competition in which everyone wins.

Werner van Antwerpen, Head of Utilities and Sustainability at Growthpoint Properties, South Africa’s largest JSE-listed REIT, explains the Greenovate Awards will introduce university students to the thinking behind green building and encourage them to take it forward, into a better, greener future. “The built environment has a major impact on the environment and sustainability,” he says.

“With the Greenovate Awards, we want to recognise excellence and innovation in students’ own understanding of green principles for the built environment, across all aspects and disciplines.

These aspiring young professionals can potentially transform the way we live, with gentler impacts on the world around us. The Greenovate Awards will link environmental challenges to innovative thinking.” According to the GBCSA’s Chief Executive Officer Brian Wilkinson, besides igniting a new wave of green thinking, the aim of the programme is to educate as many property, construction and quantity-surveying third-year and honours students as possible in green building principles.

This includes awareness of South Africa’s own Green Star rating system. “We want to encourage students to learn about green building and sustainability early in their career,” says Wilkinson. “Investing in the youth is investing in our future. These are tomorrow’s leaders who will take the green building movement forward and ensure it continues to innovate and inspire. Essentially, we want them to enter the market as advocates for green building with a passion to create better, more sustainable cities, towns and neighbourhoods. We’re excited at the incredible potential of the programme.”

The awards programme will be set up and piloted at

the University of Cape Town, University of the Witwatersrand and University of Pretoria, and the competition will test the interest of both students and faculty. Yet, just like their vision for environmentally innovative thinking, the founders see the awards programme becoming much, much bigger.

If the pilot is successful, it will be rolled out to all universities in the country with the appropriate built environment faculties. For its inaugural programme, organisers are looking not only for smart green thinking but big thinking too. The challenge is for students to come up with ideas that would result in a research project that promotes a more sustainable built environment.

SME property funds launched to drive entrepreneurial investment in South Africa

Greenovate Awards: a first for South Africa

News Review_JUNE_RESUBBED.indd 12 2015/06/03 12:00 PM


industry news

In a double coup for the V&A Waterfront, the Green Building Council of South

Africa (GBCSA) has awarded both Victoria Wharf and the property’s BP Building 4-star “Existing Building” ratings, reflecting the buildings’ high-level environmentally friendly and sustainable operating efficiency. Victoria Wharf and the BP Building join the Silo District’s No.1 Silo, which was awarded South Africa’s first ever 6-star “As Built” rating last year, making the V&A Waterfront possibly the greenest precinct in Cape Town.

“Sustainability is an integral part of operations at the V&A Waterfront, and we are committed to leadership in sustainability practices in both our future and current development plans,” says David Green, CEO of the V&A Waterfront. “We are thrilled with the addition of Victoria Wharf and the BP Building to our green-rated buildings because we believe it shows follow-through on our environmental promises, and genuine commitment to leaving a sustainable legacy for future generations.”

The V&A Waterfront’s Victoria Wharf, which houses the bulk of retail trade at the Waterfront in 70 000m2 of floor space, is the first shopping centre in South Africa to be awarded a 4-star green rating.

Similarly, the 9 000m2 BP Building was the first commercial-scale office development in Cape Town that consciously encompassed green building principles in its design and construction.

Both green-star ratings will be valid for three years before the GBCSA’s assessment must be repeated to ensure the sustainability practices have continued. The GBCSA’s ratings are determined by a building’s performance in nine categories: management, indoor environmental quality, energy, transport, water, materials, land use and ecology, emissions, and innovation. Each category is divided into credits, which address initiatives put in place to improve a building’s environmental performance.

Victoria Wharf achieved an outstanding 53 out of 59 potential points, leading to its 4-star rating. Not to be outdone, the BP Building received 45 out of 49 points, which also led to its new 4-star rating. “Green” features in the buildings include drip irrigation, lighting controls, electrical sub-metering, a high-performance chilled water plant, use of natural lighting and, importantly, the introduction of a Green Lease Tenant Criteria Reference Manual, ensuring that not only are the buildings

sustainable, but that their tenants enhance the ecofriendly environment. +27 (0)21 425 2426, Waterfront.co.za

Double coup for V&A Waterfront in latest green building rating awards

These can be applied to any aspect of a building; design, development, planning, construction, materials – anything that makes the way we live greener and our environmental

footprint lighter. Round one of the competition will take place internally, and each university’s panel will select the top two projects submitted by student groups.

“Collaboration between different departments will be allowed,” says Van Antwerpen. “We really hope to see students placed in an environment that requires the use of an integrated approach to problem solving with a shared vision across all disciplines in the built environment.”

Workshops with industry professionals will run from March to September, and the top six projects will be selected by mid-November. The top six groups will then have an opportunity to present their projects to a panel of industry

experts selected by the GBCSA and Growthpoint Properties. A gala dinner and prize-giving will be held on 26 November 2015 to announce the overall winners. The winning group will receive the prize of a big stack of greenbacks for their big green idea – R30 000 in cash. They’ll also get to present their research to leading built environment professionals at the annual GBCSA Green Building Convention.

But the benefits of participation go far beyond the prize. The programme will also provide students with an opportunity to work with leading industry thinkers and possibly expose them to exciting employment opportunities. It will give leading companies direct access to real talent.

Students will also be exposed to the Green Star SA Accredited Professional programme (GSSA AP), which will be made available to entrants at a discounted student rate.

“This includes a supported online course and a face-to- face workshop,” Wilkinson says. “On completion of the GSSA AP programme, students will then have the choice to go ahead and complete the online exam and become a GSSA AP and though it is not compulsory, it is definitely recommended. Importantly, everyone is a winner when innovation for a greener, healthier, more sustainable environment is nurtured – and this is exactly what the Greenovate Awards are setting out to do.”+27 (0)11 944 6598, Growthpoint.co.za; +27 (0)86 104 2272, Gbcsa.org.za

Werner van Antwerpen, head of utilities and sustainability at Growthpoint Properties



industry news

Growthpoint Properties has concluded a deal with Tiger Brands’ milling logistics

division to take up 4 600m² of business space on a three-year lease within its new R55-million Range Industrial Park development in Blackheath, Cape Town. Tiger Brands’ new premises comprises a large warehouse as well as 400m² of offices, situated at this well-located Growthpoint development.

“We’re delighted to welcome Tiger Brands to its new premises,” says Riaan Munnik, Development Manager at Growthpoint Properties. “Its tenancy at Range Industrial Park supports its business operations and confirms Blackheath’s status as a top business area.”

With this transaction, Range Industrial Park is now 50% let. The remaining half of the development is ready for other leading businesses to occupy. Growthpoint acquired this strategic property, which consisted of an existing building of 6 300m² and 1,4 hectares of vacant land, in late 2013. It has developed the vacant site into modern industrial warehousing space supported by offices.

Munnik says the vision was to create sought-after big-box warehousing, ideal for storage and logistics operations. Engelbert Binedell, Divisional Director of the Industrial Sector for Growthpoint Properties, believes the Range Industrial Park development correlates perfectly with Growthpoint’s opportunistic approach to developments. “Blackheath is a growing node with increasing demand,” says Binedell. “We have taken a functional asset and bolted on a new development. The completed product has extracted underlying value.”

This is exactly what Growthpoint Properties has achieved by including features such as

free-standing stacking height of six metres and a maximum stacking height of eight metres. Each warehouse unit has its own fully finished office component complete with dedicated entrance lobby and staff amenities that include toilets and showers.

Range Industrial Park is a secure, access-controlled environment. Growthpoint also ensured the development is flexible and has the ability to customise premises to meet the unique requirements of a business. “As a leading company that strives for best practice, safety is an important issue for Tiger Brands,” Munnik says. “We have helped it reinforce its commitment to safety with some special features for its premises.”

Munnik adds that, in addition to being a quality modern property that offers very affordable rental with modern office space, a big factor contributing to Range Industrial Park’s appeal is its exceptional location.

Ideally located in Cape Town’s growing and highly sought-after Blackheath industrial node, Range Industrial Park is situated on the corner of Range and School roads, near the R300, which is the major link between the N1 and N2 highways, with easy access to both.

In addition, the property is in close proximity to public transport and is a mere 200 metres from the Blackheath train station. The area is serviced by the Blackheath City Improvement District, which includes top-up security and cleaning services. “This node is experiencing significant renewal, thanks to its management as well as improvements to its roads and landscaping,” says Munnik. “Another attractive feature of Range Industrial Park is that it includes opportunities for expansion, making it the ideal platform to support businesses along their growth journey.”+27 (0)11 944 6000, Growthpoint.co.za

Growthpoint secures Tiger Brands for Range Industrial Park in Cape Town

Niche retail real estate investment trust (REIT),

Fairvest Property Holdings Limited recently announced that it has entered into an agreement to acquire two key shopping centres, Middestad Centre and Mega Park in Bloemfontein’s non-metropolitan consumer market, for a total consideration of R229-million. The acquisition will be funded via a combination of debt and/or equity.

Middestad Centre is a 19 943m² shopping centre, centrally located in the heart of Bloemfontein’s central business district. It is a well-established centre within a strong demographic area, with sound trade and an emphasis on pedestrian clientele. Mega Park is a 5 963m² shopping centre located in South Western Quadrant of Bloemfontein. The centre borders Oranjesig,

which can be characterised as a typical transition area surrounding the Bloemfontein central business district. Mega Park is also situated opposite the Show Grounds, which is identified as a smaller emerging node. Both properties have been acquired at a favourable forward yield of 10%.

“Fairvest’s strategic focus is on retail properties in the high- growth, lower-LSM consumer

market, providing investors with access to this attractive underdeveloped end of the property market,” says the company’s Chief Executive Officer Darren Wilder. “Our latest acquisitions represent a pleasing fit within the company’s portfolio; the successful conclusion of the transaction would assist Fairvest in maintaining its superior distribution growth.” +27 (0)21 276 0800, Fairvest.co.za

Fairvest to acquire a new property portfolio

Growthpoint Properties’ Development Manager Riaan Munnik (left) with At Sonday, Growthpoint Properties’ Industrial Portfolio Manager, at the company’s new R55-million Range Industrial Park development in Blackheath, Cape Town. Tiger Brands has secured 4 600m² of business space in the park



interview

SAPOA DPS S.A PROP AD (420X297).pdf 1 2/26/15 10:11 AM



interview

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be proud to bank on, as we return to reemerge in a new sector — property

asset management. Find out more about our attractive incentive schemes

by scanning this QR code with your smartphone now.

Download Quick Scan free from the App Store or Google Play.

SAN19013_The Power of Two_DPS (SAPOA Magazine).indd 1a4 ad template.indd 28 2015/06/03 11:09 AM


interview

WealthsmithsTM

When two forces strive together to achieve a common goal, there is collaboration. Collaboration doesn’t merely mean that output is doubled. It means that capacity is multiplied; that your strength supplements my skill set, and that my strength enhances yours. Diversity. Purpose. These things drive us forward. Weaknesses decline. Assets accrue. Unity is strength. Unity is power. Power, not because we are two, but because we have become two times two. The Power of Two. That’s our foundation. That’s our philosophy, our code — our success formula.

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Here’s to the power of you, the power of Sanlam Properties, and the Power of Two. Visit sanlamproperties.co.za today to see how we can work together.

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When two forces strive together to achieve a common goal, there is collaboration. Collaboration doesn’t merely mean that output is doubled. It means that capacity is multiplied; that your strength supplements my skill set, and that my strength enhances yours. Diversity. Purpose. These things drive us forward. Weaknesses decline. Assets accrue. Unity is strength. Unity is power. Power, not because we are two, but because we have become two times two. The Power of Two. That’s our foundation. That’s our philosophy, our code — our success formula.

Introducing Sanlam Properties. Newly emerged as a key player in the property sector, we are ready to reclaim our position as leaders in the property market, set to raise the benchmark, and geared to go to great lengths to deliver winning results.

Here’s to the power of you, the power of Sanlam Properties, and the Power of Two. Visit sanlamproperties.co.zawork together.

Acceleration through collaboration

THE POWER OF TWOSanlam Properties

2015/04/30 10:14 AMa4 ad template.indd 29 2015/06/03 11:10 AM


education, training and development

As part of its education strategy for 2015, SAPOA

participates in industry career promotions at school and university level on a national basis. The objective of the participation and exhibitions is to promote property careers as the careers of choice to young people in order to attract them for the future sustainability of the commercial property industry.

It is now that time of year when various SAPOA regions identify schools in their area where presentations will be made to Grade 10 to Grade 12 learners to introduce the commercial property industry and the various careers in commercial property.

SAPOA will also participate in various university career days. The universities arrange for learners to be transported from various urban schools and rural areas to the campuses, where the organisation participates in promoting property careers. This initiative works very well as SAPOA is not only able to reach more learners and students in order to promote the industry, but learners also get exposure to more faculties, careers and employers in the industry.

SAPOA developed a property careers booklet that is handed out at the school career days. This booklet outlines various careers in property management and property development. Each career listed in the booklet is explained in terms of purpose and specific outputs of the career in the commercial property value chain; the minimum requirements for tertiary education; what degree/s can be registered for that

Martin Ferguson is SAPOA’s HR, Education, Training and Development Manager

Promoting commercial property careers

will support the career; and which universities offer the degree/s. The booklet also outlines the competencies, skills and knowledge required for the specific career path.

SAPOA has also developed a student handbook that is handed out at school career days and university career days. This handbook features profiles of people who made their mark in the property industry and provides advice for potential students. The handbook also features past SAPOA bursary students who have started careers in the property industry.

The handbook further introduces students to the SAPOA Property Students Forum, a forum that endeavours to create an interface between property students and the property industry. This helps SAPOA to stay in touch with students at university level who will potentially be future property industry employees.

Finally, the handbook profiles SAPOA’s member companies that offer bursaries, internships and graduate programmes. We believe the SAPOA booklets will help the students to make an informed decision regarding a career in the commercial property industry.

It has been our experience in the past that learners and teachers showed much interest in the careers in the commercial property industry. We sincerely hope to see an improvement in the registrations for property-related studies at South African universities in the future.

One of the challenges identified is that many students at matric level do not have mathematics or science, or they have mathematics literacy that will create a problem for them in enrolling in property-related fields of study such as BCom, BSc or legal study directions.

We further believe the career days should target learners from Grade 9 – they will have a clearer idea of what subject choices to make for their senior years at school as this directly affects their future choices.

Last year, the Association of Built Environment Students hosted its first-ever Connect Career Day and Conference in the Western Cape, which gave students an opportunity to connect with companies from the property industry and learn more about the industry. SAPOA attended the Career Day, which was a great success.

SAPOA wishes to thank all its Regional Secretariats, the SAPOA Education, Training and Development Committee, SAPOA employees in the HRD Department and, mostly, our members for the time and effort they put in by attending and participating in the career days. Without your commitment, they would not be possible.

For more information, please contact:

Martin FergusonHuman Resources, Education, Training and Development Managert: +27 (0)11 883 0679 e-mail: [email protected]

SAPOA’s Career Days foster careers in the commercial property industry

HR_JUNE_SUBBED.indd 18 2015/06/03 12:02 PM


interview


PROPERTYR E V I E W

October 2013

South African P

roperty Review

Project m

anagers October 2013

Showing off modernityHertford office park

INVESTMENT FUNDINGVunani’s quest for true value

FACILITIES MANAGEMENT

It’s all about integrated service

SANDTON CITY MOVES UP A GEARMuller mulls over retail offerings

PROPERTYPROPERTYPROPERTYThe Africa series:

our monthly

country-by-country

focus


PROPERTY

Showing off modernityHertford office park

In hand and online, SAPOA’s South African Property Review has a far-reaching appeal - not only does the print version get mailed to

a 2000+ targeted database, it also enjoys a monthly online impression rate of over 3675 hits, with an average read of upwards of six

minutes per issue.


PROPERTYR E V I E W

November 2014

South African P

roperty Review

Property funds N

ovember 2014

HYPROP On the up and up

WHO’S YOUR CHINA?

Is Asia’s fortune cookie crumbling?

EYE on AFRICAKenya: still a

market to watch

RETAIL PROPERTY TRENDS

Keeping ahead of infl ation

PROPERTY FUNDSRising prosperity

WHO’S YOUR

The

WORLD series ● Our monthly country-by-country focus ●

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PROPERTYR E V I E W

October 2014

South African P

roperty Review

Property and Facilities M

anagement O

ctober 2014

Broll: Africa’s sought-after regions

WORLD SERIESBrazil: own goal or prosperity?

ENERGY The cost of keeping

the lights on

FACILITIES MANAGEMENTWho holds the purse strings?

Tanzania: untapped and opportunistic

The Africa series:

our monthly

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focus

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PROPERTYR E V I E W

September 2014

South African P

roperty Review

Green property Septem

ber 2014

dhk GOING GREEN

Portside

It’s all the RAJ

SUSTAINABILITYHow does your garden grow?

THE GREEN REVOLUTIONCommercial property greening pioneers set the sustainability tone

AFRICA FOCUSNigeria leading the African economic field

The

WORLD series l Our monthly country-by-country focus l


PROPERTYR E V I E W

August 2014

South African P

roperty Review

Wom

en in property August 2014

BBDO: an empowered and trendy work space

AUSTRALIATaking a look Down Under

BOMANetworking internationally

MOTHER LOADTaking a stroll through the Mother City’s CBD

SAPOA’s FEMALE PRESIDENTSPast and present

AUSTRALIA

The


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PROPERTYR E V I E W

July 2014

South African P

roperty Review

46th Annual SA

PO

A International C

onvention and Property Exhibition: report back and Innovative Excellence A

wards July 2014

Innovative Excellence

AwardsAnd the winners are…

WORLD SERIESGlobal markets in the hot seat

AFRICAAngola: oil-rich and growing fast

REAL ESTATE and the

South African economy

OVERALL

WINNER

YOUR NEW PRESIDENTMeet Amelia Beattie


PROPERTYR E V I E W

December 2014 /January 2015

South African P

roperty Review

CSI and education D

ecember 2014 /January 2015

EYE ON AFRICAUganda: prosperity and heightened development

PAYING IT FORWARDCorporate social

investment: not just for seasonal goodwill

PROPERTY TRENDSThe industrial sector revolution: alive and well

MOTHER CITY HOSTEDSAPOA meets the Mayor

PRESIDENT’S MESSAGEAmelia Beattie reflects

on the year to date


R E V I E W

June 2014

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roperty Review

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PO

A International C

onvention and Property Exhibition June 2014

Making a di� erence� e 46th Annual SAPOA International Convention and Property Exhibition

HARBOURING SUCCESSThe V&A: a destination in its own right

MOTHER KNOWS BEST

Diving into opportunities

in the Mother City

BOWING OUTEstienne de Klerk

on a year of legislation, tabled motions and a

commitment to education

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PROPERTYR E V I E W

May 2014

South African P

roperty Review

Urban design and regeneration M

ay 2014

Commuter AXIS to Jo’burg’s rail network

NEW LEASE ON LIFEUrban regeneration and

spatial transformation change the game

EYE ON AFRICAMauritius:

sun, sea, sand and citizenship

DEVELOPING AGAINSTTHE GRAIN

Harvesting studentaccommodation

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April 2014

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roperty Review

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pril 2014

AMAzing contemporary architecture

RICSA female-

president fi rst

AFRICAMozambique: more than

prawns and beaches

THE BIG DEALThe point when growth changes the way of doing business

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PROPERTYR E V I E W

March 2014

Taking ‘Atvantage’ of great project management

AFRICA SERIESZimbabwe:

time to play the market

THE WORLD UNDER CONSTRUCTIONConstruction management:a pillar of development strength

South African P

roperty Review

Construction m

anagement M

arch 2014

REPORTING ON AFRICATaking a constructive approach to Africa’s future

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PROPERTYR E V I E W

February 2014

ArchitectureNew-age aesthetics

AFRICA SERIESBotswana: from rags to riches

EMERGING MARKETSAffordable housing and student accommodation

South African P

roperty Review

Architects and architecture February 2014

GAUTRAINUnlocking the property pipeline



PROPERTYR E V I E W

February 2014

ArchitectureNew-age aesthetics

AFRICA SERIESBotswana: from rags to riches

EMERGING MARKETSAffordable housing and student accommodation

South African P

roperty Review

Architects and architecture February 2014

GAUTRAINUnlocking the property pipeline



PROPERTYR E V I E W

December 2013 / January 2014

Alice Lane on showA wonderland of aesthetic excellence

AFRICA SERIESNamibia in focus

BANKING ON DESIGNSetting new standards in interiors

South African P

roperty Review

CSI and interior design D

ecember 2013 / January 2014

PROPERTYs

ssssss

ssssss

ssssss

sssss

MEET

THE MAYORS

Parks Tau

Patricia de Lille

CSIAre you doing

your bit?


PROPERTYR E V I E W

November 2013

South African P

roperty Review

Engineers & quantity surveyors N

ovember 2013

Banking on green investmentsMore than just finance

CAPE TOWN CBDCity development open for business

ECOFRIENDLY MASTERPIECE

Efficiently showing off engineering and

design aesthetics

GOING THE EXTRA GREEN MILEA very real passage towards sustainability

PROPERTY

Getting your brand noticed by the leading decision makers in South Africa’s commercial property industry - you know it makes sense

Published by SAPOA, Paddock View, Hunt’s End O� ce Park, 36 Wierda Road West, Wierda Valley, SandtonPO Box 78544, Sandton 2146

t: +27 (0)11 883 0679 f: +27 (0)11 883 0684 www.sapoa.org.za

Contact Riëtte Stevens - +27 (0)11 883 0679 - e mail [email protected]

www.sapoa.org.zaS O U T H A F R I C A N

PROPERTYR E V I E W

February 2015

South African P

roperty Review

Property developers, m

anagers, owners and urban designers February 2015

Transformation: the journey thus far

AFRICA SERIESEthiopia:

a phoenix rising?

GROWTHPOINTDriving transformation

REFURBISHMENTKeeping up

appearances

United Kingdom: a royal power

United Kingdom:

The


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PROPERTYR E V I E W

May 2015

South African P

roperty Review

The Annual SA

PO

A International C

onvention and Property Exhibition

May 2015

The REAL in real estateThe Annual SAPOA International Convention and Property Exhibition

Taking the High StreetThe City of Tshwane’s

iconic land auction

The year that wasAmelia Beattie refl ects

on her term as SAPOA President

South Africa’s playgroundWhat the City of Durban is doing for the country


PROPERTYR E V I E W

The year that wasAmelia Beattie refl ects

on her term as on her term as SAPOA PresidentSAPOA President

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PROPERTYR E V I E W

October 2014

South African P

roperty Review

Property and Facilities M

anagement O

ctober 2014

Broll: Africa’s sought-after regions

WORLD SERIESBrazil: own goal or prosperity?

ENERGY The cost of keeping

the lights on

FACILITIES MANAGEMENTWho holds the purse strings?

Tanzania: untapped and opportunistic

The Africa series:

our monthly

country-by-country

focus

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PROPERTYR E V I E W

March 2015

South African Property Review

Architects and interior design M

arch 2015

Empowered SpacesThe industrial “design” revolution

AFRICA SERIESRwanda’s riveting revival

WoodstockCape Town’s darling

of regeneration

Menlyn MainePretoria’s “Sandton” rises

The Philippines Islands of opportunity

The W

ORLD series ● Our monthly country-by-country focus ●

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legal update

Eugenia Makgabo is an Admitted Attorney of the High Court and Legal Manager at SAPOA

Don’t be left in the darkLandlords are cautioned to heed against the cutting off of tenant’s electricity

Landlords are constantly faced with frustration when tenants

do not fulfil their contractual obligations. This leaves the landlord in a situation where they could potentially be left out of pocket. A scenario that is popular is the non-payment of electricity by tenants.

In the Anva Properties CC v End Street Entertainment

Enterprises CC case (hereinafter referred to as the case), there is evidence of the above-mentioned conduct by a tenant.

Anva Properties CC (hereinafter referred to as the applicant) sought an order authorising it to terminate the electricity supply to premises in a building situated at 34-36 Riebeeck Street, Cape Town. The applicant owns the building and

End Street Entertainment CC (hereinafter referred to as the respondent) was one of the tenants occupying it.

The applicant pays electricity to the City of Cape Town and recovers that cost from the tenants. The respondent occupied the basement of the building since 2012, from where it conducted business as a bar and nightclub.

The respondent used electricity for its air-conditioning, refrigeration and lighting facilities, which were the primary requirements for the business to be functional. It was established that the tenant had not paid its electricity bill since September 2014; and that it is in arrears in excess of R300 000.

ConsiderationsThe respondent raised two defences. The first related to the validity of the lease and the second to the right to bring an action by the landlord.

● Firstly, it was contended that on the applicant’s own showing, the respondent was finally deregistered in 1998, long before it purportedly entered into a lease agreement with the applicant on 7 May 2012 to hire the premises. Secondly, the applicant has no locus standi to claim payment of any debt from the respondent because it has ceded all its rights to Nedbank Limited. Consequently it has no right to recover any amount under the ceded debt.

● It is settled law that deregistration puts an end to the existence of a corporate entity. No steps have been taken to restore the respondent to register

of close corporations, and even if these had been taken, the restoration of a close corporation under the Close Corporations Act No. 69 of 1984,

read with the Companies Act No. 71 of 2008, does not necessarily mean that all of its activities during the period when it was deregistered are automatically validated.

● Given the above-mentioned established facts it was recognised that no valid lease agreement was entered into between the parties, and that the applicant’s claim for the relief based on a lease purportedly entered into between the parties cannot succeed.

● Further, given that the respondent has been deregistered and that the lease agreement purportedly concluded is invalid, it is unnecessary to deal with respondent’s second defence.

Landlords are constantly faced with frustration when tenants do not fulfil their contractual obligations. This leaves the landlord in a situation where they could potentially be left out of pocket. A scenario that is popular is the non-payment of electricity by tenants

The only defences available to the landlord would be that the tenant failed to prove one of the two essential spoliation requirements, namely possession or dispossession, which would be a mammoth task

Legal Review_JUNE_SUBBED.indd 20 2015/06/03 12:07 PM


legal update

JudgmentThe judge held the following:

● The applicant is authorised to terminate the supply of electricity to the premises that the respondent occupies, situated at 34-36 Riebeeck Street, Cape Town, and from which the respondent conducts a bar and nightclub known as Decodance Underworld Nightclub.

● The occupant/s of the premises shall grant an electrician, appointed by the applicant, access to it in order to disconnect the electricity supply to the premises.

● The occupant/s of the premises is/are prohibited from tampering with any seal installed by the electrician, so as to reconnect the power supply to the premises.

● There is no order as to costs.

The interpretation of this judgment has been plagued with varied opinions, the most concerning view being that the judgment now gives all landlords the licence to single- handedly terminate electricity of defaulting tenants.

On the contrary, this judgment was passed in accordance with unique facts placed before the judge and the outcome took cognisance of same. This is a judgment that gives landlords comfort that there is recourse available in the event that a tenant does not pay for electricity supply, and could act as a deterrent for tenants who simply have disregard for their obligations.

This being the position, the law must be taken into consideration at all times during the existing relationship between the landlord and the tenant. The lawful avenue that should be taken with regards to the cutting off of electricity supply is via the courts, as evidenced by the applicant. In other words, a landlord must apply to court for an order to terminate the supply of electricity.

Should a landlord unlawfully cut off the electricity supply of a tenant, the tenant can immediately apply to the court for a spoliation order, also known as a mandament van spolie. The essential requirements for such an order entail the following:a. The applicant must allege

and prove that he was in peaceful and undisturbed possession of property.

b. The applicant must allege and prove that he was unlawfully deprived by the respondent of his possession.

The only defences available to the landlord would be that the tenant failed to prove one of the two essential spoliation requirements, namely possession or dispossession, which would be a mammoth task.

This order is clearly in existence to prevent landlords from taking the law into their own hands by dispossessing their tenants, the rationale being that the law does not leave room for people to act outside of its boundaries. An aggrieved person who could feel “entitled” to dispossess another is given an opportunity to do so during court proceedings and is allowed to bring the matter to court on an urgent basis. The judge will then assess

the rights and obligations of both the landlord and the tenant without any form of dispossession taking place before an order is made.

The historical principles underlying mandament van spolie were laid down in the judgment of Innes CJ in Nino Bonino v De Lange as follows:

“It is a fundamental principle that no man is allowed to take the law into his own hands; no- one is permitted to dispossess another forcibly or wrongfully and against his consent of the possession of property, whether movable or immovable. If he does so, the court will summarily restore the status quo ante, and will do that as a preliminary to any inquiry or investigation into the merits of the dispute”.

Further it was established in the Shoprite Checkers Ltd v Pangbourne Properties 1994(1) SA 616 (W) case where Zulman J stated the following:

“It is trite that the purpose of the mandament van spolie is to protect possession without having first to embark upon an enquiry, for example, into the question of the ownership of the person dispossessed. Possession is an important juristic fact because it has legal consequences, one of which is that the party dispossessed is afforded the remedy of the mandament van spolie…”

Landlords are urged not to take the law into their own hands by cutting off electricity but rather to allow the law to run its proper course, therefore eliminating any action being taken against the landlord. The courts have clearly shown that they will not take lightly to defaulting tenants and will assign proper measures to deal with such incidences.

As Rush Limbaugh profoundly states, “In order for the Constitution to work, you have to have law-abiding people. You have to have people willing to obey the Constitution, willing to follow the law.”

This legal opinion is only a guide and should not be copied with the expectation that it will serve each party’s individual circumstances. Most of these recommendations have not been tested in our courts. SAPOA cannot guarantee any success in any court if any of these recommendations are put to use.

As Rush Limbaugh profoundly states, “In order for the Constitution to work, you have to have law-abiding people. You have to have people willing to obey the Constitution, willing to follow the law”

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planning and development

The ability for the industry and the state to create integrated spaces that effectively bring together the elements of live, work and play with the intention of creating mutually inclusive communities, is indeed one of the major building blocks towards a transformed and healthy society.

Technology and its seamless integration into nearly every facet of our lives has made us more connected to one another. However, this has come at a price: we are constantly in a rush, always on, forever accessible and available on demand. The results, if not managed properly, could lead to exhaustion and long-term health complications.

The challenge this presents for the built environment is whether or not it is agile and adaptable enough to positively respond to the necessity for integrating and creating communities that are

Lekgolo Mayatula is SAPOA’s Planning and Development Manager

Creating integrated spaces

owned and managed by the citizens for their benefit, creating a one-stop design solution.

The one-stop design solution can be demonstrated through the establishment and implementation of managed precincts. South African has a variety of managed precinct collaborations, including city and business improvement districts, urban improvement precincts, special ratings areas, and management, property, lot owners and homeowners associations.

These collaborations are adaptable for both urban and rural developments and are, essentially, a collective and sustainable partnership between property owners in specific areas (or neighbourhoods or precincts) who agree to work together (with or without) their local authorities, to manage public spaces through the provision of a number of agreed-upon services, of which services such as cleaning, security, landscaping, maintenance, marketing and general place making are key components.

These management precincts are either established in terms of enabling legislation or voluntary management initiatives.

Although there are many benefits associated with managed precincts, such as the increase in property value, reduction in criminal activity, and the creation of vibrant, clean, economically viable neighbourhoods, the challenge is usually access to funding, which in turn allows for the sustainable operation of the managed precinct concept.

Managed precinct collaborations are often criticised (depending on their service offering) for interfering with the local municipalities’ ability to fulfil their mandate of delivering basic services to their citizens, but given the scarce resource availability within local government and the service delivery protests that have affected South Africa, such initiatives should be seen positively by government, as they allow for services to be rendered by the citizens via their established organisations and, they also reduce the burden on the strained municipal resources.

This in turn allows the municipalities to channel their resources to other major projects within their jurisdiction.

A phrase that strongly resonates within the property industry is live, work and play – a concept that both the public and private sector is striving to achieve

The positive contributions of well- managed precinct collaborations are represented in the core pillars of sustainable design, which are economically, socially, institutionally and environmentally connected

Managed precinct collaborations are

often criticised (depending on their service offering) for interfering with the

local municipalities’ ability to fulfil its

mandate of delivering basic

services to its citizens

The ability for the industry and the state to create integrated spaces that effectively bring together the elements of live, work and play with the intention of creating mutually inclusive communities, is indeed one of the major building blocks towards a transformed and healthy society

Town Planning_JUNE_SUBBED.indd 22 2015/06/03 12:10 PM


planning and development

Municipalities could also investigate and incentivise organisation or communities that effectively manage their precincts or neighbourhoods, and this could be done through introducing rates rebates as a beneficial trade-off.

The positive contributions of well-managed precinct collaborations are represented in the core pillars of sustainable design, which are economically, socially, institutionally and environmentally connected. Some examples of these are described below:

a) Economically ● Improved vehicular

and pedestrian traffic and attracting tenants to the area will drive business turnover and rentals.

● Stable tenants and increased rentals drive property values.

● The potential for better property values attracts new investment in all types of developments.

● Successful collaboration models can be replicated in other communities and this allows for their upliftment.

b) Socially ● Safety and cleanliness

improves movement in and use of public spaces, which promotes effective and creative usage.

● Establishing partnerships with social and welfare organisations helps communities deal with their social issues within their neighbourhoods.

● Place management builds communities.

c) Institutionally ● Enabling legislation allows

for the establishment and management of managed precincts, and provides an institutional framework and platform to facilitate collective and collaborative partnerships between property owners, and between local government and property owners.

● Managed precincts are more likely to access government funding in order to develop and upgrade key economic nodes.

● The collaboration empowers communities to speak in one strong voice, which is a great benefit when dealing with government and other stakeholders.

d) Environmentally ● Safety and cleanliness

improves the environment for those working in, living in and visiting the neighbourhoods/precincts.

● Managed precincts are an important mechanism in ensuring sustainable compliance with environmental legislation for all types of developments.

The concept of managed precincts has operated in South Africa since the mid-1990s. Over the years the benefits of this concept have produced great live, work and play areas. The Maboneng Precinct in Johannesburg, Green

Point Park in Cape Town and the KwaMnyandu Shopping Mall in Umlazi township in Durban are some examples of well-managed precincts that encourage the ethos of integrated spaces.

Even though South Africa still has a lot of catching up to do compared with developed countries such as the US, Canada and the UK, the underlying fundamentals of establishing management precincts are the same.

Managed precincts are formed to respond to a real or perceived need, and given the developmental path the country is on, it will not be long before we carve our own path and create an even wider range of collaborative management precinct solutions, which are bound to create more integrated and inclusive spaces.

Even though South Africa still has a lot of catching up to do compared with developed countries such as the US, Canada and the UK, the underlying fundamentals of establishing management precincts are the same

The concept of managed precincts has operated in South Africa since the mid-1990s. Over the years, the benefits of this concept have produced great live, work and play areas. The Maboneng Precinct in Johannesburg, Green Point Park in Cape Town and the KwaMnyandu Shopping Mall in Umlazi township in Durban are some examples of well-managed precincts that encourage the ethos of integrated spaces

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SAPOA President 2015/2016

24 SOUTH AFRICAN PROPERTY REVIEW24 SOUTH AFRICAN PROPERTY REVIEW

New President Revised_SUBBED.indd 24 2015/06/03 2:50 PM


SAPOA President 2015/2016

Meet Mike Deighton

Managing Director of Tongaat Hulett Mike Deighton was o� cially elected as the

new SAPOA President for 2015/2016 at the Annual SAPOA International Convention and Property Exhibition in Durban.

Head of STANLIB Direct Property Investments and Outgoing President Amelia Beattie handed over the Presidency to Deighton, wishing him well in his term.

“This has been a very special Convention for me,” said Beattie. Addressing Deighton, she added, “I wish you well and I pass on the challenge to further the SAPOA Bursary Fund and add to the R40-million raised thus far”.

“I am deeply humbled and privileged to be able to be SAPOA’s President for 2015/2016,” said Deighton on stage at Convention. He thanked Beattie for all her e� orts. “I would like to thank Amelia and all her hard work – I have huge shoes to � ll”.

He also paid tribute to SAPOA’s Chief Executive O� cer Neil Gopal, whom he dubbed “an inspirational leader”. “The advocacy we enjoy in the industry is thanks to Neil and SAPOA, and we are thankful for the organisation,” Deighton said.

Adding to Beattie’s “REAL in real estate” phrase, Deighton shared his thoughts on the REAL pillars.

“While relationships are critically important, research is just as crucial,” he said. “We need to collaborate on research with each other and with government in order to acquire better data that can help pull us together and help us move the country forward.”

In terms of the E, said Deighton, SAPOA must not lose sight of education. “Education is a central priority. We will be establishing a further initiative to see where we stand in terms of skills needs.

“With advocacy, we need to be advocates for success. Finally, leadership is key – leadership provides us with the ability to change our landscape and move things forward. We need to innovate and inspire.”

At Convention, Deighton announced the SAPOA Board of 2015/2016. “I am proud to be working alongside the SAPOA Board,” he said.

He paid homage to Growthpoint Properties’ Executive Director Estienne de Klerk, and Pareto Limited’s Chief Executive O� cer Marius Muller, who have both resigned as SAPOA Board members.

“To Estienne and Marius: you have had a great impact on the organisation and I commend you for your ability to juggle your executive duties and your service to our industry,” he said.

He also spoke of initiating a Lifetime Achievement Award Committee, which will recognise the stalwarts of the property industry. The award will be the most prestigious accolade, honouring dedication and excellence in leadership. The industry can look forward to the � rst award being presented at the 50th Anniversary of SAPOA in 2016.

Deighton’s humble reflection on the industry is its people. “It’s really about the people,” he said. “People make the difference. Risk is about people and their behaviour. In this world, humanity seeks an anchor.”

With his sights set on leading the organisation, newly elected SAPOA President Mike Deighton picks up from where Beattie left off

By Candace King

Deighton’s humble refl ection

on the industry is its people.

“It’s really about the people.

People make the difference.

Risk is about people and

their behaviour. In this world,

humanity seeks an anchor”

About Mike Deighton In 1984, Deighton quali� ed with a BCom (Hons) as a civil engineer and started his career with the Durban Municipality.

In 1995, Deighton moved into property development, joining Gough Cooper Homes, which later became Group Five Properties.

He was involved with Group Five Properties until 1999. In 2000, he joined Tongaat Hulett Developments as Development Manager; in 2005 he was promoted to Director: Commercial and Industrial Developments.

In March 2008, Deighton was appointed Managing Director at Tongaat Hulett.

FROM LEFT Managing Director of Tongaat Hulett and SAPOA President Mike Deighton, SAPOA Chief Executive O� cer Neil Gopal and Head of STANLIB Direct Property Investments and SAPOA Outgoing President Amelia Beattie

New President Revised_SUBBED.indd 25 2015/06/04 9:48 AM


SAPOA Board

David Green

❖ SAPOA InnovativeExcellence AwardsPieter EngelbrechtGrowthpoint Properties

❖ SAPOA BrokersJohn JackGaletti Knight Frank

❖ SAPOA Education, Training & DevelopmentNomvula PooeGrowthpoint Properties

❖ SAPOA NationalDevelopers ForumJohn MartiniProp

❖ SAPOA ResearchSanett UysJHI Properties

❖ SAPOA SustainabilityWerner van Antwerpen Growthpoint Properties

❖ SAPOA LegalDesirée NafteHyprop Investments Limited

❖ SAPOA Convention& Property ExhibitionDavid GreenProAfrica Property Services

❖ REITLilian BarnardMetope

❖ SAPOA GovernmentLiaisonDr Sedise MosenekeVukile Property Fund Limited

❖ SAPOA Property & Facilities ManagementNicole BaumgartenFinlay & Associates

❖ SAPOA Property Charter AlignmentMusa NgcoboOmanyuswa Spearheading Investments

❖ MOMFASean LiebenbergExcellerate Design and Projects

SAPOA Board

Meet the new team

SAPOA Committees

Nomzamo RadebePresident ElectManaging Director at JHI PropertiesAwarded the “Five Star Woman” award by the WPN in 2009, Nomzamo Radebe is a nonexecutive director of the Independent Regulatory Board for Auditors and of the South African Council of Shopping Centres. She is also a nonexecutive director at Munich Reinsurance Company of Africa Limited, a nonexecutive member of the SAPOA audit and risk committee, a trustee of the SAPOA Pareto Bursary Trust and a member of the board of the Property Sector Charter Council.

Mike Deighton, PresidentManaging Director of Tongaat Hulett DevelopmentsMike Deighton began his career with the Durban Municipality, later working in the consulting engineering profession. In 1995 he moved into property development, joining Gough Cooper Homes, and later Group Five Properties. In 2000, he joined Tongaat Hulett Developments as a development manager, where he was later promoted to director of commercial and industrial developments. In 2008, he was appointed Managing Director, making him responsible for property development.

Nomzamo RadebePresident Elect

Amelia BeattieImmediate Past President

Neil GopalSAPOA CEO

Dr Sedise Moseneke

Amelia BeattieImmediate Past PresidentHead: Direct Property Investments at STANLIBAmelia Beattie joined STANLIB in 2012 after more than 10 years at Old Mutual Property. She has extensive strategic and implementation experience in all property disciplines. A recipient of the WPN and Nedbank “Five Star Woman” award, she’s passionate about education, and is a founder and trustee of the WPN’s Education Trust, which promotes the education and development of young women in property studies.

Dr Sedise MosenekeExecutive Director at Vukile Property Fund LimitedAfter completing his bachelor’s degree in dental surgery in 2000, Dr Sedise Moseneke served in the SANDF as a lieutenant in the Burundi peacekeeping mission. Today he is the Executive Director at Vukile Property Fund Limited. Moseneke is also an elected board member of Nu-Way Housing Developments and Krisp Properties, and was a previous SAPOA president (2012/2013).

David GreenDirector at ProAfrica Property Services (Pty) LtdDavid Green is a Director at ProAfrica Property Services, which assists international corporates with all aspects of real estate in South Africa and much of Africa. Projects have included the largest industrial sale and lease-back disposal in sub-Saharan Africa, and the relocation of head o� ces in South Africa, Kenya, Ghana, Nigeria, Mauritius and Angola, among others. Green has been a member of SAPOA since 1982 and is currently the chairman of the SAPOA Convention committee, a position he has held for several years.

James AlingManaging Director at HL Halls & Sons (Pty) LtdJames Aling is the Managing Director at Halls Properties (the property development business of the Halls Group, based in Nelspruit, Mpumalanga) and the current chairperson of the SAPOA regional council of the Mpumalanga region. He aims to get the regional council well established and representative of the broader Mpumalanga region, and

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SAPOA Board

James Aling

Announced at the annual SAPOA International Convention and Property Exhibition, here are the newly appointed SAPOA Board and National Council members

❖ Western Cape Refqah Fataar Ho-Yee Smith Tabata Buchanan Boyes

❖ KwaZulu-Natal Edwin van Niekerk Max Prop

❖ Eastern Cape(Port Elizabeth)Mark BakkerBruce McWilliams Industries

❖ Eastern Cape (Bu� alo City, East London) Zoe ChagadamaDepartment of Public Works

❖ MpumalangaJames AlingHL Halls & Sons (Pty) Ltd

❖ GautengGareth SheppersonShepperson Attorneys

❖ LimpopoSumari de Ridder Mall of the North General Manager

Peter LevettIpeleng Mkhari Izak Petersen

see that City Improvement Districts get onto the SAPOA agenda as a sustainable approach to developing and/or revitalising healthy neighbourhoods and precincts in partnership with property owners and local government.

Je� ZidelIndependent Nonexecutive Chairman of Fortress Income FundJe� Zidel has been a successful property developer and investor, and has been involved in all aspects of the property industry for more than 40 years. He was three times Past President of the Roodepoort Chamber of Commerce. He was the winner of the 2010 Absa Jewish Achiever Award for Listed Companies. He was a co-founder of Resilient, is a Director of the South African Council of Shopping Centres and a non-executive Director of Nepi.

Ipeleng MkhariCEO of Motseng Investment HoldingsMkhari established the � rst black-woman-owned CCTV business and subsequently co-founded Motseng Investment Holdings, a diversi� ed investment holdings

group in 1998. She’s been named one of CEO magazine’s most in� uential women in business, and was a � nalist in the Entrepreneur Business Woman of the Year. She is an Archbishop Tutu fellow.

Izak PetersenCEO of Dipula Income Fund Izak Petersen originally co-founded the Mergence group of companies, which was co-principal in the formation and listing of Dipula, a decade ago. Prior to that he worked for PSG Investment Bank, � rst as Group Management Accountant and subsequently as a transactor in structured � nance and products, and was at Deloitte South Africa before that, where he executed services locally and in the US. He continues to serve as an executive committee member of various industry bodies and holds directorships in a number of Mergence group companies.

Peter LevettManaging Director at Old Mutual PropertyPeter Levett has been with Old Mutual for 16 years and with Old Mutual Property for 12 years in various roles, including head of corporate � nance and chief operating o� cer of the

Old Mutual Investment Group. He also spent � ve years at Goldman Sachs in London.

Vuyani HakoExecutive Head at PIC PropertiesVuyani Hako boasts 23 years of property industry experience; of the 23, he spent 12 years in executive management. Hako has had exposure in local authorities and the private sector. He has worked as the Managing Director of Metropolitan Property Services, the Chief Executive O� cer of Momentum Property Investments and the Executive Director at Eris Property Group. He holds a BSc in town and regional planning from Wits and an MBA from the Stellenbosch Business School. He is also a board member of the V&A Waterfront.

Regional Councillors and their respective regions

Je� Zidel Vuyani Hako

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Keeping it REALDriving home the REAL in real estate, the annual SAPOA International Convention and Property Exhibition was a palpable experience

By Anne SchaufferPhotographs by Xavier Saer and Mark Pettipher

Hosted at the Durban International Convention Centre from 19 to 21 May 2015, the Convention was a dynamic time of honest

re� ection, networking and interaction as delegates put the REAL back into real estate.

Putting the REAL into real estate was at the heart of 2015’s Convention, and if success is judged by lively levels of debate, controversial points of view and important conversations – often di� cult and challenging at that – then this year’s Convention was a runaway success.

The formal introduction to the Convention described the aims as “addressing the latest trends, challenges and prospects in the sector, but also highlighting and showcasing the sheer hard work, raw talent and sterling achievements that encompass the South African real estate industry on a daily basis. It’s about property, people, purpose and, most importantly, passion.”

Bestselling author, political analyst, lecturer, columnist and pull-no-punches public speaker Eusebius McKaiser took on the role of master of ceremonies, outlining two illuminating days with local and international top-level speakers, lively panel discussions, interactive sessions where delegates spoke their minds and even wildly talented entrepreneurs. McKaiser guaranteed the programme would not disappoint – and he was right.

The speakers and delegates focussed on the REAL issues, and a number of overriding concerns emerged repeatedly. Those issues were considered not only to be at the heart of the country’s consistently poor economic growth but also at the core of South Africa’s social ills and increasing dissatisfaction over growing inequality.

Digging deep in DurbanThe Convention was not just a “take” scenario – about “what can you do for us?” – but equally insistently about what the commercial property sector could contribute. Probing questions were asked by delegates, speakers and panellists, with regards to what the industry can do to help solve a national problem.

Discussion around the often-troubled relationship between business and the local, provincial and national government structures was a common thread. The belief that there’s massive room for clari� cation of national ideologies was widespread, and seen as a primary reason for the distrust that exists between the two and for low investor con� dence levels.

Skills shortage, the uncertain political landscape, poor communication, the pace of transformation and slow economic growth were repeatedly raised as major areas of concern, while education was considered of vital importance.

the annual SAPOA International Convention and Property Exhibition

FROM LEFT Neil Gopal, Mayor of eThekwini Cllr James Nxumalo and Amelia Beattie

Master of Ceremonies Eusebius McKaiser

FROM LEFT Amelia Beattie, Neil Gopal, Marna van der Walt and Lynette Finlay at the CEO Dinner

Convention Report Back 2015 Final_SUBBED Revised.indd 28 2015/06/04 3:09 PM


Primary sponsors STANLIB were wholly supported in their belief that education was the key to empowering and changing the community – numerous innovative education schemes were being instigated, supported and � nanced by SAPOA member organisations.

In his welcome, McKaiser described the speakers with whom delegates could look forward to engaging robustly, and outlined the sessions designed to deal with industry-specific opportunities.

On introducing the Mayor of eThekwini James Nxumalo, McKaiser promised engagement on some of the opportunities for further synergies between the clusters and the eThekwini municipality.“It’s difficult to fully describe the role of cities in the economic growth in the country, and the importance of the relationships that SAPOA has with the mayor of each city,” he said.

SAPOA’s Meet the Mayor initiative is one significant way in which the organisation facilitates improved lines of communication between the mayor’s office – as well as key officials – and the property industry, a platform where an understanding of the challenges and opportunities can be recognised and examined. “The reality is that the coalface of delivery and development is at a city level. The kind of role that the mayor plays is arguably as important as someone at national level.”

With key functions devolving to municipal level, this will become increasingly significant.

Nxumalo spoke of the history and relationship between property and the previously disadvantaged people of South Africa, and by doing so, he touched on a topic central to the conference: transformation.

“Ownership of a property improves one’s status and gives a sense of self-esteem; it creates a better connection between the people and the land,” he said.

“Ownership is followed by personal pride and a subsequent concern for the environment in which you live – that’s good for the city and for everybody.

Close-knit communities are formed and, in that way, undesirable elements are kept out. This Convention is about the future of sustainable cities.”

FROM LEFT Maurice Mdlolo, Portia Tau-Sekati, Ben Kodisang

FROM LEFT Neil Gopal, Amelia Beattie and Joel Netshitenzhe at the CEO Dinner

Convention report back

Newtown Junction won three SAPOA Innovative Excellence Awards at Convention

FROM LEFT Eusebius McKaiser, Neil Gopal, Tessa Deighton and Mike Deighton



Transformation at the forefrontPart of that transformation conversation involves the issue of inadequate skills by job applicants and incumbents, as well as the poor retention of those who had been up-skilled. This has, in essence, reached crisis proportions.

Every sector of the economy needs to take stock of numbers – the needs, skills de� cits, and so on – so SAPOA’s online audit in February and March this year provided invaluable information as to the current situation in the real estate sector.

Nontokoza Nene of the African Training Academy and School of Auctioneers was tasked with providing members with this stock-taking account of the industry.

Part of the survey was directed at establishing the growth and decline of jobs within the commercial property industry over the past decade, determining the status quo in terms of employment equity, and determining how much the commercial property industry is investing in education (R6,8-million in training for the purpose of transformation).

In addition, the survey aimed to identify which jobs would be required in the future for purposes of skills training, and to determine what types of interventions the industry needs in order to deal with some of the crises identi� ed.

Nene pointed out that a contributing factor to the skills crisis – and the primary cause of unoccupied vacancies – was the industry’s failure to promote the property profession as a career. She noted that the survey would be repeated at a later date. Everybody was urged to get involved.

At Convention, a major herald was made: SAPOA announced that it has raised R40-million for its Bursary Fund.

“Over the next four years, R40-million has been approved for 100 bursary students,” said Head of STANLIB Direct Property Investments and Outgoing SAPOA President Amelia Beattie. “We have surpassed our original 50 student goal.”

The money was raised through a contribution by the Services SETA (SSETA) after negotiations with SAPOA recently took place.

Alongside transformation comes the unbundling of the intricacies of the new BBBEE legislation. Portia Tau-Sekati, Chief Executive O� cer of Property Sector Charter Council (PSCC) took delegates through “How the BBBEE Act through the property sector code intends to stimulate the South African Economy”. The panel discussion thereafter went to the heart of the BBBEE issue, and tough questions were asked. “If Portia wasn’t wielding a big stick, would transformation take place voluntarily?”

Marius Muller, Chief Executive O� cer of Pareto Limited’s frank comment, “I don’t believe there is a commitment to transformation in the listed property sector”, provoked heartfelt discussion and inspired some soul-searching among delegates. Tough conversations but welcome ones – entirely in the zone of keeping it REAL.

Getting into the meat and potatoes at ConventionPaul Jones, KwaZulu-Natal Regional Manager of Urban Econ Development Economists, examined the role and impact of the commercial property sector in eThekwini. He presented the research undertaken for SAPOA, and focused on a broad range of economic development issues.

One of their focus areas is property development. “The report has two key components,” he said. “The � rst looks at the contribution that commercial private property has made to GDP, employment and the tax revenue base; the second at the development application process, using eThekwini as the case study.”

Nontokozo Nene of the African Training Academy and School of Auctioneers

Head of STANLIB Direct Property Investments and SAPOA President Amelia Beattie (2014-2015)

ABOVE FROM LEFT Neil Gopal, Amelia Beattie, Nontokozo Nene and Board member of the SSETA Pamela Snyman

RIGHT Paul Jones, KZN Regional Manager of Urban Econ Development Economists

BELOW The panel discussion on the role of commercial property in eThekwini, facilitated by Eusebius McKaiser, included Paul Jones, Rory Wilkinson of Tongaat Hulett Developments and John Forbes, Director of John Forbes Associated




ABOVE AND ABOVE RIGHT Delegates enjoy cocktails at the welcoming function sponsored by Tongaat Hulett and the City of eThekwini

RIGHT Sponsored by Tongaat Hulett and the City of eThekwini, entertainment at the function included the Zulu Flashmob BELOW Cllr Loganathan Naidoo


Panel discussion on SA REIT with Mandy Ramsden of Questco, featuring Arrowhead Properties CEO Mark Kaplan, Leapfrog Bold Moves Managing Director Kura Chihota, Rockcastle Global Real Estate Co Ltd’s Craig Hallowes, Java Capital Director Andrew Brooking and PwC U.S. Real Estate Practise Leader, PwC Byron Carlock




Property Sector Charter Council CEO Portia Tau-Sekati

Chief Executive O� cer of Pareto Limited Marius Muller, Chief Executive O� cer of Emira Property Fund James Templeton, The Property Foundation Director Gary Fisher, Chief Operating O� cer of Delta Property Fund Bronwyn Corbett and Managing Director of TseboREAL Asset Management Mashilo Pitjeng during a panel discussion with MC Eusebius McKaiser





“About R18,1-billion was the contribution that private property development made to the KZN economy, which is about 5,9% of the total KZN GDP – quite signi� cant if you consider agriculture is about four percent,” said Jones. “Employment-wise, about 240 000 jobs were sustained in KZN in the commercial private property sector, which is about 8,86% of total employment in the province – a signi� cant employment sector in the provincial economy.”

Around the development application process, “probably a more controversial part of our study”, facts and � gures that presented eThekwini Municipality in a somewhat favourable light in terms of applications � nalised, stirred up delegates and panellists.

As McKaiser said, “Why does there seem to be a dissonance between your story and the general ‘anecdotes’ about processes?” eThekwini regards resubmissions as new submissions, and this undoubtedly plays a role in their tally of applications � nalised.

The panel discussion facilitated by McKaiser included Jones, Rory Wilkinson of Tongaat Hulett Development and John Forbes, Director of John Forbes Associated. It was enjoyably volatile but ultimately, it was acknowledged that developers, too, needed to shoulder part of the blame game by ensuring they were compliant before submission, and that the city is endeavouring to create a one-stop shop to facilitate and fast-track submissions – one where, as Wilkinson said, “We engage with one champion.”

This was a great example of the value of SAPOA’s Meet the Mayor initiative; as SAPOA Chief Executive O� cer Neil Gopal was due to do just that shortly.

Questions surrounded the capacity for, and implementation of, the Spatial Planning Land Use Management Act (SPLUMA). There was a general consensus that large municipalities were in a far better position than small ones, which lacked the required internal resources.

“From a property development point of view, South Africa is probably going through quite a challenging period at this juncture,” Forbes said. “We’re heading for SPLUMA’s countrywide introduction starting in July this year… But in parallel with that, we have provincial legislation that, by and large, has not been retracted at this particular stage. There are question marks with regards to exactly what will happen in the interim. Is this all ruled out or not?”

Mandy Ramsden of Questco moderated a panel discussion on SA REITs, which began by con� rming “another fabulous year for listed properties in South Africa”, and questioning the widening spread between REIT yields and long bonds, and whether listed property is starting to behave a little bit more like equity.

“Where is 2015’s growth going to be coming from in the face of weakening local economy and a challenging property fundamental,” Ramsden asked the panel. “We have seen, certainly in the reserve stable, there’s a very large portion of capital investors in o� shore.”

The response? “Consolidation is one way to drive revenue growth – but also on a relative basis, countries outside South Africa o� er better returns. If you have a look at Nigeria – Africa – and Europe, at hard currency-based growth coming out of certain companies, you can get anywhere between � ve and eight percent. We’re going to battle to make this with our very, very low growth environment in South Africa.”

An interesting response to the question from the � oor about why the market attributes such a premium to REITs as opposed to directly held property was that it all had to do with management. “People make all the di� erence. The kind of alchemy that drives growth when it’s repeated time after time, by adjustments in response to whatever variables drive the terms, you’ve got to say, people – assets – have a di� erent value depending on who they are.”

Ben Kodisang, Managing Director of STANLIB Africa, gave an address as the principal sponsor

ABOVE Colin Coleman, Managing Director, Head of the South African o� ce and Investment Banking Division for sub-Saharan Africa for Goldman Sachs

BELOW Golf day at Mount Edgecombe Golf Course

OPPOSITE: LEFT Golf Day prize-giving

OPPOSITE: FAR LEFT Delegates toured the Moses Mabhida Stadium during a city tour

OPPOSITE: BOTTOM Delegates experienced a behind-the-scenes tour of Dube Tradeport Mandy Ramsden, Director of Questco




“We’re living in a weird world,” says Dawie Roodt, Chief Economist and Director for the E� cient Group. “People think it’s business as usual, but it’s not. We’ve never seen interest rates this low before – what is going on?”

In his opinion, a critical issue is government’s borrowing of long-term money to fund short-term expenditure (in terms of social grants). “It’s unsustainable,” he says. “There are more people receiving grants than people with jobs. The civil service is like a wet blanket smothering the spirit of entrepreneurship. To be two ratings away from ‘junk’ status is quite painful – and it’s a train we need to stop right now.” But where do you put your money? In Africa.

Africa: a double edged swordConversations about investing in sub-Saharan Africa revolved mostly around the distinction between growing economies and developing economies. With an absence of development, you can’t sustain growth. Kenya is developing; Angola is growing.

Colin Goldman, Managing Director, Head of the South African o� ce and Investment Banking Division for sub-Saharan Africa for Goldman Sachs International, presented telling elements of a study by Goldman Sachs published in 2013 (updated in 2014, and recently updated again by Goldman) on “The Two Decades of Freedom”.

It’s a very comprehensive study about the good, the bad and the ugly of South Africa, yesterday, today and tomorrow. “The wealthy have become wealthier, and they’ve become wealthier faster than the poor have become less poor. As a consequence, the inequality ratio between the wealthy and the poor has grown, and that’s one of our problems. Of the challenges, the biggest is unemployment – 15-million are employed, 7,3-million are not. The best way of driving wealth creation, of driving economic growth, is putting South Africans to work.”

FROM LEFT Managing Director of Tongaat Hulett and SAPOA Newly Elected President Mike Deighton (2015-2016), SAPOA Chief Executive O� cer Neil Gopal and Head of STANLIB Direct Property Investments and SAPOA Outgoing President Amelia Beattie (2014-2015)

FROM LEFT David Green, Neil Gopal, Amelia Beattie, Mike Deighton and Estienne de Klerk




Frederick Marks, CFO of Academy of Neuroscience for Architecture, San Diego Abrie Botma, Director at EPCM Global

Scott Picken, CEO of Wealth Migrate

ABOVE Eusebius McKaiser interviews Ashish Thakkar, founder of the Mara Group and the Mara Foundation

Goldman says South Africa scores � ve out of 10 against best emerging markets. South Korea scores eight, and the di� erence is life expectancy, personal computers and internet usage, internet service, and R&D. How do we head towards that � ve-percent economic growth? In his view, for starters, we have to go back to absolute basics. Fix labour, spend better, do what we would do normally – but just do it all right.”

He proposes tax incentives to get young people into work. “Think about putting half-a-million youth into the army. Let them earn a stipend, learn a skill, � x communities,” he says. “Then, government is starting to talk about a di� erent model of running state-owned enterprises – a healthy development and one we should encourage. Government is talking about the Chinese state-owned model – they take a portion of a state-owned enterprise and list it, but still keep the controlling stake of the institution. The government is starting to think about modernisation of the state-owned enterprise model.” Food for thought, particularly in light – or lack thereof – of Eskom.

Eskom is something Abrie Botma, Director of EPCM Global, knows well, as he tackled “Energy Crises: Managed Opportunity”. Essentially, by the time the two new power stations come online, they will not provide additional energy to the grid – they will top up the energy to the current level. “Load shedding – not a greater threat to blackout but a proactive method to stabilise the grid – has a de� nite impact on the economy,” he said. “Estimates are R20-billion loss per month for stage one; R40-billion per month for stage two; R80-billion per month for stage three. Eskom’s looking at a three-year period – our view is it’ll be longer.”

He discussed renewable energy sources, sustainability, PV, taking back our power (via DIY solutions and selling power to neighbours), and the absolute inevitability of substantially rising costs from Eskom, less predictability, less power – and the extreme unlikelihood of the ultimate bad news: a blackout, which he says, would be worse than the worst end-of-the-world movie we’ve seen.

U.S. Real Estate Practise Leader, PwC Byron Carlock



36 SOUTH AFRICAN PROPERTY REVIEW36 SOUTH AFRICAN PROPERTY REVIEW

FROM LEFT Amelia Beattie with emerging leader and businesswoman Kate Moodley FROM LEFT Nomzamo Radebe, Portia Tau-Sekati and Amelia Beattie


ABOVE Delegates enjoying the partyBELOW Delegates with Entertainers

ABOVE Eusebius McKaiser with Entertainers BELOW Delegate enjoying the party



To raucous laughter, he said, “Eskom is the only company I know that actively campaigns for its consumers to buy less of its product.”

Freshly diverseOne of the major contributing factors to SAPOA’s 2015 Convention was the wonderful diversity of topics – all about property but from innumerable fresh perspectives.

Frederick Marks, DFO of the Academy of Neuroscience for Architecture in San Diego, opened minds to the importance of design to the optimum neurological needs of people who work in buildings.

How does natural light a� ect us? How much do we need? Scott Picken, Chief Executive O� cer of Wealth Migrate, shared his views on the 21st century topic of “Real Estate Crowdfunding”, which is tipped to be in the top 10 disruptive trends globally, worth US$250-billion by 2020. As he said, “Technology has disrupted many industries already – why would real estate be any di� erent?”

Byron Carlock, US Real Estate Practice Leader at PwC, shared his thoughts on “Safe Choices in Volatile Times: Global Real Estate”. “Real estate is being pursued as the safe choice, equities in the major markets feel a bit frothy, bonds – as interest rates begin to rise in the Western market – are causing a cyclical rotation,” he said. “Asset managers are increasing their allocations to real estate, the US$64-trillion asset management business is taking its allocation of alternatives up to as high as 15% – and real estate is getting a big chunk of that. So we have a huge responsibility as an industry to think through why it’s the safe haven, what the opportunities are for investors, where the opportunities are, and how we as leaders in the industry can o� er investible products to a yield-hungry world.”

The SAPOA Women’s Annual Breakfast was an inspiring event, as Kate Moodley, author of the book I Inc: Be The CEO Of Your Own Brand, shared her insights on being always extraordinary, never average. A lawyer by training, Moodley moved into insurance and over time, learnt that it’s not about the product but about the person. You are the brand, and you’re in control. “Branding is really about what people say about you when you’re not in the room,” she said.

Even before Ashish J Thakkar, founder of the Mara Group and Mara Foundation, entered the room, his brand preceded him. Wealth creation was a recurring theme at the Convention, so a face-to-face with Africa’s youngest billionaire was an apt � nale.

Described as “Africa’s most moneyed school drop-out”, Thakkar is a great exponent of informal education – entrepreneurship and mentorship. As a youngster, he lived through the worst of times in Rwanda and Uganda, and even though home is now largely Dubai, he considers himself a real African.

Thakkar is not one for excuses or justi� cations for why something isn’t doable. His life story is contrary to that, and he believes his success is attributable to his spiritual leader and to a philosophy of genuinely doing good. “It’s not just about money, it’s about authenticity, people, mentoring. As Africans, we need to lead, not play catch-up”. He’s developed a free app, Mara Mentor, which provides support for young entrepreneurs and provides global advice.

Anthony Robbins said, “The quality of your life is in direct proportion to the quality of your relationships”. As Beattie handed over the reins to incoming President Michael Deighton, Managing Director of Tongaat Hulett, she stressed that the concept remains a very important part of how we do business.

At this Convention, relationships were forged, strengthened and examined. There’s little doubt that delegates left with many questions – and answers – about the industry and the role they need to play as contributors to the South African economy and society.

Wrapping up the Convention at the dinner party, sponsored by Moruleng City and Remote Metering Solutions

ABOVE FROM LEFT SAPOA Chief Executive O� cer Neil Gopal with Bernita Kalyan from The Creative Axis Architects BELOW Indian Classical Dancers




excellence awards

Retail Development WinnerMall of RosebankPlanning for this project began as far back as 2008, with construction on site starting in September 2012

and � nishing in October 2014. The brief was to reposition the mall within Rosebank in order to achieve

critical mass and sustain itself against all the nearby competing retail. In addition to elevating the retail

experience, the original design concept included providing additional and easily accessible parking,

introducing as much natural light as possible, creating greater height and volume in the mall, improving

customer circulation among the retail by inserting a race track-type mall layout, and increasing and

improving vertical links between levels.

Ticking all the right boxes, the 2015 winners of SAPOA’s Innovative Excellence in Property Development Awards prove that South Africa’s property industry is thriving in the most innovative way possible

Developer Hyprop Investments Limited Architects MDS Architecture Quantity surveyors Norval Wentzel Steinberg Civil and structural engineers Dekker Gelderblom Consulting Engineers Mechanical engineers GPCE, WSP Consulting Engineers Other consultants MDSA Tenant Coordinators Principal contractors WBHO Construction (Pty) Ltd Electrical engineers Rawlins Wales & Partners Consulting Electrical Engineers (Pty) Ltd Fire consultants Specialised Fire Technology (Pty) Ltd

Concrete Xcellence

Ticking all the right boxes, the 2015 winners of SAPOA’s Innovative Excellence in Property Development Awards

OVERALL

WINNER

Planning for this project began as far back as 2008, with construction on site starting in September 2012

WINNER:

RETAIL

DEVELOPMENT

OVERALL TRANSFORMATIONWINNER: MIXED-USE DEVELOPMENT

The South African built environment is a

very loud place at the moment as iconic,

aesthetically beautiful, sustainable and, above

all, innovative buildings are screaming for

attention – and they are being heard.

Once again, the “Oscars of the property

industry” – the Innovative Xcellence Awards

– have recognised the country’s top buildings

in terms of innovation, aesthetic appeal,

sustainability, creativity and game-changing

architectural concepts.

In recognition of the importance

of property development to the South

African economy and the community

which it serves, SAPOA wishes to honour

those property innovators, developers,

owners and built environment professionals

who, through the quality of their products,

have contributed signi� cantly to the

enhancement of the industry.

The winners of this year’s

SAPOA Innovative Excellence in Property

Development Awards are prime examples

of how South Africa’s property industry

is on par with the rest of the world in

terms of top design, modern architecture,

forward-thinking sustainability and

contemporary sexiness. Over the next

few pages, we invite you relish in the

country’s concrete cream of the crop.

Excellence Winners 2015_SUBBED.indd 38 2015/06/03 2:16 PM


Mixed-use Development Winner, Overall Transformation Award Winner and Overall WinnerNewtown Junction Newtown Junction is the � rst signi� cant

economic injection in the Jo’burg CBD

in 40 years, integrating the heritage and

artistic attraction of Newtown between

Mary Fitzgerald Square and Carr Street. Backed

by Johannesburg Property Company and the

SA Heritage Resources Agency, support was

gained from leading South African retailers.

Nedbank consolidated its Johannesburg

o� ces to Newtown at the Nedbank Newtown

Campus. Six years in the making, Newtown

Junction serves a vital sector of our vibrant

society in the cultural node within “old” Jo’burg.

Developer Atterbury, Attacq Architects DHK, LPA & MRA Architects

Project managers Metrum Project Management Quantity surveyors Norval Wentzel Steinberg, BTKM Civil engineers L & S

Consulting Engineers Structural engineers Aurecon Mechanical engineers Graeme Page Consulting Engineers, WSP Consulting

Principal contractors WBHO & Fikile Construction (Pty) Ltd

Electrical engineers Rawlins Wales & Partners Consulting Electrical

Engineers (Pty) Ltd Fire consultants Specialised Fire Technology

(Pty) Ltd Green/Sustainable consultants WSP Green

Developer Redefine Properties Architects GHL & Associates Architects Project managers Betts Townsend Construction Project Quantity surveyors MLC Quantity Surveyors Civil and structural engineers Sutherland Engineers Mechanical engineers Sutherland Engineers Principal contractors WBHO Electrical engineers CKR Consulting Engineers Fire consultants Specialised Fire Technology

The judges Pieter Engelbrecht: Growthpoint Properties

Andries Schoeman: AECOM

Anthony Orelowitz: The Paragon Group

Beata Kaleta: DSA Architects

Christian Roberg: Abland

Craig Sutherland: Sutherland Multidisciplinary Engineers

Corné de Leeuw: DelQS Quantity Surveyors and Property Valuers

Hashim Bham: BTKM Quantity Surveyors

Itumeleng Mothibeli: Vukile Property Fund

John Truter: WSP Group Africa Structures

John Williamson: MDS Architecture

Ken Reynolds: Nedbank Limited

Queen Mjwara: STANLIB Direct Property Investment

Rudolf Nieman: JHI Project Management and Sterikleen

Sam Silwamba: Old Mutual South Africa

Sandi Mbutuma: Pentad Quantity Surveyors (Pty) Ltd

Wessel van Dyk: Boogertman + Partners Architects

Zinon Marinakos: DSA Architects International

WINNER:

COMMERCIAL

OFFICE

DEVELOPMENT

International Development Award WinnerWest Hills MallThe 27 458m² West Hills Mall is situated along the Cape Coast Highway, 25km west of Accra, Ghana.

West Hills Mall presents retail of an international standard to Accra. Seamless shopfronts serve Ghanaian,

South African and European merchandise along a mall with high-quality � nishes. Continuous clerestory

windows � ll the mall volumes with ample daylight to coax the predominantly external retail culture

indoors. Restaurants overlooking a square, cinemas and line shops are anchored by Shoprite and Palace

(a local retailer comparable to Game). African adinkra symbolism is represented abstractedly via “duafe”

comb walls, piercing the entrances, and a stitching of dark bands of louvres ties the façade together.

Developer Delico Property Investments Architects ARC Architects (Pretoria) (Pty) Ltd Project managers GHC Africa Quantity surveyors Del Quantity Surveyors Civil engineers Aurecon Group Structural engineers BSM Baker Mechanical engineers Aurecon Group Principal contractors WBHO Construction North Electrical engineers Aurecon Fire consultants Specialised Fire Technology (Pty) Ltd

Fire consultants Specialised Fire Technology

WINNER:

INTERNATIONAL

DEVELOPMENT

Commercial O� ce Development Winner90 Grayston DriveRede� ne Properties’ newest development, 90 Grayston, is intended to set a new standard for premium-

grade o� ce buildings. With its statement-making design, high-end � nishes and a 4-Star Green Star SA

rating, it is among Sandton’s most desirable o� ce buildings. The striking 21-storey building includes

19 500m² of exceptional business space in nine o� ce levels above an elevated atrium. It also o� ers 11

levels of generous parking, a central security facility and a destination control system.



excellence awards

Other Development WinnerSteyn City ClubhouseWhere once there was nothing, Steyn City Golf

Clubhouse exploits the landscape itself to create

shelter and space, blurring the boundaries

between natural and built, achieving a constant

connection with nature. Utilising local materials

and labour, the building integrates with its

surroundings and the indigenous landscape,

creating architecture that is responsive,

sensitive, functional and sustainable, while

making use of the latest available technology.

The grassland sweeps over the architecture

and the building components fragment

to enhance its connection with nature by

juxtaposing the buildings’ organic shapes

with the Highveld landscape. This achieves

a harmonious symbiosis between nature

and the architecture which nestles within it.

Refurbishment WinnerBMW (South Africa) Head O� ceBoogertman + Partners Architects won

the competition to refurbish the iconic Hans

Hallen building by controversially questioning

the extensive brief compiled by BMW. Loosening

the parameters fencing the brie� ng requirements

enabled the implementation of creative solutions.

The � nal product is a carefully engineered

co-existence between an international

corporate standard, ful� lling the needs

of BMW (South Africa), creating a productive

and pleasant working environment, the

creative pursuit of reinventing a respected

architectural element, and extending the

building’s lifespan by employing sustainable

and green building principles.

Architects Boogertman + Partners ArchitectsProject managers Metrum Project Management Quantity surveyors BWR Quantity Surveyors Civil and structural engineers Mott MacDonald PDNA Mechanical engineers Spoormaker and Partners Other consultants Izazi Consulting Engineering, African Environmental Design Principal contractors Barrow Construction Electrical engineers Quad Africa Fire consultants Chimera Fire Protection Green/Sustainable consultants Solid Green

Developer Steyn City Properties Architects Boogertman + Partners Architects Project managers Metrum Project Management Quantity surveyors Brian Heineberg & Associates Civil and Structural engineers Pure Consulting Mechanical engineers Spoormaker and Partners Other consultants dsgn - interior design/spaceplanning, G. Johardien & Associates Consulting Engineers, Gavin Pereira Consultants, Insite Landscape Architects Principal contractors Gothic Construction (Pty) Ltd Electrical engineers CKR Consulting Engineers Fire consultants Specialised Fire Technology (Pty) Ltd

WINNER:

REFURBISHMENT

WINNER:

OTHER

DEVELOPMENT



Residential Development WinnerSandton SkyeThe � rst Sandton Skye tower rises high above the hustle and bustle of Sandton, with the top loft and penthouse apartments on the 17th � oor prominently placed on the magni� cent Highveld skyline. This contemporary “urban resort”-styled apartment hotel is an iconic assemblage of three towers that sit on a dynamic public facilities podium inhabited by restaurants, a pub, pool decks, a gym, a wellness spa, a business centre, a hotel concierge and reception areas.

Tower 1 has been completed; construction on Tower 2 will commence this year. Each tower block was designed from the inside out, then further re� ned in each of the 17 storeys through a sculptural exterior skin that is layered in coloured glass, stone cladding, aluminium and plaster render.

Labelled as the benchmark in property investment, Sandton Skye is a lifestyle development managed like a luxury hotel development. The building features a trendy restaurant, cocktail bar and deli; spa and � tness centre with indoor heated pool; executive conference facilities and business centre; kids zone and high security.

Developer CRI Eagle International Architects AMA Architects Project managers CPDBrydens Quantity surveyors Norval Wentzel Steinberg Civil engineers Hatch Goba Structural engineers Calibre Consulting Mechanical engineers AConsult (Pty) Ltd Other consultants Ethnic Technologies, GK Pereira Consulting Principal contractors Stefanutti Stocks Electrical engineers Hatch Goba Fire consultants Dynamic Fire Consultants

Developer Atterbury Property Holdings Architects ESA Project managers ESA Quantity surveyors Pentad Quantity Surveyors (Pty) Ltd Civil and Structural engineers DG Consulting Engineers (Pty) Ltd Mechanical engineers CKR Consulting Engineers (Pty) Ltd Principal contractors Lyncon Construction Electrical engineers CKR Consulting Engineers (Pty) Ltd Fire consultants SFT

Industrial Development WinnerWestcon O� ces and WarehouseOne of the many exciting new developments

in the Waterfall Business Precinct (WBP), which

straddles the N1 highway between Buccleuch

and Allandale o� -ramps in Midrand, is the o� ce

and warehouse leased by Westcon technology

distributors from Atterbury Property Holdings.

SANRAL’s e� ective upgrade of the Allandale

interchange has dramatically improved

accessibility, creating a huge competitive

edge for the WPB and resulting in exciting

opportunities for the construction of highly

sought-after rentable areas, of which the new

Westcon development is just one. The design

concept behind the Westcon development was

the creation of a structure that would not only

re� ect Westcon’s prestigious corporate image

but also take full advantage of this prime location.

The resulting building is an eye-catching

development that combines and centralises

the company’s three previous geographically

separate o� ce spaces into a 3 800m² L-shaped

o� ce block, which disguises the 4 000m²

warehouse component on its eastern side.

The design of the o� ce space e� ectively

allows for possible future expansion, and an

agreement with the developers has allowed

for the Westcon site to expand by a further

500m², if and when required.

WINNER:

RESIDENTIAL

DEVELOPMENT

WINNER:

INDUSTRIAL

DEVELOPMENT



excellence awards

Developer De Oude Graa� Reinetse Drostdy (Pty) Ltd Architects dhk Architects Quantity surveyors De Leeuw Quantity Surveyors Structural engineers Aurecon Mechanical engineers Aurecon Other consultants Blok Designs, Mo� at Whitlock Architects, Moorhouse Consulting, Setzkorn & Van der Walt Professional Land Surveyors, Stephen Falcke Interior Design, Urban Concepts Principal contractors GVK-Siya Zama Electrical engineers Aurecon Fire consultants Aurecon

Developer Imvelo Concession Company Architects Boogertman + Partners Architects Project managers Aveng Grinaker LTA (Inland) Quantity surveyors Pentad Civil and structural engineers PD Naidoo & Associates Mechanical engineers PD Naidoo & Associates Other consultants Beads Space Planning, Boogertman + Partners Interiors, Uys and White Principal contractors Aveng Grinaker LTA, Keren Kula JV Electrical engineers PD Naidoo & Associates Fire consultants PD Naidoo & Associates Green/Sustainable consultants PD Naidoo & Associates

Corporate O� ce Development Award Winner, Overall Green AwardThe Department of Environmental A� airsThe building comprises 27 422m² of o� ce and circulation space, houses 1 305 people and provides

parking for approximately 600 vehicles. The overall building concept is re� ected in three distinct

elements: through the masculine, utilitarian machine-like o� ce wings, the feminine, organic central

reception building, and � nally the “bridge structure” that links all of the elements together.

The interior design response re� ects a modern African feel, which is based on the sensitivity of

sustainable and environmentally friendly spaces without resorting to the usual highly literal pastiche.

The primeval nautilus shell motif, based on naturally occurring fractal geometry, speaks of birth and

origin, growth and progression. This is also re� ected in the landscape design, which includes a four-

storey-high feature vertical garden.

Overall Heritage Award WinnerDrostdy HotelThe Drostdy Hotel is situated in the historic

centre of the town of Graa� -Reinet, in the

Eastern Cape’s Karoo. The Drostdy building

and its courtyard garden are of great historic

and cultural signi� cance, and played a central

role in the civic life of the town.

The Drostdy is the second-oldest in the

country, designed by Louis Michel Thibault

in the Cape Dutch Style in 1804/1805.

The hotel was declared a National

Monument in 1987, and several parts of its

precinct are protected Provincial Heritage Sites.

The restoration project sought to integrate

the historic fabric with new interventions

throughout the property, creating a seamless

experience of the rich heritage of the site while

bringing the hotel provision up to the � ve-star

luxury country hotel standard envisioned by the

owners. It included the master plan of the entire

site, sensitive restoration of signi� cant historic

buildings, and architectural design of discreet

new insertions.

The completely reinvigorated Drostdy

Hotel property now accommodates 48 new

luxury hotel rooms with three swimming

pools, a � ne-dining restaurant, bar and

lounges, art gallery, wine shop, wine

cellar, spa, and associated hotel amenities

set within landscaped grounds.

WINNER:

OVERALL

GREEN

AWARDWINNER:

CORPORATE

OFFICE

DEVELOPMENT

OVERALL HERITAGE AWARD

Excellence Winners 2015_SUBBED.indd 42 2015/06/05 10:09 AM


Developer Feenstra Group (Pty) Ltd Architects Boogertman + Partners Architects Project managers Feenstra Group (Pty) Ltd Quantity surveyors DelQS Civil and structural engineers DG Consulting Engineers Mechanical engineers IMEC Other consultants Cairnmead, Leap, J Paul van Wyk, Buckley & Strydom Principal contractors Basil Read Electrical engineers SVR Engineers Fire consultants WSP Group Africa

Innovative Development – Award WinnerThe Watershed, V&A Waterfront The Watershed at the V&A Waterfront is a space

where craft and design come to life. As a result of

the transformation of the Blue Shed Craft Market,

Watershed combines the former tenants of the Red

and Blue Sheds and can be found opposite the Two

Oceans Aquarium, overlooking the oldest dry dock

in the southern hemisphere, the Robinson Dry Dock.

Developer V&A Waterfront Architects Wol� Architects Quantity surveyors Pentad Structural engineers LH Consulting Mechanical engineers Basil Nair & Associates Principal contractors WBHO Electrical engineers Gibb Fire consultants Solution Station

Other Development – Merit Award WinnerHat� eld StudiosThis project’s goals were to provide unique,

unrivalled accommodation and lifestyle with the

best location, providing student accommodation

on the doorstep of the University of Pretoria.

There are two basement parking levels forming

the footprint of the development. The roof level

of the podium development houses most of the

common facilities such as laundry room, games

room and study room, and spills out onto

a green landscaped external area complete

with features, benches and paved walkways.

The high-rise residential blocks rise from and are

on top of this podium level. There are rooms for

disabled student on the podium level (ground

level). The standard studio units start from the

� rst-� oor level.

Developer Standard Bank, Abland Architects Paragon Architects Project managers Abland Quantity surveyors Quanticost Structural engineers L & S Consulting Mechanical engineers C3 Consulting Engineers Other consultants The Ochre O� ce Principal contractors WBHO Electrical engineers Taemane Consulting Fire consultants International Fire Engineering SA Green/Sustainable consultants Solid Green

Commercial O� ce Development – Merit Award WinnerAlice Lane Phase 2This o� ce building located on the corner

of Alice Lane and Fifth Street in Sandton’s

commercial centre is designed around

an o� ce anchor tenant but will include

showrooms, retail elements and concept

stores on the piazza level and the interstitial

spaces generated with phases one and three.

This is the second of three buildings that

will complete the enclosure for a much-needed

green lung in Sandton’s retail precinct. Phase

two tenants are Sanlam and Santam, who

occupy the ground to sixth � oor.

The ground � oor extends to the exterior

as a � oating platform, with spill-out spaces

for the canteen and auditorium. This interacts

visually with the street. The relationship with

the street is further explored with the idea of

surfaces that peel away to provide vehicular

and pedestrian access.

MERIT - OTHER DEVELOPMENT

MERIT - COMMERCIAL OFFICE DEVELOPMENT

WINNER - INNOVATIVE AWARD



SAPOA Journalism Awards and exhibitor stand winners

SAPOA commends the South African property industry’s respected media fraternity as well as the best exhibitor stands at this year’s Convention

Winning wordsmiths and exhibitor excellence

The winners of the annual SAPOA Property Journalism Awards, sponsored by JHI Properties, were announced at the Annual SAPOA

International Convention and Property Exhibition in Durban as the commercial property sector honoured and recognised the dedicated and professional members of the media who have contributed immensely to the industry.

Property News JournalistWinner: Alistair AndersonProperty writer at Business Day Live Alistair Anderson has degrees in economic science, management accounting and journalism from the University of the Witwatersrand. He has been commended for his superb writing skills, his ability to cover a wide range of topics and his fresh approach to breaking property news.Runner up: Roy CokayneSenior financial reporter at Business Report Roy Cokayne was chosen as the runner-up in this category because of his experience, knowledge and writing on the property sector.

Property Feature JournalistWinner: Karabo Ray MahlakaWith an interest in markets, property and public policy, Moneyweb journalist Karabo Ray Mahlaka is a noteworthy up-and-coming writer who boasts an exceptional writing style.Runner up: Alistair AndersonHaving won this year’s Property News Journalist category, Alistair Anderson was also selected as the runner-up in this category.

Best Property PublicationWinner: Real Estate InvestorKeeping you up to date with the latest investment techniques and strategies, Real Estate Investor is this year’s winner for best property publication. Real Estate Investor is a monthly guide that offers a unique insight into the world of investing. Editorial is split into the four key areas of property investment: residential, commercial, offshore and lifestyle.Runner up: Architect and BuilderWith its aesthetic appeal and on-point features for architects, Architect and Builder was selected as the runner-up. The publication has been showcasing South Africa’s top architectural projects for 65 years and is widely read by key players in the architectural, building, engineering and allied industries.

Property Online NewsWinner: SA Commercial Property News Once again SA Commercial Property News impressed judges with its comprehensive site, which they felt presented a wide variety of current and topical property information. Its neat, visually appealing, easy-to-navigate structure earned it top place in the category.Runner up: Property Wheel Having received a special mention at last year’s Convention, Property Wheel was the runner- up in this category. Property Wheel’s website, social media presence and newsletters allow users – including brokers, investment professionals, estate agents, analysts, and other industry professionals and leaders – to keep up with the latest happenings in real estate.

The categories, winners and runners-up

FROM TOP Nomzamo Radebe, Neil Gopal, Alistair Anderson and Amelia Beattie; Nomzamo Radebe, Neil Gopal, Karabo Ray Mahlaka and Amelia Beattie; Nomzamo Radebe, Neil Gopal, Amelia Beattie and Neale Petersen from Real Estate Investor; Nomzamo Radebe, Ortneil Kutama from SA Commercial Property News, Neil Gopal and Amelia Beattie

Nomzamo Radebe, Managing Director at JHI Properties; Rob Rose, Editor of Business Times; Vernon Matzopoulos, Head of Business Day TV; Mark Pettipher, Managing Director at Design & Photography Services; Brian Azizollahoff, Managing Director at Capstone Property Group

The judging panel

Stand & Journalist Winners 2015_SUBBED.indd 44 2015/06/03 2:57 PM


SAPOA Journalism Awards and exhibitor stand winners

Innovative stand: Growthpoint PropertiesGreen stand: Growthpoint PropertiesLarge stand: FNBMedium stand: STANLIBSmall stand: Zendai

Winning exhibitor stands

CLOCKWISE FROM TOPGrowthpoint Properties’ stand came first in the innovative and green categories; FNB was the large stand winner; STANLIB’s winning medium stand; Zendai had the winning small stand


Stand & Journalist Winners 2015_SUBBED.indd 45 2015/06/03 3:03 PM


interview

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interview

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eye on Africa

With a past fi lled with ancient wonder and political turmoil, Egypt’s goal for the future is to work

with its problems and create a strong, highly attractive African market

Egypt


eye on Africa

By Candace King

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eye on Africa

▼ Population 83 386 739 (2014)▼ Major cities Cairo (9,1-million),

Alexandria (4,1-million), Giza (2,7-million)▼ Currency Egyptian pound (EGP)▼ Total area 1 001 450km²▼ GDP growth 6,8% (2014/2015)▼ Key industries Textiles, food processing,

tourism, chemicals, pharmaceuticals

Egypt at a glance

Famed for its rich and intriguing history, Egypt is a country that the world knows

quite well when it comes to awe-inspiring pyramids and larger-than-life pharaohs. Situated in northern Africa, bordering the Mediterranean Sea between Libya and the Gaza Strip, and the Red Sea north of Sudan, and including the Asian Sinai Peninsula, Egypt is the biggest Arab country and has played a pivotal role in Middle Eastern politics in recent times. It was one of the � rst Middle Eastern countries to open up to the West following Napoleon’s invasion.

With its regularity and richness, the annual Nile River � oods contributed heavily

towards the establishment of one of the world’s most iconic civilisations. The grandeur of ancient Egypt was also the result of the fact that deserts situated to the east and west provided the early civilisation with protection from its enemies.

Egypt’s political and ruling landscape has been one that has changed often. In around 3200BC, a uni� ed kingdom arose, which was followed by a series of dynasties that ruled Egypt for the next three millennia until the last native dynasty fell to the Persians in 341BC. The Persians were replaced by several powers of the time, including the Greeks, the Romans and the Byzantines.

In the 7th century, the Arabs introduced Islam and the Arabic language to the region – they ruled Egypt for the next six centuries. After a few takeovers and conquests, Britain seized control of Egypt’s government in 1882. Partially independent from the UK by 1922, Egypt acquired full sovereignty in 1952.

In recent times, Egypt’s political arena has been quite rocky. Inspired by the Tunisian revolution in 2010, Egyptian opposition groups led demonstrations and


eye on Africa



eye on Africa

labour strikes countrywide, which resulted in the ousting of former President Hosni Mubarak in 2011. After further unrest, in mid-January 2014 voters finally approved a new constitution by referendum. As of June 2014, Egypt’s sixth President Abdel Fattah el-Sisi boasts great plans for the country.

Egypt officials are stating that “post-revolutionary Egypt is open for business”, as the Egyptian government aims to attract new and significant foreign investment. Along with this, the government’s goal is to address the country’s problems.

One of Egypt’s biggest matters is its rapidly rising population, which is the largest in the Arab world. Coupled with this, limited arable land and dependence on the Nile continues to overtax resources and stress society. The government has battled to meet the demands of Egypt’s population via economic reform and large investment in communications and physical infrastructure.

Regarded as the intellectual and cultural leader in the region, Egypt is home to a plethora of busy cities that meander along the banks of the Nile and on the river’s delta.

Most of the country’s agricultural activity is concentrated along the Nile. Agriculture plays a focal role in Egypt’s economy – cotton, rice, corn, wheat, beans, fruits, vegetables, cattle, sheep and goats are prime agricultural exports.

The economy also depends heavily on tourism and cash remittances from Egyptians working abroad, mainly in Saudi Arabia and the Gulf countries. Other key sectors include textiles, food processing, tourism, chemicals, pharmaceuticals, hydrocarbons, construction, cement, metals and light manufactures.

The Egyptian economy is the second largest in the Arab world after Saudi Arabia. However, its economy has been up and down over the years: between 2004 and 2008, Egypt’s capital Cairo tried to pursue economic reforms in order to attract foreign investment and to stimulate growth, yet unrest persisted.

Growth appears to be fragile, and the economic outlook during 2014 remained weak. Egypt continues to implement expansionary macroeconomic policies with aid from the Gulf countries.

Poor living conditions and limited job opportunities have led to public discontent.

ABOVE An outdoor market

eye on Africa



eye on Africa

According to the African Economic Outlook Egypt 2014 report, “Against the backdrop of mounting political unrest and insecurity, socioeconomic conditions continue to deteriorate: the unemployment rate is rising, especially among youth (39% of the 20 to 24 age group are unemployed), and rural-urban income disparities remain wide. The approval of a new Constitution in January 2014 was a key milestone of the transition road map issued in July 2013 after the ousting of President Morsi. However, an uncertain political outlook in 2014 will continue to undermine economic recovery prospects.”

The Egyptian property industryOn the back of Egypt’s escalating population, there’s a demand for property development in the country, especially in terms of retail and a� ordable housing. Developers have taken notice of the rising trend and are engaging with the demand.

Egypt’s construction sector is mandated to deal with the issues regarding the domestic residential market. In light of this, projects are focusing on providing a� ordable housing

to the country’s increasing demographics. As the housing supply improves, opportunities for foreign investors will heighten as they seek income-generating assets in Egypt.

Development is soaring in the region: Egypt has signed preliminary deals with four Arab real estate developers for projects totalling €12-billion. Four memorandums of understanding with Egyptian developers Mountain View and Palm Hills, as well as Saudi Arabia’s Sisban Holdings and a consortium of Arab � rms, have been signed for both residential and commercial projects in Egypt. The proposed developments will be located in New Cairo and 6th October City.

Egypt’s government aims to improve the country’s investment climate and settle looming business disputes in order to boost its development vision. The country recently unveiled plans to build a new capital estimated to cost US$45-billion, presumably its biggest development proposal to date. Proposed to be developed somewhere to Cairo’s east, closer to the Red Sea, the city will span about 4 000km² and potentially be home to seven-million people.

Source: Opendataforafrica.org


GDP per capita, current prices

Gross domestic product (in US$-billion, current prices)

4k

400

300

200

100

0

2k

0k2007

2007 2010 2012 2014

2008 2009 2010 2011 2012 2013 2014 2015Pe

rcen

t of G

DPUS

dol

lars

(bill

ion)

160 000 - 1 150 000

1 150 000 - 4 500 000

4 500 000 - 9 200 000

700-2 200

2 200-2 380

2 380-4 800

Population in thousands



eye on Africa

Cairo prime rents and yields

Prime rents Prime yields

Offices US$40/m2 per month 10%

Retail US$100/m² per month 8%

Industrial US$3.50/m² per month 11%

Residential US$3 500 per month* 8%

The development of the planned new capital is aimed at boosting the country’s flailing economy, as well as helping to ease congestion and overpopulation – Cairo is home to 18-million people and is plagued by failing infrastructure and horrendous traffic.

To be built in partnership with a private developer from the United Arab Emirates, the city supposedly will take only five to seven years to complete.

Retail marketRetail in Egypt has picked up significantly in the past few years. Retail has been characterised by modern schemes and large-scale projects that will be delivered to market shortly.

The biggest malls in Greater Cairo are City Stars (150 000m² GLA) and the Mall of Arabia (180 000m² GLA). Major project Cairo Festival City Mall (168 000m² GLA) opened in 2013.

According to the Knight Frank Africa 2013 Report, most of the recent and planned development is in peripheral areas to the west and east of the city.

“Development time-scales can be unpredictable but about 500 000m² of additional retail space could be built in the next two years,” says the report. “Despite this development activity, the supply of modern retail space in Cairo will remain limited in comparison with some other cities in the MENA region, such as Dubai.”

Macroeconomic indicators2012 2013(e) 2014(p) 2015(p)

Real GDP growth 2,2 2,1 2,1 3,6

Real GDP per capita growth 0,5 0,5 0,4 2,1

CPI inflation 8,5 6,9 11,5 9

Budget balance % GDP -10,6 -13,7 -13,1 -11,3

Current account balance % GDP -4 -2,1 -1,1 -1,8

Source: Data from domestic authorities; estimates (e) and projections (p) based on authors' calculations

Source: Knight Frank LLP * Four-bedroom executive house – prime location

GDP by sector (percentage)

Population density (persons per km2) Land area (km2)

Agriculture, hunting, forestry, fishing 13,2 14,5

Mining 15,6 17,3

of which oil 15,2 16,9

Manufacturing 16,3 15,6

Electricity, gas and water 1,7 1,6

Construction 4,3 4,6

Wholesale and retail trade, hotels and restaurants 14,7 14,1

of which hotels and restaurants 3,8 3,1

Transport, storage and communication 10,6 8,6

Finance, real estate and business services 10,1 9,4

Public administration, education, health and social work, community, social and personal services 9,3 10,4

Other services 4,2 3,8

Gross domestic product at basic prices/factor cost 100 100


ABOVE A cotton merchant in Cairo



eye on Africa

Industrial and office marketIn recent years, the industrial sector has been stimulated. Since the establishment of the Industrial Development Authority in 2005, there has been a major drive to attract new industrial activity to the country. In Cairo, industrial activity has mainly been focused on the locations of 6th October City and 10th Ramadan City.

In terms of the office sector, there has traditionally been a demand for office space from national and international companies in Cairo. At times, international companies are seeking as much as 10 000m², especially in the banking and petrochemical sectors.

“Orascom’s Nile City Towers dominates Cairo in terms of Grade-A space” notes the Knight Frank Africa 2013 Report. “However, demand has shifted to more peripheral areas such as New Cairo and 6th October City. This trend is likely to continue for the foreseeable future due to the ongoing congestion and political protests in the city centre.”

Residential marketOver the past few years, there has been great activity in the development of residential schemes, focused mostly on satellite cities such as 6th October City and New Cairo.

At the higher end, the market has been saturated, with some developers having adjusted their strategy to target the middle market.

“It is generally acknowledged that the middle- and lower-income brackets offer the greatest potential for growth because these markets are much larger than the high-income sector,” says the Knight Frank Africa 2013 Report. “One noteworthy feature of the Egyptian residential market is that it is ‘cash only’, with no mortgages available for off-plan property, which means that purchasers usually pay developers in instalments.”

BELOW A typical textile market in Cairo

BOTTOM A boat on the Nile



cover story

Ahead of the curve

At the heart of every successfully completed development is an equally successful

property developer – and in the case of Illovo Edge O� ce Park, that success story is Mont Blanc Projects & Properties (MBPP). Considered a pioneer in the � eld because of the standard of products and level of service it provides, MBPP’s operating divisions include quantity surveying, project management, project development and facilities management, tenant coordination and investor funding. As such, it is the go-to company for property development, from design concept, through the feasibility studies to the proposal stage and, � nally, project completion.

Created in 2004, MBPP is a young and dynamic company that runs a tight ship with a team of experts drawn from di� erent build industry backgrounds complemented by skills and experience. They take a holistic approach to each client’s needs in order to provide a successful, unique and individually tailored development for each client.

MBPP relies on a distinctly focused blend of skills to provide speedy, concise and unambiguous advice.

Sustainable and responsible building is the core of MBPP’s ethos. Green and energy-e� cient buildings are devised to reduce the overall impact of the built environment on

Developing sustainable property for the future, Mont Blanc Projects & Properties puts responsible development fi rst

ABOVE Illovo Edge O� ce Park Phase 2

OPPOSITE Mont Blanc Heights Executive Apartments

cover story

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cover story

“Current sluggish economic

growth is having a negative

impact on industrial property

investment in KwaZulu-Natal,

resulting in an upward

movement in rentals”

human health and the natural environment by e� ciently using energy, water, and other resources; protecting occupant health and improving employee productivity; and reducing waste, pollution and environmental degradation. The company’s ultimate goal is to address the very real impact of climate change and act as a catalyst in South Africa’s transition to a green economy.

MBPP is involved with commercial, industrial, retail and high-end residential

sectors and has a number of successful developments under its belt. It also has superb projects presently on the go in the form of o� ce blocks, industrial facilities, retail outlets, mixed-use developments and luxury residential units (including houses and apartments). The company is also involved in refurbishments and alterations to commercial buildings.

MBPP aspires to be a market leader in development and property by anticipating

and servicing the needs of clients while striving for quality, e� ciency, integrity and reliability to secure the best commercial, industrial and residential solutions. MBPP is located in Johannesburg but carries out work on projects across Africa.

Illovo Edge Offi ce Park, Corner Fricker & Harries Roads, Illovo, Sandtont: +27 (0)11 243 5001w: Mbpp.co.za

cover story

Illovo Edge O� ce Park Phase 1



interviewILLOVO EDGE PHASE 2

www.montblancconstruction.co.za

MONT BLANCC O N S T R U C T I O N placing responsible construction first

EMPOWERED SPACES

McDONALDS LYNDHURST

NET#WORKBBDO

MONT BLANC HEIGHTS APARTMENTS

ELVEY WAREHOUSE

WÜRTH

ZARA CRESTA MALL



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Three’s a charm

Illovo Edge O� ce Park, a premium commercial development, is positioned

in the Illovo precinct; a prestigious mixed-use node located midway between Rosebank and Sandton in Gauteng. Phase 1 was successfully completed in 2009 and achieved the highest rental and sales per square metre in the country in late 2009. In a vote of con� dence, the MBPP group even acquired its own o� ce space in the development. Phase 2 was successfully completed mid-2012 and secured a blue-chip tenant, Rio Tinto South Africa.

Located between Phase 1 and 2 on the corner of Fricker and Harries Road, the development’s location is of strategic signi� cance: it is situated on the much sought-after Bus Rapid Transit system (BRT), allowing tenants easy access to the Rosebank and Sandton Gautrain stations.

The new Phase 3, like its neighbours, is a responsible and sustainable precinct development. Sustainability forms the core of developer MBPP’s philosophy, both in this development and all others it is involved in. Placing responsible development � rst has been an important part of the development team’s approach to the project.

MBPP explains the thinking behind the building’s iconic design: “Key to the building design was the notion of an open-plan work space, ecologically friendly building materials, and � nishes and colours that were cautiously selected

to synchronise with the structure and adjacent geometry of Illovo.”

Bentel Associates International (BAI) was chosen to follow through with MBPP’s vision as architects on the project. BAI has included the limestone, o� -shutter concrete and steel, to remain consistent with the strong design of Phases 1 and 2. The design creates uniformity – but according to BAI’s Tommy Bosch, Phase 3 is still the jewel in the crown. “It is not only the biggest development with its own central courtyard and feature walls in double glazing and limestone; it also o� ers breathtaking panoramic views from every corner of the building, which makes you feel as though you are a part of the surroundings and nature, and not in a typical o� ce building. It is also targeting a � ve-star Green Star rating,” he says. BAI was an integral part of the green design, along with the green consultants and the rest of the professional team.

Greg Straw and his company Earth Outdoor Living were at the helm of the landscaping design of Phase 3. The development essentially boasts two rooftop gardens because the central courtyard is also considered a rooftop garden – it sits upon the three basement levels underneath. Straw and his team chose a predominately indigenous assortment of plants

Phase 3 of Illovo Edge Offi ce Park is following in the successful and award-winning footsteps

of the development’s Phases 1 and 2


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because they tend to be low-maintenance and water-wise.

“BAI has designed a great building,” says Straw. “It’s proudly South African – so why not use proudly South African plants?”

The design of the planting process was equally important because it had to complement the architecture with the plant material while � nding a balance so the plants didn’t clash with the contemporary building.

“We used waves of di� erent plant material, which creates di� erent gradients because the plants follow the soil up and down and create interest,” says Straw. Earth Outdoor Living is currently working on the landscaping in the front of the building – “the last piece of puzzle”, according to Straw.

Boasting four � oors, all with balconies, Phase 3 clocks in at 5 000m² of premium o� ce space. Its multi-divisible layout allows for � exible o� ce spaces ranging from 200m² to 1 000m². In order to achieve the Green Star rating, energy-e� cient building principles have been applied wherever possible. It speaks to a wide range of sustainability issues and adheres to the strictest global environmentally sustainable building principles and requirements. These include maximising the use of natural daylight,

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Illovo half page advert

28 April 2015 08:21:49 AM

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installing energy-efficient lighting and ventilation systems, and using natural materials with a low carbon footprint. Green policies in rainwater harvesting systems, the recycling of solid waste and a waterproofing and thermal insulation roofing system have all been incorporated.

Phase 3 features• Covered parking• Dedicated emergency

standby generator and uninterrupted power supply (UPS)

• Fully air-conditioned VRF system

• Rooftop gardens with 360-degree views of greater Johannesburg

• 24-hour, seven-days- a-week security patrols and guarding

• Fully integrated closed- circuit TV monitoring and enforcement

• First World City Improvement District (CID) management through the Illovo Boulevard Management District company

• First world infrastructure (sewer, electricity, storm water, telecommunications and roads)

• Vodacom Business dedicated fibre optic infrastructure and telecommunication – first in South Africa (5 to 100Mbps access speed)

Green features• Use of natural materials • Green principles for

heating, cooling and storm water design

• Storm-water retention tanks for reuse in irrigation

• Solar heating panels for heating of geysers

• Rooftop gardens to insulate the roof

• Pedestrian areas• Rainwater collection• Intelligent lighting

With thanks to…DevelopersMont Blanc Projects & Properties Mbpp.co.za

ArchitectsBentel Associates International Bentel.net

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SAPOA events

On the greenSAPOA Western Cape hosted a great day of golf

Photographs by Mark Pettipher

First place winners, representing Roman Alexander: (from left) Gerrard Fortuin, Cecil Jacobs, Raymond Davids and Wayne Arende

Second place winners, representing Spire Property: (from left) Adriaan Jonker, St John Gardner and Robert Surgison, with Jehan Begg, Caroline Coates and Dave Russell of SAPOA

Lucky-draw prize winner Roly Hofmeyr with Brenton Ashby (Dulux) and Caroline Coates (SAPOA)

Fourth place winners, representing Old Mutual Property : (from left) Geoff Earl, Gareth Pike, Jehan Begg (SAPOA), Hein Smit, Caroline Coates (SAPOA), Roly Hofmeyr and Dave Russell (SAPOA)

Representing Abland: (from left) Pieter Hen, Grant Hill, James Cresswell and Ton Veen, with Jehan Begg, Caroline Coates and Dave Russell of SAPOA

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SAPOA events

Sundowners with SAPOASAPOA Western Cape hosted an enjoyable networking session at the unveiling of the

Bridge Park Building – a joint venture between Rabie Property Group and Growthpoint Properties

FROM LEFT Dave Russell (SAPOA), SAPOA’s Western Cape Chairperson Refqah Ho-Yee, Mike Russell (Nedbank) and Jean Theron (Rabie Property Group)

FROM LEFT Raynard Haupt and Colin Anderson (both Rabie Property Group); Chris Mackrill, Adriaan Read and Riaan Munnik (all Growthpoint Properties); Nabilah Varachhia and John Chapman (both Rabie Property Group); Bart Niemczynski (Growthpoint Properties) and Derick Henstra (dhk Architects)

The Rabie project team on the balcony of the Bridge Park Building: (from left) Colin Green, Jean Theron, Raynard Haupt, Sedica Knight, Greg Deans, John Chapman, Greg Jenkins, Colin Anderson, Miguel Rodrigues, Deidre Chapman and Tafadzwa Ncube

FROM LEFT Shakira Adam Varachhia, Emma Dawber, Jenni Lombard and Alain Walker of the Green Building Council of South Africa

FROM LEFT Andrea van Niekerk (GVK); Leigh Metcalf, Angelique Rowe and Janet Wishnia (all Rabie Property Group administrators); and Charmaine Koen (GVK)

FROM LEFT Kim Jacobs (Fairvest Property Holdings), with Lanston Foster and Tracey Palmer (both Old Mutual Properties)

Photographs by Pierre van der Spuy

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statistics

Durban in contextThe largest city in

KwaZulu-Natal and the home of Africa’s busiest port, Durban is teeming

with economic prosperity and tourism opportunity

Source: Offi cial website of the eThekwini Municipality,

Durban.gov.za

Source: eThekwini’s Economy – Fast Facts EDGE Report, 4th Issue, 2012

Source: Port and Logistics EDGE Report, 11th Issue, December 2014

Source: Port and Logistics EDGE Report, 11th Issue, December 2014• Situated on the east coast of South Africa in the province of KwaZulu-Natal

• The largest city in KwaZulu-Natal and the third-largest city in South Africa

• Known as the home of Africa’s best-managed, busiest port• It’s estimated that the Port of Durban and its related

industries contribute more than 20% of Durban’s GDP• A major centre of tourism because of the city’s warm

subtropical climate and multitude of beaches: Durban is the leading domestic tourist destination in South Africa (estimated visitor number for the fi nancial year 2010/2011 was 9,95-million)

• Second-most important manufacturing hub in South Africa after Johannesburg

• Forms part of the eThekwini Metropolitan Municipality, which covers almost 2 300km²

• Total land area: 2 297km² (comparatively larger than other South African cities)

• Key economic infrastructure and landmarks: Durban International Convention Centre; Nandi Drive; the Durban beachfront promenade; the Port of Durban; Dube TradePort; the Moses Mabhida Stadium; King Shaka International Airport; Cornubia; Bridge City; King’s Park Sports District; uShaka Marine World; Gateway Theatre of Shopping

• Durban boasts a population of more than 3 442 398 people (as per 2011 Census)

• The population is predominantly black (68%), Indian (20%), white (9%) and coloured (3%)

• Main languages include Zulu (63%), English (30%), Xhosa (3%) and Afrikaans (1%)

• Main religions include Christian (68%), Hindu (11%) and Muslim (3%)

• The value of Durban’s domestic tourism economic impact on the region’s GDP is estimated to be eight percent

• Durban contributes approximately 55% to the KwaZulu-Natal GDP, which in turn is approximately 15% of the South African GDP

• The maritime industry in Durban contributes between 1,5% and 2% of the national GDP

• By 2030, eThekwini Municipality’s goal is to boast the reputation of being Africa’s most caring and liveable city, where all citizens live in harmony

Fast facts

Number of formally employed sector and sub-sectors in eThekwini

Number of formally employed sector and sub-sectors in eThekwini

Land and water

Transport

South Africa

KwaZulu-Natal

eThekwini

Post and telecommunication

Air and transport supporting activities

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

80 000

70 000

60 000

50 000

40 000

30 000

20 000

10 000

8%

7%

6%

5%

4%

3%

2%

1%

0%

-1%

-2%

0

Port of Durban: containers invoiced (Q1 to Q3: 2013 vs 2014)

800 000

700 000

600 000

500 000

Quarter 1 Quarter 2 Quarter 3

400 0002013

2014300 000

200 000

100 000

0

Num

ber o

f con

tain

ers i

nvoi

ced

Stats WIP_SUBBED.indd 66 2015/06/03 2:56 PM


editorial

TFMC focuses on new range

Bidvest company TFMC, well known for its end-to-end total facilities management

services, launched a range of focused solutions at the annual SAPOA International Convention and Property Exhibition, in line with the company’s strategy to extend its focused o� erings to a broader market.

“Against the backdrop of power outages, we decided to focus on our provision of mobile generators to a larger market in an attempt to support the national energy crisis in South Africa,” Derek Jack, Chief Strategic Outsourcing at TFMC, commented at the exhibition.

Mobile generators According to Jack, TFMC’s large range of environmentally friendly and super-silent generators with full backup support on servicing, maintenance and refuelling will go a long way to bring peace of mind to small and large organisations during an emergency

TFMC launches Focused Services at the 2015 SAPOA Convention

or crisis situation. Long-term generator solutions are also provided to new and restructured building sites until such time as full power can be provided by the city council.

E� ective utilities management TFMC also launched utilities management to a broader market, a service that the company has provided exclusively for many years to select clients in the telecommunications environment. According to Jack, this outsourced administration service includes the end-to-end � nancial management of large volume utilities billing (from 100 accounts upwards), encompassing analysis, reporting, review and negotiation of tari� structures, and query and legal dispute resolution when necessary.

In partnership with a sister Bidvest company, TFMC o� ers remote automated read meters and a team of skilled sta� for manual meter reading in hard-to-reach areas.

Mobile maintenanceTFMC launched a new service at the SAPOA Convention – Mobile Maintenance – which provides basic electrical, plumbing, mechanical and general building maintenance on both a scheduled-contract and planned-project basis by multi-skilled sta� .

Jack said this is the � rst time in the industry that such a service is o� ered on a national basis with support from their 24/7 call centre. “Our Mobile Maintenance service is suitable for all kinds of structures, from buildings, towers, and street lights to mobile structures,” he said. “It includes health, safety and environmental compliance. Standard contracts are structured to client’s requirements and can be upsized, downsized and customised to o� er � exible options to suit planned maintenance projects.”

For more information, visit Totalfmsolutions.com

TOTAL FACILITIES MANAAGEMENEMENT COMPANY

[email protected] Didi on (012) 641-8000 www.totalfmsolutions.com

TFMC_JUNE_SUBBED.indd 67 2015/06/03 1:23 PM

June

July

Region Date Event

Western Cape 4 June 2015 Green Building Breakfast Session

Gauteng 9 June 2015 Research Breakfast

Gauteng 11 June 2015 Networking Event

KwaZulu-Natal 12 June 2015 Breakfast Presentation

TBC 13 June 2015 Protection of Personal Information

Port Elizabeth 17 June 2015 Regional Meeting

East LondonEast London 23 to 25 June 2015 ICPP

KwaZulu-Natal 25 June 2015 Golf Day

USA 28 to 30 June 2015 BOMA International Conference

Region Date Event

Gauteng 2 July 2015 Negotiation Skills Masterclass Programme

Mpumalanga 3 July 2015 Networking Event

Gauteng 7 July 2015 Introduction to Brokering Seminar

Gauteng 15 July 2015 Regional Meeting

East London 23 July 2015 Networking Event

Gauteng 23 July 2015 Legal Breakfast

Gauteng 28 July 2015 Golf Day

KwaZulu-Natal 31 July 2015 Breakfast Presentation

August Region Date Event

Gauteng 4 August 2015 Research Breakfast

Gauteng 6 August 2015 SAPOA Audit Risk

Gauteng 11 August 2015 PWC Breakfast

KwaZulu-Natal 11, 12 and 14 August 2015 ECPP Training

Polokwane 12 August 2015 Breakfast: Town Planning Scheme

Polokwane 12 August 2015 Breakfast Session

Gauteng 13 August 2015 Lease Agreement Workshop

East London 14 August 2015 Golf Day

Gauteng 14 August 2015 PWC Power Hour Breakfast

Gauteng 17 to 21 August 2015 FMP Training

East London 19 August 2015 Introduction to Brokering Seminar

Port Elizabeth 19 August 2015 Regional Meeting

TBC 20 August 2015 Introduction to Brokering Seminar

Gauteng 20 August 2015 SAPOA HR Meeting

Mpumalanga 20 August 2015 Networking Breakfast

TBC 20 August 2015 SAPOA Board Meeting

KwaZulu-Natal 25 August 2015 Golf Day

Gauteng 25 to 28 August 2015 ECC Training

Gauteng 27 August 2015 Networking Event

Gauteng 28 August 2015 MOMFA

What's On_JUNE_SUBBED.indd 68 2015/06/03 1:17 PM

Events and dates subject to change.

SeptemberRegion Date Event

Port Elizabeth 1 to 3 September 2015 ICPP Training

KwaZulu-Natal 3 September 2015 Negotiation Skills Masterclass Programme

Gauteng 7 and 8 September 2015 ICPP Training

TBC 7 to 11 September 2015 ECPP Training

Port Elizabeth 8 September 2015 Golf Day

Western Cape 8 to 11 September 2015 ECPP Training

Polokwane 10 September 2015 SANS 10400 Workshop

Gauteng 15 September 2015 Retail Trends Report Breakfast

Port Elizabeth 16 September 2015 Council Meeting

Port Elizabeth 17 September 2015 Networking Event

Mpumalanga 17 September 2015 Golf Day

TBC 17 and 18 September 2015 National Council Meeting

Port Elizabeth 22 September 2015 Golf Day

Mpumalanga 23 September 2015 Networking Dinner

Western Cape 26 September 2015 Property Development Workshop

Gauteng 28 to 30 September 2015 IPMP Training

Gauteng 29 September 2015 Legal Breakfast

KwaZulu-Natal 29 September 2015 SANS 10400 Workshop

KwaZulu-Natal 30 September 2015 SACSC Annual Congress

OctoberRegion Date Event

Gauteng 1 and 2 October 2015 IPMP Training

Western Cape 6 to 8 October 2015 ICPP Training

Gauteng 7 October 2015 Media Lunch

Gauteng 8 October 2015 Legal Breakfast

Polokwane 15 October 2015 Golf Day

KwaZulu-Natal 15 October 2015 Breakfast Presentation

Gauteng 17 October 2015 Research Breakfast: Industrial Industry Report

Gauteng 20 October 2015 Industrial Vacancy Report Breakfast

KwaZulu-Natal 23 October 2015 Networking Breakfast

Gauteng 23 October 2015 Brokers Economic Update

Gauteng 26 to 30 October 2015 BCTP Training

Port Elizabeth 29 October 2015 Gala Dinner

NovemberRegion Date Event

Gauteng 4 November 2015 ECPP Training Course

TBC 5 November 2015 SAPOA Board Meeting

Gauteng 6 November 2015 Legal Power Hour

TBC 10 November 2015 Research Breakfast

KwaZulu-Natal 11 November 2015 Gala Dinner

Gauteng 11 November 2015 Negotiation Skills Masterclass Programme


December

November

Region Date Event

Bu� alo City 3 December 2015 Developers’ Gala Dinner

Region Date Event

Gauteng 12 November 2015 Networking Event

TBC 13 November 2015 Networking Evening

Gauteng 16 to 20 November 2015 FMP Training

Gauteng 17 November 2015 FM and IAMP Training Courses

Port Elizabeth 18 November 2015 Council Meeting

KwaZulu-Natal 19 November 2015 Gala Dinner

Polokwane 20 November 2015 Council Meeting

Gauteng 20 November 2015 Brokers and Legal Update

Western Cape 21 November 2015 Property Development Workshop

Mpumalanga 25 November 2015 Gala Dinner

Polokwane 26 November 2015 Gala Dinner

Gauteng 27 November 2015 PWC Half-Day Workshop

Port Elizabeth 29 November 2015 Gala Dinner



interview

a4 ad template.indd 29 2015/06/04 3:04 PM


off the wall

Bentel boosts Durban’s retail

Bentel Group’s R250-million investment gives Durban’s old Overport City shopping centre a bright future as The Atrium Berea

The Gauteng-based Bentel Group’s R250-million investment in the acquisition and

redevelopment of The Atrium on the Berea in Durban, previously known as Overport City, has unlocked significant untapped potential for this unique retail asset.

“We acquired the centre in late 2013 from Durban-based Terrafirmanet Investments and continued their redevelopment vision,” says Selwyn Bentel, Director of Bentel Group. “The centre was built in the early 1970s, and this is its first major refurbishment in 30 years. The Atrium has now been transformed into a bright, airy, secure and contemporary shopping destination that reflects the shopping, business and leisure needs of the up-market consumers who reside in the surrounding suburbs.”

The Atrium is centrally located in the densely populated up-market suburb of Essenwood, which is home to the most affluent residents on the Berea. It is also within easy reach of residents across a broad spectrum on the Berea and the surrounding areas, which include Overport, Morningside, Greyville and Glenwood. ”The area boasts many of the best private schools in KwaZulu-Natal and The Atrium is proud testament to this important Durban heritage” says Bentel.

The 25 000m² centre comprises 18 000m² of retail on three easily interlinked shopping levels, and offers about 7 000m² of triple “A” quality offices in a seven-floor office tower. Each retail level has its own parkade and the centre boasts generous covered parking overall.

A design highlight of The Atrium is the striking 17,8m-high atrium at the heart of the centre, where natural light streams in, creating a refreshing and pleasant shopping experience. “This key feature inspired the centre’s new name,” explains Bentel.

The mall’s bright court spaces also give it the ability to excite shoppers with different and changing experiences, making it the ideal venue for events, shows and activations, in addition to is compelling retail appeal.

The Atrium boasts a 4 000m² Checkers, Dis-Chem and Virgin Active. Its fashion mix includes various Pepkor brands, Pick n Pay Clothing and several hand-picked local boutiques. Spur, John Dory’s and Maxis round off its restaurant offering, with entertainment offered by Gold Circle Gaming. Strong on everyday services, it boasts seven full banking branches, six cellular shops, a post office, medical facilities, a travel agent, a UK visa application centre and a photographic studio.

“Our retail mix includes the brands that have proved most popular at the centre over the years, plus some exciting new additions that bring it in line with the latest trends,” says Bentel. “We have held back a few small spaces and are in the process of selecting the final brands and concepts to complete the optimal retail mix for the centre.”

The Atrium’s prominent high-rise office space provides an excellent business address. Its office tower refurbishment is creating a modern working environment, supported by the centre’s retail and business services, with ample parking and excellent accessibility, including bus and taxi routes to the city.

“The strong take-up of offices complements the mixed-use vision for The Atrium,” says Bentel. “The refurbishment of the office tower has helped us secure various large corporate office users.” Among these is a Virgin Active Health Club that offers members some of the best views in the city while training.

Bentel adds that each floor offers about 1 100m² of office space, and between 2 000 and 3 000m² of office space will be available as the office refurbishment rolls out.

This is Bentel Group’s first retail centre investment in KwaZulu-Natal, and it has been able to bring a fresh perspective.

“The Atrium is a real property gem and the polish it has received with this major refurbishment has allowed it to really shine. It has resulted in an exceptional modern retail and office environment,” says Bentel. “The Atrium is a prime asset that would be incredibly difficult to replicate in the current business context, and we’re excited to be part of the centre’s future success.”

Off The Wall_JUNE_SUBBED.indd 72 2015/06/03 1:11 PM

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1 Head office for Ecobank in Accra, Ghana. Architects: Arc Architects

2 West Hills Mall in Accra, Ghana for a subsidiary of Atterbury Properties. Architects: Arc Architects

3 Student accommodation in Pretoria for the Feenstra Group. Architects: Boogertman + Partners

4 Vdara Office Park in Johannesburg for Bakos Brothers. Architects: Integrale Architectural Design

1 2

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South African Property Review June 2015

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