Cape Town Property Investment

Century City is a mixed-use development situated on the N1 Highway, approximately 10km north of Cape Town’s city centre. Comprising retail, leisure, office and residential components, it is one of the most successful developments ever built.

Valued at around R16bn, the well established business, residential and entertainment hub boasts excellent infrastructure and security. Blue chip anchor tenants and little available stock have weighed in to provide investors with outstanding returns.

Century City business property, in particular, has proved to be remarkably resilient during one of the worst recessions in living memory. Continued strong demand for office and retail space in the Century City precinct has witnessed vacancies drop by 8.7%, an indication that property offering value for money in good locations is in short supply.

Peaking at 18.6% in 2008, vacancies plummeted to 9.9% in the third quarter of 2010. With a combination of secure occupancy rates and office rentals reputed to be amongst the highest in the Western Cape, business property in Century City remains one of the most lucrative investment opportunities in South Africa.

According to Greg Deans, a director of the Rabie Property Group which owns the development, “Century City’s popularity as an office destination has grown as the development has matured and as a result of the emergence of a three-tier market with tenants having a much broader choice of products at varying rentals”.

“The success of our residential developments is also having a positive impact on commercial lettings with a growing number of people working in the precinct choosing to live here and vice versa,” he said.

Why buy business property in Century City?

The outlook for business property in Century City for the next 12 months is positive. A drop in supply yet a steady demand for modern, decentralised office and retail space is expected to add even more value to business property.

With manageable vacancy rates, average rentals of around R105 per m2, an anticipated capitalisation rate of 9.5% and the news that South Africa’s commercial real estate market is one of the healthiest in the world all combine to add value to an already priceless product.

Business property for sale in Century City

Specialist property brokers, Mor Property Investments, sells commercial and business property in Century City and Milnerton, as well as residential property in Century City. Based in the Century City business precinct and with vast experience in bringing buyers and sellers together, Mor Property Investments are the discerning choice for potential business property investors. Contact Mor today or view their online portfolio of properties to invest in one of the most successful developments in the country.

A new 11,000m2 office block is being developed in Century City, the upmarket retail, business and leisure precinct in Cape Town. Soon to be brought to the market by Rabie Property Group, the development is set to offer fantastic investment opportunities for those seeking to buy business property or commercial property in Cape Town.

Park Lane will afford small developers and owner-occupiers the option of developing or constructing their own business premises at Century City, currently one of the most sought-after areas for office premises in Cape Town. Featuring advanced infrastructure and security, an efficient internal transport system and quick access to the Cape Town city centre, Century City is a safe, accessible and sophisticated base for business premises in Cape Town.

About the new business property development

Following the hugely successful launch of The Estuaries office park – a collection of 18 serviced commercial sites that sold out within 2 weeks – Rabie decided to launch Park Lane. And a unique investment opportunity it is: This is only the second time in the five years since Rabie acquired the remaining vacant land at Century City that it has made serviced office development sites available to owner-occupiers or other developers. Construction is nearly complete at the Estuaries, and the development is fully tenanted.

Similar success is expected of Park Lane, which comprises 16 serviced plots in a scenic park-like area, each of which will vary in size from 440m2 to 1,100m2. Century City has grown into one of the most popular business precincts in Cape Town in recent years, and business property of this calibre is usually quickly snatched up by savvy investors.

According to one of the directors of Rabie, John Chapman, the development comes in response to market demand for land that is zoned, sub-divided and smaller, yet boasts office rights in the commercial precinct. Apart from stylish architectural design, paved courtyards and proximity to Century City’s top amenities, the block will also feature undercover and ground-level parking, as well as pedestrian walkways. Completion is expected in April 2011.

Purchasing business property in Century City

If you’re looking to buy business property or invest in managed commercial property in Century City, Mor Property Investments is ideally placed to assist you. Contact us now for more insight into the latest property developments in Century City, and to view our portfolio.

We specialise in matching our clients with the most lucrative commercial property opportunities in Cape Town. Get in touch now.

A 7,000m2 eco-friendly office block is currently under construction at Century City for engineering giant Aurecon, and is being developed by Rabie Property Group at a cost of R150-million. The aim of the development is to be considered for a Green Star rating by the Green Building Council of South Africa (GBCSA).

At present, only one South African office building has achieved this rating: The second phase of Nedbank’s head office in Sandton, which was awarded the accolade for design, indicating best practices in green construction.

Century City: The ideal environment for eco-friendly business property

It’s fitting that the development is situated in Century City – one of the Western Cape’s most lush and scenic business areas. The precinct, a mixed-use development comprising retail, residential and commercial property, is surrounded by protected wetland environments, waterways and canals.

Construction of eco-friendly commercial property in Cape Town thus makes sense in this conservation-focused environment – an environment that is also sophisticated and geared towards supporting business infrastructure of any size and scope. Aurecon’s regional operations were previously based in three separate offices in Cape Town, but the company has chosen to consolidate its operations in a single building in Century City, and one that’ll provide the opportunity to demonstrate their commitment to sustainable development.
In developing Aurecon’s eco-friendly regional headquarters, construction will take into account energy, water, transport, emissions, land use and ecological issues, as well as indoor quality and materials used. Other factors that will be incorporated into construction include:

• Natural ventilation systems
• State-of-the-art air-conditioning
• Grey water irrigation systems, and collection of rain water for toilets
• Energy-efficient window glazing
• A building management system to monitor and manage energy consumption
• All work stations will feature views of the outside environment, which reduces the phenomenon of “sick building syndrome” and maximises staff productivity.

Thanks to the passive design by Maas & Coetzee Architects, the building will be designed in such as way as to receive maximum indirect sunlight and minimum direct sunlight from easterly and westerly directions.

Buying commercial property in Cape Town and Century City

Mor Property Investments is a specialist property brokerage based in Century City, Cape Town, experienced in matching investors with lucrative investment opportunities in Century City and Milnerton.

View our portfolio of business property in Century City, as well as commercial management property in Century City and Milnerton. Alternatively, contact us now to discuss your specific property investment requirements with us.

Milnerton is a residential and commercial suburb of Cape Town that is appealing to investment buyers and business owners for a number of reasons. Not only is it situated just 15 minutes from the Cape Town CBD, but it also offers quick access to Century City, Cape Town’s burgeoning business, leisure and retail precinct.
Milnerton is, in fact, centrally located to many important hubs, including the Atlantic Seaboard and the West Coast, for which it acts as a gateway. This is one of the major advantages of the suburb. The fact that is lies close to a number of highways, and that it offers good views, large properties and well-maintained buildings are other draw-cards of the suburb.

Read on to discover a number of good reasons to purchases commercial property in Milnerton. Alternatively, contact Mor Property Investments today to view our portfolio of commercial property for sale in Milnerton.

Reasons to purchase commercial property in Milnerton

If you’re looking to make a worthwhile investment in Cape Town property, and one that will offer steady returns over times, Milnerton is a superb choice. It’s an ideal area for businesses seeking neat and solidly-built commercial premises in secure surrounds, given the fact that the suburb is both well-established and well serviced.

Milnerton offers all the infrastructure required to conduct business of varying kinds. Branches of all of South Africa’s major banks are to be found in the suburb, as are a variety of convenience stores, courier companies, telecommunications facilities and fast-food outlets. Computer stores, health shops, car dealerships, tailors, estate agents and a post office are also all located in the business precinct of Milnerton, which runs alongside two major roads leading in and out of the city.

For business owners looking to make savvy investments in commercial property, the suburb offers excellent prospects. Commercial property for sale in Milnerton is far more competitively priced than that available in the CBD or even in Century City. Moreover, the district is clean, safe and scenic, and at most business premises, ample parking is available. Thus, although Milnerton is located just a short drive from the CBD, it features none of the congestion, grime and crime of the inner city. This is a key benefit for employees and clients alike, and makes for a pleasant and secure working environment.

Purchasing commercial property for sale in Milnerton

A variety of commercial property opportunities exist in Milnerton, and there’s never been a better time to invest in this highly regarded suburb. Browse Mor Property Investment’s online portfolio of property for sale in Milnerton, or contact us now to discuss your specific property requirements with us. We also offer offices to let in Milnerton.

Porsche is the latest international brand to choose Century City as its base of operations in the Western Cape. The state-of-the-art showroom and workshop is currently being developed at a cost of R85-million, and construction is expected to be completed by the end of 2010.

Porsche relocates entire Western Cape operations to Century City

According to CEO of Porsche Centre South Africa, Tony Venter, the company has relocated its entire Western Cape operations to the centrally located Century City. The expansive showroom, which comprises new and pre-owned sections, parts departments and a workshop, will cover the whole first phase of Gorrie & Findlay’s new 6232m2 development at Century Gate Business Park, located along the northern boundary of the precinct.

Plenty of on-site parking will be available, and clients will be invited to enjoy the offerings of the site’s coffee shop and explore the Porsche Design Drivers’ Selection outlet. A wheel alignment and tyre fitment facility completes the comprehensive ownership experience offered by the facility, which will showcase the latest models, including the highly anticipated new 911 Targa, 911 Turbo, 911 Gt3, Cayman and the Cayman S.

Why Porsche chose Century City commercial property

According to Venter, the decision to relocate to Century City – which boasts 24-hour security, pristine amenities and the latest retail infrastructure – was based on the fact that the precinct is very centrally located, is a rapidly-developing residential and commercial district, and enjoys remarkable traffic volumes. More than 24-million visitors flock to the precinct annually, which also houses showrooms for BMW SMG, Mercedes Benz, Smart and Chrysler Jeep.

John Corfe, Dealer Principal for Porsche Centre Cape Town, believes that the move will result in significant growth over the coming years.

Other leading brands relocating to Century City

Centurycity.co.za reports that several other top local and international businesses have recently relocated to the upmarket commercial district. These include the head office for the Spur Group, the Millennium Park office complex and the forthcoming Quadrant office park. According to Giles Balmer, Sales Manager for Rabie – the developers of Century City – negotiations are currently underway with a number of other vehicle brands eager to relocate to Century City.

“With billions of rands in new commercial and residential development coming on stream, Century City has definitely reached critical mass and is succeeding in attracting an increasing number of top brands who see the area as the region’s premier commercial hub of the future and where they need to be,” he told Centurycity.co.za.

Commercial and retail property for sale in Century City

Mor Property Investments sells commercial and retail property in Century City, and its portfolio showcases some of the most lucrative opportunities currently available. Contact Mor today to find out about property investments in Century City, or to view the portfolio of retail property in Century City and other Cape Town property for sale.

The latest Cape Town commercial property statistics reveal that confidence is growing in the retail property sector, not just in the Mother City but throughout South Africa. According to John Cleland, head of research at IPD South Africa, the first half of the year has shown increased investment trends in smaller shopping centres throughout the country. These retail nodes, ranging in size from 50,000m2 to 100,000m2, are currently enjoying popularity among commercial property investors.

Meanwhile, Cleland – quoted by Property24.com – also revealed that investors are presently “focusing on the preservation and growth of income in the face of muted capital growth.” According to the SAPOA/IPD South Africa Biannual Property Indicator, commercial property in South Africa showed a 4.6% total return between January and June this year. This follows last year’s capital depreciation of -0.7% – the only such decline recorded since 2007. Furthermore, the report showed that net income grew – although vacancies increased and yields dropped to 8.5%.

Overall, the report claims, this shows that the commercial real estate is emerging from a cyclical trough which began during the first half of last year. Moreover, Cleland states that there has been an improvement in the office space rental sector – evidenced by capital growth of 1.3% and a 6% net income growth – since its decline in 2009.

Retail property sales in Cape Town

With the retail property sector presently offering good growth potential, many investors are opting to purchase this type of commercial property in and around Cape Town. A number of worthwhile retail property opportunities exist in Century City, one of Cape Town’s most exclusive shopping, leisure and business precincts.
Century City is a sophisticated property hub that is sought-after among investors and business owners alike. Offering high-end retail and office space that caters to every size and scope of business, Century City offers a host of worthwhile property opportunities to the savvy investor.

Moreover, Century City is recognised for its good growth potential, superb infrastructure and security, and its appeal to a host of local and international corporations, many of which have chosen to base their national headquarters in this vibrant and upmarket property district.

Cape Town commercial property experts

Mor Property Investments are property specialists with extensive expertise in the Century City and Milnerton precincts. Their portfolio includes some of the most lucrative Cape Town property investment opportunities presently available in Century City, and potential buyers are encouraged to view the portfolio of Cape Town property for sale to discover a range of valuable investment prospects.