SAVILLS ASSOCIATES STRENGTHEN COMMERCIAL PRESENCE IN SUB-SAHARAN AFRICA WITH JOINT VENTURE

International real estate advisor Savills has today (14 February 2017) announced that its existing associates in South Africa, Pam Golding Properties and 5th Avenue Africa, have joined forces to create a new venture. Pam Golding Commercial Africa will expand the commercial offer of the two firms across sub-Saharan Africa, into a number of territories including Botswana, Mozambique, Kenya, Namibia, Nigeria, South Africa, Uganda, Tanzania and Zambia.

 

Having formed an association with Southern Africa’s leading independent real estate group, Pam Golding Properties in 1986, Savills extended its presence in the region in 2013 with the formation of a strategic alliance with 5th Avenue Properties, who specialise in transaction management, advisory and corporate real estate services. In response to the growing demand from occupiers and investors for a single service provider who can deliver a comprehensive and high level service across Sub Saharan Africa, the two firms have now joined forces and will operate from three regional hubs in Johannesburg, Nairobi and Lagos focusing on tenant representation, landlord agency, capital markets and workplace consultancy.  The new business will leverage the existing extensive Pam Golding network across Africa and will be led by Mark Latham, director of 5thAvenue Africa and a seasoned professional with long experience in the region.

 

Jeremy Helsby, CEO Savills Plc, comments: “Our respective associations with Pam Golding Properties and 5thAvenue Africa have provided us with a strong foothold in the South African real estate markets and I am thrilled that this is set to be further augmented with the two firms now combining. This new venture will expand the commercial offering into emerging markets that we have not previously serviced providing unparalleled local market knowledge and experience that is supported by Savills extensive global platform.”

 

Dr Andrew Golding, CE of the Pam Golding Property Group, says: “Since 2010 we have significantly increased our property sales and activity on the African continent and together with the extensive experience of Mark Latham and Pam Golding Commercial Africa, we will further expand our footprint in Sub-Saharan Africa – offering a specialised pan-African property solution in a very specific niche market.

 

“Over the past decade Africa has averaged GDP of over five percent and urbanisation is rapid with over 40 percent of the population residing in cities, while it is estimated that by 2100 close to 40 percent of the world’s population will be living in Africa. This creates meaningful opportunities for the business sector and investors in property, both local and global.”

 

Mark Latham, managing director of Pam Golding Commercial Africa, adds: “One of the founding principles of the business is to provide clients with a consistently high level of service regardless of market in Africa. We have the right ingredients in place with Pam Golding Commercial Africa to offer a global partner, local market knowledge and a management team with significant experience in the emerging markets in Africa and across the world.”

 

Pam Golding Commercial Africa is currently appointed on several high-profile assignments including: lead marketing and leasing agent on Heritage Place in Lagos, Nigeria the premier office building in Lagos on behalf of Laurus Development Partners and Actis; the leasing agent at Britam Tower in Nairobi Kenya, one of the city’s tallest office towers, on behalf of Britam Insurance as well as a number of tenant assignments and advisory projects in South Africa.

Zero-emission litter picker is SA’s next generation of cleaning equipment

Goscor Cleaning Equipment (GCE) of Johannesburg is introducing the latest cleaning equipment technology into the Southern African market, with its launch of the GM1ze from Green Machines International GmbH. “This compact sweeper not only saves time thanks to its powerful battery, but is also easy to operate, and enhances hygiene, safety, and environmental awareness,” GCE GM, Greg Venter comments.

The latter is particularly important in an urban context, with towns and cities struggling with respirable dust and exhaust emission limits, all in an effort to reduce carbon dioxide emissions. “The GM1ze is the latest ‘green’ e-sweeper, representing the best of German engineering excellence,” Venter highlights.

The special narrow design (780 mm wide, 1 480 mm long and 1 760 mm high) means that the GM1ze is ideal for use in confined spaces. Double soundproofing is standard, with an acoustic level approaching that of absolute silence.

It uses 24 V, 36 V or 48 V lead acid batteries, giving it an eight to 16 hour operating window, depending on the application. The machine is powered by an 0,85 kW motor (electric axle with permanent magnet DC motor and integrated parking brake), and produces 1,5 kW of suction power (brushless DC). It has an 18 m2 dust filter, and a suction pressure of ≥25 mbar.

The GM1ze’s water system consists of an electric water pump and an intermittent water spray nozzle, with a 10 litre water tank. The mounted 125 mm diameter suction pipe features an anti-clogging grid to prevent blockage by debris such as plastic bags, paper, and leaves. Made from lightweight fiberglass, this pipe weighs less than 1,5 kg.

Additional features include puncture-proof tyres and shielded ball bearings, a front steering wheel, an ambidextrous control arm for right and left-handed operators, together with an automatic dead man position, a battery charge level gauge, and a timer for the suction and traction motor.

An automatic parking brake facilitates parking, even on steep slopes, while there is an emergency stop switch on the dashboard for enhanced safety. The chassis is a durable machine-welded structure with an electrostatic coating.

Green Machines GmbH is part of the long list of leading international brands distributed by GCE, which includes well-known names such as Tennant, Ghibli, Maer, Delfin, Elgin, Macro, and High Point. “It is important for us to be associated only with the top brands, as reliability and performance are key to the total cleaning solutions we offer our customers,” Venter elaborates.

“We strive to not only introduce the latest technology into the market, of which the GM1ze is the latest example, but also to remain at the leading edge of international cleaning trends. In this regard, the zero emission and low noise features of the Green Machine equipment will definitely set a new benchmark in the Southern African cleaning industry,” Venter concludes.

 

THE SOUTH AFRICAN INSTITUTE OF BLACK PROPERTY PRACTITIONERS SUPPORTS LAND REFORM FOLLOWING SONA

The South African Institute of Black Property Practitioners supports the call at the recent State of the Nation Address (SONA) for land reform, and expediting the transformation of the property sector. The organisation does however caution that this will require actionable programmes and clear time-based implementation strategies to guarantee success.

 

The recent SONA by President Zuma highlighted a number of important economic policy shifts and pronouncements.  The term “radical economic transformation”, as reiterated several times during the SONA, is firmly entrenched in our day-to-day political rhetoric. It is key to note that without the support of a solid implementation strategy and measurable targets, it is unlikely that we will see results in either the short or medium term.

 

The South African Institute of Black Property Practitioners (SAIBPP) is encouraged by the pronouncements on and the commitment to prioritise the transformation of the property sector by reviewing the Property Practitioners Bill, which addresses land reform and expediting access to housing. Notably, private residential property ownership accounts for only half of the value of the property sector. The commercial sector still remains frighteningly untransformed, with less than 10% being black-owned, managed and controlled.

 

Currently less than 10% of the buildings occupied by government departments are black-owned, managed and controlled, resulting in 80% of government lease spend going to BBBEE-compliant but untransformed companies. Of the 40-plus JSE listed property funds, still, less than 10% are black originated and managed. This state of affairs is truly unacceptable 22 years into our democracy given the abundance of skilled and capable black property professionals (many of whom make up our membership).

 

The only way to catalyse black ownership in the property sector and grow the industry is for government, as a key stakeholder in the sector, which is valued at approximately R6-trillion to urgently cease lease renewals for untransformed companies and replace these with long term leases for black-owned, managed and controlled (OMCs) property funds and new entrants. This will send a strong message that government is pro-transformation – a necessary catalyst for the transformation of the property sector.

 

SAIBPP is also calling for government to commit to increasing total procurement spend to at least 50% for black-owned, managed and controlled companies within the next 2-3 years. This will have a positive impact on the entire property industry value chain, stimulate black industrialisation and create sustainable jobs. “As black people, we can no longer accept being treated like political benchwarmers, perpetually being ‘enterprise development candidates’ and ‘up-skilled’ but never given real access to opportunities.  We have the skills and the experience and we are ready.” says SAIBPP President, Nkuli Bogopa.

 

“SAIBPP is also committed to seeing the adoption of the Property Incubation Programme within the Department of Public Works that will give new entrants access to the property industry and encourage growth and competitiveness,” she says.

 

Making land available to previously marginalised groups, black people, women and youth, is key to ensuring equitable redistribution and growth of our sector and the economy at large. To this end, SAIBPP supports the call for land reform and the re-tabling of the expropriation bill to facilitate access to land for human settlements and for commercial development in townships and urban centres (by black owned and managed companies).

 

We continue to work closely with the relevant government departments and our members to ensure that these objectives are swiftly implemented and achieved.

New Springs Mall changes the retail landscape with world-class shopping

Springs Mall is ready to open next month when it will introduce new world-class shopping and entertainment and a magnificent new landmark to the Ekurhuleni city of Springs.

 

The R950 million two-level regional Springs Mall, which opens on Thursday, 16 March 2017, is destined to become a dominant mall in the region and an icon for Springs.

 

The 48,000sqm Springs Mall is a joint venture between Blue Crane Eco Mall (Pty) Ltd, Flanagan & Gerard Property Development & Investment, JSE-listed retail focused REIT Vukile Property Fund and Murinda Investments, which is part of the Giuricich Bros Group. It is deeply rooted in its community and realises a vision that started with the Springs-based D’Arrigo family.

 

Developing this magnificent mall has changed the local landscape. With eye-catching frontage on the N17 highway, Springs Mall’s striking visibility means people travelling on the highway will be able to see the two-level mall from some distance away.

 

“For the communities of Springs and its surrounds, it has never been easier to go shopping,” says Paul Gerard of Flanagan & Gerard Property Development & Investment.

 

Springs Mall’s excellent location in the suburb of Casseldale gives it great accessibility right at the intersection of the N17 highway and R51/Wit Road. Effortless access to the mall is available off the N17 on Wit Road as well as Jan Smuts Road, which the developers upgraded to ensure superb access.

 

The new easy-to-find Springs Mall will welcome customers to a sensational showcase of shopping. It will open with a generous line-up of nearly 170 shops, restaurants and services, led by anchor retailers Woolworths, Checkers, Pick n Pay and Edgars.

 

“Springs Mall will also have all the conveniences and services that deliver stellar shopping, starting with free parking,” confirms Gerard.

 

Focused on providing an outstanding experience from the moment you arrive, Springs Mall will offer free open-air parking on both its shopping levels.  It is only a short stroll indoors from both parking decks, through four beautiful soaring entrances.

 

Safety is a top priority for Springs Mall. Already, it has put extensive security measures in place, from state-of-the-art CCTV to the gating of its entire site. The mall’s security systems also include vehicle number plate recognition, which is connected to the number plate network security initiative, in partnership with the SAPS.

 

More than this, the new mall has already established good relationships with the local SAPS. It will continue to work with the police to ensure the mall offers a safe, enjoyable shopping environment.

 

With all the latest shopping and entertainment, Springs Mall is also set to be the home of the ultimate gift – the Springs Mall Gift Voucher. These exclusive gift vouchers are designed to make great personal gifting easy. They also help local businesses to reward their staff by giving them access to the most desirable local shopping.

 

“Springs Mall stands tall as an asset that everyone can be proud of. It is a symbol of confidence in its local economy and its community. We can’t wait to open on 16 March and share its exciting experience,” says Gerard.

Redefine’s Black River Park wins SAFMA accolade

JSE-listed diversified real estate investment trust Redefine Properties (JSE: RDF) announced today that it’s Black River Park, an office precinct in Cape Town has been adjudged the winner in the Sustainable FM Operations category at the recent South African Facilities Management Association (SAFMA) Awards.

 

Redefine beat six other nominees in the category including its own The Towers office precinct also in Cape Town.

 

The award aims to recognise efforts by individuals, teams or corporates involved in Facilities Management, which have delivered the best sustainability initiative during the course of the year.

 

Black River Office Park is the first office precinct in the country to receive Green Building Council of South Africa (GBCSA) certified Green Star existing building ratings for all of its eight buildings, with a combined 75,000sqm of office space. Amongst its many firsts, Black River Office Park is also home to the first Green Star SA Existing Building Performance (EBP) certified building and the first building to receive a 6 Star Green Star SA EBP rating.

 

“The award validates our commitment to providing tenants with work spaces that are in itself conscious of the environment in which they operate and cost effective to run. It further demonstrates to our tenants, the community and all other stakeholders that our properties are managed to the highest standard of excellence,” says Ilse Swanepoel, Head of Utilities at Redefine Properties.

 

Black River Park also acclaimed with having Africa’s largest integrated rooftop photovoltaic (PV) system. The roof top installation at the office park in Observatory is rated at 1.56MW and is made up of approximately 6,000 panels spread over 9,000sqm of roof space. It ranks amongst the world’s top 20 commercial roof top solar installations.

 

The office precinct has also implemented best practices in water, waste, energy, and overall sustainability. The park has retrofitted all of its common and parking areas with Light Emitting Diodes (LEDs) as well as instituted a cost-benefit sharing agreement with tenants to further the roll out of energy saving technology. The park has also engaged with tenants to reduce their energy consumption through tenant education and active audits.

 

Aside the potential energy savings the park has been able to ratchet, its environmental policy also extends to waste management with over 75% of waste collected being diverted from landfills. All waste from the park is sorted on site into recyclable and non-recyclable materials including correct disposal of fluorescent tubing. The park also maintains ecologically friendly gardens with water sourced from boreholes on site.

 

Sustainability is not a nice-to-have but rather a mindset that is embedded throughout the organisation. We have not rested after improving energy efficiencies and implementing water saving at our developments, we now assess our carbon footprint every year to determine the environmental impact of the company according to Swanepoel.

 

As a leader in the property development sector, we are fully conscious of and active in our role in protecting and enhancing the environment.

 

“The Black River Office Park is exemplary for its commitment to and achievements in sustainability and our drive towards sustainability is based on overwhelming evidence that demonstrates the impact of green buildings on productivity and wellbeing of its occupants,” Swanepoel says in conclusion.