Pam Golding Properties Group Newsletter
PGP logoDate: August 2012

Development News

New landmark ‘Pam Golding on Main’ building to utilise ground water

Building rapidly takes shape as final section of roof is cast

 

Launch of landmark luxury Park Central apartments in heart of Rosebank

New development to help further stimulate local economy


Knysna sees new release of properties to meet strong demand for secure, estate living

Local and international buyers show appetite for investment


Cape Winelands: Val de Vie Polo Village

Val de Vie Polo Village

Val de Vie Estate lies just outside Franschhoek in a valley dappled with vineyards, fruit trees and olive groves. Luxury apartments for sale in the Val de Vie Polo Village offer an exceptional country lifestyle against the backdrop of the Drakenstein and Simonsberg Mountains. There are various apartments for sale for the discerning buyer to choose from, ranging in size from 68.2 to 112.3 sq.m. These 60 boutique residences offer 24 hour security, en-suite bedrooms and a private balcony.

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KwaZulu-Natal : "The Glen" at Castleburn

"The Glen" at Castleburn

Nestled among the foothills of the southern Drakensberg, and mirrored on the tranquil waters of Lake Madingofani lies “The Glen” at Castleburn.

“40% is owned by foreign buyers who choose The Glen as their holiday destination - as well as South Africans living off shore”.

Another prestigious project from South Africa’s premier resort developer.

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Gauteng: Whistling Straits

Whistling Straits

37 exclusive 3 bedroom duplex townhouses on the Eagle Canyon Golf Estate

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Western Cape: 44 on Palmyra

44 on Palmyra

44 on Palmyra offers a sophisticated property development opportunity in a sought-after area of Claremont in Cape Town’s Southern Suburbs. There are 4 brand new plot-and-plan homes available, ideally suited to young families or working professionals seeking privacy and lock-up-and-go convenience. Available from R4.35 million, these stylish double-storey homes will serve as the ideal investment, affording buyers the chance to build their dream homes from the ground up.

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New landmark ‘Pam Golding on Main’ building to utilise ground water

With the concrete frame of the building now cast right up to third floor and roof level,  the new ‘Pam Golding on Main’ P-Grade office and retail building in a busy commercial node in Kenilworth, Cape Town is growing impressively out of the ground at a considerable rate.


Pam Golding on Main construction

Situated on the corner of Main and Summerley Roads and developed at a total project cost in excess of R100 million, the 4100sqm development is set to become a landmark focal point in the area, incorporating a lively streetscape with al fresco dining after working hours.

“Passersby can now gain a good sense of the scale of the building, the design of which will enhance the appeal and ambience of this area of Main Road,” says architect Daniel Nugent of Vivid Architects. ‘What strikes one on site is the expansive view from the upper levels. Due to the generally low-scale nature of the built fabric along this portion of Main Road, tenants on these floors will enjoy virtually uninterrupted views to the north, east and west. While the west-facing views towards the close mountain ranges of Table Mountain and the Constantiaberg are particularly scenic, the views to the north and east offer glimpses of the two oceans – something we had not even imagined.”

With the final section of the concrete roof slab just cast, more or less completing construction of the concrete structure of the building, brick work is currently being carried out in all areas. Garry Sheard, senior partner of consulting structural engineers, De Villiers Sheard, says the main reticulation pipes for the building services such as water, waste water and storm water are being installed, while the basement levels are being cleaned out and brick linings constructed.  The area about the site is also being backfilled to bring it back to the level of the surrounding streets.

“The look of the building should change rapidly as work is on track for completion towards the end of May 2015,” says Sheard. He says one of the challenges encountered by the contractor on site has been the proximity of overhead electrical cables along Summerley Road, which turned out to be too close to the building for comfort, so construction on that façade had to be postponed while the City Council buried the cable. In addition, as Summerley and Main Roads are both busy, congestion around the intersection complicated deliveries to the site.

“A further issue was the presence of ground water, coupled with the significant amount of rainfall experienced while the large excavation was open to the sky. While earlier geotechnical investigations conducted in early 2001 - which were for a shallower basement, showed no evidence of ground water, the addition of a third level of basement parking did intercept water. This has been interpreted as a ‘perched’ water table, supplemented by underground run-off from winter rains. It is expected to diminish over the drier, hot summer months and even dry up completely.

“The developer has decided to use this water positively and it will now be pumped to storage tanks which will be located at ground level, close to Main Road. The volume which will be stored will be balanced against the available supply and the demands of irrigation, with capacity of up to four 5500 litre tanks available. This water has been tested and proved suitable for irrigation and will be used for the site. The water is collected in a sump in the basement and a float switch used to keep the level to just below the level of the lowest floor,” says Sheard.

Peter Golding, who is project managing the upmarket redevelopment on behalf of the Pam Golding Property group, says there is some office space available in Pam Golding on Main, at a rental rate of R155 per square metre with a rate of R80 for balconies, and with secure basement parking at a monthly rental of R1000 per bay. Parking access and exit is via Summerley Road, with 45 minutes’ free parking for customers of Pick n Pay, which will occupy 450sqm on the ground floor for their new small-store offering, which will include a coffee shop and bakery. Pam Golding Properties will occupy over 1000sqm - comprising the entire first floor and some retail space on the ground floor, while a restaurant is planned for the ground floor corner site, spilling out onto the pavement.

For further information contact Peter Golding or Teresa Cook on 021 4264440 or email teresa.cook@pamgolding.co.za.

Pam Golding Properties to market new Rosebank residential property development homes

Luxury Park Central apartments to go on sale early in 2015

Pam Golding Properties has been awarded an exclusive mandate to market Park Central, a groundbreaking luxury high-rise residential property development situated in the heart of booming Rosebank, Johannesburg.

This was announced recently by the Pam Golding Property group chief executive, Dr Andrew Golding. “Pam Golding Properties is honoured to market the properties of a residential development that is both revolutionary in its concept and unprecedented in its scope for the area. The block will also assist to further stimulate the rapidly growing local economy of Rosebank,” he emphasised.


Park Central

“With its modern design, Park Central is set to become the landmark residential building of the Rosebank area. Offering a compelling combination of ‘green’ and Manhattan-type lifestyles within a secure environment, this residential development will offer the people of Johannesburg a completely new model of urban living.”

Dr Golding explained that Park Central has been designed around a pedestrian precinct incorporating landscaped parks and sky gardens, and will have all of the convenient facilities of Rosebank available including the Gautrain Station and the Rosebank Mall, both of which are within easy walking distance. Medical facilities, hotel and conference facilities, schools, art galleries, a public library, parks and a number of office blocks, company headquarters and other commercial buildings are also within easy reach of the development.

Park Central is being developed on the corner of Baker Street and Keyes Avenue in Rosebank, and will consist of more than 400 luxury one- and two-bedroomed apartments, as well as three-bed penthouse units with a choice of the highest quality finishes, noted Dr Golding. The sectional title apartments will be priced from R1.75 million and marketed off-plan from February 2015.

Peet Strauss, development manager at the Pam Golding Properties (PGP) Hyde Park office, points out that with some R7 billion in investment in commercial buildings alone, the Rosebank precinct has undergone rapid growth in recent years. “The residential property market in Rosebank has grown hand-in-hand with this and the demand for well-situated property in the area has been unprecedented. Rosebank is now being associated with a highly colourful, dynamic and convenient urban-chic lifestyle,” he observes.

“Sectional title properties have comprised 38 percent of the PGP Hyde Park office’s property sales to date this financial year (commencing February 2014, indicating just how important this property segment is within Johannesburg’s northern suburbs,” says Strauss. “Home seekers appreciate the lock-up-and-go lifestyle this form of ownership offers. This market is even more compelling in Rosebank, where by far the majority of homes are owned as sectional title properties.”

“The developers of Park Central have noted a rapidly growing demand for property − particularly secure, high-quality sectional title homes − in Rosebank where residential property is in short supply. Such is the demand for these types of homes that PGP agents often report selling them on the same day they are placed on the market. Having carefully researched the market in Rosebank the developers are making available properties for which there is a great need. We consequently expect the Park Central apartments to be sold in record time once they go to market early next year, ” says Strauss.

“An added benefit of Park Central is that it will offer a balanced range of different upmarket property options and is likely to attract the interest of buyers from all walks of life, including executives, business commuters, single professionals and couples, all of whom are likely to appreciate the convenient urban lifestyle on offer and close proximity to a major Gautrain station and road routes. Parents of students including single parents will note that there are a number of excellent schools and other educational facilities nearby, while mature buyers looking to downscale to a more manageable home will also find the apartments an appealing prospect.”

Strauss says that the weak South African rand has played a role in encouraging international investors to look for sound property opportunities in Johannesburg, where they are finding excellent value. PGP has this year seen particularly strong interest in local properties among purchasers from other African countries. Many are international business people who commute between South Africa and elsewhere on the continent, and several are likely to find the Park Central apartments an attractive investment.

“We also expect considerable interest in these apartments from savvy property investors who are looking to buy properties to rent out,” adds Strauss. “They will be comforted to know that these properties are expected to enjoy excellent occupancy rates with the potential of good returns, and therefore represent a solid investment opportunity.”

Strauss says that with state-of-the-art security, the safety of residents will be given top priority. Some of the amenities that will be available include secure pedestrian precincts, a landscaped park, 30 sky-gardens scattered throughout the building as common green space, a clubhouse, a swimming pool, entertainment areas, a coffee shop, a bar/restaurant, a crèche, a gym, a braai area that includes a pizza oven, lounge and entrance foyer with a concierge. The building will have a Green Star SA rating. The Green Building Council SA has developed this rating tool to provide an objective measurement for green buildings in South Africa and to recognise and reward environmental leadership in the property industry.

“Park Central is the largest and most exciting residential development concept to ever come online within the Rosebank precinct. It is an indication of how much confidence the developers have in the property market in the area. PGP is looking forward to marketing these quality homes,” concludes Strauss.

For more information please contact Peet Strauss on 083 675 1212 or via the email address pstrauss@pamgolding.co.za.

Knysna sees new release of properties to meet strong demand for secure, estate living

As the popularity of secure, estate living continues to attract home buyers in regions around South Africa, the scenic Garden Route town of Knysna, with its lagoon playground, clean beaches, magical forests, renowned Oyster Festival and host of leisure activities, is gearing up to cater for this growing demand.


Artist's impression - Woodlands in Simola

Ling Dobson, Pam Golding Properties area principal for Knysna and Plettenberg Bay, says while both these towns offer a broad variety of lifestyle accommodations, with a range of existing beach, marina or golf estates to choose from, new stock in secure estates is now being brought to market.  

Pam Golding Properties (PGP) has just been awarded an exclusive mandate to market 72 vacant stands in Fernwood Country Estate - which is situated on the Heads, adjacent to the famous, award-winning Pezula Estate - as well as seven houses in the second phase of Simola Golf & Country Estate, set high in the hills above the town.

“Severely impacted by the economic recession and subsequent property market downturn in 2008, which saw a number of developments put on hold, Fernwood was sold to a local, Knysna developer who is re-launching the development at prices some 50-60 percent lower than the original launch prices of 2007,” says Dobson.

“Now all services are installed, roads paved, landscaping completed and the entire estate securely fenced with access security gate, together with the security system linking all the properties already installed in the gatehouse. The developer, an established, local businessman, is also supporting local contractors by involving them on the project.

“We believe the timing is now right for this development as we see the market showing definite indicators for improvement. The municipality is reflecting a huge increase in demand for approvals for architectural plans, and locals are demonstrating an appetite for investment once more. Encouragingly, there is also a strong demand for vacant land, while international buyers are back and showing considerable interest in acquiring property here.


View from Fernwood

“As at the end of October 2014, PGP sales at our Knysna and Plett offices are up over 30 percent on last year and we anticipate a good season ahead.” Properties sold by PGP include top end properties such as a guesthouse on The Heads which sold for R9 million, homes sold for R6 million on Leisure Isle, R5.9 million and R4.5 million on Pezula Golf Estate and R6 million on Thesen Islands, to entry level homes priced in the R1.3 million mark in the suburbs.

Fernwood Country Estate comprises a total of 46.5ha, of which 25 percent will be developed, with a recreational area around a large, natural pond and large open spaces contributing to the exclusivity of the development. Stand sizes range from 400sqm up to 1600sqm, at prices starting from R375 000 up to R1.95 million. Architectural guidelines are in place and buyers have four years to build their new homes.

Dobson says over and above the 15 stands sold via the developer or when the estate was originally launched, local buyers have already committed to investing on the estate. “Besides Pezula Golf Estate, Fernwood is the only secure estate in Knysna that offers such exceptional views and at such accessible prices. Being situated right on The Heads, residents will enjoy expansive vistas across the lagoon to the Outeniqua Mountains as well as some ocean views. The estate is home to a butterfly sanctuary and a host of natural, indigenous fynbos, providing a unique and highly desirable setting. We believe the new development caters for both permanent residents and leisure buyers seeking a getaway property or home for partial use during the year. It is within easy reach of Knysna CBD and close to medical facilities, making it ideal for retirees.”


View from Fernwood

In the 325ha Simola Golf & Country Estate – which includes a Jack Nicklaus signature golf course, the seven new three-bedroom homes in ‘Woodlands’ comprise a small portion of the second phase of the development. Says Dobson: “The first phase on Simola is well developed with many exquisite houses, a number of which are permanently occupied. Phase two is large, with properties scattered to the front – some with spectacular lagoon views on the northern side adjacent to the indigenous forest. Priced from R2.95 million and 275sqm in size, the seven new homes will be situated at the entrance of the second phase gate en route to the hotel and close to the banks of the dam, below the forested area and fairways.

“Given the past five-year slump in the market the launch of these new homes in Woodlands offers a sound buying opportunity with good value for money.”  Homes in the first phase in Simola start at R3.75 million – being the top 10 townhouses with scenic river views, while golf villas are priced at R4.5 million. Probably the closest residences comparable to the seven new homes are currently priced in the R5 million - R7 million mark, while homes on the estate range up to the mid-R20 million’s. A recent top end transaction concluded by PGP on Simola was for the sale of a four bedroom home with study and cinema room which fetched R12.9 million.


View from Fernwood

Adds Dobson: “Generally this year there has been a notable increase in the number of residential buyers from Cape Town, but also a good basket from all over South Africa as well as international purchasers. Quite a few young families with school-going children are relocating to Knysna, and the second home or leisure market is seeing an increase in activity.

“Many people are semi-grating to live and commute as their families can enjoy a healthy lifestyle, as crime is minimal compared to large cities, allowing children to still be themselves and unencumbered in the outdoors.  Many entrepreneurs and professionals who do not need to be in an office on a daily basis, find their way here, while many internationals retire here as the weather and cost of living is favourable.”

For further information contact Pam Golding Properties Knysna on 044 3825574 or email knysna@pamgolding.co.za or Pam Golding Properties Plettenberg Bay on 044 5332103 or email plettenbergbay@pamgolding.co.za.

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