Compagnie Financière Richemont SA / Key word(s): Miscellaneous RICHEMONT’S 2022 ANNUAL REPORT NOW AVAILABLE ONLINE 02-Jun-2022 / 07:31 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Richemont announces the .
The Minerals Council South Africa (MCSA) begins a new era in April 2022, moving into modern premises in Rosebank, and closing a century-long chapter at its historic building in Johannesburg’s central business district. The old building on Hollard Street in the CBD was constructed in 1921. The fi .
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Redefine says the 14.7% vacancy rate in its office portfolio is the highest in its recent history.
The landlord has also received requests from four big tenants who want to downsize their office space.
It is considering converting some existing offices into co-working spaces and bring in amenities such as childcare facilities, laundromats and coffee shops to its office buildings.
Redefine Properties has experienced the highest vacancy rate in its office space - at 14.7% - since its formation in the early 2000s.
The company - which owns a considerable number of office parks in Sandton, Rosebank and Bryanston, to mention a few - recorded vacancies that were higher than the national average of 13.5% as at December 2020, when excluding sub-lettable space.
Joburg’s Rosebank offices attract tenants; other nodes battle high vacancies
Rosebank has numerous ongoing property developments.
Over the past few years, there has been a number of commercial and residential property developments.
The area is home to many corporates including Standard Bank and Pepsi Co. Notable Rosebank offices include The Fire Station, Rosebank Towers and The Link, among others.
Mining group, Anglo American has signed a 3,700m
2 lease for new offices in Rosebank. This is according to the Johannesburg Office Market Report Q3 2020 by Cresa.
Rosebank is home to the Gautrain station, and it is conveniently located close to the highway and major roads with lots of public transport. Developments are still ongoing making it a sought after location.