Real Estate Activities in South Africa
Price
R 1 700.00(ZAR) estimated $ 109.55 (USD)*
Real Estate Activities in South Africa
The total value of South Africa’s property sector, which comprises commercial and residential properties, was an estimated R5.8-trillion in 2014/15 up from R4.9-trillion at the end of 2010. This exceeds total annual GDP and makes the sector a critical part of the economy. Formal residential property still accounts for nearly three-quarters of property owned in the country, and grew in value from an estimated R3-trillion at the end of 2010 to R3.9-trillion. In the commercial sector the Retail property sector has the highest value at R534bn.
Pressing Issues
The commercial property sector is confronted by numerous problems: the contraction of the economy, on both a national and international level; the contraction of rental growth numbers as well as unsecured lending, particularly in the retail sector, which is placing significant stress on the economy; and the skills deficit in the sector. At the same time, industry bodies and government realise the importance of creating an attractive and inviting investment environment for local and international investors.
Property Development
In this vibrant sector there have been many joint ventures between property developers and financial institutions and public-private partnerships with local, provincial or national government. The major dealmakers during 2015 were Atterbury, Attacq, Redefine Properties, Sanlam Properties, Emira Property Fund, Actis and the Government Employees Pension Fund represented by the Public Investment Corporation (PIC). Rand Merchant Bank has entered the property development sector through a number of transactions with property funds locally and in Africa. Construction companies such as Basil Read and G5 Properties, a subsidiary of Group Five, have also entered the real estate market as developers, equity participants and asset managers.
Report Coverage
The detailed report on South African Real Estate Activities describes current conditions and recent developments in all sub-sectors, as well as factors influencing the success of the sector. The report profiles 138 companies, including the main players in the residential real estate sector, Pam Golding Properties (Pty) Ltd, RE/MAX of Southern Africa, Seeff Property Services (Pty) Ltd and Harcourts Real Estate.
Table of Contents
| PAGE | ||
|---|---|---|
| 1. | INTRODUCTION | 1 |
| 2. | DESCRIPTION OF THE INDUSTRY | 1 |
| 2.1. | Industry Value Chain | 3 |
| 2.2. | Geographic Position | 3 |
| 3. | SIZE OF THE INDUSTRY | 4 |
| 4. | STATE OF THE INDUSTRY | 27 |
| 4.1. | Local | 27 |
| 4.1.1. | Property Development | 29 |
| 4.1.2. | Commercial | 33 |
| 4.1.3. | Industrial Property | 34 |
| 4.1.4. | Retail | 36 |
| 4.1.5. | Residential | 40 |
| 4.1.6. | Affordable Housing | 43 |
| 4.1.7. | Property Valuation | 47 |
| 4.1.8. | Bond Originators | 48 |
| 4.1.9. | Corporate Actions | 49 |
| 4.1.10. | Regulations | 50 |
| 4.1.11. | Enterprise Development and Social Economic Development | 54 |
| 4.2. | Continental | 57 |
| 4.3. | International | 60 |
| 5. | INFLUENCING FACTORS | 61 |
| 5.1. | Economic Environment | 61 |
| 5.2. | Rising Operating Costs | 62 |
| 5.3. | Electricity Supply Constraints | 64 |
| 5.4. | Labour | 65 |
| 5.5. | Technology, Research and Development (R&D) and Innovation | 67 |
| 5.6. | Cyclicality | 69 |
| 5.7. | Government Initiatives | 69 |
| 5.8. | Transport Systems | 71 |
| 5.9. | Crime and Security | 72 |
| 5.10. | Consumer Education | 73 |
| 5.11. | Environmental Concerns | 73 |
| 6. | COMPETITION | 75 |
| 6.1. | Barriers to Entry | 76 |
| 7. | SWOT ANALYSIS | 77 |
| 8. | OUTLOOK | 78 |
| 9. | INDUSTRY ASSOCIATIONS | 79 |
| 10. | REFERENCES | 81 |
| 10.1. | Publications | 81 |
| 10.2. | Websites | 82 |
| APPENDIX 1 | 84 | |
| Other Legislation relevant to the real estate sector | 84 | |
| APPENDIX 2 | 86 | |
| Qualification Requirements for the Industry | 86 | |
| COMPANY PROFILES - 81990A, 84110 AND 84210B - COMMERCIAL PROPERTY INVESTMENT AND MANAGEMENT | 87 | |
| ACCELERATE PROPERTY FUND LTD | 87 | |
| ACSION LTD | 90 | |
| ADRENNA PROPERTY GROUP LTD | 93 | |
| AFHCO HOLDINGS (PTY) LTD | 96 | |
| ARROWHEAD PROPERTIES LTD | 98 | |
| ASCENSION PROPERTIES LTD | 101 | |
| ATTERBURY PROPERTY DEVELOPMENTS (PTY) LTD | 103 | |
| BEARE PROPERTIES (PTY) LTD | 105 | |
| BROLL PROPERTY GROUP (PTY) LTD | 107 | |
| CITY LODGE HOTELS LTD | 110 | |
| DELTA PROPERTY FUND LTD | 116 | |
| EMIRA PROPERTY FUND LTD | 119 | |
| EQUITES PROPERTY FUND LTD | 122 | |
| ERIS PROPERTY GROUP (PTY) LTD | 125 | |
| EXCELLERATE REAL ESTATE SERVICES (PTY) LTD | 130 | |
| FAIRVEST PROPERTY HOLDINGS LTD | 133 | |
| FIELDSPACE PROPERTY MANAGERS (PTY) LTD | 135 | |
| FORTRESS INCOME FUND LTD | 137 | |
| FREEDOM PROPERTY FUND LTD | 140 | |
| GROWTHPOINT PROPERTIES LTD | 143 | |
| HERMANS AND ROMAN PROPERTY SOLUTIONS (PTY) LTD | 148 | |
| HYPROP INVESTMENTS LTD | 151 | |
| INFRAMAX HOLDINGS (PTY) LTD | 155 | |
| INGENUITY PROPERTY INVESTMENTS LTD | 157 | |
| INVESTEC PROPERTY FUND LTD | 160 | |
| JHI RETAIL (PTY) LTD | 163 | |
| LEGACY HOTELS AND RESORTS (PTY) LTD | 164 | |
| LIBERTY HOLDINGS LTD | 169 | |
| MAXPROP HOLDINGS (PTY) LTD | 173 | |
| MERCHANT AND INDUSTRIAL PROPERTIES LTD | 176 | |
| MONTAGU HOMES (PTY) LTD | 178 | |
| OASIS CRESCENT PROPERTY FUND | 180 | |
| OASIS CRESCENT PROPERTY FUND MANAGERS LTD | 182 | |
| OCTODEC INVESTMENTS LTD | 184 | |
| OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LTD | 189 | |
| ORION REAL ESTATE LTD | 193 | |
| PARETO LTD | 196 | |
| PASSENGER RAIL AGENCY OF SOUTH AFRICA | 199 | |
| PUBLIC INVESTMENT CORPORATION SOC LTD | 202 | |
| PUTPROP LTD | 210 | |
| RBA HOLDINGS LTD | 213 | |
| REBOSIS PROPERTY FUND LTD | 216 | |
| REDEFINE PROPERTIES LTD | 219 | |
| REGUS MANAGEMENT GROUP (PTY) LTD | 223 | |
| RENPROP (PTY) LTD | 225 | |
| RESILIENT REIT LTD | 228 | |
| SA CORPORATE REAL ESTATE FUND MANAGERS (PTY) LTD | 231 | |
| SA CORPORATE REAL ESTATE LTD | 233 | |
| SABLE HOLDINGS LTD | 237 | |
| SANLAM LTD | 240 | |
| SARGAS (PTY) LTD | 245 | |
| STRATEGIC REAL ESTATE MANAGERS (PTY) LTD | 247 | |
| SYNERGY INCOME FUND LTD | 249 | |
| TEXTON PROPERTY FUND LTD | 252 | |
| TOURVEST HOLDINGS (PTY) LTD | 255 | |
| TOWER PROPERTY FUND LTD | 259 | |
| TRAFALGAR PROPERTY MANAGEMENT (PTY) LTD | 262 | |
| VISUAL INTERNATIONAL HOLDINGS LTD | 264 | |
| VUKILE PROPERTY FUND LTD | 267 | |
| ZENPROP MANAGEMENT SERVICES (PTY) LTD | 270 | |
| ZENPROP PROPERTY HOLDINGS (PTY) LTD | 271 | |
| COMPANY PROFILES – 84120A - COMMERCIAL, RETAIL & INDUSTRIAL SECTOR | 274 | |
| ABLAND (PTY) LTD | 274 | |
| ACSION LTD | 277 | |
| AFHCO HOLDINGS (PTY) LTD | 280 | |
| ATTERBURY PROPERTY DEVELOPMENTS (PTY) LTD | 282 | |
| EKURHULENI DEVELOPMENT COMPANY (PTY) LTD | 284 | |
| ERIS PROPERTY GROUP (PTY) LTD | 286 | |
| FREE STATE DEVELOPMENT CORPORATION | 291 | |
| GROUP FIVE LTD | 294 | |
| GROWTHPOINT PROPERTIES LTD | 298 | |
| HYPROP INVESTMENTS LTD | 303 | |
| INGENUITY PROPERTY INVESTMENTS LTD | 307 | |
| INVESTEC PROPERTY (PTY) LTD | 310 | |
| KEYSTONE INVESTMENTS (PTY) LTD | 314 | |
| LIBERTY HOLDINGS LTD | 316 | |
| MONTAGU HOMES (PTY) LTD | 320 | |
| OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LTD | 322 | |
| ORION REAL ESTATE LTD | 326 | |
| RABIE PROPERTY GROUP (PTY) LTD | 329 | |
| RBA HOLDINGS LTD | 332 | |
| RENPROP (PTY) LTD | 335 | |
| RPP DEVELOPMENTS (PTY) LTD | 338 | |
| SABLE HOLDINGS LTD | 340 | |
| SUMMERCON HOLDCO (PTY) LTD | 343 | |
| SWISH PROPERTY GROUP | 345 | |
| TCI PROPERTIES (PTY) LTD | 347 | |
| TONGAAT HULETT DEVELOPMENTS (PTY) LTD | 349 | |
| VISUAL INTERNATIONAL HOLDINGS LTD | 351 | |
| WBHO CONSTRUCTION (PTY) LTD | 354 | |
| WESTBROOK RESIDENTIAL DEVELOPMENT (PTY) LTD | 358 | |
| ZENPROP PROPERTY HOLDINGS (PTY) LTD | 360 | |
| ZOTOS BROTHERS (PTY) LTD | 363 | |
| COMPANY PROFILES – 84120B - DEVELOPMENT OF SUSTAINABLE HUMAN SETTLEMENTS - RDP HOUSING | 365 | |
| CALGRO M3 HOLDINGS LTD | 365 | |
| INFRAMAX HOLDINGS (PTY) LTD | 369 | |
| NU-WAY HOUSING DEVELOPMENTS (PTY) LTD | 371 | |
| POWER DEVELOPMENT PROJECTS (PTY) LTD | 373 | |
| TRUSTGRO DEVELOPMENTS (PTY) LTD | 376 | |
| COMPANY PROFILES – 84120C - DEVELOPMENT OF LEISURE RESORTS & HOTELS | 378 | |
| CITY LODGE HOTELS LTD | 378 | |
| KAT LEISURE (PTY) LTD | 384 | |
| LEGACY HOTELS AND RESORTS (PTY) LTD | 386 | |
| PEERMONT GLOBAL (PTY) LTD | 391 | |
| SUN INTERNATIONAL LTD | 396 | |
| TSOGO SUN HOLDINGS LTD | 402 | |
| COMPANY PROFILES – 84120D - INDUSTRIAL DEVELOPMENT ZONES | 411 | |
| COEGA DEVELOPMENT CORPORATION (PTY) LTD | 411 | |
| EAST LONDON INDUSTRIAL DEVELOPMENT ZONE SOC LTD | 414 | |
| RICHARDS BAY INDUSTRIAL DEVELOPMENT ZONE COMPANY (PTY) LTD | 417 | |
| COMPANY PROFILES – 84210A - RESIDENTIAL REAL ESTATE | 420 | |
| AIDA NATIONAL FRANCHISES (PTY) LTD | 420 | |
| ELECTRONIC REALTY ASSOCIATES (SOUTH AFRICA) (PTY) LTD | 424 | |
| EVERYBODY WINS REAL ESTATE FRANCHISING (PTY) LTD | 428 | |
| FIRST REALTY CENTRAL (PTY) LTD | 436 | |
| GEFFEN INTERNATIONAL REALTY FRANCHISES (PTY) LTD | 441 | |
| JUST PROPERTY GROUP HOLDINGS (PTY) LTD (THE) | 445 | |
| LEAPFROG PROPERTY GROUP (PTY) LTD | 447 | |
| MY AFRICA PROPERTIES (PTY) LTD | 450 | |
| PAM GOLDING PROPERTIES (PTY) LTD | 452 | |
| PROPERTY REFERRAL NETWORK (PTY) LTD | 454 | |
| REALTY ONE INTERNATIONAL PROPERTY GROUP (PTY) LTD | 457 | |
| SEEFF PROPERTY SERVICES (PTY) LTD | 460 | |
| WAKEFIELDS REAL ESTATE (PTY) LTD | 462 | |
| COMPANY PROFILES – 84210C - PROPERTY EVALUATION | 464 | |
| APPRAISAL CORPORATION CC | 464 | |
| BROLL VALUATION AND ADVISORY SERVICES (PTY) LTD | 466 | |
| CAPE VALUE (PTY) LTD | 468 | |
| CORPORATE VALUATIONS CC | 470 | |
| DDP VALUERS (PTY) LTD | 472 | |
| ERIS PROPERTY GROUP (PTY) LTD | 475 | |
| MAGNUS PENNY ASSOCIATES CC | 480 | |
| MILLS FITCHET (EAST COAST) CC | 482 | |
| MILLS FITCHET (GAUTENG) CC | 484 | |
| MILLS FITCHET (KZN) CC | 485 | |
| MILLS FITCHET (NATAL) (PTY) LTD | 487 | |
| MILLS FITCHET (PWV) (PTY) LTD | 489 | |
| MILLS FITCHET (TRANSVAAL) (PTY) LTD | 490 | |
| RODE AND ASSOCIATES (PTY) LTD | 492 | |
| S A APPRAISERS AND VALUERS CC | 494 | |
| SPECTRUM VALUATIONS AND ASSET SOLUTIONS (PTY) LTD | 496 | |
| COMPANY PROFILES – 84210D - BOND ORIGINATORS | 498 | |
| BETTERLIFE HOME LOANS (PTY) LTD | 498 | |
| INTELLIGENT DEBT MANAGEMENT (PTY) LTD | 500 | |
| MORTGAGE PLUS CC | 502 | |
| OOBA (PTY) LTD | 503 |
