977
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Propertydecor, trends, luxury, design & real estateMARCH 2011 Winner of 9 publishing awards
kWAzulu-nAtAlEst. 2004, Issue 219
Guest editor real estate
BERRy EvERItt, CEO CHAs EvERItt
IntERnAtIOnAl
Dream honeymoon destinations • Midrand: Where corporate and country collide
ParaGon architectstAkE On tHE WORld
HAs tHE 2010 WORld Cup HElpEd FOREIgn InvEstMEnt In sA?
Eclectic living in Sea Point
stylish APARTMENT
RS
A R
34
.95 (
incl V
at)
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ther
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0 (
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info@royalpalmestates. www.royalpalmestates.netSales & Letting Team: 086 123 PALM
Sectional TitleApartments
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Royal Palm family Estates is situated 13 kilometers North of Ballito and 23 kilometers North of the new King Shaka International Airport and Dube Trade Port and is a short distance from the beach.
Family Estate
March 2011 | 1
DECOR
08 HOT PROPERTY – HOT SPACE Retro design, green heart –
Coastlands Umhlanga Hotel &
Conference Centre.
.
14 SIXTH SENSE Eclectic style and spectacular
views combine in this fabulous
Sea Point apartment.
TRENDS
09 HOT PROPERTY– HOT PLATE
Insight from winemaker
Estelle Lourens, great eats
from Mr Mozzie’s, Bartho’s Fish
Co. and Litchi Orchard’s market
and café, and simple, fresh
fl avours at Bamboo Lounge at
Ocean Reef Hotel.
10 HOT PROPERTY – HOT SHOP
The most covetable items on
the shelf right now
21 THE MIDWAY MARK A little bit city, a little bit country,
Midrand, Gauteng, is forging
ahead as an area to watch. We
tell you why.
24 BIG MONEY OR ‘FEEL GOOD’ SENTIMENT?
Has the 2010 Fifa World Cup
lived up to our expectations?
We look at the impact it’s had on
foreign investment over the past
nine months.
52 SOCIETY Out and about with the beautiful
people in KwaZulu-Natal.
56 SOUTH AFRICAN ART TO WATCH
Five up-and-coming young
artists whose work you should
be buying.
LUXURY
32 HONEYMOON BLISS Honeymoon getaways to
suit everyone’s taste – from
glamorous and luxurious to
rustic and secluded.
DESIGN
11 HOT PROPERTY– HOT DESIGN
Furniture designer James Mudge,
aesthetically friendly security,
the colours you’ll need for winter,
a new range of Afro-chic fabrics,
and Tamarillo Ceramics come
to KZN.
28 PASSIONATE BY DESIGN
Anthony Orelowitz and Henning
Rasmuss of Paragon Architects
are making their mark both
locally and internationally.
REAL ESTATE
13 RISING AND SHINING Liezel van der Westhuizen,
presenter on SABC3’s Expresso,
reminisces about her fi rst home in
Centurion, Gauteng.
38 GROUND CONTROL We speak to the legal top guns
on the benefi ts and pitfalls facing
non-resident property investors.
41 THE YEAR OF THE CONSUMER
Real Estate Guest Editor,
Chas Everitt International
CEO Berry Everitt, believes two
key pieces of legislation will
impact the industry in 2011.
42 RESIDENTIAL Upmarket apartments on the
coast, property predictions,
and the health of the
buy-to-let market.
44 COMMERCIAL Zenprop continues its growth in
Riverhorse Valley, a new Tysons
Properties franchise opens,
and the North Coast hospitality
industry hots up.
46 PROPERTY FUND Where to place your bets,
a brighter outlook for
offi ce-focused funds, and listed
property fi rms are ranked among
SA’s top 100 companies.
48 OFFSHORE
Luxury villas in Eden Island, a
magnifi cent lifestyle estate in
Mauritius, UK opportunities, and
help buying in France.
50 AUCTION A stylish Sandton penthouse,
goes under the hammer, the
commercial and industrial auction
industry turns the corner, and a
fundraising auction is planned to
rename a new species of iris.
51 GREEN BUILDING Nestlé offi ces get Green Star
rating, Robben Island gets
eco- friendly and Villiera Wine
Estate makes solar progress.
14
MARCHContents 28 32
ON THE COVERPrime property in Sea Point
marries old with new. See page
14 for details.
Retro design, green heart –
14 Eclectic style and spectacular
56
La GrangeINTERIORS69
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On this mOnth’s cOvers Western Cape: Langezandt Fishermen’s Village. Johan Roodt, +27 (0)82 483 9496, langezandt.co.za
Gauteng: Park Inn by Radisson, Sandton. +27 (0)11 303 1000, parkinn-sandton.comKwaZulu-Natal: Stylish apartment – Eclectic living in Sea Point
Why MozaMbique property is on the up
has the 2010 World Cup helped Foreign investMent in sa?
Guest editor real estateberry everitt, Ceo Chas everitt international
Dream honeymoon destinations • Midrand: Where corporate and country collide
PropertyWestern Cape
Langezandt Fishermen’s VillageoVerBerG Bliss
ParaGon architectstake on the World
PropertyGAUTENG
Guest editor real estateBERRy EvERITT, CEO CHAs EvERITT INTERNATIONAl
Dream honeymoon destinations • Midrand: Where corporate and country collideWhy Mozambique property is on the up
ParaGon architectsTAkE ON THE WORld
HAs THE 2010 WORld CUp HElpEd FOREIGN INvEsTMENT IN sA?
Sandton’s firstPark inn by radisson
PropertykWAzulu-nAtAl
Guest editor real estate
BERRy EvERItt, CEO CHAs EvERItt
IntERnAtIOnAl
Dream honeymoon destinations • Midrand: Where corporate and country collide• Why Mozambique property is on the up
ParaGon architectstAkE On tHE WORld
HAs tHE 2010 WORld Cup HElpEd FOREIgn InvEstMEnt In sA?
Eclectic living in Sea Point
stylish APARTMENT
Property
nedbank Property Association Awards 2010: Winner – Mover & Shaker Award (Tony Vaughan) PicA Awards 2009: Winner – Special Award, Overall Publishing Excellence PicA Awards 2008: Winner – Consumer Magazines, Largely Free Distribution, and Highly Commended: Editorial Excellence, Public Interest Writer of the Year (Ed Suter) 20th sAB environmentalist of the Year & environmental Journalists of the Year Awards 2008: Winner – Merit Award, Print & Internet sAPOA Property Journalism Awards 2008: Winner – Best Property Publication, and Special Mention – Property Feature Journalist (Ed Suter) PicA Awards 2007: B2B – Publishing Excellence, Leisure mondi magazine Awards 2005: Winner – Foresight sAPPi PicA Awards 2005: Winner – Philip Tyler Trophy for Innovation in Magazine Publishing Brandhouse media Owners challenge Awards 2005:Winner – Innovation in Publishing sAPPi PicA Awards 2005: B2B – Highly Commended
mondi magazine Awards 2004: Industry – Finalist Launch Edition: April 2004
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Published monthly in three regional issues: Western cape, Gauteng and Kwazulu-natalCurrent ABC Audited Circulation (Q3 2010, July–September)
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eDitOriAlEditor sandy Welch [email protected] Bureau ChiefJackie Gray [email protected] Bureau ChiefAnne schauffer [email protected] Subeditor Yaron BlecherSubeditormariola FouchéFeatures WritersGenevieve Fisher, Andrea Firth (Western Cape)André Fiore (KwaZulu-Natal)
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cOntriBUtOrsBerry Everitt, Jackie Gray, Carol Johnson, Joan Muller, Gareth Stokes, Lisa Witepski
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4 | March 2011
Sandy Welch, Editor
In the eye of the beholder
If you haven’t yet, you really should …
One of my favourite fairytales of all time is The Emperor’s New Clothes. I love it because you can apply it to so many everyday situations. (If you’ve lost touch with your childhood roots and can’t remember the story, go to emperorsnewsuit.com.) My interpretation is that it’s about people forcing themselves to believe something because everybody else believes it, which in turn guarantees they are cool. Until one day someone points out that actually it’s not cool … The latest case in point is those power bracelets that claimed to balance your body’s natural energy � eld. With absolutely no concrete studies, the producers convinced people through clever marketing and the endorsement of various celebrities that their product was the answer to becoming a super-human. Consumers snapped them up faster than you can say ‘passing fad’. Then some savvy Australian decided to ask for proof … and it emerged that there wasn’t any.
But back to my favourite fairytale. I suppose you could say the child in the story was what we’d call a ‘whistleblower’, someone who’s not afraid to tell the truth as they see it. That’s pretty much how the case of Wendy Machanik Properties was brought to light. At the time of going to press, the company had been prohibited from trading for misappropriating trust funds. It’s not the policy of
this magazine to judge anyone, particularly as the case is still under review. What was most disturbing to me, however, was the public backlash on various internet news sites against the real-estate industry as a whole, something I think is unwarranted. As a homebuyer, though, do you have cause for concern? The main thing is to safeguard yourself – never hand over money without being given proof of where it will be deposited, and only deal with agents who have a Fidelity Fund certi� cate or a membership card for the IEASA. You can also request to view, by means of a password, the trust account in which your deposit is being held, and insist that the trust fund is audited twice a year.
It’s hard to believe that this time last year we were cautiously anticipating the 2010 Fifa World Cup. I remember pessimism still outweighing optimism, hotel beds not yet � lled, and people who’d been promised buckets of money through renting out their homes suddenly realising it wasn’t going to happen. And then we had that incredible month when we got to polish our rainbow. So, now, almost nine months after the event, what’s actually happened? We went ahead and built it – but have they come? Find out in our Insight story on page 24. And for just a few minutes, relive the glory.
Visit the Imbizo Art Gallery at the
Ballito Lifestyle Centre to see the
Carl Smyth Collection of Richard
Scott’s Gold Tree paintings. (And
maybe even buy one!) I love the
principle behind these artworks, in
which Richard is saying that if you
plant your own golden seeds, one
day your gold tree will grow. He has
already proven to be an artist with
huge investment potential – a work
called ‘Jacaranda Tree’ he sold in
2002 is today worth R54 720.
+27 (0)32 946 1937
imbizogallery.co.za
Visit La Grange’s new showroom
in Umhlanga. I’m crazy about this
gorgeous range, which combines
an eclectic mix of 100% natural
woven kubu furniture with pieces
made from reclaimed wood,
industrial metals, brass, iron and
glass. With smart upholstery and
bold, patterned cushions, it is a
perfect addition to any space.
You will fi nd the showroom on
Umhlanga Rocks Drive.
+27 (0)31 566 1137
lagrangeinteriors.co.za
Learn more about Cape Town’s
bid to become the World Design
Capital for 2014. The theme of the
bid, which will be submitted in March,
is ‘Re-connection’, and it will cover a
variety of different aspects of the city,
from the Integrated Rapid Transport
system through to the recently
named area, The Fringe: Cape Town’s
Innovation District. If it wins, the city
will get the opportunity to present its
perspective on design to the rest of
the world for the whole year through
a series of events. World Cup fever all
over again.
+27 (0)21 419 1881,
capetown2014.co.za
THE PROPERTY MAGAZINE
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0861 765 833
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TIME OUTThis is just a short note to compliment you and your team on a fascinating edition of your regular magazine. During my busy year I don’t � nd time to digest all of the articles, but having spent three fantastic weeks at our holiday home in Hermanus, I found plenty time between cricket matches on the TV to read the interesting articles you put together in your December/January issue. Well done! Normally I scan the magazine to see prices of homes in those exotic places, and also look with interest at the movement of prices that are more in our price range. From now on I will be reading everything, including some of the unusual adverts, such as the one for the solar sheet. Getting to see those items for homes and where to � nd them is a big attraction, so be assured I am looking forward to your next issue.Bob Cork, Westlake, Cape Town
Property involves us all. What’s your view? Email [email protected].
You tell us
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email: [email protected]
Gauteng & Mpumalanga:• Andy 083 588 2481 Brian 082 327 3057
• Chris 083 603 3978 Imraan 083 786 7554
Western Cape:• Hamied 082 968 6445 Archie 082 458 8303
email: [email protected]
Rest of South Africa and Countries surrounding South Africa• Hassan 083 456 8703 email: [email protected]
• Raoof 084 525 5058 email: [email protected]
SOLD!I have just read the February issue of The Property Magazine, and it’s truly a great read. Well done on the new look and feel. Most importantly, thank you for allowing me to be your � rst guest editor. I truly appreciate it. Wishing you and your team health, happiness and success for 2011.Rael Levitt, CEO, Auction Alliance, Cape Town
PEER REVIEWI picked up the February issue of The Property Magazine, and 45 minutes later I had read every page. Enthralling! I honestly don’t remember when I last lay down with a publication and read it from cover to cover. I guess when you’ve been in PR for 18 years, you’re inundated with publications to browse through to � nd angles, columns and opportunities, and it’s often di� cult to just switch o� and see a magazine for what it is. Compliments on an enjoyable read, fascinating articles, spacious layout and fresh look. Wishing you lots of luck in the future with your publication. Here’s to a rewarding 2011!Nicole Chamberlin, via email
LETTERof the Month
facebook.com/thepropertymagazine twitter.com/thepropertymag
Loved your Dec./Jan. bumper issue! It was more than informative for all the property consultants I know. Keep it bumping! Dave Kekana
WINNING LETTERWrite to us and you could
win a Bugatti Glamour Range
kitchenware hamper valued
at R1 500!
Thanks to a team of specialist
designers, the comprehensive
range of products is all about
quality, beauty and practicality.
italianlifestyle.co.za
8 | March 2011
Coastlands Umhlanga
Hotel & Conference
Centre is perfectly poised
on Umhlanga Rocks
Drive, each room breathing in the
restorative, 180° vistas from Ballito to
the Bluff. The second four-star hotel
in as many years to be developed
by the Saantha Naidu Group, this
luxurious, 30 000m2 development
not only has seven hotel floors, but
three commercial and retail floors
with restaurants, a convention centre
with seven conference rooms, and an
extensive pool deck too. The fine mix
of hotel, retail and business services
will soon be joined by a health and
beauty spa.
PGA Architects was tasked with
creating ‘an iconic building unlike
anything else on the Ridge’. They did
so ‘by expressing the building’s form
through bands of colour which define
the edges and functional zones of the
lift lobby, the fourth-floor hotel lobby,
and the commercial wings.’
They continue, ‘Our design
philosophy is always focused on
sustainability: we combine technology
and energy-efficient systems with
the traditional, passive principles
appropriate to the South African
lifestyle. For Coastlands Umhlanga, we
incorporated a 90% green Resocrete
cladding system, a triple-glazed
facade and ventilated double skin of
Solarshield glass to increase natural
daylight and ventilation in the internal
spaces. All landscaping is indigenous.’
Fahrenheit Design managed the
interior design and decor of the first
Coastlands (on the Ridge), says Design
Director Grant Webster, ‘so this new
hotel was effectively “Big Brother”. He
adds, ‘The design was only determined
by the client in terms of functionality,
which freed us up to be very creative.
Everything was customised. We even
designed a carpet specifically for
the group, and another for a 1m2 tile
format.’ The practice prides itself on
its trademark edgy, often sensual look,
and on this project, set finishes such as
retro, high-gloss stained kiaat against
contemporary stainless steel, and
geometric prints against antique-style
furniture. ‘The combination of straight
lines with circles and segments of
curves adds interest to a hotel design,’
says Grant, ‘and in this case, gives a
slightly ’70s, retro feel.’
The core of the hotel – the 5th
to 10th floors – is a lofty five-storey
atrium edged with walkways, with the
guest lobby at the base. To mirror
this sense of space, all rooms have
been standardised with carpeting,
paint and furniture shaping. But, rising
floor by floor, the wallpapers, fabrics
and colours become lighter in colour
and texture. The fifth floor contrasts
quite sharply with the freshness of the
upper floors, so guests enjoy different
leisure experiences.
Coastlands Umhlanga leans
towards the executive traveller
seeking a large dose of luxury, but the
numerous on- and off-site features
make it ideal for the leisure traveller.
This hospitality newcomer straddles
both worlds. Much like Umhlanga New
Town Centre, where work and play are
happy bedfellows.
+27 (0)31 514 6500, coastlands.co.za;
+27 (0)31 312 3335,
fahrenheitdesign.co.za;
+27 (0)31 563 0848,
pgaarchitects.co.za
HOT space
HOT pROpeRTY
1Strong lines and diffused light welcome guests to the hotel lobby. 2‘Plush’ is the signature feel in every
room. 3A gracious sense of space at the hotel’s core 4Detail is everything. 5Fine dining at Saffron restaurant.
Visit thepropertymag.co.za for more fabulous
getaway destinations. Wo
rds
Anne S
chauff
er
Pho
tog
rap
hs
Sally
Chance
Glamour on the rocksOn the surface, the glam new Coastlands Umhlanga Hotel & Conference Centre may appear charcoal with accents of red, but underneath, it’s all green.
1 3 4 5
2
March 2011 | 9
HOT PROPERTY
HOT PLATE
Host the perfect dinner party with fresh fi ne food, or head out to a couple of family-friendly eateries.
For fans of Mr Mozzie’s, some tasty new
titbits! New ranges include smoked ostrich
fi llet cold cuts prepared according to
gourmet recipes – ideal for guilt-free,
low-cholesterol lunches and snacks. For
bigger appetites, Mozzie’s home- smoked
bokwurst footlong is proving to be a
popular fi ller for those on the move.
Healeys’ multi- award-winning Farmhouse
Cheddar is now available in KwaZulu-Natal
exclusively from Mozzie’s. Rib- eye steak
is now a regular too. Still situated on the
corner of Argyle and Stamford Hill Roads
and in La Lucia Mall, Mozzie’s is now also
in the Hillcrest Centre at 38 Old Main
Road. +27 (0)31 309 1499
Surrounded by indigenous dune-lands and milkwoods, and with its own boardwalk providing direct
access to the beach and natural rock pool, the refurbished Ocean Reef Hotel at Zinkwazi is a little
piece of lagoon-side paradise. In addition to the superb two-bedroom penthouse suite, the hotel offers
38 rooms, and has been designed using a fresh Afro-Indonesian palette of neutral colours and rustic
tones that blend in with the natural setting of beach and indigenous bush. The hotel’s Bamboo Lounge
restaurant offers simple, freshly prepared foods with a mix of fl avours inspired by diverse cultures. Key
dishes include a succulent Brazilian espetada, the signature pizza topped with prosciutto, beetroot
and Gorgonzola, and seafood delights, including Spanish prawns with mussel and clam paella and local
linefi sh baked whole in wood-fi red ovens then served wrapped in banana leaves. There’s also a kid’s
menu that includes many favourites. Enjoy indoor dining in the air-conditioned restaurant or al fresco
beside the pool. +27 (0)31 312 6250, signaturelifehotels.com
Beach treat
Meaty off ering
ESTELLE LOURENS,winemaker at Uitkyk, talks to us about the
recent release of the estate’s 2007 Carlonet
to mark the wine’s 50th anniversary, as well as
what it is like being a woman in the ‘boys’ club’
of winemaking.
Q What is your most memorable wine experience?It was in 2003 when I took a bottle of the
2001 Carlonet – my fi rst vintage at Uitkyk –
home for my father to taste. It was the fi rst
wine he actually liked. Until that point, no wine,
whether made by me or anyone else, had
impressed him. It was a very special moment.
Q What would you pair the 2007 Uitkyk Carlonet with?Nurturing, sustaining foods, such as lamb
shank or oxtail.
Q What wines do you currently enjoy drinking?At the moment it would be chilled whites,
particularly the 2010 Uitkyk Sauvignon
Blanc, as it is crisp and refreshing, and the
2009 Uitkyk Chardonnay, for its elegance
and citrus tang.
Q As one of the few female winemakers at an established estate, what has working in a male-dominated industry been like for you?I have always found my fellow winemakers
to be very enabling and supportive, ready to
give advice and also to give me the chance
to do things my way. In my earlier days there
were some colleagues who tried to make
things easier for me, but more out of a sense of
gentlemanliness than paternalism.
+27 (0)21 884 4416, uitkyk.co.za
10 | March 2011
Field to forkOffering a good dose of fresh air, the certainty of baskets full of
home- grown goodies and some time out in a relaxed environment, the
Litchi Orchard Market runs on the fi rst and third Saturday of each month,
from 8 a.m. to 1 p.m. Set on The Litchi Orchard farm in Salt Rock, the
market is a wholly family-owned-and-run venture offering foods and related
products that are fresh, local and sustainably produced. Sample and select
goods ranging from coffee and wines to meats, cheeses, pickles, preserves,
dressings and bakes, or snack on the spot at the tables and picnic facilities
provided. For those interested in gardening, the market backs onto the
Orchard Nursery. It is being developed into a food plant nursery with a wide
range of vegetable and herb seedlings and fruit and nut trees, and is well
known for its bougainvilleas and palms. Worm-farm kits and composting
units are also available. litchiorchard.co.za
Country caféThe new Orchard Café at The Litchi Orchard in Salt Rock offers fresh
locally produced food in a laid-back country setting. Many ingredients are
sourced from The Litchi Orchard’s market stallholders and the café aims for
a simple, sustainably produced menu and local fl avours. With space for kids
to spread out and good coffee tailor-made by the neighbouring Beanstruk
Coffee Roasters, breakfast or lunch under the trees promises to be a
relaxing occasion. litchiorchard.co.za
Exotic fashion, smooth cocktails and the freshest of fi sh.
HOT SHOP
HOT PROPERTY
A PERFECT TENMaintaining a tradition of excellence that
reaches back to 1830, Tanqueray No. Ten is
the only gin in the world to be distilled from
whole fresh citrus fruits and botanicals.
Its distinct fl avour creates exceptionally
fresh-tasting cocktails, such as this martini:
70ml Tanqueray No. Ten
5ml vermouth
Stir the ingredients and serve in a frozen
martini glass with grapefruit peel to garnish.
+27 (0)21 442 7374, brandhouse.co.za
JEAN-EALOGYSouth African fashionistas can
now indulge in the whimsical
women’s clothing brand, Lily
Jean. Inspired by the beat of
the Brazilian samba, the exotic,
tropical fl ora of Bali and the
wild Australian outback, the
range is now available at all
Alexandra Del Lago stores.
+27 (0)21 418 0625,
alexandradellago.com
BIG CATCHFoodies in the Nottingham Road area are delighted by the opening
of Bartho’s Fish Co. in Meander Square. It’s the brand-new sister
shop to the highly popular Bartho’s Fish Co. in Durban North. In just
under a year, Bartho brothers Daryl and Brett have created waves
with their ultra-fresh selection of local seasonal fi sh, squeaky clean
trading premises and passion for sharing
their years of fi shing experience
and recipes. Pop in for specialities,
including sushi-grade fresh tuna and
Scottish salmon, smoked marlin,
’cuda, dorado, swordfi sh, various
whole linefi sh, and prime hake and
kingklip fl own in weekly
from Cape Town.
+27 (0)31 563 7534
March 2011 | 11
Making your home beautiful is as important as keeping it safe for you and your family.
HOT PROPERTY
HOT DESIGN
JAMES MUDGEis a Cape
Town- based
furniture designer
and manufacturer
whose products
are appearing
everywhere,
including at the
upmarket wine-farm
restaurants Pierneef à La Motte and the Olive
Shed at Tokara. He talks to us about his love of
antiques, building his mother’s house and his
must-have furniture item for 2011.
Q What is the most memorable project you’ve worked on to date, and why?I built a house at the sea for my mother a
few years ago. It is made of wood, and it was
like building a giant piece of furniture. I have
just returned from a family holiday there, and
it certainly is special – a giant fi shing shack
surrounded by natural bush. Looking back,
it was a mammoth task – I’m not quite sure
how I managed it. My team and I used a lot of
second-hand material, which added enormous
character to the home, and it seems to be
getting better and better with age and use.
Q What is the one home interior item you are lusting after?I am after a big antique leather sofa with a
horse-hair-and-goose-feather stuffi ng – the
type that goes ‘pfhhh’ when you sit on it. It’s
defi nitely on my ‘most wanted’ list.
Q Where do you fi nd inspiration for the work you do?I fi nd antiques very inspiring, as they often
come from a time when things were done
properly by people who spent a lifetime
acquiring their skills. There is a lot more
to making solid wood furniture than most
people think. I also fi nd my raw materials very
inspiring, as well as fl ea markets. I love seeing
the junk that people collect as well as how
they have adapted everyday items to suit
their needs.
Q What project are you currently working on?Apart from my usual trade, I’m working on a
proposal for another wine farm and have a few
more pieces to make for Mavromac’s fl agship
showroom in Cape Town, which I completed at
the end of last year.
+27 (0)79 171 8240, jamesmudge.com
New linesInspired by nature and brought to life by ceramic
stylist Lorrae Mehmel, Tamarillo Ceramics are
now in KZN and available exclusively at Teremok.
The Tamarillo range features bold images of
indigenous fl ora and fauna that are striking in their
modernity yet retain an organic feel. The range
includes tea sets – jugs, teapots and sugar bowls
– that bring a spark to a classic pastime, water
jugs suitable for any occasion and chic enough to
hold a fl oral arrangement and fun, ‘silly’ vases that,
needing only a single stem, make a simple, stylish
and cost- effective statement. Also included in the
range are ink-on-canvas artworks that complement
the ceramics or can be mixed and matched for a
personalised collection of contemporary art.
+27 (0)31 561 5848, teremok.co.za
Sophisticated securityIf you’re tired of your home’s security
arrangements impacting on the aesthetics,
then the new Trellidor Clear Guard is defi nitely
worth investigating. The product consists of an
aluminium frame and a high-tensile steel mesh
insert that keeps intruders out but allows your
views to remain unobstructed.
0861 873 55 43 67, trellidor.co.za
Winter woolliesYou may not be thinking about
winter yet, but it pays to plan
ahead. Woolworths’s winter
range steers away from the usual
greys and monochrome winter
shades this season and instead
employ vibrant colours, such
as deep purples, bright
fuchsias and rich blues.
0860 100 987,
woolworths.co.za
12 | March 2011
HOT STUFF
Party animalTo get the party going and keep it that way, Leopard
Productions together with DJ Tracer specialises in a fab
selection of music – all genres available – as well as scanners,
lasers, fl ower lighting, smoke effects and karaoke. Reasonable
rates and specialist service guaranteed. +27 (0)76 052 5395
A smartpen gives you the best of both worlds.
Out and about in March
01 For those who prefer taking
notes the old-school way, with good
old pen and paper, the Livescribe
Echo Smartpen will ease you into
the digital realm. You will need a
special Livescribe Notebook in which
to write your notes, which the pen
records accurately.
WHAT’S ON
+27 (0)11 684 1545, circuitcity.co.za
02 There is also an audio function
that enables you to record audio notes. To
convert the handwritten and audio notes into
digital documents, all you have to do is plug
the smartpen into your computer and let
the special Livescribe desktop software do
the rest. Taking minutes in your weekly staff
meetings just got a whole lot easier!
TAKE NOTE
RAMfest Durban, 11 MarchIn Durban for the fi rst time and hosted by John Vlismas at Wave House, RAMfest offers a
celebration of some of SA’s top rock bands, including Die Antwoord, Zebra & Giraffe (pictured
above), Van Coke Kartel and Not My Dog. Bookings via ticketbreak.co.za.
Time of the Writer Festival, 14–19 MarchTwenty writers from 12 different countries are participating in the 14th Time of the Writer
International Writers Festival. The week-long programme includes readings, presentations,
panel discussions, music and book launches at the Elizabeth Sneddon Theatre in the evenings.
seminars, workshops and school programmes take place across Durban during the day.
+27 (0)31 260 2506, cca.ukzn.ac.za
Trends & Tastes, 18–21 MarchLaunched by Decorex SA in collaboration with the KSA Kitchen and Bathroom Faire, Trends
& Tastes features a fusion of decor, design, food and lifestyle trends. The show takes place at
the Durban Exhibition Centre, and includes an organic-food market and picnic area. Tickets at
the door. +27 (0)11 549 8300, thebeexhibitions.co.za
André Rieu Arena Tour, 23 MarchWell known as the creator of the Johann Strauss Orchestra, Dutch violinist, conductor and
composer André Rieu and his orchestra are performing at the ICC Durban for one magical
evening. computicket.com
ENTERTAINMENT
HOT PROPERTY
March 2011 | 13
Liezel van der Westhuizen has always had a fondness for nature and has subsequently watched her fingers turn a tinge of green over the years. ‘I’ve always loved being outdoors
and come from a family of keen gardeners. My gran, my aunt and my mom would always bring shrubs and spend time on weekends teaching me about plants and how to grow a beautiful garden, especially when I lived in the first house I bought in Centurion, Pretoria,’ she says.
Liezel loved that Centurion was abundant in trees, as it didn’t feel as if she was living amid the hustle and bustle of a metropolis.
And, of course, there were her neighbours and the other residents of the area. ‘There is something special about the inhabitants of Pretoria. They are very friendly. Whenever I’d run or cycle around my neighbourhood, everyone would greet me and chat to me, even if they didn’t know me,’ she says.
And what of her home in Centurion? ‘When I first bought it I remember showing it to my family and their reaction to it: they loved it! The house was designed around an open-air entertainment area, where my family and I spent many lazy days braaiing and entertaining each other. I loved that although you were technically in the house, there was this sense of being outdoors.’
‘The lounge had an unbelievable view of the garden and pool,’ she continues. ‘The garden was a haven for birds, especially females wanting to nest, which was something that I had hoped for. When I was growing up, my mom
Words Genevieve Fisher
What the agents say
Willie van den Berg of RE/MAX Jowic says, ‘Centurion lies between Pretoria and Johannesburg and is within easy reach of both cities, which makes it a good area
to invest in. There is also a Gautrain station in Centurion so that anyone can get to Sandton or to the airport in 20 minutes. We believe that properties around
the station will increase in price by 20% in the near future. RE/MAX Jowic sells between 70 and 90 properties a month in the Centurion area. Centurion is mostly
sectional title, and the ratio between sectional title and full title is 70% to 30% respectively. The average house price in Centurion is R1,2-million and the average
sectional-title price is R650 000. Property rentals in Centurion are excellent: for a house of R1,25-million you will receive a rental of between R9 500/month and
R10 000/month – that’s an 8% return on investment. If you buy a two-bedroom sectional-title property for about R650 000, you will get rent of approximately
R5 000/month – an ROI of almost 8% as well. And for a three-bedroom sectional-title unit costing approximately R800 000 you achieve a rental of about
R6 000/month, which represents a 7,5% return on investment.’
+27 (0)12 653 8920, remax.co.za
MY FIRST HOME
taught me the value of biodiversity, particularly with regards to birds – how they could aid the growth of a garden, which plants and shrubs would attract them, and how the addition of a birdbath and feeder would ensure their return. I landed up with the loveliest, liveliest indigenous green garden.’
Today, Liezel is happily settled in Kenilworth, Cape Town, an equally verdant suburb (although she does miss the jacarandas). She says, ‘Living in Kenilworth is very similar to living in Centurion, as there are big trees lining the streets, and it’s a lovely, safe neighbourhood to live in. The difference is that now I hardly use my car, and cycle to work every day. I have come to realise why Cape Town is considered to be one of the most beautiful cities in the world.’
She is reminded of this beauty whenever she arrives fresh off her bicycle at the Expresso studio at 5.30 a.m. every morning. ‘We broadcast live every morning from a penthouse apartment in Sea Point, which has panoramic views of Table Mountain and the Atlantic Ocean. It really makes me feel like I’m living the dream. A green and Expresso-filled dream!’
Rising andshiningExpresso’s Liezel van der Westhuizen reminisces about the jacarandas of Centurion.
PRIME PROPERTY
This tasteful Sea Point apartment tantalises with its expansive sea views, elegant use of bright colours, and effortless style.
Words Sandy Welch Photographs Jacques de Villiers
Sixth
SenSe
PRIME PROPERTYPRIME PROPERTY
Opposite The passageway has been dramatically shortened and an accent
wall painted turquoise – the perfect backdrop for the family’s photo gallery.
Antique oriental panelling has been converted into a door. This page Eclectic
design features in the wallpaper in the guest bathroom, while splashes of
turquoise and mustard fulfil the homeowner’s desire for bright colours.
March 2011 | 15
16 | March 2011
PRIME PROPERTY
‘… I love that wherever you
look, your vision is stopped by
beautiful things.’
March 2011 | 17
PRIME PROPERTY
Opposite In the brightly lit open-plan kitchen, the splashback has been sandblasted to pick up on the design of the antique wooden cupboard doors. This page, above The large open-plan living
area is complemented by oversized furniture in the lounge, including a 4m couch; the 12-seater dining room table can be seen in the background. Below The main en-suite bathroom with its oval
freestanding bath and raised shower and toilet is separated from the bedroom by lightly sandblasted glass doors, ensuring there is an even flow of light between the rooms.
18 | March 2011
The sea. That’s the first thing you notice when you walk into this spacious sixth-floor apartment. It stretches out in front of you,
around you, below you, from almost every angle. It’s a sight so overpowering it would be a challenge for any interior designer’s work to compete with it – but then, after more than 20 years in the business, Sharon Sager and her team are always up for a challenge.
Their solution was not to fight with the incredible vistas, but to make them the key component of the apartment and to allow everything else to work around them. ‘We wanted to make sure that every angle in each room is directed towards the sea view,’ Sharon explains.
This became the responsibility of the senior designer at Sager and Associates, Mikha Notwala, and it was no small task. The apartment required major renovations, such as enclosing the balcony, knocking down various internal walls to rid the home of its old-fashioned, elongated passageway and poky rooms, and installing bulkheads to give form and depth. The result is a clever flow of home that allows light in everywhere, from the entrance through to the open-plan living spaces, the kitchen and the bedrooms.
An important element of the brief was that there needed to be ample room for entertaining. ‘The couple have people over a lot, and we had to make sure this was accommodated,’ says Sharon. To this end, the living area flows from a sizeable dining area
housing a 12-seater dining table through to a large lounge with a library, flat-screen TV and home theatre area to one side, and a small dining area, where the couple have breakfast, to the front. Two beautiful white leather loungers are strategically placed in front of a window in the corner so that its occupants have totally unobstructed vistas of the ocean. Each zone can operate as a separate individual space or work together with the rest to form a communal area – ideal if there are lots of visitors.
To complement the vast canvas of the living space, Sharon has chosen bulky, oversized furniture. ‘I needed to ensure all the proportions are exaggerated because of the size of the room,’ she explains. ‘To me, lighting and proportion are the be-all and end-all.’ A 4m-long couch, large wingback chairs and a jumbo ottoman make up the lounge, while a large and dark built-in wooden cabinet dominates the wall in the TV area.
The homeowners, who frequently travel to India, Dubai and central Africa, wanted intense, jewel-like colours to reflect prominently, and to this end Sharon abandoned her usual leaning towards a neutral palette. Instead, she’s introduced bright splashes at surprising intervals. One of the walls in the passage is teal blue, for example, and this flows through to the glass splashback in the guest shower. A rainbow- streaked carpet runs down the passage, and the massive couch in the lounge is cerulean blue.
In the guest bedrooms, bright throws and headboards dominate. The master bedroom features a fuchsia headboard, and bright floral and striped fabrics are to be seen throughout the home.
Apartment living demands smart usage of space, and Sharon has considered this carefully, while ensuring that the storage solutions are never obtrusive. In most cases, cupboards have been built into walls to look like wood panelling, and feature opening mechanisms that don’t require handles. The cupboards in the bedrooms all slide open, to maximise space. The washing machine and dryer have been conveniently placed in cupboards in the spare bathroom.
But it’s in the detail that Sharon really comes into her own. Antique oriental doors sourced from Gilles Botbyl have been converted into cupboard doors in the kitchen, and another has been made into a sliding door for the guest bathroom. Glass kitchen splashbacks have been sandblasted to reflect the design on these doors. Textured wallpaper in the entertaining area resembles Issey Miyake fabric and has been mirrored in the glass at the entrance to the apartment. A huge marble slab next to the dining area has been adapted to contain cleverly hidden Salton hot trays. ‘I wanted the design to be not only contemporary, but also eclectic,’ Sharon explains,
One of the focuses was on creating a contrast to allow more light in, so ample recessed lighting was used to ensure light
flows easily from one room to the next. Nowhere is this more evident than in the main en-suite bathroom. To best utilise the natural light, glass doors have been installed to separate the bathroom from the main bedroom, and these have been sandblasted with the same design as that used in the fabric of the headboard. The freestanding oval bath as well as the interleading raised shower and toilet are all brightly lit by a rose-shaped chandelier and perfectly complemented by the warm marble walls and floor.
When it comes to high-tech home comfort, nothing has been overlooked, from underfloor heating and air conditioning through to a sophisticated security system that videos all visitors to the home, and the latest in home entertainment systems with recessed speakers.
No challenge was too small for Sager and Associates – including having to get the huge marble slab and various items of furniture lifted up to the residence by crane.
What’s Sharon’s favourite aspect of the apartment? ‘I think the living spaces look so beautiful, and the kitchen works so exquisitely with them. I love that wherever you look, your vision is stopped by beautiful things,’ she says.
It’s an apartment that delights every one of your senses, from the delicious aroma of the sea breeze and the sounds of the crashing waves through to the tactile fabrics, vibrant colours, attention-grabbing artworks, and of course, that awe-inspiring view.
Visit thepropertymag.co.za for a look at other
extraordinary homes across the country.
With thanks to …
Sager and Associates, Sharon Sager, +27 (0)21 465 4095, sager-associates.com
The incredible sea views can be taken in from every room in the apartment – even when you are lying in bed.
PRIME PROPERTY
From temples of glass and steel, to palaces made from prssed
earth and recycled blue jeans, World’s Greenest Homes 2 tours
the most amazing properties on the planet - and proves that
luxury and ecology can exist under the same roof.
World’s Greenest HomesHigh style - low impact
DécorFunctions for Africa prides itself on its professionalism, service excellence and creative and unique décor. We have coordinated many successful themed functions, creating the draping, floral arrangements, plant features, backdrops, furniture and lighting.
Catering and Bar FacilitiesWe work with a number of reputable catering companies that offer a wide selection of catering options to suit your specific budget and needs.
HiringWe have negotiated competitive rates for marquees and all equipment needed.
Service Staff, Hostesses and Bar StaffFunctions for Africa can supply friendly, efficient service staff suitably dressed for the occasion. Menus are created for corporate as well as individual tastes, and range from boardroom lunches, cocktails and exquisite buffets to three-course plated menus and themed menus.
EntertainersWe can recommend a number of entertainment options to compliment your function or event.
Venue SourcingLet us find the most suitable venue for your function.
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Functions for Africa
Tel (031) 205 2211 | Fax (031) 205 4301 | Mobile number 071 680 5787 | Email [email protected] | www.functionsforafrica.co.za
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March2011 | 21
Bucolic countryside on the one hand, bustling corporate hub on the other, Midrand is as diverse as it is sprawling. And with a number of new developments planned for the near future, its multifaceted character is set to expand further still.
This page The Castle Kyalami boutique hotel, one of Johannesburg’s more eccentric landmarks, is a fine-dining, conferencing and wedding venue.
The Midway Mark
words Lisa Witepski Photographs Paul Shiakallis
The NeIGhBOURhOOD
22 | March 2011
the NeIGhBOURhOOD
The first inhabitants of the area that would later become Midrand were iron smelters attracted to the region by the Jukskei River, according to Nadia Hurter, Midrand Manager for Seeff
Sandton. Much later it became a midway point for travellers between Johannesburg and Pretoria and became known as Halfway House. It was only in 1981, when Halfway House was merged with Olifantsfontein, that the area officially became a town and was renamed Midrand. ‘Midrand has since been incorporated into the Johannesburg City Council, but maintains its name and status as a separate city,’ Nadia says.
It also retains a unique atmosphere. Drive past the New Road or Allandale turn-offs on the N1, and you’d be forgiven for thinking that this is a centre dedicated to commerce and money-making. After all, clustered around the spaghetti-like intersections that distinguish this area as an important highway landmark are the offices of such prestigious multinationals as Siemens, Neotel, BMW and Vodacom.
However, it would be entirely incorrect to conclude from this single slice of real estate that Midrand is a mini city. It is, as Brian Hickson of Jawitz Properties points out, a ‘largely undefined and amorphous hub’, starfishing between Centurion, Sandton, Kempton Park and Kyalami. So large an area inevitably encompasses a significant number of suburbs: to the east there’s Glen Austin and President Park, southwards there’s Kyalami Glen, Waterfall Estate and Waterfall Equestrian Estate, to the north you’ll find Samrand, Blue Valley Golf and Country Estate, Beaulieu and Randjesfontein, and to the west, Glenferness and others. Naturally enough, each of these suburbs has its own character.
‘The area that was first known as Midrand – Halfway House and Halfway Gardens – is fairly high density. Although these have residential parts, they also started to attract corporate and commercial entities when Jo’burg’s CBD lost
its lustre. Besides offering a convenient location, the area provided a more affordable option than the Sandton CBD,’ says Brian. But much of Midrand swings to the other side of the spectrum: areas like Beaulieu, Kyalami and Glenferness remain zoned for agriculture, and could easily serve as the setting for a Jilly Cooper novel.
Nadia says, ‘Part of Midrand’s appeal is that it has a calm, rural atmosphere while still offering proximity to the business hubs of Gauteng. Moreover, the newer properties provide sleek, modern living, often in complexes that have the added benefits of security in an enclosed community. The older residential settings of Vorna Valley and Noordwyk have a sedate, relaxed feel to them, while the apartment blocks closer
to the business hub are vibrant and eclectic.’ Nadia’s assertion that the city ‘has something for everyone’ is borne out by its diverse buyers and investors. ‘Many of those who work in the multinationals based in Midrand choose to live here, too. The upmarket gated communities have attracted well-to-do, young, up-and-coming professionals who enjoy the lock-up-and-go lifestyle,’ Nadia says.
‘A large Indian community has settled in the area – mostly young couples purchasing in the middle of the market – and there’s a shopping mall dedicated to Indian culture and culinary tastes,’ Nadia adds. ‘There has also been an influx of black buyers and young people looking at properties across all price ranges, eager to be close to work opportunities.
March2011 | 23
With thanks to …
Jawitz Properties, Brian Hickson, +27 (0)11 466 0966, jawitz.co.za
Seeff Sandton, Nadia Hurter and Alisha Paterson, +27 (0)11 784 1222, seeff.com
The NeIGhBOURhOOD
Midrand’s diverse properties have made for a very dense, varied population.’
If the properties aren’t homogeneous, neither are their prices. Nadia reveals that it’s possible to buy a one-bedroom or bachelor apartment for as little as R350 000, while some townhouse complexes start from R550 000. Brian maintains that larger apartments, measuring around 100m², in suburbs like Carlswald and Halfway Gardens, are a little more expensive because of their proximity to shopping centres and other conveniences, so you can expect to pay around R1- million. Freestanding homes are also modestly priced, from R850 000. Prices are a little higher for cluster developments: although some start at R750 000, a three-bedroom, two- bathroom property in a secure, gated development could cost anything between R1,2-million and R2,5-million. The next step up is estate living, encapsulated by the ever- popular Kyalami Estate. Here, prices range from R2,5- million to R8-million, says Brian, adding that the higher end of the market includes large family homes with big gardens. ‘Security is, of course, the major attraction at Kyalami Estate,’ he observes. ‘Such is the demand for its safe environment that what started out as an affordable development has become very upmarket, and many of the homes have been upgraded, while others still are currently undergoing refurbishment.’
Then, for the jodhpur and vegetable garden set, there are the agricultural estates, such as Saddlebrook and Blue Hills, as well as the plots of Beaulieu, where a 1ha property may set you back anything from R4-million to R20-million.
What about rentals? ‘Midrand remains a lower- to upper- middle-class rental area, and is popular with tenants who work in Johannesburg, Pretoria and Midrand itself,’ answers Seeff ’s Alisha Paterson. ‘Apartments can be leased from R3 500/month, while townhouses can be found in the R6 000 to R9 000 bracket. Houses in the suburbs fetch between R8 000 and R15 000, and then there are the security estates, presenting beautiful family homes priced from R15 000 to R25 000.’ These prices have remained fairly steady, even during
the recession and have contributed to Midrand’s reputation for offering consistent value for money, Nadia reports. ‘Since buyers have such a large range of properties and price brackets to choose from, sellers who overprice their homes cannot expect to sell,’ she notes. ‘As a result, prices have remained realistic and, in our experience, serious sellers are pricing right.’
Value for money isn’t the only advantage of settling in Midrand, she continues. For the corporate investor, there are the obvious factors that have driven growth in the past, including visibility, space and easy access. These very characteristics have made Midrand a favourite among function planners, conference and exhibition organisers, and it includes some of the country’s premium meeting facilities. Chief among these is, of course, Gallagher Estate, the erstwhile home of the Pan African Parliament, which continues to draw such prestigious events as Decorex.
Midrand’s centrality is a major plus for residents, too, especially given the area’s situation smack-bang between Johannesburg and Pretoria, with efficient access granted by the N1 Highway and main roads through Kyalami and Sunninghill. Lifestyle needs are catered for with shopping centres at Carlswald, Crowthorne, San Ridge and The Boulders, while religious services for many dominations are provided for in the nearby Russian Church, the Midrand Islamic Society and St Saviour’s Anglican Church, which, Nadia relates, was moved in 1983, brick by brick, from its location in KwaZulu-Natal, where it was built in the 1860s.
From a recreation point of view, Midrand’s semi-rural setting makes for some interesting, natural excursions: key destinations include the Lory Park Zoo, home to one of the largest collections of exotic birds in South Africa, as well as the Glen Austin Bird Park Sanctuary. Moreover, if your garden is looking sparse or you’re searching for a rare orchid, this is the place to go shopping: the proliferation of nurseries in the area makes it a haven for Keith Kirsten wannabes. There’s also unusual family entertainment on offer, in the
form of the dancing Lipizzaner horses, as well as Richard Loring’s Theatre on the Track. But, if these pursuits are all too sedate and you need a change of pace, head to the Kyalami Racetrack.
In spite of this range of amenities, Brian believes that Kyalami would benefit significantly from improved infrastructure. ‘The reality is that just 15 years ago this was the fastest-growing area in the country – yet development did not keep pace. Crime became an issue, the roads weren’t able to cope with volumes, and although there are some good private schools in the area, there aren’t enough public institutions – or shopping centres and hospitals, for that matter – to feed the number of people who live here.’ Consider that residents in the mood to watch a blockbuster on the big screen or experience fine dining need to visit Fourways or Sunninghill. But, he’s quick to add, this is about to change. With Midrand pinpointed as a major station on the Gautrain service route, Brian predicts that the area is poised to experience a rebirth. ‘It will become easier than ever to commute to the major centres, and doubtless many potential buyers will hasten to take advantage of properties that will remain more affordable than anything that Sandton or Rosebank has to offer.’ A second spin-off is that, with Midrand well on its way to becoming a significant centre in its own right, the municipality will be inspired to address challenges such as cleaning up the CBD, he adds. In fact, says Nadia, since 1983, several billions have been invested with this end in sight.
There are other developments that will add to the future desirability of the area, Brian continues: Waterfall City, which will feature its own hospital, pre-primary, primary and secondary schools, along with a hotel, retail and office precincts, conference centre, gym and several lifestyle estates, is well on its way to becoming a sought-after address. The planned Zonk’Izizwe development, comprising entertainment, official and residential space, and it is rumoured to become one of the biggest nodes within the southern hemisphere.
Visit thepropertymag.co.za for more information
on the top neighbourhoods in South Africa.
Left to right The Russian Orthodox Church – people of several religions feel at home in multicultural Midrand; a balance
still exists between urban development and countryside tracts in the Midrand area.
‘Midrand is well on its way to becoming a significant centre in its own right.’
24 | March 2011
INSIGHT
or ‘feel good’ sentiMent?Big Money
The 2010 Fifa World Cup cost at least R30-billion to stage. Have foreign investors flocked to our shores since?
Words Gareth Stokes
Cala-bashing – the fnB stadium within the soccer City Complex in Johannesburg. it was renamed soccer City stadium for the
duration of the 2010 fifa World Cup. the stadium was designed to resemble a giant calabash and cost r3,3-billion to build.
March 2011 | 25
INSIGHT
South Africa was in rapture when Fifa President Sepp Blatter announced on 15 May 2004 that we would be hosting Africa’s first-ever Soccer World Cup. The decision triggered an unprecedented countrywide infrastructure overhaul as
we geared up to welcome 32 national teams and thousands of football supporters from across the globe.
The government poured billions of rand into football stadiums, airport upgrades and road and rail infrastructure, to make sure the event went off without a hitch. And they deployed thousands of additional law enforcement officers to ensure an incident-free tournament. The event proceeded smoothly, prompting the usually fickle Sepp to award South Africa 9 out of 10 points for its hosting efforts.
Nine months on, with the event largely forgotten, economists are trying to work out whether the R30-billion ‘bill’ represented money well spent. Nobody disputes the ongoing benefit to the country from the Bus Rapid Transport system, the Gautrain and other public transport solutions. And tourists and visiting businessmen will marvel at the country’s world-class airport terminals for decades to come. So the only infrastructure white elephant we have to deal with is the handful of one-event-only stadiums now littering our post-2010 landscape.
Those who narrowly focus on the pluses and minuses linked to specific infrastructure projects are missing the point. The World Cup was about much more than rands and cents. It lifted South Africa onto the international stage and helped to destroy the many preconceptions educated Westerners held about the African continent. They’ve finally adjusted their ‘just bush’ assessment of our country to ‘high tech with high-tech capabilities’. Hosting the event was akin to lighting a massive billboard exclaiming, ‘Hello! Take a look down here. We’re South Africa, and we’re open for business!’ In the months following the tournament, both South Africa and Africa emerged as central themes at numerous global events and conferences. The continent featured at the Fortune Global Forum in New York City in June 2010 and at the World Affairs Council conference held in Atlanta in July.
By hosting an event of this magnitude, South Africa has helped Africa to come of age. Maria Ramos, group chief executive of ABSA Group Banks, sums it up: ‘We need to get away from this idea that Africa is about aid and health. Europeans and Americans need to start changing their minds [and assist us in] unlocking economic value and entrepreneurship on the continent.’
We’ve already enjoyed the short-term benefits of the event. The tournament added 0,5% to our GDP number through 2010 as tourists spent on retail, food, entertainment and accommodation before, during and after the event. A survey conducted jointly by the National Department of Tourism and South African Tourism concludes there were 309 000 event-specific tourists who spent in the region of R3,6-billion during their stay here. Overall visitor numbers swelled nicely too. From January to September 2010, South Africa welcomed 5 944 568 tourists, up from 5 087 634 in the first nine months of 2009. ‘The tournament has positioned South Africa as a viable investment market and the spin-offs of improved perceptions abroad could have a long-lasting impact not only on South Africa and its development, but on the continent as a whole,’ says Minister of Tourism Marthinus van Schalkwyk.
He’s talking about the long-term dream for massive and sustainable foreign direct investment (FDI) to South Africa. Danny Jordaan, chief executive officer of the country’s World Cup Organising Committee shares this sentiment: ‘It is exciting to see that business leaders around the world wish to leverage off the tournament.’ Although the ‘Gateway to Africa’ tag preceded the World Cup by many years, there’s no doubt the event generated additional interest in the continent. Suddenly, the likes of US retail giant, Walmart, and global banking brand, HSBC, were on the hunt in our territory, ready to put their shareholders’ money to work.
Has the event led to the avalanche of FDI we’d hoped for? A superficial look at the latest South African Reserve Bank quarterly bulletin suggests things are looking up. Capital flows topped R98,7-billion to 30 September 2010 – in addition to the R113,9-billion through 2009. But closer scrutiny proves these numbers disappointing. The bulk of these flows are
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26 | March 2011
INSIGHT
Clockwise from top left Inside FNB Stadium; Cape Town Stadium, Green Point – construction cost: R4,4-billion; Moses Mabhida Stadium, Durban – construction cost:
R3,4-billion; Nelson Mandela Bay Stadium, Port Elizabeth – construction cost: R2,05-billion; predictions are clouded as to whether South Africa will see a good return
on its investment in building the stadiums for the 2010 Fifa World Cup.
‘The tournament has positioned South Africa as a viable investment
market and the spin-offs of improved
perceptions abroad could have a
long-lasting impact.’
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March 2011 | 27
INSIGHT
portfolio inflows: yield-seeking money channelled directly to the country’s equity and bond markets. Walmart’s decision is similarly guided. The Investec Asset Management equity research team says the recent bid for Massmart highlights Walmart’s search for yield and growth by developed-market investors starved of returns and pessimistic about growth prospects in their home jurisdictions.
The World Cup was never going to have a noticeable impact on FDI, which has actually declined in the quarters since. The Reserve Bank says capital inflows for direct- investment purposes dropped from R2,9-billion in the second quarter of 2010 to just R1,1-billion in the third quarter. Why?
Dawie Roodt, chief economist at the Efficient Group, says South Africa’s FDI is inherently low relative to other sub-Saharan economies. He ascribes this phenomenon to the country’s sophisticated financial markets. Let’s say international investors want exposure to the property industry in both Mozambique and South Africa. Their options in Mozambique are limited to investing in physical assets – they’d have to buy an office block in Maputo, for example – whereas their easiest option in South Africa would be to simply purchase shares in one or more of the country’s world-class listed-property companies.
It takes many years for an international company to bite the bullet and move into a new market. Chris Hart, an economist at Investment Solutions, reckons Walmart was most likely thinking about investing in Africa even before South Africa was chosen to host the event. ‘It seems to me as if South Africa is showing signs of developed-market maturity, which means potential FDI is being diverted to stock market acquisitions,’ says Chris. He would prefer the likes of Walmart to arrive on South African soil and build up their business from scratch, because brownfield developments offer multiple benefits to emerging economies.
There were hopes in the run-up to the tournament that renewed international investor interest would breathe some life into the lacklustre residential real-estate sector. Real-estate professionals wanted to get as much mileage from the ‘free’ marketing as possible. Although difficult to back up statistically, it seems international buyers have remained on the fence since June/July last year. ‘So far all the World Cup did for us was to increase our international exposure,’ says Laurie Wener, MD Western Cape for Pam Golding Properties. ‘There’s been a massive increase in international traffic on our website, which supports this viewpoint. But this interest hasn’t translated into additional sales.’ Why not? Laurie says we shouldn’t ignore the combined impact of a strong rand and a weak global economy on international real-estate investors and speculators. Developed-world investors simply don’t have the stomach for ‘expensive’ offshore property investments right now.
The majority of international visitors to our shores before, during and after the World Cup enjoyed the country’s infrastructure and hospitality. And their experiences could easily guide future offshore property decisions. That said, any decision by a foreigner to purchase in South Africa would only reflect six to eight months later. Potential investors would have to scout their properties, offer on the properties, arrange finance and then wait for the deeds office to do its stuff. We may yet see some activity in the first quarter of this year.
It’s unfortunate that the tournament coincided with an extremely depressed global economy. International real-estate companies are more concerned with staying afloat in their respective markets than exploring new opportunities. You can cover the World Cup’s impact on real estate and other direct investment with a blanket comment, provided here by Dawie Roodt: ‘The event definitely turned more eyes towards South Africa. But rather than encourage new investment, the World Cup acted as a catalyst for foreigners who already had their eyes on our markets. The shift to emerging markets got under way well before the RSA-versus-Mexico game on 11 June 2010.’ This change in focus saw an unprecedented US$68- billion (approximately R472-billion) flowing into Africa during 2009. The bulk of this cash came from the United States, with China hot on their heels. And going forward, most analysts expect emerging economies, such as China and India, to dominate the African FDI landscape. South African companies are doing their bit too – almost all of the top 40 listed firms have expanded their African footprint over the past decade.
If South Africa wants a larger share of this FDI – the money that contributes to physical assets rather than sheltering temporarily in local financial markets – then we’ve got plenty of work to do. The government has to roll up its sleeves and begin pruning some of its less attractive policies, particularly those centred on labour and taxation. The positive glow from the World Cup soon grows cold when potential investors are faced with rigid business structures, racial quotas, poverty, crime, militant trade unions and repeated wage strikes. ‘The investment we’re attracting at the moment is despite government policy rather than because of it,’ observes Dawie.
Property professionals have their work cut out for them too. ‘A year ago at this time, we were all looking forward to the World Cup and its impact with great excitement,’ says Seeff Properties Chairman Samuel Seeff, ‘but there won’t be any underpin from this event through 2011.’ His sentiment is shared by Rael Levitt, chief executive at Auction Alliance, who sums the matter up: ‘The bottom line is that this year we don’t have the World Cup to boost infrastructural spend, tourism, mid-year retail and, most importantly, investor sentiment.’
Words Jackie Gray Photographs Brenda Veldtman
Passionate By
DESIGN
Far left Anthony Orelowitz and Henning Rasmuss with a model of Sandton’s paradigm- busting
Deneys Reitz Towers. Left and below The unmistakable AFGRI Head Office building
in Centurion.
March 2011 | 29
Passion, innovation and excellence are the three fundamentals driving Anthony Orelowitz and Henning Rasmuss, the directors and shareholders of Paragon Architects.
Paragon Architects has established itself as a serious force locally and internationally. Its footprint includes South Africa, Angola,
Ghana, Uganda, Rwanda and Brazil. Included under the Paragon banner are several independently owned and managed businesses: Paragon Interface, Hub Architects and Aspire Architects, through which the group covers all aspects of architecture and design within the commercial, sports, leisure, education and retail sectors.
Paragon’s owners, Anthony Orelowitz and Henning Rasmuss, both caught the architectural bug early.
Anthony recalls how, when he was seven years old, he watched the house his parents had commissioned ‘grow’ out of the ground. ‘The architect who designed the house was Mike Challis, who at the time was an up- and-coming director at RFB Consulting Architects. It was a magical experience to see this structure taking shape. Suffice to say I was hooked on architecture from then on. ‘When I was older, Mike gave me vacation jobs throughout my high-school years. I don’t think I added a day’s value to RFB, but Mike recognised my passion for the craft and took me under his wing. In those days there was definitely a greater sense of mentorship.’
As a young boy, Henning would accompany his father on his Saturday morning run into downtown Johannesburg. At the time, a number of tower blocks were being constructed. Corrugated sheet fences encircled these buildings and it was through holes in these fences that Henning would stare, entranced by the busy worksite, while his father carried out his errands.
‘My father used to say that an architect was the only person who knew what everyone on a building site was doing,’ explains Henning. ‘I liked the thought of that, even though I know that’s not actually the case now. It was this concept that planted the seed of my architectural passion.’
Upon graduating from architecture school, Anthony worked for Stauch Vorster
for a year. He received a good grounding in commercial architecture during this time as well as a wake-up call. ‘The year 1991 was tough for the company,’ Anthony says. ‘One Friday I returned from site to find all the partners had left early, and out of a staff of over 30, only four employees, myself included, had not been retrenched. This event made me realise how tough architecture could be and that if I wanted to mitigate the risks, I needed an additional skill set. The following Monday I applied for an MBA course at the Wits Business School.’ Anthony went on to work for Standard Bank Properties for the better part of three years, where he put his newly gained knowledge into practice. ‘At Standard Bank, I learned about structured finance, how to analyse client and project risk and the drivers which would enable successful property developments. I always intended to go back to architecture, though, so in 1996 I started the architectural practice that was to become Paragon Architects.’
At university, Henning served as an intern at Tasso Hatzifotiadis, an architect who was passionate about architecture and life in general. ‘My days with Tasso began with coffee and prayer,’ he remembers. ‘Tasso’s passion permeated everything he did and it taught me that even the smallest things could bring joy and should be appreciated. He also taught me that architecture was messy and sweaty, and that long nights weren’t restricted to university.’ Henning also worked in Düsseldorf and Berlin for two years during the time of rapid social change and development that followed the fall of the Berlin Wall.
In late 1997, after a year of working in Hong Kong, Henning began working with Anthony part-time on some of his projects. They took to each other, and what began as a temporary arrangement became permanent in early 1999, when the pair won a commission in the first phase of Melrose Arch. This triggered the founding of Paragon Architects. Paragon’s rise from that point on has been nothing short of meteoric. Since
30 | March 2011
DESIGN
2000, the company has completed projects for Boeing, Routledge Modise Evergreens Attorneys, General Motors, Oracle, Motorola, Nashua Kopano, Sun International, Discovery Health, ABSA Capital, T-Systems, Standard Chartered Bank and TBWH, to name a few.
Of their past projects, the Deneys Reitz Towers, the Green Point Stadium, the Cli� e Dekker Hofmeyr building and the unmissable AFGRI Head O� ce in Centurion stand out. In respect of the Deneys Reitz Towers, Paragon was asked to produce an iconic building that would break the mould. Situated in Alice Lane in Sandton, this project proved challenging, as the site was small and came with an 18-storey height limit. Anthony explains, ‘The � rst thing we did was notionally split the building into two towers. This accentuated the structure’s verticality. Making the southern tower taller further
enhanced this aspect. On the north and south facades, three glass types were utilised. The way in which the glass was used made it di� cult to distinguish between spandrel and vision areas. On the east and west facades, long, deep, vertical and horizontal glazing strips were used to cut through the aluminium gables. The use of these devices deconstructed the rhythm and scale of the facade and in turn enhanced the iconic nature of the building. All of this had to be achieved while still meeting the building’s very exacting functional requirements and tight budget constraints.’
According to Anthony, one of the building’s greatest design challenges was the integration of the cores and vertical transportation into the shell of the building’s organic form. Introducing a ‘gasket’ into the core allowed the inner facade to move
inwards and outwards without a� ecting the building’s functionality. The Deneys Reitz project has proved highly successful and has transformed Sandton’s skyline.
Although perhaps not the most enjoyable project from a process perspective, Henning and Anthony concur that the R4,2-billion Green Point Stadium was technically exhilarating. ‘The Green Point Stadium project was a baptism of � re,’ remarks Henning. ‘We were directly involved through a joint venture with the design of the roof and facade of this structure, but it was � rst and foremost an extended exercise in project politics and was conducted in an atmosphere of poisonous public opinion and relentless resistance. It seemed as if nobody wanted the stadium, yet the clock was ticking. Although thoroughly unpleasant in many ways, the stadium presented a huge learning
opportunity, which we grasped with both hands. The site and setting in� uenced the design to a large extent and forced a certain clarity into the product that is unique among the World Cup stadiums.’
Paragon has more than enough work on its plate to keep the sta� there busy for some time. The largest project the company is currently involved with is the new head o� ce for Alexander Forbes. Located opposite the Gautrain station in Sandton, this building covers an area measuring approximately 36 000m2. Other projects include the interior design of their Paragon Interface company, a new call centre for Cell C, private-school projects, a new head o� ce for BBDO Spencer Stuart, a 5 000m2 o� ce and retail node for a below-the-line advertising company, a motor showroom conversion on Katherine Avenue and the refurbishment of the old
Top left to right Views of Cape Town Stadium. Bottom left to right Sleek, modern lines defi ne the ABSA Capital building in Sandton. Opposite, top left to right Protea Place; the
Tiber Rosebank building on the corner of Jellicoe Avenue and Oxford Road. Bottom The Deneys Reitz Towers gleam in the sunlight. Inset Detail of the glass panels that clad the
Deneys Reitz Towers.
March 2011 | 31
DESIGN
Nestlé building for the Innovation Group in Randburg. Before the year is out, Paragon would have tackled an 18 000m2 corporate o� ce project in Sandown, a 36 000m2 o� ce block in Mpumalanga and a 34 000m2 precinct redevelopment in Sandton’s CBD.
And that’s just Paragon Architects’ primary business projects. The company’s other divisions are also working � at out on their own assignments. The company is also involved with the design of one of the Brazilian World Cup stadiums and is working on a sculptural tower at Brazil’s airport. According to Henning, Paragon doesn’t ascribe to any particular signature style; rather the company tends to view each new project as an opportunity to improve on the last.
Anthony says, ‘Embedded in our design culture is a conscientious e� ort to push the boundaries of design, knowledge,
sustainability, materials, buildability and e� ciency. Importantly, this has to be achieved in the context of yields, rental rates and a very competitive market.
‘In terms of our design style, we try to avoid falling into a speci� c or de� nable “signature style”. I hope that when people look at the ABSA Capital building, Oxford Corner, Deneys Reitz and AFGRI that they appreciate the building for its beauty and functionality, but won’t necessarily be able to link any of them to Paragon based on their design.’
Although Paragon shies away from being pigeonholed, Henning and Anthony aren’t averse to listing a few choice elements that characterise their creations. ‘Our buildings are generously proportioned and � lled with light. They feature dramatic spaces that surprise and leave their mark on your memory. They are
well proportioned and thoroughly detailed. They feature a strong formal presence, are distinctive and not always subtle.’
Paragon wouldn’t be where it is today without having an ear to the ground for SA’s architectural trends and needs. ‘For instance, we are currently investing heavily in software systems and studying green building techniques,’ says Henning ‘This will put us one step ahead of our client’s needs. We are working with our clients and consultants to produce buildings that are better for the environment and healthier to build and use.’
Henning and Anthony are of the opinion that an architectural institutional culture is lacking in South Africa to some extent, with the ‘o� cial’ de� nition of the country’s architectural needs being driven by a people who, ‘quite frankly, have never practiced beyond incredibly narrow con� nes’.
Anthony and Henning love what they do, and it shows. ‘Passion is something you discover you either have or you don’t as you go along, and architecture gives you back more than you put into it. At least most of the time,’ says Henning. ‘So you begin to love it and it allows you to unlock the visible world and a whole new world of meaning in turn.’
Anthony has similar sentiments. ‘I have never had to question what I wanted to do with my life,’ he says. ‘Every day of my professional life I grow and learn. I think that architecture is one of the few professions that, if you are conscious about your processes, will enable you to improve incrementally, day by day, week by week. Over the period of a working life, that’s a very powerful process and can lead to a very ful� lling existence.’ +27 (0)11 482 378, paragon.co.za
HENNING:
Where do you live? ‘I live in Parktown North
in a house that was completed in the same
month I was born. It has hardly been touched,
apart from some refurbishment on our part.’
Hobbies/sports? ‘Photography used to be
a hobby of mine. I have never been of the
sporty persuasion.’
Family? ‘I am married to an architect, Philippa
Rodseth. We have two children, Natascha
and Alexander. They are welcome to become
architects when they grow up, so long as they
don’t become merchant bankers, as that line
of work has fallen into disrepute after the
whole Lehman Brothers fi asco.’
Favourite restaurant? ‘Doppio Zero in
Greenside, because it’s kid friendly.’ Anatoli’s
in Cape Town is another favourite. Their
Turkish delight is unbeatable.’
Favourite getaway? ‘Brazil. Just about any
part of it.’
You’re currently reading? ‘The Language
of Passion.’
Favourite website? The Cool Hunter
[thecoolhunter.net].
ANTHONY:
Where do you live? ‘I currently live in an
old house in Craighall Park, which I think
was partially renovated by Ian Gandini at
some stage.
Hobbies/sports? ‘I like waterskiing and
mountain biking. However my favourite
pastime is cooking and eating.’
Family? ‘I’m married to a psychologist,
Zahava Aarons. We have two boys, Saul and
Joshua. Unlike Henning, I won’t object to their
becoming merchant bankers!’
Favourite restaurant? ‘Nobu.’
Favourite getaway? ‘Churchaven.’
Currently reading? ‘The Big Short; and
The Shock of the New.’
Favourite website? ‘YouTube. It allows you
to virtually walk through any building on the
planet; that’s a wonderful thing.’
� e most romantic getaways in South Africa
Wo
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And
rea F
irth
, Genevie
ve F
isher
and
Sand
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32 | March 2011
Pod
LUXE LIVING
Honeymoon Bliss
DESIGNER’S DREAM
When Wallpaper magazine lists your establishment as a favourite designer hotel a mere six months after its opening, you know you’re doing something right. This was the case withPod, Camps Bay’s newest luxury boutique hotel. Conceptualised and designed by Greg Wright Architects, and set a stone’s throw away from the famous Camps Bay Strip,Pod is minimalist chic at its most luxurious.
Making use of wood, granite and slate, and with a colour palette re� ecting the surrounding sea, sand and mountains, this 15-room hotel prides itself on being cool in the most sophisticated way. The notion of ‘cocooning’ is evident everywhere at Pod, where private nooks and interesting enclaves make you feel as if you’re staying in your own private villa, even when the hotel is brimming with guests.
Special honeymoon touches include:
• a 70m² Deluxe Suite with sea views, open-plan shower, champagne on tap and slick fi nishes• beach service, with staff attending to you and your other half ’s every whim.
WHY WE CHOSE IT:
It is possibly Cape Town’s best-kept secret. +27 (0)21 438 8550, pod.co.za
GET THERE
fromCape Town
March 2011 | 33
luxe living
1. THE ROYAL TREATMENTLa Residence The scene at La Residence, high up on a slope in the Franschhoek Valley, is like a fairy-tale – glass chandeliers from India and glittering gold finishes twinkle at you in the reception area of this Royal Portfolio property. This luxury boutique hotel is opulence at its most eclectic, with artwork, furniture and decor items sourced from every corner of the globe and expertly curated with an undeniably Afro-chic slant by co-owner Liz Biden.
So sumptuous are the 11 suites that every one of them could serve as a honeymoon hideaway. The suites are individually themed, from the Armani Suite’s monochrome aesthetic to the colourful and vibrant Nomatemba Suite. Each suite is a treasure chest of glamour, with attention to detail overflowing from every corner: Charlotte Rhys body products, boxes of Twinings tea, bookshelves lined with classics, not to mention the sparkling wine and fruit platters on arrival. The views from the balconies are of sweeping valleys and vineyards. A few of the rooms also look out onto a pond, where a family of ethereal black swans live.
The focus is on customised honeymoon experiences, something that Ivanka Trump took advantage of when she chose to honeymoon at La Residence. Upon booking your stay, it is suggested that you let management know about the occasion, as they have various options available.
Special honeymoon touches include:
• rose-petal and candle turn-down with bubble bath
• for the more adventurous, a return trip by helicopter to the Mount Nelson Hotel in Cape Town for high tea, followed by a ride up the cable car for sunset
• dual massage and reflexology treatments in the spa
• horse-drawn carriage tours of the town and surrounding vineyards
• (by prior arrangement) private dining in the sunken lounge or out among the vineyards.
WHY WE cHOSE iT:
You will most probably never see anything like it again, unless you are a celebrity, rock star or of royal ilk. The Roving Ambassador, +27 (0)21 426 0991, therovingambassador.co.za
2. SupREME SOLiTudEBushmans Kloof Wilderness Reserve & Wellness RetreatIf silence and solitude is your thing, there couldn’t be a better honeymoon choice than this. Set in the rugged foothills of the Cederberg Mountains, it offers just the right doses of romance, luxury and seclusion, in an incredibly beautiful setting. The Riverside
Honeymoon Suite is set in a standalone cottage at the end of the property, providing complete privacy. With a separate lounge, two outdoor patios in front and your own private plunge pool complete with pool loungers at the back of the property, it’s elegant decadence at its very best. Two flat-screen TVs, a bronze bath perfectly positioned next to a door that opens out onto the wilds, an outdoor shower and a massive four-poster king-size bed all add to the opulence.
Dine at Makana, the gorgeous outdoor restaurant featuring chef Floris Smith’s amazingly inventive dishes, or have your meals served privately on your suite’s patio.Be sure to take a gentle stroll to view the Bushman art against a spectacular mountain backdrop. You’ll find the opportunity for romance everywhere.
Special honeymoon touches include:
• rose petals strewn over the bed• complimentary sparkling wine• his and hers massage at the spa gazebo• a picnic for two by the dam
• WHY WE cHOSE iT:
It’s the ultimate solution for a secluded honeymoon where romance reigns and luxury prevails. +27 (0)21 481 1860, bushmanskloof.co.za
3. TREETOp SEcLuSiONThe Phantom Forest Eco ReserveSet deep in the forest overlooking the Knysna estuary, the Phantom Forest Eco Reserve is one of the most picture-perfect honeymoon retreats on the Garden Route. The special experience starts the moment you park your car at the bottom of a steep hill and are transported to the top by bush vehicle.
Chattering monkeys greet you from the trees at reception, and it is sometimes hard to work out where the forest ends and the hotel begins, so cleverly have the buildings been designed to blend in with their setting.
The Upper Tree Camp suites are perfect for honeymooners. They’re spaced a fair distance apart from each other for the utmost privacy. Floor-to-ceiling glass abounds, maximising the views and bringing the forest inside, and the bathroom has expansive views across the valley. There are two double-ended baths – one outside, so you can enjoy an outdoor soak under the stars, and the other perfectly positioned right by the window. There’s also a daybed where honeymooners can cuddle and enjoy a glass of sparkling wine.
Spend your days sun-worshipping at the stylish Moroccan-style Chutzpah pool area, chilling out with a spa treatment, or book the Bubble Barrel and sauna area for a totally private outdoor bath in, yes, a barrel. There are two different dining areas offering al fresco and indoor dining, and the cuisine is exceptional.
Special honeymoon touches include:
• a honeymoon gift with sparkling wine, chocolates and card.
WHY WE cHOSE iT:
It’s breathtakingly beautiful, wild and spontaneous. A unique experience.+27 (0)44 386 0046, phantomforest.com
4. BEAcH BLiSSThe Last Word Long BeachThe Last Word Long Beach deserves the final say in intimate honeymoon hotels. Tucked away in quaint Kommetjie, this five-star slice of heaven was the winner in the 2010 and 2009 World Travel Awards for SA’s Leading Luxury Beach Hotel.
The six-bedroom hotel has unrivalled seafront positioning, providing views that
stretch across white beach sands and azure ocean to the lights and mountains of Hout Bay. There’s an in-house chauffeur service to lift guests to restaurants and take them on tailor-made tours of Cape Town.
Special honeymoon touches include:
• romantic turn-down with rose petals and surprise dessert
• truffles and bespoke bubbly on arrival• complimentary picnic hamper• breakfast in bed or on your private patio
or balcony.
WHY WE cHOSE iT?
Its intimate personal service makes you feel instantly at ease, and the views will take your breath away. +27 (0)21 794 6561, thelastword.co.za
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The mammoth Catharina Suite is usually the designated honeymoon suite, and with its plush French-style furniture, king-size bed, separate dressing room, o� ce and balcony, it’s � t for royalty.
The pièce de résistance is the bathroom. With its vintage lion’s paw bathtub, chandelier lamps, incense and candles, it’s hard not to feel like a pampered Shakespearean queen.It’s those little extras that make this boutique hotel so special – the white-gloved butlers that tip-toe around, seeing to your every need, the rose petals in the bath and the candlelit dinners
on the balcony, savoured to the strains of classical piano drifting over you.
Special honeymoon touches include:
• sparkling wine and homemade biscuits on arrival• breakfast in bed.
WHY WE CHOSE IT
If there’s a more romantic boutique hotel in the province, we certainly couldn’t � nd it. +27 (0)12 344 6035, illyria.co.za
The mammoth Catharina Suite is usually the designated honeymoon suite, and with its plush French-style furniture, king-size bed, separate dressing room, o� ce and balcony, it’s � t for royalty.
The pièce de résistance is the bathroom. With its vintage lion’s paw bathtub, chandelier lamps, incense and candles, it’s hard not to feel like a pampered Shakespearean queen.It’s those little extras that make this boutique hotel so special – the white-gloved butlers that tip-toe around, seeing to your every need, the rose petals in the bath and the candlelit dinners
on the balcony, savoured to the strains of classical piano drifting over you.
Special honeymoon touches include:
• sparkling wine and homemade biscuits on arrival• breakfast in bed.
WHY WE CHOSE IT
If there’s a more romantic boutique hotel in the province, we certainly couldn’t � nd it. +27 (0)12 344 6035, illyria.co.za
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34 | March 2011
FABULOUSLY QUIRKY
Located within the Cradle of Humankind, Forum Homini is de� nitely out of the ordinary. The rooms take the form of 12 luxury caves carved into the landscape. The honeymoon suite is nestled away from the main suites, and has a king-size canopy bed, double outdoor shower and sumptuous bath for two, overlooking the bushveld. A � replace, stalactite-shaped lights, a Bubble Chair and a love couch add to the appeal. Award-winning restaurant, Roots, is located on the premises, so be sure to enjoy at least one delicious meal here.
Special honeymoon touches include:
• bed canopy ‘let-down’ and rose petal dusting• champagne, fl owers and bride’s gift• in-suite spa treatments.
WHY WE CHOSE IT:
Forum Homini is great for honeymoon couples looking for something o� the beaten track. +27 (0)11 668 7000, forumhomini.com
Forum Homini
GET THEREfrom Jo’burg
LUXE LIVING
March 2011 | 35
luxe living
1. DecaDence in the cityMelrose Arch HotelIf contemporary urban funk is your thing, look no further than Melrose Arch Hotel in what is arguably Johannesburg’s hippest lifestyle development.
Innovative architecture and outstanding design characterise this hotel at every turn. And, in keeping with this, the penthouse suite offers a honeymoon opportunity that is replete with real style.
The suite’s facilities include a walk-in dresser, lounge area, fireplace, patio, outdoor shower, garden, separate guest bathroom, office and kitchenette.
It’s decorated in an opulent blend of warm, natural tones, and the luxurious personal touches, including mood- enhancing lighting and luxury baths with candles, make the experience that much more special.
Admittedly, having life’s luxuries served up on a silver platter like this makes it difficult to leave. But if you do somehow manage to drag your self away from the suite, be sure to make the hotel’s famous pool area your destination of choice.
There you can hang out at the hotel’s extraordinary Pool Bar. The tables and chairs are half submerged in the water, and
3. OLD-WORLD LUXURyCybele Forest Lodge and Health SpaCheck in and tune out. That’s exactly what you can do as honeymooners at Cybele Forest Lodge and Health Spa, and it couldn’t be easier.
Set on some 120ha of forestland, this charming country farmhouse epitomises old- school courtesy and service.
The honeymoon suite offers the utmost privacy, and you get to enjoy your own climate-controlled pool, separate lounge area and a bathroom to die for, complete with freestanding bath, fireplace and candles.
On request, special honeymoon
touches can include:
• chocolate hydrotherapy spa bath on the night of your arrival, private dinner for two and romantic turn-down with sparkling wine, strawberries and gift
• couple’s massage treatment• private picnic lunch at the waterfall.
Why We chOse it:
It’s the setting that makes this such a desirable venue. And with so many opportunities for intimate moments, it will linger in your memory for years to come. +27 (0)13 764 9500,cybele.co.za
4. WiLD anD fRee Tshukudu Bush Lodge For couples who share a love of the bush, sitting in a sunken bath high up on a hill with sweeping views of the savannah plains of the Pilanesberg National Park around you must sound like a dream honeymoon.
And that’s exactly what Tshukudu Bush Lodge has to offer.
The lodge consists of no more than six individual, custom-designed chalets built into the rocks, providing you with the ultimate in privacy and luxury. Plush leather sofas, double beds, cascading crystal chandeliers and soft, vibrantly coloured furnishings typify the interiors, and each chalet has its own fireplace and balcony, so they’re perfect for romance in all seasons.
Tshukudu is famous for its service and African-inspired cuisine, so come prepared to be spoilt – especially as newly-weds, the staff here always go the extra mile to make sure honeymooners’ stay here is the experience of a lifetime.
special honeymoon touches include:
• champagne on check-in• post-game drive candlelit bubble bath and
dinner on private deck.
Why We chOse it:
Intimacy, luxury and bushveld. Need we say more?+27 (0)14 552 6255, tshukudu.co.za
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oversized metal buckets planted with fully grown trees line the seating area. Sip on your favourite drink and even enjoy a meal here as music filters up as if by magic from beneath the surface of the water.
special honeymoon touches include:
• VIP snack tray• romantic candlelit turndown with rose petals scattered on the bed and in
the bathroom.
Why We chOse it:
In a nutshell, Melrose Arch is perfect for the cosmopolitan, city-loving couple.+27 (0)11 214 6666, africanpridehotels.com
2. ULtimate ROmance Illyria HouseRomance and opulence combine at this magnificent Pretoria guesthouse. Set among beautiful gardens overlooking the Jacaranda City, Illyria House is classy, elegant and extravagant – exactly what honeymooners need to make them feel special.
Wo
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36 | March 2011
CITY SENSATION
The Oyster Box as urban? Why not? It’s this � ve-star Red Carnation hotel’s extraordinary good fortune to be right in the heart of Umhlanga – KZN’s residential and commercial hotspot – as well as on the prestigious north coastline … complete with landmark lighthouse. The setting is sensational, with sweeping views north and south, direct beach access, and it’s just down the road from all the urban action.
On honeymoon at the Oyster Box, there’s little reason to leave the hotel precinct. It’s all on tap, from the award-winning, out-of-this world spa with sensational treatments for two, to a deluxe suite with private plunge pool and six � ne-dining venues. Anyone for fresh oysters and champagne on the Ocean Terrace as the sun goes down, or dinner at the chef ’s table in the sunken wine cellar? And then there’s the opportunity for popcorn and a cuddle in the back row at the movies – the Oyster box has a 24-seat theatre screening romantic classics.
Honeymoon couples will enjoy:
• rose-petal turn-down• chocolate-dipped strawberries and champagne in your room• couple’s spa treatment in the spa or in their rooms• romantic picnic on the beach• personalised package to make your honeymoon simply unforgettable.
WHY WE CHOSE IT:
It’s sheer luxury at every turn, with the indulgence swaying between complete solitude and sublime sociability.+27 (0)31 514 5000, oysterboxhotel.com
The Oyster Box as urban? Why not? It’s this � ve-star Red Carnation hotel’s extraordinary good fortune to be right in the heart of Umhlanga – KZN’s residential and commercial hotspot – as well as on the prestigious north coastline … complete with landmark lighthouse. The setting is sensational, with sweeping views north and south, direct beach access, and it’s just down the road from all the urban action.
� e Oyster Box
GET THERE
from Durban
LUXE LIVING
March 2011 | 37
luxe living
1. Delightfully DifferentCleopatra Mountain FarmhouseTucked away in the beautiful Kamberg Valley, close to Giant’s Castle Nature Reserve in the Drakensberg, Mouse and Richard Poynton’s five-star lodge has a well-deserved reputation for being a romantic gourmet getaway … with a delightful difference.
With only 11 rooms – each lovingly and thematically decorated by Mouse – there’s a great sense of quiet and beauty here.
Life comes down to roaring log fires, long strolls in the mountains, and sensational seven-course gourmet dinners prepared and shared by passionate, highly entertaining chef … Richard himself. For food lovers, this is gourmet heaven.
Special honeymoon touches include:
• tranquillity, beauty, candlelight and a romantic, soothing setting.
Why We choSe it:
It’s extraordinarily different. Surrounded by the majesty of the Drakensberg, there are glorious walks, birdlife, serenity and fine, fine food with the most entertaining commentary. You’ll love it. +27 (0)33 267 7243/9900, cleomountain.com
2. country charmHartford HouseHartford considers luxury to be the journey, not the destination. Spend time with them, and it’s inarguable.
Hartford didn’t start out as a boutique hotel – it was a grand homestead alongside a magnificent, world-class stud farm, and evolved into the five-star establishment it is today.
Hartford offers loads of colonial history and architecture, an extraordinary new spa, a select range of eternally stylish accommodation to suit every taste, and a gourmet kitchen watched over by the young, exciting executive chef, Jackie Cameron,
who’s garnered so many awards for her culinary prowess at Hartford that most have lost count.
Special honeymoon touches include:
• a honeymoon off the beaten track in a charming lakeside suite
• sumptuous dining by candlelight at the Chaîne de Rôtisseurs restaurant in the historic dining room or on the rambling colonial veranda.
Why We choSe it:
It’s luxuriant horse country, picture-postcard stuff, glorious accommodation with your own deck hanging over the lake – and gourmet food fit for kings and queens. The spa, too, is quite exceptional.+27 (0)33 263 2713, hartford.co.za
3. caSually intimateThonga Beach LodgeIf you love your beach clean and uncluttered, Thonga’s your remote, unadorned honeymoon ideal … with a little rejuvenation centre for spoiling, of course.
Set above a secluded bay, Thonga Beach Lodge is nestled in beautiful coastal dune forest in a World Heritage site, with sweeping views of the beach below. It’s renowned as a great dive site.
All 12 spacious, air-conditioned, thatched suites are raised on wooden stilts to ensure no harm comes to the dune soils, while the use of bleached wood, glass and natural materials creates a wonderfully airy feel.
Thonga’s intimacy and remoteness entice you to indulge in long leisurely walks on the beach or to enjoy a sundowner cruise on Lake Sibaya. They’ve captured that perfect balance between peace and quiet and things to do. If you’re desperate to call Mum, climb a sand dune – that’s your only chance of cellphone reception.
The dining area consists of a large thatched ‘rondavel’ that opens out onto an expansive wooden deck, and most meals are served al fresco.
Special honeymoon touches include:
• deep, deep bubble bath against the backdrop of the sea.
• dining by candlelight on the beach.
Why We choSe it:
It’s simple. No formality. It’s all about shorts, tees, costumes and sarongs (or scuba diving, great food and like-minded company if you so choose). Thonga is for those comfortable not taking along that little black number.+27 (0)35 474 1473,isibindiafrica.co.za
4. luxuriouSly WilD&Beyond Phinda Vlei LodgeWithin this prime 23 000ha Big Five reserve, Phinda has six exclusive, glorious lodges, each with its own charm and character.
The intimate Vlei Lodge fringes the reserve’s wetland system along the edge of the rare sand forest, and the six air-conditioned thatched suites – each with private plunge pool, luxurious en-suite facilities, dressing room and perfectly positioned game-viewing deck overlooking the vlei – are cleverly, carefully embedded into those environs.
Intimacy and exclusivity form the cornerstone of a stay at Phinda Vlei. Delectable, innovative pan-African cuisine is served on the vast game-viewing decks or in exquisite, remote bush settings (private dining in your suite can be arranged.)
You may choose from a vast array of activities on site or off, or simply ignore the world and relax in your private plunge pool and watch the wild world go by.
In addition to the twice-daily game drives, Phinda conducts bush walks, canoe trips, boat cruises, horse riding and even night turtle drives (seasonal).
Special honeymoon touches include:
• the most civilised and romantic bush experience imaginable – so small and so intimate that they can truly tailor the experience to the honeymooner’s needs.
Why We choSe it:
&Beyond Phinda has justifiably won a slew of accolades for its lodges, and it’s entirely true that on your visit to Phinda, you will feel like royalty.
No pomp and ceremony though; it’s all sophistication and sensitivity to your needs and those of the environment. Chances are you’ll fall head over heels in love with this kind of Africa.+27 (0)11 809 4447,andBeyond.com
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Foreign property investors are in good hands with these legal top guns.
38 | March 2011
ground control
ASK THE EXPERTS
Photographs Val Adamson
Hair and make-up Chelsea Hill
March 2011 | 39
ASK THE EXPERTS
+27 (0)31 502 6902 | dacostaattorneys.co.za
How does your company assist
foreigners looking to invest in SA?
More often than not, our overseas
clients approach us once they
have made the decision to invest
in property in SA. They would have
already approached a local estate
agent to assist them in fi nding a
suitable investment opportunity,
and understanding the ins and
outs associated therewith. We
assist them in vetting the Offer
to Purchase (which may be very
different to anything they have
encountered in their own country)
to ensure that their rights are
protected. Once appointed as the
conveyancers, we then handle
the registration of transfer on
their behalf.
In your experience, what types of
people/businesses are looking to
invest in the country?
The majority of the overseas
clients we deal with are purchasing
property as a holiday home;
alternatively as a place to retire to.
What elements work in favour of
foreigners looking to invest here
and what works against them?
Elements that work against foreign
investors are: (a) high fi nancing
costs; (b) banks not offering
bond fi nance of more than 50%;
(c) the high cost of ownership;
(d) the taxes payable when you
dispose of the asset. Elements that
work in foreign investors’ favour
include: (a) favourable exchange
rates; (b) secure ownership; (c) a
wonderful climate all year round.
DA COSTA INC.
Annabelle da Costa, Director
40 | March 2011
+27 (0)31 583 8060 | [email protected]+27 (0)31 309 5483 | amchunter.co.za
How does your company assist
foreigners looking to invest in SA?
We provide a comprehensive, expert
legal service pertaining to all aspects
of property acquisition within SA,
as well as guidance through all the
legal requirements.
In your experience, what types of
people/businesses are looking to
invest in the country?
We deal with clients from all
continents – and not only high- end
investors, but also with ordinary
folk seeking holiday or investment
homes. In addition, there are many
expats and returning residents with
forex at their disposal who know the
good value of property here.
What elements work in favour of
foreigners looking to invest here
and what works against them?
Our property still offers good value
for money. This, coupled with the
rate of exchange, one of the best
property registration systems in
the world, and a brilliant climate
and favourable lifestyle, makes SA
very attractive for foreign investors.
There are a few downsides to
investing here. Some examples
might be that the banks will only
lend 50% of the purchase price to
non-resident buyers. Also, upon
resale, capital gains tax (ranging
from 10% of the profi t for individuals
to 20% for corporates) and
withholding tax (between 5% and
10%, depending on the selling entity,
for a purchase price over R2-million)
is payable. Furthermore, the rate of
exchange may diminish the profi t.
How does your company assist
foreigners looking to invest in SA?
Over and above the changes to the
Companies Act, South Africa has
implemented the Broad-based Black
Economic Empowerment (BBBEE)
Act, which has direct bearing on
foreign entities looking to enter
the South African economy. As a
commercial attorney at Macgregor
Erasmus, I deal with both pieces
of legislation, amongst others, to
provide compliance advice and
assistance in the preparation of
agreements between commercial
entities, and advice and assistance
in dealing with contractual disputes
and civil claims.
In your experience, what types of
people/businesses are looking to
invest in the country?
International companies specialising
in information technology and
industrial/specialised equipment.
What elements work in favour of
foreigners looking to invest here
and what works against them?
Often, those entering the local
market bring with them skills and
technology not readily available in
SA. This gives them considerable
buying power and access to largely
untapped markets, not only within
SA, but in the whole sub-Saharan
region. There are challenges to
entry in terms of compliance with
the BBBEE Act. What is required
is a coherent company structure
and compliance policies to enable
foreigners to take advantage of the
investment opportunities in SA.
How does your company assist
foreigners looking to invest in SA?
As the primary business of our fi rm
is conveyancing, a large percentage
of our dealings with foreign
investors in SA is related to property
acquisition. In this regard, we
assist these investors in becoming
familiar with and understanding
the various laws applicable to their
transaction, so as to ensure that the
differences between their domestic
laws, procedures and processes,
and those of South Africa, can be
highlighted. We also assist foreign
investors in understanding and
applying the relevant exchange
control policies and procedures,
and refer them to experts in the
fi eld, including our many banking
partners. This assists in ensuring
that, in the event of the investment
being disposed of at any stage
and the client wishes to transfer
the proceeds out of SA, they are
able to do so. We advise as to the
tax implications of the purchase
and sale of property, as well as
the best-suited legal entity within
which to make a purchase. We also
warn foreign investors about the
limitations that South African banks
impose on mortgage grants.
In your experience, what types of
people/business are looking to
invest in this country?
Foreigners who have visited
the country on holiday or have
increasing business ties within
SA are making moves towards
purchasing property in South Africa.
+27 (0)31 201 8955 | [email protected]
ASK THE EXPERTS
SMITH TABATA BUCHANAN BOYES
MACGREGOR ERASMUS ATTORNEYS AMC HUNTER INC.
Stavros Anthias, PartnerBhauna Hansjee,
Associate (Attorney)Siobhan Tamlyn Perrigo, Attorney
How does your company assist
foreigners looking to invest in SA?
We have several years of experience
in attending to property transactions
on behalf of foreign nationals. A
sound knowledge of exchange
control regulations and an expert
banking support system ensure that
transactions are competently dealt
with. Electronic links with Sars, local
authorities and fi nancial institutions
facilitate transactions.
In your experience, what types of
people/business are looking to
invest in the country?
Given property values and the
sublime climate in KZN in particular,
traditionally upper-income investors
or retiree foreign investors seek
prime property with a view to
either spending half the year in
South Africa or visiting regularly
throughout the year. Investors
are assertive and have long- term
investment motivation and
the fi nancial power to support
their choices.
What elements work in favour of
foreigners looking to invest here
and what works against them?
Foreign buyers can only mortgage
up to 50% of their investment,
though the government has taken
steps to encourage investment
by not putting restrictions on
ownership. We enjoy strongly
regulated systems and a highly
sophisticated deeds registry. There’s
a shortage of property, creating
long-term growth potential backed
by the strongest economy in Africa.
CJ COGAN ATTORNEYS
Jo-Anne Cogan, Owner
+27 (0)32 947 0865 | [email protected]
March 2011 | 41
Real estate
There has been talk for years about the empowerment of real-estate consumers through technology, with the wealth of information
and ‘for sale’ listings on the internet making for much better informed – and demanding – property buyers and sellers.
However, I think the real-estate industry in SA ain’t seen nothin’ yet when it comes to consumer power, and that a couple of pieces of legislation will mark 2011 as a watershed year in this regard.
First up is the new Consumer Protection Act (CPA), which comes into effect in April and has already prompted many real-estate companies to make changes to their sales documentation.
The guiding principle of the CPA is that consumers have a right to get what they think they are paying for – whether it’s a hamburger, a haircut or a house – and it basically makes the suppliers of goods and services responsible for ensuring that buyers
understand fully any contract they enter into, and that they have not been subject to any false representation or nondisclosure.
There is still some doubt in real-estate and legal circles about how this will affect the use of the voetstoots – or ‘as is’ – clause traditionally inserted into most home sale agreements – and about whether estate agents will be regarded as suppliers or facilitators in terms of the new law. But I don’t think the industry is going to wait for answers to emerge from test court cases.
My belief is that the CPA is very quickly going to bring about huge changes in the way properties are bought and sold – including ‘ordinary language’ sales agreements that are easier for consumers to understand, as well as a rapid rise in the use of certified inspectors to provide independent home appraisals, such as those that are a prerequisite for all home purchases in the US and the UK.
The other biggie for property consumers this year is the legislation dealing with the
new compulsory qualifications for estate agents. In 2011 we will see the start of a process that ensures that all estate agents have a proper NQF Level 4 or Level 5 qualification by the end of 2013.
All those who joined the industry after July 2008 will need such a qualification by the end of this year in order to register with the Estate Agency Affairs Board (EAAB) and obtain a Fidelity Fund Certificate.
In SA, this certificate is effectively an agent’s licence to operate and the customer’s guarantee that any money entrusted to the agent is either safe or will be refunded by the EAAB if it is misappropriated.
The new estate agent qualifications will hold even greater benefits for consumers, not the least being the right to expect a much higher level of knowledge and a much more professional service from agents.
And this, combined with the power conferred by the CPA, will no doubt bring about renewed awareness that the real drivers
of the property market are not inventory levels, interest rates or smart marketing, but homebuyers and sellers themselves.
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Berry Everitt, CEO, Chas Everitt International
GUEST EDITOR Berry Everitt
The year 2011 sees the introduction of two pieces of legislation that will mark a turning point in South Africa’s real-estate industry, as the power shifts back to property buyers and sellers.
residential, commercial, property fund, offshore, auction, green building
The Year of the Consumer
42 | March 2011
Residential Real Estate
Co
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by A
nd
ré F
iore
and
Genevie
ve F
isher
Beachfront BallitoScheduled for completion around Easter of 2012, the newly launched @88 on the Ballito beachfront is a development of
12 exclusive apartments offering an executive lifestyle and direct beach access. Selling off plan, these three-bedroom,
three-bathroom, sea-facing units offer superb finishes, open-plan living spaces, generously sized
patios and air conditioning throughout. Apartments are approximately 165m2 and include
two basement parking spaces and the option of purchasing a storeroom.
The complex will have a pool and clubhouse as well as remote- controlled
access. ‘With apartments priced from R3,95-million to R4,5-million, this is an
opportunity to own an ideally situated piece
of upmarket North Coast property,’
says Lloyd Rees of Tyson Properties Ballito.
+27 (0)82 449 3299, tysonprop.co.za
Steve Corbett Architects designed @88for seaside living.
Buy-to-let looking healthierAfter a weak performance for most of 2010, it seems as if the buy-to-let market
is becoming more attractive, particularly in areas where homes are valued at
under R1-million, and in the apartments rental market. FNB Home Loans Strategist
John Loos says there is a shortage of supply in the apartment rentals market,
which will ultimately result in landlords’ being able to ask for higher rentals.
According to figures released by Stats SA, residential rentals grew by an average
of 5,6% year-on-year in November. For the first time in five years, estate agents
surveyed are also expecting an increase in demand in this segment, and they
believe investors will once again start considering this market.
Property predictionsLast month we featured six of the country’s real-estate leaders – Peter
Gilmour, Samuel Seeff, Andrew Golding, Berry Everitt, Lew Geffen and Keith
Wakefield – to get their views on the state of the industry. Here, two more
industry heavyweights share their opinions.
Tony Clarke, MD, Rawson Properties: ‘All the evidence today indicates that
the big firms that took their branding and ongoing promotion further by
every possible means – including modern technology, such as the internet
and social media, cellphones and direct mail – are achieving increasing
dominance. There will always be room for the small area specialist, but the
big brands will increase market share and become even more respected.
It’s likely that sales will steadily increase because of low interest rates, strong
demand at the lower levels and the banks’ gradual easing of credit restrictions.’
Herschel Jawitz, CE, Jawitz Properties: ‘There is no doubt that the
industry is far more professional than it was previously. Factors that have
driven this improvement are education, greater consumer awareness and
increased competition. The most obvious improvement has been the use
of technology, as it enables estate agencies to be more efficient in terms of
communicating with more clients, and marketing more properties to a wider
audience – a win-win situation for everyone.’
‘Prices in many coastal areas are really competitive at the moment, and the long- term prospects for value growth are sound.’ – Berry Everitt, CEO, Chas Everitt International
March 2011 | 43
Residential Real Estate
Like hotcakesJust launched, Phase 2 of Point Bastille is a five-storey, canal-side development at
Durban Point Waterfront. It offers a mix of studio apartments, double-volume one-
bedroom loft apartments and two-bedroom, one-bathroom simplexes. Situated
on the prime canal site at the Waterfront, the apartments have an upmarket,
minimalist, industrial finish – all in white, with floors of white-pigmented plaster,
kitchen and bedroom cupboards in dark mahogany and white stone kitchen
countertops. This is the only development site within the precinct that allows for
construction right up against the canal. Designed by Paton Taylor Architects, the
building maximises the site’s unique position by encouraging public interaction
in the piazza and the open-air restaurants below. The piazza itself has enormous
potential as an outdoor meeting place that will buzz with buskers, retail facilities
and waterside cafés; it can become a space where locals and tourists will be able
to mingle in a vibrant café-society setting. ‘Priced from R682 000, 32 out of the
44 available units have already been sold,’ says Craig Murphy of PWR Properties.
+27 (0)79 871 3838, pwr.co.za
Ridge residentialLaunched in January this year, Season’s Court in Meridian Drive, Umhlanga Ridge
Town Centre, offers one-, two- and three-bedroom units in an inviting garden
setting. Situated diagonally opposite the Porsche Centre, the development
comprises 230 apartments, including 83 in Phase 1. With lush landscaping, a
swimming pool and spacious leisure areas, Season’s Court is ideally suited to
young families, first-time buyers and buy-to-let investors. Nearby amenities include
Gateway Theatre of Shopping, the retail and leisure offerings of Umhlanga, the new
airport and the surrounding business precinct. ‘Units are priced from R650 000 to
just under R1,4-million,’ says Jenny Aitken of Wakefields Estate Agents.
+27 (0)31 561 1286, wakefields.co.za
Wild Coast winRecently launched onto the market as a sectional-title development, Tortuga
is a completed 30-unit complex within the Caribbean Estates private
resort. Bordered by the Indian Ocean and the Umtamvuna River, and just
five minutes away from the Wild Coast Sun, this estate offers two- and
three- bedroom apartments on the water’s edge. Units range from 115m2 to
137m2, are fully furnished to a high standard and include television, a fully
fitted kitchen and laundry, cooking utensils and cutlery. Facilities on the
estate include a swimming pool complex, an all-weather floodlit tennis court,
a playground and direct access to both beach and river. Boats are welcome.
‘Starting at less than R1-million, and with no transfer fees payable, this is an
ideal investment as a permanent residence or holiday home,’ says Stephanie
Harries of Wakefields Shelly Beach.
+27 (0)79 770 4742, wakefields.co.za
Uvongo opportunityPhase 2 of the spacious, modern Kenmuir Gardens in Uvongo has recently
been launched, with 17 new apartments on offer. Comprising two- bedroom,
two-bathroom, and three-bedroom, two-bathroom seaside studio
apartments (double-storey and private garden options included) the
development has cathedral ceilings, open-plan living spaces, granite kitchen
counters and stylish wooden flooring. ‘Situated in the Uvongo residential
area, close to the beach and shops, this secure complex is pet-friendly, has
low levies and is one of the nicest on the South Coast,’ says Pieter van der
Merwe of Pam Golding Properties Margate. +27 (0)39 317 3003,
pamgoldingproperties.co.za
44 | March 2011
COMMERCIAL Real Estate
Co
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by A
nd
ré F
iore
and
And
rea F
irth
The January launch of the
6 000m2 Adcock Ingram
Healthcare regional distribution
centre and offi ces marks yet
another Zenprop Property
Holdings investment in the
Riverhorse Valley Business
Estate. The new high-tech
premises, custom designed to
Adcock Ingram’s operational
requirements by Jonathan
Leibowitz of Empowered
Spaces Architects, are fully air
conditioned, are compliant with
ASIB fi re protection regulations,
stand 13m high to eaves, and
have an FM II fl oor specifi cation.
Zenprop has invested a total
of approximately R650-million
in Riverhorse Valley in the last
fi ve years, including Mr Price
Group’s national distribution
centre (27 000m2), City Couriers’
distribution centre and offi ces
(12 000m2), AGI’s factory and
offi ces (10 000m2), Schenker’s distribution centre and offi ces (5 000m2), Parmalat’s distribution centre and offi ces (5 000m2),
Fuel Logistics’ distribution centre (18 000m2), UTi Pharma’s distribution centre (9 000m2), the Midas Group’s distribution centre
(11 000m2), the offi ces of The Witness (3 500m2), Discovery Health’s call centre and offi ces (6 000m2) and Kevro’s distribution centre
and offi ces (5 000m2). ‘There is a vacant warehouse of approximately 3 700m2 immediately adjacent to the Adcock Ingram premises
that is available to let. It has its own dedicated yard and marshalling area and is very competitively priced,’ says Dave Kopp of Tysons.
+27 (0)11 883 8380, espaces.co.za; +27 (0)31 312 9500, tysonprop.co.za; +27 (0)31 566 4840, zenprop.co.za
‘A warehouse of approximately 3 700m2 is availableto let.’
Mine innovation
A R2,5-billion mine dump processing plant is set to be in operation by
2013 in the North West and Mpumalanga provinces. The new plant is
predicted to generate in excess of 400 jobs for the area, will process
approximately 1,1-million tons of material from the mine dumps and produce
500 000 tons per year of ‘pig iron’, which is consumed in steel production.
State-of-the-art technology will be used to recover residual iron ore from
mine dumps that would otherwise have been unprocessable. Donovan
Chimhandamba, head of the Strategic Projects Fund at the National
Empowerment Fund (NEF), believes that a project of this magnitude
is ‘ground-breaking’ and offers an opportunity to be at the forefront of
cutting-edge mining innovation, with strong BB-BEE participation at an early
stage. ‘We are very excited by this project not only because of its strong
commercial merit, but also its high developmental impact and environmental
cleaning aspect,’ says Donovan. 086 184 3633, nefcorp.co.za BRIC work
South Africa has been invited to join the BRIC nations, a group of the world’s
most promising emerging economies: Brazil, Russia, India and China. Chinese
President Hu Jintao has invited President Jacob Zuma to the BRIC’s third
heads- of- state meeting in Beijing in April 2011 for a formal induction. According to
the International Monetary Fund, the BRIC nations will account for 61% of global
growth in three years’ time. Miller Matola, CEO of the International Marketing
Council of SA, says the move is expected to ‘boost investment and trade
opportunities for the country, as it has done for the other four states’. Last year
both local and foreign investment in South Africa increased, with median property
prices reportedly growing by 7,3% and 8,3% in July and August respectively.
Investor confi dence is predicted to rise by 6% in 2011. Incentives to invest in South
Africa include its affordability, attractive climate and beautiful landscape, as well as
its strong and growing market +27 (0)11 483 0122, imc.org.za
Zen zeal
March 2011 | 45
CommerCial Real Estate
‘SA is just brimming with new ideas, new projects and new opportunities.’ – Berry Everitt, CEO, Chas Everitt International
Hospitality hike
The KZN North Coast guest house market has reported record growth in
demand in both the corporate and leisure markets over the last nine months, say
consultants Corinne Lategan and Ian Bannerman of Pam Golding Lodges & Guest
Houses. ‘The bedding down of the new airport, coupled with the development of
La Lucia and Umhlanga Ridge office parks, has had an extremely positive impact
on hospitality businesses in the areas of Durban North, Umhlanga, Ballito, Salt
Rock and Blythdale – all within 15 minutes of King Shaka International Airport,’ says
Corinne. A steady influx of corporate travellers in Ballito, Umdloti and Salt Rock is
specifically benefitting four- and five-star guest houses. Once the Dube TradePort
is fully operational, the business hub is expected to have a domino effect on all
subsidiary service-related businesses, including the hospitality industry. ‘The
demand for accommodation close to a hub of this size and with such diverse
business interests, many of which will have global reach, will create a very good
return on investment for hospitality business owners,’ says Ian.
+27 (0)31 765 2557, goldinghotels.co.za
Another franchise for Tysons
Times are busy at Tyson Property Group as yet another franchise opens in
Phoenix. Praveen Hariparsaad, the newest franchisee to come on board, says
he is already busy processing valuations and referrals, and is looking forward to
making his mark in the area. ‘I will be marketing the Tyson Properties brand to a
community where it is virtually unknown, and I believe we will be doing a great
deal of business in this area.’ The residential areas under the new franchise include
Phoenix, Verulam, Tongaat, La Mercy, Mount Edgecombe, Broadlands, Avoca Hills,
Newlands East and West, Effingham/Avoca and Parlock. All are close to strategic
business, commercial and industrial growth nodes that have evolved along with
the new King Shaka International
Airport. Phoenix Industrial Park,
Riverhorse Valley and the Dube
TradePort are important sources
of investment and employment,
making this a perfect market for
first-time buyers as well as for
those ready to upgrade from the
one- or two-bedroom houses that
were provided by government.
Key retail developments, such
as the Phoenix Plaza, Bridge
City and Gateway Theatre of
Shopping, as well as improved
infrastructure, schools, sports
and religious facilities, provide
for other aspects of family life in
the area. +27 (0)32 533 5459,
tysonprop.co.za
Green piece
Things are looking up on the green side of the R250-million Edendale
Mega City development, where work on the restoration of the adjacent
1,3ha natural wetland has begun. Susan Carter-Brown of Afzelia
Environmental Consultants, who undertook the environmental impact
assessment for the developers, says the wetland will form ‘an aesthetically
pleasing component of the new mall, where a palette of indigenous fauna
and flora will feature in the wetlands alongside patches of reeds, small
rock piles and shallow ponds.’ The wetland will also serve as a buffer zone
that will reduce storm-water flows from the centre, assist in the filtration
of the rainwater and feed naturally into the Msunduzi River. Another
important conservation element of the project was the safe relocation of
the threatened indigenous plants that grow on the site. The plants, including
the African potato, were carefully lifted prior to the earthworks starting.
‘These plants are being tended in a temporary nursery and will be replanted
at the mall when the construction work is completed,’ says Susan. Edendale
Mega City will provide 26 000m2 of retail space, and is being developed by
Ducatus Properties and Tebfin Developments. It is due for completion in the
fourth quarter of 2011. +27 (0)12 687 4000, tebfin.co.za
Modern talking
Set just above the eThekwini Hospital in Riverhorse Valley, the purpose-built
Reid Raetzer House opened in January as the insurance brokerage’s new
head offices. ‘Our logo, “Since 1969”, speaks volumes for the longevity of
relationships we have with our clients, and as these have now been extended
to their children and grandchildren, we wanted a building that offered open,
welcoming spaces, wide passageways, gathering points where clients and
staff can interact, and open-deck entertainment verandas capitalising on
the magnificent views of the freeway and Riverhorse Valley East,’ says
Michael Grossi of Reid Raetzer. The striking design by Vageli Zervogiannis of
Zervogiannis Associate Architects includes all this, as well as an abundance
of glass, contemporary steel cladding and highly polished cement floors.
‘While the top two floors are occupied by Reid Raetzer, the beautifully
appointed ground floor of 600m2 is available to let at R95/m2,’ says Dave
Kopp of Tyson Property Group. +27 (0)31 312 9500, tysonprop.co.za
Left to right: Chris Tyson, Praveen Hariparsaad
46 | March 2011
ProPerty Fund Real Estate
Co
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by J
oan M
ulle
r, F
INW
EE
K P
rop
ert
y E
dit
or
Where to place your betsEveryone knows that past performance is no guarantee of future
performance. So while Fortress Income Fund B (65,7%) Vukile
Property Fund (47,39%) and Growthpoint Properties (41,77%)
were the top performers in terms of total return last year,
fund managers don’t necessarily believe that these counters
will again top the property pops in 2011. Ian Anderson, chief
investment officer of Grindrod Asset Management, is placing his
bets on the A units of both Fortress and Hospitality Property
Fund. ‘Both appear to be offering value at current prices. Their
yields are among the highest in the sector and the guaranteed
distribution growth rates should not be underestimated in the
current economic climate.’ Ian also believes Redefine Properties
presents a buying opportunity at current share price levels, after
a disappointing performance last year. Ian says SA Corporate
Real Estate Fund may finally be able to put its chequered past
behind it in 2011 and deliver above-average returns for investors.
‘It offers the highest yield in the sector at 9,25% and is likely to show positive distribution growth during
the year.’ Evan Jankelowitz, director of property equity specialists Sesfikile Capital, likes Resilient Property
Income Fund. ‘From a fundamental perspective, Resilient is positioned nicely, with non-metropolitan retail
still showing strong trading densities, despite the recent global crisis. There’s also growth potential in what
appears to be an accretive development pipeline. However, the price does reflect the opportunity.’ Keillen
Ndlovu, head of property funds at Stanlib, believes that Capital Property Fund and Emira Property Fund,
among others, will outperform in 2011. ‘Capital is trading at a yield similar to the market, yet it offers better
growth prospects driven by a superior portfolio and great management. A merger with Pangbourne is
another positive – size, liquidity and, hopefully, a better rating.’ Keillen notes that Emira is well priced at a
forward yield of 8,75% against the market’s 8,3%, with similar growth prospects. The stock has vacancies of
15% in the office portfolio, creating an upside if the market turns.
Although property stocks remain a great bet for income-chasers,
the impressive 30% total return notched up by the sector last year is
unlikely to be repeated. Evan Robins, head of listed property at Old
Mutual Investment Group SA (OMIGSA), expects a ‘below-average’
year for the sector. He notes operating conditions will remain tough
for much of 2011 and market expectations may therefore be too
positive. Evan says, ‘Listed property is not a bargain, and we expect
that 2011 will be one of below-average returns, with total returns
likely to be in the lower double digits.’ While listed-property prices
have increased substantially, Evan points out that direct commercial
property prices have not risen to the same extent. This is reflected in
muted growth in property companies’ portfolio valuations. As a result,
listed property companies are now trading at a historically high premium
of around 10% to their direct property valuations. And while property
company results held up relatively well for most of 2010, final quarter
earnings disappointed. Evan says that while further interest rate cuts
remain conceivable, there is a greater chance that bond yields will end
2011 at higher levels, which poses a significant risk to capital growth.
Listed- property yields usually rise in tandem with bond yields, and higher
yields mean lower prices. If inflation remains low, this will be beneficial
in real terms for property owners, as contractual rental escalations are
in nominal terms, so property owners benefit when inflation surprises on
the downside. This is one reason why Evan expects distribution growth
to exceed inflation this year, despite challenging operating conditions.
‘With an 8% forward-yield and medium-term, above-inflation distribution
growth, we believe listed-property investors are most likely to achieve
lower double-digit returns this year if the bond market is stable. This
remains a decent return from a high-yield asset, considering the current
low-return, low-inflation environment. It warrants particular consideration
from income-dependent investors with some risk tolerance that also
require capital growth. But investors should temper their expectations.’
Historic Performance for 2010
Individual Stock Performance
Total return YTD (Jan.–Dec. 2010)
REIT Index 10,46%
PUT Index 25,50%
PLS Index 30,95%
SA Listed Property Index (SAPY) 29,62%
Capped Property Index (PCAP) 24,81%
FORTRESS-B 65,70%
VUKILE 47,39%
GROWTHPOINT 41,77%
OCTODEC 39,11%
PREMIUM 35,05%
RESILIENT 34,25%
SA CORPORATE 33,30%
HYPROP 32,91%
EMIRA 31,67%
CAPITAL PROPERTY 23,87%
PANPROP 23,85%
REDEFINE 22,08%
ACUCAP 22,08%
HOSPITALITY-A 22,03%
FORTRESS-A 21,85%
FOUNTAINHEAD 20,67%
SYCOM 16,27%
HOSPITALITY-B -4,73%
Information Source and Methodology
Data I-Net Bridge unless stated otherwise
Calculations and forecast estimates Catalyst Fund Managers
Stellar performance won’t be repeated
‘Listed property is not a bargain … ’– OMIGSA
Ian Anderson, Chief Investment Officer, Grindrod Asset Management
PROPERTY FUND Real Estate
Bricks and mortar spin best profitsListed property has beaten all other major asset classes over both the short and longer term, latest fi gures from Catalyst
Fund Managers show. Over the past 12 months until the end of 2010, listed property delivered a total return of 29,62%,
followed by equities as measured by the All-Share Index (18,98%), bonds (14,96%) and cash (6,93%). Looking at a longer
investment horizon of fi ve years, listed property again recorded the highest annualised return of the four traditional asset
classes (18,07%), followed by equities (15,24%), cash (9,14%) and bonds (7,92%). Whether listed property will continue to
outperform equities is anyone’s guess. However, Catalyst Investment Manager Paul Duncan says listed property remains
an attractive alternative to cash and bonds for investors dependent on an income. The key differentiating factor between
listed property, and bonds and cash, is that the income paid out on a quarterly or biannual basis by property companies
usually grows every year, while the income earned on bonds and cash remains static. Paul notes that property stocks
currently offer an average forward yield of just more than 8%, which compares favourably with the 5,34% on overnight
cash deposits and the 7,31% yield to maturity on R157 government bonds.
Property shines in top 100 surveyIn addition to being the best-performing asset class in 2010, listed
property also features prominently among South Africa’s top
100 companies. The latter ranks the best-performing companies
across all sectors of the JSE. Norbert Sasse, chairman of the
Property Loan Stock Association (PLSA) and CEO of Growthpoint
Properties, says 15 of the top 50 best-performing companies in
terms of ‘profi t after tax’, as well as ‘growth over 10 years’ are
listed-property companies. Moreover, property stocks represent
13 of the top 100 companies in terms of overall performance over
fi ve years, despite the R127,5-billion listed-property sector still
representing less than 4% of the JSE’s total market capitalisation.
He says that, given last year’s total return performance of close to
30% and the sector’s strong representation among SA’s best listed
investments, any serious investor, retail or institutional, should
regard meaningful exposure to listed property as an asset class as
being fundamental.
Asset Class 2006 2007 2008 2009 2010 Annualised
SA Listed Property 28,4% 26,5% -4,5% 14,1% 29,6% 18,07%
Equities** 41,2% 19,2% -23,2% 32,1% 19,0% 15,24%
Cash*** 7,5% 9,3% 11,7% 10,3% 6,9% 9,14%
Bonds* 5,5% 4,2% 17,0% -1,0% 14,96% 7,92%
Source: I-Net Bridge, *BESA All Bond Index, **All-Share Index, ***STEFI 12-Month Cash Index
Norbert Sasse, Chairman, Property Loan Stock Association, and CEO, Growthpoint Properties
Outlook improves for off ice-focused fundsIt appears that the offi ce market is taking a turn for the better, with signs
of increased demand for space in some prime nodes, which bodes well
for property counters with a large exposure to the sector. A number of
property funds, including the likes of Redefi ne Properties, Growthpoint
Properties, Emira Property Fund, Pangbourne Properties and Octodec
Investments, have offi ce vacancies approaching or exceeding 10%. Izak
Petersen of Mergence Africa Property Fund notes that higher take-up and
measured rental growth is starting to come through in select offi ce nodes
as the economic recovery gains momentum, slowly but surely. Izak notes
the Sapoa/IPD Offi ce Vacancy Survey for fourth quarter 2010 indicates
that prime offi ce properties in areas such as Sandton, Cresta and the
Johannesburg CBD in Gauteng, and Bellville, the Waterfront and the CBD
in Cape Town, are either fully let or have minimal vacancies of around 1%.
However, Izak warns there are still risks in the system, such as corporate
downsizing and liquidations, which can potentially drive down rentals.
‘Lower vacancies in offi ce and industrial properties mean more jobs, which is always the best news for the market.’ – Berry Everitt, CEO, Chas Everitt International
48 | March 2011
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OffshOre Real Estate
Pound pounceThe strength of the rand combined with the relaxation of exchange controls
makes this an opportune time for South Africans to invest in UK direct commercial
property, says Broll Investment Broker David Adams. He adds that commercial
property capital values in the UK have recovered by 20% to 30% from their trough
in the current cycle. Broll highlights two appealing investment prospects. The
first is a £7,7-million (about R87-million) A-grade office property requiring around
R30- million purchase equity and representing an initial yield of 6,2%. The second is
a freehold supermarket in South West London with seven years remaining on lease
for £1,3-million (about R14,8-million). It requires R5,5- million purchase equity with
an initial yield of 6,62%. +27 (0)21 446 2507, broll.co.za
Black River magicSituated in the popular Black River district, on the west coast of Mauritius, Matala
Lifestyle Estate is only three minutes from the beach. Nestling in the Black River
Gorge National Park on 18ha of tropical beauty, the 71 luxury villas come in three
different designs, ranging from a three-bedroom, 250m2 villa to a four-bedroom,
489m2 villa situated on a half hectare of land. All the villas rest on large landscaped
freehold stands, each with private swimming pool. They have designer finishings
and are air conditioned in each bedroom with bathroom en- suite. Matala Lifestyle
Estate is an Integrated Resort Scheme, meaning that owners and their direct
family get residency on the island. Plots range in size from 0,2ha to 0,45ha and are
priced from $590 000 (about R4,2-million) to $840 000 (about R6-million). Villas
are priced from $945 000 (about R6,7-million) to around $2,098-million (around
R15- million). Phase 1 of the development is currently under way and is scheduled
for completion by January 2012. +230 261 2233, seeff.mu
A French vintageHeritage Properties of Europe specialises in sourcing prime properties and
wine estates in the south of France for South African investors. They have on
their books a restored 19th-century château with two towers and 730m2 of
habitable space. The property is set in the Bordeaux countryside within a beautiful,
23ha park. Priced at ¤2,899-million (R27,5-million), the main house includes grand
reception rooms, eight en-suite bedrooms, two dressing rooms, a home cinema
and a games room. Original parquet flooring, a stone staircase and fireplaces are
among the significant features together with light, elegant and spacious rooms.
Separate from the house is a caretaker’s cottage, a dedicated wood- panelled
office suite and library, garaging and stables, an infinity swimming pool and a
hard court for tennis or basketball. This château is surrounded by vines, and
is a stone’s throw away from St Emilion and Bordeaux. +27 (0)11 482 1876,
heritagepropertiesofeurope.com
Dip your toesThe powder-sand beaches, tropical sunshine, lush greenery and temperate
climate of Seychelles are all within your reach at the luxurious, 56ha
marina development, Eden Island. The developers are now offering two
free-flowing, four-bedroom, ocean-front villas with occupation available in
August 2011. Each priced at $2,495-million (R17,6- million), including notary
and residency fees, the homes come fully furnished to designer standards,
from deluxe four-poster beds to well- appointed living areas with all the
creature comforts, such as luxury Miele appliances in the kitchens. Each
home has a veranda that opens out onto the pool, as well as a private
outdoor staircase leading into the turquoise ocean below. There is air
conditioning throughout the homes, as well as private moorings
with water and electrical points for residents’ boats. Eden
Island offers homeowners exclusive facilities, including
the use of the fitness centre, a delicatessen, clubhouse,
kids’ play area, communal pools, and tennis and
volleyball courts. +27 (0)82 882 8996, edenisland.sc
Eden Island has four beaches and 16ha of private waterways.
‘Property investors have an increasingly global view and are scouring the world markets now for good growth prospects.’ – Berry Everitt, CEO, Chas Everitt International
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50 | March 2011
Auction Real Estate
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Rich pickingsThe commercial and industrial auction property market has reached a turning
point, and there are some excellent opportunities to be had by investors and
owner-occupiers in 2011, says Roy Lazarus of Park Village Auctions. Towards the
end of last year, such properties on auction found a ready market at good prices
– subject to important provisos. ‘Those provisos have much to do with whether
the property is well tenanted, has a stable power supply, is in reasonably good
condition, is well positioned relative to transport routes and markets, and has a
good rental income producing a steady return on investment, with potential for
further growth,’ he says. Manufacturing, retailing, distribution, warehousing and
office accommodation are in strong demand among savvy buyers, and auctions
will satisfy these market needs. +27 (0)11 789 4375, parkvillageauctions.co.za
A head startJust as 2010 was drawing
to a close, Rawson Auctions
achieved R10-million in sales
in one week, an achievement
that group MD Tony Clarke
describes as ‘remarkable’
for a new auctions division.
Rawson Auctions CEO Tanya
Jovanovski says the group’s
relationship with Standard
Bank, ABSA and FNB is what
enabled them to play a full part
in the distressed sales market,
and she says it’s likely that
this market will continue to
be a major income- earner for
another half year. ‘Properties in
possession are going for bargain
prices, and are particularly well
suited to investors who are prepared to renovate them – on a modest scale – and
rent them out,’ Tanya says. A few of the sales that contributed to the success of
the young division (Rawson Auctions has been operating for a little over a year)
included a penthouse in the eight-storey Intaba residential project in Claremont, a
four- bedroom home in Rondebosch and other, smaller repossessed properties that
Rawson Auctions sold on behalf of the banks. +27 (0)21 658 7100, rawson.co.za
A home in the skyThe magnificent Sandhurst Towers penthouse will be going under the Auction
Alliance hammer this month. The 1 000m2, three-storey property has a high-tech
home automation system and consists of four bedrooms, a chef’s kitchen, an air
purification system, designer bar, private lobby, basement parking, exquisite pool,
large entertainment area, as well as butler accommodation. ‘We are expecting an
exciting auction, as this property is attracting interest not only from local buyers, but
also from individuals abroad. The views are breathtaking and the features are all
state-of-the-art,’ says Michele Antelme of Auction Alliance. The auction takes place at the
Hilton Sandton hotel at 138 Rivonia Road on 17 March. +27 (0)11 430 5555, auction.co.za
Tony Clarke, Tanya Jovanovski
Immortalised in an irisIn collaboration with the WWF Table Mountain
Fund, Strauss & Co. fine art auctioneers are
involved in an innovative fundraising bid for
the naming rights to a new species of iris, as
rare and endangered as it is beautiful. The iris,
recently discovered near Saldanha Bay on
the West Coast, flowers briefly in the spring
and puts on a show of exquisite pale blue
flowers. Sadly, even though it’s only just been
discovered, the species is already on the brink
of extinction. The money raised from the
auction will support the WWF Table Mountain
Fund to protect and restore the fauna and
flora of Table Mountain and the Cape, both of
which are part of the most biologically rich, yet
threatened, places on earth. The auction runs
online until the end of March, and the highest
bidder will win an original botanical illustration
of the iris and the right to name it.
+27 (0)78 044 8185, straussart.co.za
The auction takes place on 17 March at The Hilton Sandton hotel.
March 2011 | 51
Green BuildinG Real EstateC
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Raise the roofThere’s now another reason to venture into the
beautiful Cape Winelands and sample some of Villiera
Wine Estate’s sparkling offerings – solar energy.
In the largest roof-mounted solar project in South
Africa, 539 modules were installed by enerGworx
across three of Villiera’s cellar roofs. The energy
capacity produced by these panels equates to
around 726kW/day, enough to power the wineries
(outside harvest time), staff housing, offices, kitchens,
processing and bottling facilities, cellars and even
cooling and irrigation systems. Villiera expects to see
the project pay for itself within the next six years,
thanks to savings realised. ‘The project represents
a commitment to even greener operations,’ says
Villiera Director Simon Grier. A forward-thinking
winery, Villiera has made aggressive eco-adaptations
throughout the farm, including biodiversity
initiatives, natural pest control, recycling and water
management. With a life expectancy of 50 years, the
newly installed solar panels will provide a sustainable
and renewable source of power for years to come.
0871 510 510, energworx.co.za
Brain foodNestlé South Africa has applied for a Green Star Rating for its new head office in
Bryanston. It took four years and cutting-edge technology to complete the
10 480m2 environmentally sustainable space. Included in the building’s green features
are intelligent lighting systems featuring motion detectors and electronic dimmable
ballasts. The building is also fitted with special glass that reduces glare, and there are atriums
that allow natural light into the building. The air conditioners consume 40% less energy by utilising
ammonia chillers, and traditional geysers have been replaced with heat exchange water heaters.
‘Over and above the social responsibility,’ says Nestlé Corporate Affairs Director Ravi Pillay ‘the economic
reality of a green workplace is improved productivity and happier, healthier staff who perform better.’
The indoor gardens as well as the indigenous landscaped gardens surrounding the building also
contribute towards an appealing office environment. +27 (0)11 514 6000, nestle.co.za
Making history all over againRobben Island will soon be powered by green
energy. In a joint pilot project called Greening
Robben Island, the South African National
Energy Research Institute (Saneri) and the
Department of Energy are investigating the
development of micro-hydroelectric, biomass,
wind, solar and (possibly) wave technologies.
A smart grid currently in development at
the University of Cape Town will be used
to coordinate the energy generated by the
various sources and manage its distribution.
Saneri CEO Kadri Nassiep says they hope to
have some of the technology ready in time for
the 2013 UN Framework Convention on Climate
Change, which will be held in Cape Town. The
installation of the green infrastructure will
begin in 2011, and you will be able to track the
project’s progress online from April.
+27 (0)21 409 5100, robben-island.org.za
Impressive EmpireOne of New York City’s most
recognisable landmarks, the Empire
State Building, has gone green.
Malkin Holdings, the owner of the
building, has undertaken a green
retrofitting programme that will
see it using renewable energy to
power the 270 000m2, 102-storey
icon. The group says it has signed
a two- year contract with Green
Mountain Energy Co. to purchase
55-million kWh of renewable energy
a year. ‘It was a natural fit for us to
combine 100% clean energy with our
nearly completed, ground-breaking
energy- efficiency retrofit work,’ says
Anthony E. Malkin, the president
of Malkin Holdings. The retrofitting
programme involves a $20-million
(around R140-million) investment
aimed at cutting energy use by up
to 38%. The upgrades will include air
handler replacements, a chiller plant
retrofit and the retrofitting of 6 500
windows. As a result of the retrofit,
the Empire State Building is expected
to rank 18th on the Environmental
Protection Agency’s 100% Green
Power Purchaser list.
The riGhT sTuffFind an eco-friendly solution at the Green Buildings World Africa 2011 expo at the Sandton Convention Centre on 30–31 March.+27 (0)11 516 4000,terrapinn.com
‘The green movement is rapidly gathering steam around the world and we all need to be part of it - soon.’ - Berry Everitt, CEO, Chas Everitt International
h2OkayCelebrate International World Water Day on 22 March. This year’s theme is ‘Water for Cities’.worldwaterday.org
52 | March 2011
networking
Coastlands Umhlanga Hotel & Conference Centre launch party: 1Fahim Jamadar, Zakhiya Rajab 2Miller Matola, Roshini and Saantha Naidu 3Colin and Kirsty Mackrory,
Julie Naidoo, Grant Webster. International psychic medium John Edward live at Sibaya Casino & Entertainment Kingdom: 4Sagree and Ravi Pillay, Nelline and Sandru
Pillay 5Esme Rubin, Joy Springer, Damon Beard, Leanne Smith. Cell C’s new network launch at Moses Mabhida Stadium: 6Bharti Patel, Trevor Noah, Sue Kennedy 7Jan Greeff, Alpheus Mseleku 8Tony Banahan, Bernice Joshua, Donne Henry, Salma Patel. Launch of the eLan Property Group’s Hollywood Circle concept at Protea
Hotel Umhlanga Ridge: 9Rachel and Linda Bam 10Darryl Moodie, Annamarie Labuschagne, Hilton Riddle 11Patricia Lewis, Mark Whitfield and their son Max Lewis.
To see who else we’ve featured in our Society pages, visit thepropertymag.co.za.
Email social photographs for consideration to [email protected].
Living the high life in KwaZulu-NatalSociety
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DIRECTORY
The Wish Collection - Exclusive StockistsShop 1 Lower Level, Illovo SquareShopping Centre, SandtonTel: 011 447 4495 / Fax: 011 447 4844Cell: 082 850 5439
The Marine Building22 Gardiner Street, Durban
Tel: (031) 374 8100Fax: (031) 374 8135www.nhbrc.org.za
The Marine Building22 Gardiner Street, Durban
Tel: (031) 374 8100Fax: (031) 374 8135www.nhbrc.org.za
www.sandtonexclusive.com
A COLLECTION OF EXCLUSIVE ACCOMMODATION
IN THE HEART OF JOZI
Timeless classical furniture & trendy, contemporary signature pieces have been carefully selected & imported from Europe. The grace of
old-world charm, French romanticism and glamour.
VISIT OUR SHOWROOM 900 Umgeni Road, DurbanTel +27 (0)31 312 7250/2 fax +27 (0)31 312 7253
mobile 083 940 0563email [email protected] www.redrosedesign.co.za
RR007-S console(w)120 x (d)45 x (h)85
RRKRS 18 wingback chair(w)70 x (d)65 x (h)110
RR101 carved headboardking & queen sizes available
Situated in the business hub of Sandton | 330 en-suite rooms with bath and shower | Two swimming pools | In-house fitness centre | Eight conference rooms | Secure undercover parking | Adjacent to the Village Walk Shopping Centre | 200m from Sandton City and Sandton Convention Centre | CCTV throughout the hotel | The Colony Breakfast Restaurant | The Bull Run Restaurant | Wireless Internet throughout the hotel | Wi-Fi centre
Tel +27 (0)11 322 5000 | Fax +27 (0)11 322 5023E-mail [email protected] | Web www.balalaika.co.za
“A little bit of country in the heart of Sandton”EST. 1949
Contact Nip on 083 301 5426Offi ce number, tel. and fax: 031 – 764 4654
E-mail: [email protected]
M a d e f o r C h a m p i o n s
Tenecon has the experience and expertise to advise clients on the most suitable playing surface. We offer Tennis,
Basketball, Netball and Volleyball in both hard court and synthetic format. We also offer design and construction of
synthetic cricket pitches and practice nets.
S p o r t s S u r f a c e s
w w w . t e n e c o n . c o . z a
art Directory
ELIZABETH GORDON GALLERY 120 Florida Road, Durban
Established nearly 30 years ago, the Elizabeth Gordon Gallery, located in a gracious Edwardian house on vibrant
Florida Road, is one of KZN’s leading commercial art galleries. The gallery is well stocked with original works by
eminent and emerging SA artists and hosts exhibitions of new works on a regular basis. A well-established framing
department is on hand to offer advice – all work is done on the premises – and a restoration service is available
on site.
IMBIZO ART GALLERY Shop 7A, Ballito Lifestyle Centre, Ballito
The Carl Smyth Collection has opened at Imbizo Art Gallery at the Ballito Lifestyle Centre. The gallery has a
selection of exclusive Richard Scott artworks. Characterised by pure simplicity that incorporates splashes of
colour, Richard’s work awakens the senses and allows viewers to indulge in the mysterious white subjects outlined
by black lines. These artworks have more than just aesthetic value – they are investments that will appreciate
greatly over time.
THE CROUSE ART GALLERY KZN 254 Lilian Ngoyi Road, Morningside, Durban
The gallery for the discerning art lover, Crouse Art KZN facilitates an entirely new experience in the acquisition
of fine works of art and bronzes. It deals exclusively in original South African art, specifically investment art. The
Crouse Art KZN offers works by renowned artists, but will also enquire after any artist’s work of interest to you. All
paintings are accompanied by a certificate of authenticity as proof of its value. Framing is the gallery’s speciality.
Visit the gallery in Morningside, where owner/manager Michelle Dodds will assist you with all your art queries.
BRON STOFBERG
Durban-based artist Bron Stofberg uses a unique, oil-based paint formula to create a reaction that flows, pulls,
blends, speckles and merges, and produces an amazing sheen that draws one in to inspect, nose to canvas. She
has worked with Stephen Falcke, Carol Cornwall of Cornwall International, Grant Webster of Fahrenheit Design,
Horak Venter and André Kleynhans, on national and international projects that include hotels, offices and private
homes. Clients include Madonna, the DaVinci hotel in Sandton (with the Legacy Group) and Shaun Pollock.
AFRICAN ART CENTRE 94 Florida Road, Morningside, Durban
The African Art Centre is a Section 21, non-profit organisation that has provided over 3 000 local artists and
crafters with opportunities for self-employment and the realisation of their talents, for more than 50 years. The
centre has a well-established reputation, both in South Africa and internationally. Visit our shop and gallery to
view a variety of high-quality fine art, Zulu beadwork, ceramics and baskets.
+27 (0)31 303 8133 | [email protected] | elizabethgordon.co.za
+27 (0)32 946 1937 | [email protected] | imbizogallery.co.za
+27 (0)31 312 2315 | [email protected] | crouseartkzn.co.za
+27 (0)82 462 6168 | [email protected]. | bronstofberg.co.za
+27 (0)31 312 3804/5 | [email protected] | afriart.org.zaArtist Sfiso Ka Mkame
Artist Richard Scott
Artist Scott Bredin
TREND WATCH
Our country’s art scene is sprouting with fresh talent. Here we speak to six gallery representatives on who they think are the local artists to note at the moment.
South African art to watch
Wo
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Genevie
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isher
56 | March 2011
STUART BIRD With his work comprising a poignant combination of satire that
critiques the hegemonic structures in politics and broader society,
Stuart provides a refl ection of a complex, contemporary South Africa.
It is his seamless combination of technical and conceptual skill that
distinguishes him as an artist. His most recent accolades include being
nominated as a fi nalist in the MTN New Contemporaries Arts Awards,
as well as his inclusion in two of South Africa’s most respected
collections. Currently exhibiting in Milan as part of a selection of some
of Africa’s best contemporary work, he is defi nitely one to watch.
– Ashleigh McLean, Curator, Whatiftheworld Gallery
+27 (0)21 448 1438, whatiftheworld.com
GRACE KOTZEThis KwaZulu-Natal artist specialises in oil painting. Her works
investigate not just her past and present, but also the evolving and
changing urban landscapes, from abandoned petrol stations to new
industrial constructions. You can sense from her work that she loves
and lives to paint and ensures that her output is always of the highest
quality, and the quantity is very measured. This gives her work great
investment potential. When it comes to investing in art, you should
always purchase what you want to live with in your work and home
environments. – Karen Bradtke, Director, ArtSPACE Durban
+27 (0)31 312 0793, artspace-durban.com
Wo
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LOUIS OLIVIER Under the guidance of Wilma Cruise, Louis
participated in Artspace’s Mentorship
Programme in 2009. He is a self-taught,
sculptural artist whose work has sound
conceptual underpinnings, while remaining
seductive in the use of materials. His fi rst solo
exhibition, at Artspace Gallery in 2009, was a
huge success. Louis approaches his career with
integrity and has a clear idea of where he wants
to be. Although he has not been on the market
for long, he has been well received. His second
solo show will be at Artspace Gallery in 2011
and we are excited to see how his artist’s voice
has matured. – Teresa Lizamore, Director and
Curator, Artspace Gallery
+27 (0)11 880 8802, artspace-jhb.co.za
MIKHAEL SUBOTZKY This young, award-winning South African
photographer has documented some of the darkest and most surprising facets of
post- apartheid South Africa by exploring the insides of prisons and ex- convicts’ homes,
rubbish dumps and slums. Despite his often sobering subject matter, his work retains a
haunting beauty. Barely 30 years old, Subotzky has exhibited at the Museum of Modern Art in
New York. While art lovers often underestimate the investment potential of photography, it’s
gaining prominence in the global arena. His work is sure to grow in value. – Wendy McDonald,
Curator, The Goodman Gallery, +27 (0)21 462 7573, goodman-gallery.com
MARY SIBANDE In the past three years, this artist’s profi le has grown
exponentially. Last year, in the Jo’burg Art City World
Premiere, Long Live the Dead Queen, 19 artworks
of Mary’s alter ego, ‘Sophie’, graced the skylines in
the Johannesburg CBD. Some of the key factors
that add to the increasing value of her work are her
creative depth, her intellectual capacity and her
ability to bring a fresh perspective. Editions of her
prints are almost all sold and international museums
and private collectors purchase her photographs
and sculpture/ installations. – Karen Brusch, Gallery
Manager, and Ijeoma Loren Uche-Okeke, Projects
Manager, Gallery MOMO, +27 (0)11 327 3247,
gallerymomo.com
MIKHAEL SUBOTZKY This young, award-winning South African
photographer has documented some of the darkest and most surprising facets of
and private collectors purchase her photographs
and sculpture/ installations. – Karen Brusch, Gallery
Manager, and Ijeoma Loren Uche-Okeke, Projects
Manager, Gallery MOMO, +27 (0)11 327 3247,
gallerymomo.com
STUDIO APARTMENTS from R529000
1 BEDROOM UNITS from R569000
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3 BEDROOM UNITS from R959000
EVER DREAMT OF WORLD CLASS
AT A FRACTION OF THE PRICE?
AMENITIES
Not only is Sheffield Manor racking up accolades like being the fastest selling
development in South Africa and being the most affordable development on
the seaside of the N2 on the Natal North Coast – but the developers at Sheffield
have also stretched themselves to deliver world class recreational gardens,
green lands, walkways and water features to create a breath taking landscape
on the estate.
Your children will be able to spend their time enjoying facilities like kiddies
pools, bass dam, skateboard pipe and sports oval in a safe and secure
environment. To top it all off – Sheffield Manor is just 2km from the premier
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If it’s world - class facilities at a fraction of the price, that you’ve been dreaming
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On Show everyday from 9:30am - 4.30pm
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Peter on 083 796 9999 | Devon on 082 674 2999To secure your investment call
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STUDIO APARTMENTS from R529000
1 BEDROOM UNITS from R569000
2 BEDROOM UNITS from R699000
3 BEDROOM UNITS from R959000
EVER DREAMT OF WORLD CLASS
AT A FRACTION OF THE PRICE?
AMENITIES
Not only is Sheffield Manor racking up accolades like being the fastest selling
development in South Africa and being the most affordable development on
the seaside of the N2 on the Natal North Coast – but the developers at Sheffield
have also stretched themselves to deliver world class recreational gardens,
green lands, walkways and water features to create a breath taking landscape
on the estate.
Your children will be able to spend their time enjoying facilities like kiddies
pools, bass dam, skateboard pipe and sports oval in a safe and secure
environment. To top it all off – Sheffield Manor is just 2km from the premier
Salt Rock and Sheffield beaches and a mere 10min to the King Shaka
International Airport. Follow sign boards from the salt rock turnoff off the N2.
If it’s world - class facilities at a fraction of the price, that you’ve been dreaming
of, then your dreams may have just come true.
Sm a n o rB A L L I T O
On Show everyday from 9:30am - 4.30pm
Another PrestigeDevelopment by
N O R T H G L O B A L G R O U PNGG www.sheffieldmanor.co.za
Peter on 083 796 9999 | Devon on 082 674 2999To secure your investment call
SUGAR SM0005
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At Eskom, we understand the importance of energy effi ciency and the impact it can have on your business.
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