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South Africa Real Estate Report Q1 2015

  • ID: 3042351
  • November 2014
  • Region: Africa, South Africa
  • 71 pages
  • Business Monitor International
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FEATURED COMPANIES

  • Aveng
  • Group Five
  • Liberty Properties
  • Murray & Roberts Group
  • Orion Real Estate
  • Seeff Properties
  • MORE

BMI View: Prospects for commercial real estate in South Africa remain mixed. While sub-sectors such as retail continue to perform well, a sluggish economy and a lack of supply of premium city centre properties may halt growth for commercial real estate in the short and medium term. In the longer term, the growth of the sector will remain highly correlated with economic growth in the country.

South Africa's commercial real estate has returned a modest but encouraging 7.4% return between 2013 and 2014. The uptick in performance growth can be attributed to an improved capital growth of 3.1% compared to the 2.2% recorded for the last 6 months of 2013. The growth in capital growth was underpinned by an improving base rental growth and a firming in the rental yield.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aveng
  • Group Five
  • Liberty Properties
  • Murray & Roberts Group
  • Orion Real Estate
  • Seeff Properties
  • MORE

BMI Industry View 7

SWOT 9

Political 11

Economic 12

Industry Forecast 13

Office 13
Table: Forecast Rental Costs, 2015-2016 (USD per square metre per month) 14
Table: Forecast Net Yields, 2015-2016 (%) 14

Retail 14
Table: Forecast Rental Costs, 2015-2016 (USD per square metre per month) 15
Table: Forecast Net Yields, 2015-2016 (%) 15

Industrial 15
Table: Forecast Rental Costs, 2015-2016 (USD per square metre per month) 16
Table: Forecast net yields %, 2015-2016 16

Construction and Infrastructure Forecast Scenario 17
Table: Construction And Infrastructure Industry Data (Peru 2012-2017) 17
Table: Construction And Infrastructure Industry Data (Peru 2018-2023) 18

Macroeconomic Forecasts 22

Economic Analysis 22
Table: Real GDP Growth, % chg q-o-q, SAAR 22
Table: Economic Activity (South Africa 2009-2018) 27

Industry Risk Reward Ratings 28

Middle East And Africa - Risk/Reward Index 28
Table: Middle East And Africa Real Estate Risk/Reward Index 28

South Africa - Risk/Reward Ratings 29

Market Overview 30

Johannesburg 31

Cape Town 31

Durban 32

Office 33
Table: Historical Rental Costs, 2013-2014, USD Per sq metre per month 34
Table: Historical Net Yields, 2013-2014, % 34
Table: Terms Of Rental Contract/Leases, H214 35

Retail 35
Table: Terms Of Rental Leases/Contracts - H214 38
Table: Rental Costs, 2013-2014, USD per square metre per month 38
Table: Net Yields, 2013-2014, % 39

Industrial 39
Table: Terms Of Rental Contracts/Leases, H214 40
Table: Rental Costs, 2013-2014 (USD per square metre per month) 40
Table: Net Yields 41

Competitive Landscape 42

Office 42

Retail 43

Industrial 43

Company Profile 44

Aveng 44

Group Five 46

Liberty Properties 48

Murray & Roberts Group 50

Orion Real Estate 52

Pam Golding Properties Group 54

SA Corporate Real Estate Fund 56

Seeff Properties 58

Wilson Bayly Holmes-Ovcon 60

Demographic Forecast 62
Table: Population Headline Indicators (South Africa 1990-2025) 63
Table: Key Population Ratios (South Africa 1990-2025) 63
Table: Urban/Rural Population & Life Expectancy (South Africa 1990-2025) 64
Table: Population By Age Group (South Africa 1990-2025) 64
Table: Population By Age Group % (South Africa 1990-2025) 65

Methodology 67

Industry Forecast Methodology 67

Sources 68

Risk/Reward Index Methodology 69
Table: Real Estate Risk/Reward Index Indicators 70
Table: Weighting Of Indicators 71

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Aveng
Group Five
Liberty Properties
Murray & Roberts Group
Orion Real Estate
Pam Golding Properties Group
SA Corporate Real Estate Fund
Seeff Properties
Wilson Bayly Holmes-Ovcon

Note: Product cover images may vary from those shown
4 of 4
Note: Product cover images may vary from those shown

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