Growth of up to 10%-15% in some well-placed buildings, instances, says Growthpoint
Rentals of well-located Cape Town industrial properties have risen substantially, in some cases as much as 10%-15%, thanks to strong demand and limited supply of new buildings.
“We anticipate that existing industrial stock will continue to see sustained demand, especially as there is some evidence of companies looking to enter or grow their footprint in Cape Town compared to Johannesburg,” Timothy Irvine, Growthpoint regional asset manager for the Western Cape, told Business Day...
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CRICKET: ‘It’s all getting very real,’ says Graeme Smith as SA20 League fixtures announcedThe first ball of the much anticipated SA20 League will be bowled on Tuesday, 10 January at Newlands in a Western Cape derby between MI Cape Town and Paarl Royals.
Read more »
Amazon gets the go ahead to build headquarters in Cape TownCape Town Amazon developers, Liesbeek Leisure Properties Trust (LLPT) got the green light to build its R4.6-billion headquarters yesterday after the supreme court lifted an interdict by the high court.
Read more »
Amazon’s Cape Town campus gets green lightThe construction of Amazon’s planned offices in Cape Town should be allowed to go ahead, according to a court ruling, in a setback for the indigenous people attempting to stop the development.
Read more »
5 Cape Town-based authors whose books you need to be readingWhether you're a bookworm or someone who reads annually, there is something out there for everyone to read. These are a few Cape Town-based authors who have written award-winning novels that you need to be reading:
Read more »
Cape Town-Headed Russian Oligarch Superyacht VanishesThe 141-metre Nord superyacht was due to dock in Cape Town Harbour today after setting sail from Hong Kong.
Read more »
City of Cape Town aims to reignite fire and flood kit provisionsHistorically, the City had for over a decade provided emergency fire and flood building kits for households and informal settlements affected by fires. This, however, came to a halt in 2020 when severe cuts had to be made in the national government's budget.
Read more »