Marketplace March 2016
Here’s what March property news, reports, and dream homes you should be aware of. We look at Jozi’s Maboneng Precinct, the 2015 Corobrik Most innovative Landscape Architect winner and more…
By mid-2016, Jozi’s Maboneng Precinct – arguably South Africa’s biggest urban-renewal success story – will have doubled in size since it launched in 2009. This year sees the opening of the following developments: Market Up phase two, Situation East, Evolution House, Craftsmen’s Ship, Maverick Corner.02, The Cosmopolitan, Drivelines, Kuhlcher Café at 305 Fox Street and Aerial Empire.
Frank Kleinschmidt is the winner of the 2015 Corobrik Most Innovative Landscape Architecture award. The University of Cape Town graduate won for his innovative Street Tactics board-game, which explores the exciting urban-design concept of ‘tactical urbanism’. This trend, which started to gain momentum in 2010, involves the use of less-expensive community-based interventions to improve urban spaces. According to Kleinschmidt, it’s a form of civic intervention that allows private citizens and communities to use low-cost temporary measures at grassroots level to improve problem areas in their neighbourhoods themselves, thereby avoiding bureaucratic processes. The game focuses on Foundry Road in Salt River, where players can evaluate different design scenarios put forward by different characters with different agendas and resources. Players then consider the legacies, good and bad, that these temporary installations leave behind.
According to Pam Golding Properties Western Cape managing director Laurie Wener, properties near good transport links have shown stronger growth than those that aren’t. Over the last six years the City of Cape Town has invested significantly in public transport, a big bolster to the city’s real-estate market. By September 2015, the MyCiTi Bus service had 31 routes covering about 1,27 million kilometres each month. There were 36 stations, more than 500 bus stops and more than 215 buses in the peak-hour periods, transporting 47 909 passengers each weekday. ‘Given the increasing numbers of vehicles on the road, rising fuel prices and people’s expectations of convenience, the more varied transport options you have, the more capital gain you can expect,’ says Wener.
Bryanston Bubbles Up
Knightsbridge Manor office park in Bryanston, Johannesburg, owned by Emira Property Fund, has started a major R795-million redevelopment into a premium-grade, green-star-rated office complex. The makeover will be completed in three phases, with the result being a tripling in size, to offer 29 000m2 of office space suitable for all types of businesses. Located in a prime position on Sloane Street, the new Knightsbridge will be defined by quality design and finishes, and will feature resource-efficient state-of-the-art mechanical and electrical installations, including a back-up water supply, a chilled-water system, and rainwater-harvesting for irrigation, standby generators, lighting sensors, access control and CCTV.