Property News - June 2014
Welcome to our Property Investment Newsletter the aim of which is to keep you up to date and informed as to the most recent property trends and news.
This month we are hugely excited to announce the official launch of our JHB Office which is headed up by Dustin Graham. Dustin is a qualified Charted Accountant with vast Global experience in Mergers and Aquisitions as well as Forensic Auditing. Please feel free to contact Dustin with all your Commercial and Industrial Property requirements in JHB as well as any business sales that you may have or wish to discuss. We are delighted to have Dustin join our group and are confident in his ability to maintain our high standards of excellence throughout our service offerings.
University of Pretoria student, Heidi van Eeden, has taken first place in Corobrik’s 27th Architectural Student of the Year Award with her thesis Machinarium: Architecture as a living machine, a 21st century textile mill.
New York will overtake London as the most important city for the ultra-wealthy by 2023, according to Knight Frank’s Wealth Report, an annual analysis of wealth flows and property investment around the world.
Consumers have had significant relief over the past few years with interest rates being close to their lowest levels in almost 40 years. However, with the first 0.5% increase in interest rates behind us and an expectation of further interest rate hikes to come, it is important for investors to position their portfolios appropriately.
“We are almost three years into the new Companies Act, and we felt there was a need to host an unscripted and interactive discussion with clients about areas where the new Companies Act impacted most on their businesses,” van der Westhuizen said.
A real right of extension allows a developer or body corporate to extend a sectional title scheme by erecting further buildings, extending existing buildings horizontally and/or vertically and creating additional exclusive use areas.