Last week, the South African Reserve Bank (SARB) announced a cut in the repo rate by 25 basis points, changing the prime lending rate to 9.75%. While this cut has been widely welcomed by commercial property owners, John Jack, CEO of Galetti Corporate Real Estate believes that the cut is smaller than one would have

Considering the instability of last year’s economic landscape, through-the-roof unemployment, the darkest hours of load shedding so far, decreased international and local confidence and the looming downgrade rating knocking on 2020’s door – the lucky ones sitting at the top of SA’s richest were relatively unharmed. However, when it comes to comparing SA’s richest to

A Year of Disruption & Confidence in CRE 2020 will welcome major shifts and a highly anticipated shake up in Commercial Real Estate (CRE). It’s ‘do or die’ for industry players with the need for adaption, diversification and innovation at an all-time high. Following a grim 2019, the cautiously optimistic outlook for 2020 has the

Things to keep in mind As the festive season fast approaches, most companies are looking forward to the downtime and a well-deserved break. However, some may see this “cooling down” period as the perfect time to either stay or go and relocate to new and better premises. Moving over the holidays requires precise planning. The

Work, Live, play Nothing typifies modern, inner-city working better than mixed-use developments. As the name suggests, these developments combine commercial, residential and even industrial spaces into one property. Often located in bustling hot spots, many businesses are making mixed-use buildings their new home. Particularly attractive in high density, high demand cities such as Cape Town

Sceptics dubbed it a fad, but coworking spaces are here to stay, and they’re set to take over in 2020! Initially designed to accommodate entrepreneurs and freelancers, coworking spaces have taken millennial terms such as ‘collaboration’ and ‘community’ to a whole new level. Coworking has found a home in South Africa and entrepreneurs and corporates

A couple of weeks back our management team attended a marketing conference in JHB where Michael Baretta, the keynote speaker, addressed a room of entrepreneurs about finding their brand’s purpose and of maintaining a purpose-driven organization. The goal of a brand’s purpose is to unite internal cultures in the pursuit of making a tangible difference

Business Live Article By Nastassia Arendse 21 October 2019 After experiencing its worst year in two decades in 2018, the R565bn listed property sector has struggled to gain any sustainable momentum in 2019. Not only has a weak economy put pressure on share prices, but dividend growth is also muted. In 2018, the SA Listed Property

WeWork has arrived in the country and could be the rescue that both owners of office buildings and their occupiers have been looking for. The business, which initially started as a community workspace offering flexible co-working options to small business, quickly expanded to offer community-based workspaces to enterprise clients. Who do we mean by enterprise

Over the past few months we have identified a definitive trend which shows that buyers and sellers are moving further apart. What does this mean though? Read on. There has been a noticeable increase in the bid-offer spread with purchasers bidding approximately 20% lower than the asking price of a given building. In the South