| JHI poised for growth in the Western Cape
"In the current market we are seeing positive signs which include increasing enquiries for the uptake of space, with corporate organisations indicating their willingness to make decisions in regard to relocation - including moves to larger premises, while we also perceive new development opportunities in the market," says Boshoff. "As a strategic move, and in order to capitalise on these trends and opportunities, Marius Basson, formerly director for JHI in the Western Cape, has been appointed executive: corporate strategy and asset management, in a role which we believe will give us a competitive edge in the marketplace. She says although the office vacancy rate in the city still remains fairly high, there is a significant increase in the letting of office space in areas such as Century City and also Durbanville in Cape Town's Northern Suburbs. Coupled with this they are also more conscious of keeping the office grading of their assets in line with demand and as such are more inclined to invest in upgrading their buildings and keeping up with market trends in order to retain maximum market rentals. Comments Conradie: "As is evident from the amount of new leases which have been concluded during the first part of 2012, the commercial property market in the Western Cape is presently reflecting positive growth. "Following the major capital investment in the Western Cape region - with new infrastructure and an improved transport system, I believe numerous property management opportunities exist, and we have already highlighted several key areas for our concentrated inroads into the market which include the Montague Gardens, Airport Industrial and Durban Road areas. "From an asset management perspective he will highlight the latest trends in the market both internationally and nationally, in addition to new and planned developments. With extensive experience in property management both with Colliers and more recently, as executive manager for Hermans |
Tuesday, 8 May 2012
JHI poised for growth in the Western Cape
