Turnkey Commercial Properties - Great news estate agents (1)

Great news for Estate agents

Well almost! South Africa’s Competition Commission (CC) has published a comprehensive report outlining provisional findings and recommendations of its Online Intermediation Platforms Market Inquiry. It’s open for discussion with the final report to be published in November 2022. In short, I feel they’ve done an excellent job to investigate and address all the concerns that was raised by me and others. While the CC investigated different industries, I’ve summarised the key findings and recommendations related to real estate for you: 1. Inbound fees Inbound fees that are charged by Property24 and Private Property to estate agencies to accept feeds from external listing feed platforms to be removed; A current fee of R500/month per office is charged. This has been a thorn in our and other service providers’ sides switching clients or onboarding new agencies as some are reluctant to pay the extra fees. I welcome the recommendation and believe it will give agents more freedom to choose a listing platform of choice without being penalized. 2. Access to listings Leading listing syndication providers must operate with 3rd party platforms to supply listings on request by business users for no fee. As a property portal, you’ve lost 50% of the battle if you don’t have access to all the listings. This explains platforms holding on to their listing data at all cost. I welcome the recommendation from the CC to remove these ringfenced data islands and promote a level playing field. Portal owners, rejoice! 3. Portal contracts Portal contracts with estate agents should permit termination of one month’s notice. This is a no-brainer. We’ve had this motto from the start as I believe you need to create enough value in your products to not hold your client’s ransom if they choose to leave. I’d like to see this extended to any real estate platform as we’ve experienced countless issues with estate agents wanting to move but are bound by complicated long-term contracts. 4. No exclusivity between industry organisations and online platforms The Competition Commission recommends the divestiture of the large real estate companies in the Estate Agents Property Portal Company from Private Property. REBOSA (or any other organisations) should also refrain from coordinating commercial conduct by its members, such as the investment or partnering with specific intermediation platforms including portals which is likely to constitute prohibited conduct under section 4 of the Act. Ouch. This is something I’ve objected in 2017 through the same Competition Commission with the takeover bid of Private Property by Caxton Media, Bond Originators and large real estate companies. In short I felt that it was not inclusive enough, would empower another listed company with a majority share, and kill innovation in the space. I’ve failed at the time. Full circle and the damage has been done. In the process, we’ve lost time to empower promising portals and eager entrepreneurs with the chance to challenge the status quo. Luckily the CC has now identified this as a major stumbling block and we have time to untangle this conglomerate (pending final recommendations) and move forward. I think REBOSA & EAPPC misjudged the downstream impact of this move with its exclusive partnership and shareholding with Private Property. However good intensions there may have been, they could have lowered the risk of relying on only one company to ‘save the industry’ and create a more competitive and inclusive portal landscape. This has also been highlighted by the Commission: This arrangement currently undermines platform competition through depriving new platforms of support from the largest agencies outside the two incumbent platforms, and stifles innovation by doggedly picking one champion to challenge Property24. In many occasions, money was thrown in our faces as key success factor for a portal to succeed, and REBOSA downplayed the chance of anyone else making an impact (through various press releases noted by the CC). In contrast, I believe key success factors in the portal space revolves around having a well designed platform, access to all the listing data, and the right team that can drive innovation at a relentless pace. Money will always be the cherry on top if you want to make things work, but hey, that’s my view. The position for the #2 portal in South Africa is wide open, and if the Competition Commission succeeds in breaking down the walls, it will ultimately be a win for agents and consumers. Author : Adriaan Grové To contact Turnkey commercial for office and warehouse space CLICK HERE

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Coporate Campus – Waterfall City

Advice / Ryan Turnprop

Coporate Campus – Waterfall City Waterfall Corporate Campus is a secure 35 000m2 office park, located in the waterfall city precint in waterfall drive . The development comprises 7 buildings , an upmarket central restaurant as well as conference facilities. Blue Chip clients take up space in corporate campus such as Didata, Sasseta , Isuze motors and accenture to name just a few. There are various options available from 250m² up till 5000m². Corporate Campus is ideally sitauted between Johannesburg and Pretoria. Waterfall is in the perfect position to cater for the huge demand for premium offices, shops, restaurants, homes and logistics space caused by the massive growth in the area. The Midrand Gautrain station is only 4km away with two dedicated Gautrain busses for Waterfall as well as single-trip taxis between Waterfall City and greater Tembisa, Midrand, Alexandra, Randburg and Johannesburg CBD. With two of the country’s busiest highways intersecting on the property, over R1 billion has been spent on upgrading the road network to improve access to Waterfall. Additionally, the Woodmead interchange is currently being upgraded and construction of the K60 is in the pipeline. All infrastructure plans keep the future growth of our city in mind. Park is situated close to Mall of Africa and the 4 Star Courtyard Hotel. Other office developments in the Waterfall Area Area include Corporate Campus, The Ingress and Allandale Building. For Property in Corporate Campus office park For office renovations CLICK HERE

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Introducing Maxwell Office Park

Advice / Ryan Turnprop

Introducing Maxwell Office Park Maxwell Office Park is situated in Waterfall City on the western side, within walking distance from the iconic Mall of Africa. This multi-client development comprises seven individual buildings, each spanning between 4 000m2 to 8 000m2 in gross lettable area of quality premium grade office space. Maxwell was the first office development built in Waterfall City and has always been a sought after location for Blue Chip Tenants. Maxwell Office Park boasts a conference center with 2 x 50 seater rooms, that can accommodate up to 100 delegates . There is also exclusive Executive showers for Top tier management.Upmarket restaurant and coffee shop makes sure tenants are always well catered for. The office space in Maxwell is of premium quality and the rentals have been reduced to R200m². Landlord is also offering rent free periods on leases of 3 years and longer. Some Blue Chip tenants in the park include Colgate , Honda , Golder and Associates , and Dow to name just a few. The offices are situated on the Gautrain bus route. Park is situated close to Mall of Africa and the 4 Star Courtyard Hotel. Other office developments in the Waterfall Area Area include Corporate Campus, The Ingress and Allandale Building. For Property in Maxwell office park CLICK HERE For office renovations CLICK HERE For properties in Midrand CLICK HERE

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Prime office space to let at Monte Circle

Advice / Ryan Turnprop

Prime office space to let at Monte Circle Monte Circle Office Park, offers easy accessibility to the N1 highway, Gautrain bus stop, hotels, entertainment, gyms and a wide variety of retail. Fourways is one of the fastest-developing commercial and residential hubs in northern Sandton. Monte Circle is being developed in response to the demand for high-end office space in the Fourways vicinity, offering tenants 4-star green-rated energy efficient office space. The development will comprise of 65,000m² upon completion and has premium office space available. Monte Circle will also, importantly, form an integral part of the surrounding neighbourhood, within a short walking distance of the Montecasino complex, where a variety of hotels, function venues and conferencing facilities are available. One of Abland’s key development philosophies is the creation or encouragement of sustainable precincts, of which the company’s developments form a part. The office park itself is designed to be pedestrian friendly and will be attractively landscaped, making it an asset to the neighbourhood in which it sits. Its ‘village’ feel with tree-lined boulevards and inviting outdoor spaces is intended for enjoyment by tenants and even a little social interaction. The completed development is expected to consist of about ten buildings, although this number is flexible and will ultimately depend on the requirements of the tenants secured for the office park (within the allowable bulk). Monte Circle’s development manager, Janet Glendinning, explains that because Monte Circle is being developed in manageable phases and according to tenant demand, it is possible to accommodate different size requirements for tenants. In addition, the campus style design makes it possible for businesses to expand into additional buildings within the park over time, giving them flexibility. Offices to rent in Monte Circle . We Also have ongoing relationships with space planners that can help with office renovations.

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Waterfall City I Prime Commercial Development

Advice / Ryan Turnprop

Waterfall City I Prime Commercial Development Waterfall City is ideally located between Johannesburg and Pretoria. Waterfall is in the perfect position to cater for the huge demand for offices, shops, restaurants, homes and logistics space caused by the massive growth in the area. The Midrand Gautrain station is only 4km away with two dedicated Gautrain busses for Waterfall as well as single-trip taxis between Waterfall City and greater Tembisa, Midrand, Alexandra, Randburg and Johannesburg CBD. With two of the country’s busiest highways intersecting on the property, more than R1 billion has been spent on upgrading the road network to improve access to Waterfall. Additionally, the Woodmead interchange is currently being upgraded and construction of the K60 is in the pipeline. All infrastructure plans keep the future growth of our city in mind. As an international award-winning development, Waterfall has everything you would expect from a vibrant, modern city—from eight secure residential developments and two mature lifestyle estates, multiple office parks and a logistics hub, to three private schools, a hospital, four hotels and a heliport. If you are looking for some fun and entertainment, you have access to multiple parks, fitness centres, a parkrun, Waterfall Market and over 65 restaurants. With versatile working spaces and custom-built premises, combined with green building standards and easy accessibility make this the destination of choice. Work in a progressive mixed-use precinct that boosts your business. Waterfall City, the central business district of Waterfall, is conveniently located next to the N1 highway and Allandale Road. It features everything you would expect from a vibrant, modern city, with state-of-the-art offices and client-driven, low-density developments that are tailored to suit your business needs, improving efficiency, and helping you grow. Find your perfect Office Space to Rent Waterfall. We have been helping businesses to find their perfect space in Johannesburg since 2007. Our team of property professionals are ready to find your perfect space. We have a longstanding relationship with the top property funds and property management companies in the country. We feature properties from the city’s most exclusive, vibrant and desirable commercial locations, we offer a premium property portfolio that showcases the very best Commercial Property available. We do it independently and delivered at no-cost to you, our clients, our service assists hundreds of businesses like yours each month to search, select and secure the right office and warehouse solution for their business. Delivered as part of a fully consultative service, our team can streamline the property search process from beginning to end. Moving to a new office or just revamping your current space, we will get you up to three independent quotations, saving you time and money. Find out more about Office Renovations, Space Planning and Interior Fit-outs.

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warehouse to let midrand Growthpoint Business Park

Are You About To Reopen Your Office? 10 Renovations You Need To Consider

Uncategorized / Ryan Turnprop

Are You About To Reopen Your Office? 10 Renovations You Need To Consider With offices finally starting to open across the country, you may be considering some office renovations Pretoria. The truth is that COVID-19 had a huge impact on our lives. But now, with the threat still near, it is time to open the doors again. This means that any space planning in Pretoria will need to take into consideration the new coronavirus. After all, you want to ensure that your office is both safe and healthy for your employees. Even if you’re not considering making a big office renovation, you still need to keep in mind that you’ll need to add a few things now. Hand sanitizer dispensers spread all over the office are required not to mention that you’ll still need to find a way to arrange your employees’ desks to maintain social distancing. In case you’re looking for a more detailed space planning in Sandton, then you may need a company to help you implement all the office renovations in Sandton that you want. No matter how big or small the renovation you have in mind is, hiring a professional and reliable company is always the best approach. After all, you won’t need to worry about the renovation itself and have everything ready to open the doors of your company. No matter if you decided to open your doors now or if you’ll still have some of your employees working remotely, there is still time to do some office renovations in Rosebank. But what office renovations in Rosebank should you consider doing? #1: The Reception Area: One of the most neglected areas in an office is the reception area. It’s time to change this. With a good space planning in Rosebank, you may want to turn this area into a multipurpose space for all employees. They may have their temperatures taken, they may sanitize their hands, and you may even have some masks and sanitizing wipes available as well. You may also use this area to make your employees remember the “rules” in a post-COVID-19 moment. #2: Separate Break Areas And Spread Out Pantries: Before COVID-19, it was normal to have the central kitchen and eating area as just one big room. However, this is something that you should consider changing. Simply put, you should consider separating break areas and spread out pantries to prevent the spread of the virus. One idea that you may implement is to create smaller pantry areas around the office. This way, employees will still be able to eat together but in smaller groups. You may also consider adding smaller kitchenettes with sinks. This makes hand-washing more available to employees. In case you have lounge-type spaces, you don’t need to close them if you don’t want to. Yet, you will need to spread the seating for social distancing. #3: Visitors And Deliveries Should Have Separate Rooms: Space planning in Pretoria is crucial at this moment to prevent the virus from spreading. So, you should consider creating different spaces – one for visitors and a different one for deliveries. #4: Add Dividers Between Desks Or Separate Benching Systems: Since we are living in a pandemic, it is important that you do everything you can to maintain social distancing. So, you want to ensure that your employees are kept six feet apart from each other. In case you are looking for a smoother office renovation, you may simply add dividers between desks that can’t be spaced out. #5: Add Signage And Floor Graphics: One of the most important things to consider now that you’re reopening your office is to ensure that you have proper signage and floor graphics. This will help everyone to maintain social distancing and remaining safe. When you are space planning in Sandton, you should add some stickers to the floor to show the way to your employees. Adding arrows can also help. #6: Build New Rows Of Phone Booths: Office renovations in Pretoria don’t need to be hard and don’t need to take much time. Sometimes, just simple changes can help maintain your employees safe. This is the case of building rows of phone booths. In case you have some employees to take calls, you want to ensure that they maintain social distancing but, at the same time, they need to be able to collaborate as well. So, creating new enclosed spaces may be something to consider. You should also include hand sanitizer and wipes near these booths. #7: Add Keycard-Operated Automatic Doors: We don’t have to tell you that you should avoid touching surfaces. So, one of the office renovations in Sandton that you may consider doing involves adding keycard-operated automatic doors. Ultimately, this type of door will prevent everyone at the workplace from touching door handles. Simply put, automatic doors are activated by keycards or ID badges to eliminate all risky surfaces. #8: Add Monitors And Cameras In Conference Rooms: Reopening your office doesn’t imply that you will have all your employees back to work in the workplace. In some circumstances, you may prefer to have some employees working on-site and others working remotely. In this case, you want to ensure that everyone is in sync. So, you need to install monitors and cameras in your conference room. This way, you’ll be facilitating digital collaboration. #9: Upgrade HVAC Systems: The truth is that most business owners don’t even remember to check their HVAC systems frequently. However, this is a must-do. As you probably already know, coronavirus particles travel through the air. This means that HVAC systems should be a major focus of reopening efforts. When you’re thinking about doing a renovation to your office, you should consider upgrading HVAC systems. The goal is to ensure that they can better filter air and limit widespread circulation to reduce disease spread. #10: Install New Furniture Or Rearrange Th Old One: Some office renovations Rosebank may include installing new furniture or rearranging old furniture. Besides rearranging desks to maintain

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What happens post Covid 19

Advice / Ryan Turnprop

What happens post Covid 19 Offices and Warehouses leasing after Covid-19 As the impacts of Corona Virus rapidly cover the world, commercial property companies are being extremely affected based on their asset type, sector and region. Businesses are struggling to preserve financial steadiness, respond to fluctuating demand dynamics and shortage of labour, also at the same time complying with the requirements laid down by the government. Occupiers facing liquidity problems may turn toward deferring or terminating contractual lease payments. Majorly the sub-markets (hospitality and retails) are with the possibility of facing swift and direct impacts while sub-sectors that includes space for offices can be affected by the growing supply chain and home-based working system. Conversely, as business volumes are moving towards failure in the near term, they are also expected to revive in the longer term. As lockdown is being gradually eased, Business owners and workers are of course asking questions on which aspects of working life they want to maintain. We consider what the future of office and warehouse space may look like as majority of the world emerges from lockdown. Office space to Rent? As corona virus has spread across the globe, large number of employees who in the past commuted to their various offices have been mandated to utilize online tools and get use to virtual meetings with colleagues and clients. The high acceptance of technology during the period of epidemic has been a major concern to commercial property marketers that office spaces could become useless. A lot of office based businesses started working from home during the epidemic and, despite initial problems associated with network and connectivity issues, the consensus seems to be pleasant surprise as employees report enjoying the lack of commute and improved work-life balance. However, there will be no need to rent spaces for offices. Warehouse Space to Rent As the acceptance for online retail rises, likewise there is high increase in the demand for warehouse spaces which serves these online stores. Although company like Amazon have long been exploiting on this business model, requirements for small amounts of logistics space is on the high side most especially during the lockdown period as businesses who had not been involved in online store now develop one. In this situation of economic turbulence caused by the Covid-19, investors are viewing warehouse spaces as the only alternative to secure their businesses and many real estate investment trusts are seeking to diversify their portfolios. However this will put more demand on warehouse space for rent. So far so good, I believe pandemic has affected warehouse space positively. In Conclusion, the present epidemic is a rapid-developing environment with impacts of changing magnitudes on commercial property markets. The intensity and the period of stay of the epidemic will remarkably adjust the degree of disruption in the sector’s performance.

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Why workplace design should be part of your business strategy

Advice / Ryan Turnprop

Space. Transparency. Collaboration. What does your office layout say about your company, and is this message clear to your employees? How your workplace is structured could be a vital key in your business strategy. Smart companies understand that workspaces are a business tool. An office environment reflects and reinforces a business’s core values, through the placement of different teams and functions and design elements that reflect culture, brand, and values. Designing, equipping and furnishing your workspace is a major capital investment, but its effect on productivity, employee satisfaction, engagement, talent recruitment and brand impact can add up to a higher cost if not adequately addressed. Owning the space you operate your business from gives you the added advantage of myriad ways to design and plan your space, but it needs to be approached in a strategic way. “Imitating the latest fads start-ups are adopting won’t necessarily get you the results your company desires; asking the right questions — and, above all, listening to employees’ answers — will,”

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Ryan Turnprop

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