Edition 34 of 2007, Friday, 31 August 2007
This is the building of the Chicago Tribune's, 1925 neo-Gothic
tower on North Michigan Avenue.
International - Though newspapers are still seen to still
be profitable by the masses on Wall Street it is seen as a dying
medium. Newspaper companies are increasingly looking to real
estate to shore up their finances.
Local - Is this the case in South Africa? No! According
André Stadler of Catalyst Fund Managers, one of the "golden
opportunities" in the real estate industry in South
Africa is the Johnnic headquarters, Rosebank, Johannesburg, home
of The Sunday Times, Business Day etc. This building was bought
for R139 million in 2002. The cash flow, backed by a R20-million
surety, was sold to a bank for R137 million. Today, the building
is valued at R500 million and there is potential to add 25 000 square
metres of floor space. The value of the building can be expected
to improve because it is close to one of the Gautrain stations and
is in a sought-after retail area.
Want to turn R500 000 into R1m in 5 years? Property
- particularly affordable housing - is the place to be this
according to Moneyweb, Doubling your money in five years
We are going "green"! In a press release received
this week from Chas Everitt International Property Group the group
made a promise to make environmentally sensitive management decisions."We
are committed to make a difference and will encourage the estate
agency industry as a whole to embark on a similar quest.
says group MD Berry Everitt.
Rewarding the energy savers, The recently-introduced
UK system is based on awarding points for energy-saving measures
in domestic residences and its application has the effect of enhancing
the marketability and value of a property. This issue is extremely
relevant right now with SA battling to meet electricity demand,
says Gerhard Kotzé, CEO of the ERA South Africa property
Investors and fly-fishing enthusiasts are discovering the charms
of the Mpumalanga highveld with Belfast high on the priority list
as buyers are looking for weekend getaways. Homes in Belfast
are almost 50 percent cheaper than in neighbouring Dullstroom
and the town offers a variety of excellent fly-fishing opportunities,
Aida Belfast. Belfast is one of the coldest places in South Africa
and renowned for its trout fishing and highveld scenery. Focus
on, Belfast, Mpumalanga, South Africa.
One of our readers sent in the following question; Do you know
where I can obtain the specifications for a Septic Tank System (French
Drain)? I am looking for the industry regulations. If you can
help email us at email@example.com
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