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Unlocking the potential of office-to-residential conversions

Greg Blend and his Africrest team have been converting office buildings to apartments since 2016.

Office-to-residential conversions on the up

Justin Blend, director of Africrest Properties, which is arguably Johannesburg’s biggest player in the market, shares his insights on why such conversions are booming and gives an update on the group’s major redevelopment projects.

Growthpoint - an indicator of the grim SA economy on a point of no return

PICTURES | Large Sandton office park turned into flats

PICTURES | Large Sandton office park turned into flats
news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.

Africrest Properties pumps R800m into Sunninghill office-to-residential conversions

To view all features and options, click here. A monthly subscription is charged pro rata, based on the day of purchase. This is non-refundable and includes a R5 once-off sign-up fee. A yearly subscription is refundable within 14 days of purchase and includes a 365-day membership. But now, vacancies are falling dramatically, thanks to private developer and investor, Africrest Properties, which has seen an opportunity to convert large office complexes in Sunninghill into “apartment communities”. The group, founded by Justin Blend and his brother Greg, is investing about R800 million in Sunninghill. Around half of this figure is linked to developing The Apollo, which the company says is one of the biggest office-to-residential conversions in South Africa currently.

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