Projects Magazine

Engelbert Binedell-GRT Growthpoint Properties’ R85m revamp of M1 Place in Marlboro, Sandton, has converted an ageing retail warehousing property nearing the end of its lifecycle, into a modern, vibrant retail park. The fully-let property is perhaps best known as the location of United Furniture Outlets and United Fashion Outlets because of the excellent visibility these brands enjoy from the M1 Highway. M1 Place is superbly located minutes from Sandton Central, with outstanding highway frontage and excellent access from Eastern Service Road. M1 Place exterior view The one-year upgrade and expansion project has modernised the retail park and increased its size from 13,800sqm to 23,000sqm. The revamp has also enabled each of its trio of original tenants to expand into bigger spaces, as well as adding three new names to its mix. Engelbert Binedell, Industrial Division Director for Growthpoint Properties, explains: “M1 Place is a prominent and highly visible property asset, and it ...

Chris van Voorden and Henk Deist CEO of Atterbury Atterbury Europe opened its new European headquarters in Leiden today. The South African property developer focuses on shopping centre investments and retail development opportunities in Europe. From the distinctive office building ‘Leiden Central Offices’, Atterbury Europe will expand its operations particularly in the Mediterranean and in the upcoming eastern European region. Expanding to Europe Over 23 years, Atterbury has successfully developed real estate across South Africa and on the African continent. Since 2014 they have expanded their activities into Europe, starting out in Austria and now concentrating operations in Leiden from where the development of prime commercial, retail and residential property in Europe is being effectively managed. The distinctive ‘Leiden Central Offices’ building is strategically located at the intersection of the historic centre with all its inner-city facilities and Leiden’s central train s...

Emira Property Fund’s value-enhancing conversion of its Rosebank office property assets formerly occupied by Sasol into a contemporary residential apartment development, The Bolton, caters to a demand for residential accommodation for working millennials in this bustling business node. The major redevelopment responds to Rosebank’s anticipated oversupply of office space and current undersupply of residential accommodation. Geoff Jennett, CEO of Emira, comments: “When considering the future of these assets to determine its best use, our strategy for converting the building from offices to residential apartments was an opportunity to unlock value and relevance from the properties. It responds to its location and its community’s needs. It also increases the diversity of our property portfolio while at the same time reducing Emira’s exposure to the office sector.” The 280 new apartments target the middle LSM rental market and add a unique, sustainable and affordable residential acco...

LAKE CITY, Pa. (Oct. 19, 2017) – Lake Erie Portable Screeners introduces the heavy-duty Pitbull PB148 Static Grizzly. The new screen pairs well with the Pitbull 2300 screening plant and is an economical option for applications where sorting oversize material before screening or crushing is necessary to prevent equipment damage. The grizzly includes features to allow simple bar removal or adjustments as well as transportability. It is ideal for a wide range of industries, including aggregates, mining, scrap, excavation, demolition and landscaping. “The PB148 provides a simple solution for customers who need a straightforward way to remove large rocks, concrete or other heavy material before screening,” said Stuart Foradora, Lake Erie Portable Screeners factory representative. “In addition, we designed our grizzly to enhance productivity and reduce downtime by including uncommon features in this industry, such as quick and easy bar removal as well as lift lugs for ease of transport...

RENSSELAER, Ind. (Oct. 12, 2017) — Talbert Manufacturing, a North American leader in specialized heavy-haul solutions, introduces the 55-Ton Roller Paver (55CC-RP) heavy-haul trailer for enhanced load versatility and minimal permit costs. The trailer’s concentrated load rating of 55 tons in 12.5 feet of deck allows owners to haul a variety of equipment, including rollers, pavers, excavators and dozers. Talbert also designed the new trailer with dual kingpin settings. These settings allow drivers to operate in states with 43-foot kingpin laws, such as Connecticut, without the need for a permit when traveling empty. “Customers want to get the most out of their trailers,” said Troy Geisler, Talbert vice president of sales and marketing. “Often, when they’ve needed to haul road construction equipment, such as pavers, they’ve had to dedicate just one trailer to that task simply because it wasn’t designed to handle other types of loads. We’ve eliminated that hassle and the extra expe...

After the international success of Skyrise 1, which was mostly dedicated for use in tall office buildings and commercials with speed ranging from 2.5m/s to 7.0 m/s, Otis has launched a new generation of Skyrise elevators to address specifications for the medium standard market and is an ideal solution for residential developments, hotels and low commercials. Skyrise 2 is a machine room technology using the same components as the MRL Gen2 technology and with speed ranging from 2.5 to 4.0m per second. As the Skyrise 1 car load capacity ranges from 900 to 2250kg, and was already offering a wide range of applications for heavy duty usage and intensive traffic, Skyrise 2 displays car load possibilities from 900 to 1600kg, while also addressing requirements for clinics and hospitals. “Clearly, Skyrise 2 is a cost-cutting solution to developers and designers who are engaged with medium rise projects while keeping a high level of technology and aesthetics,” says Amyn Benyekkou, head of sa...

GCR upgrades Northam Platinum Limited’s rating to A-(ZA); Outlook Stable Johannesburg, 13 October 2017 -- Global Credit Ratings has today upgraded the national scale Issuer ratings assigned to Northam Platinum Limited to A-(ZA) and A1-(ZA)in the long and short term respectively; with the outlook accorded as Stable. SUMMARY RATING RATIONALE Global Credit Ratings has accorded the above credit ratings to Northam Platinum Limited (“Northam”) based on the following key criteria: The growth strategy that Northam articulated at the time of the BEE transaction has begun to materialise with the successful acquisition of quality PGM assets at very favourable prices. In addition, the miner has brought existing projects to commissioning on time and within budget. Thus, Northam’s corporate risk profile has eased as Booysendal has maintained steady state production for two years, becoming the second operational mine of the group. Moreover, recent transactions will add additional sources ...

Lulaway to train 4 000 youth in Absa ‘ReadytoWork’ programme and place 2 000 in employment Absa has collaborated with Lulaway to train 4 000 youth on the Absa ‘ReadytoWork’ programme and place 2 000 of these young people in employment. The pan-African initiative seeks to address the challenge of youth unemployment in developing economies. It aims to equip young people with the knowledge and skills they need to successfully transition from the education system to the formal economy. The Absa ‘ReadytoWork’ programme provides access to world-class learning content focused on work, people, money and entrepreneurial skills. The programme is currently running in Zambia, Seychelles, Botswana, Kenya, Mauritius and Zimbabwe. “A key priority of our Shared Growth strategy is to help young people gain access to the skills and opportunities they need to unlDear Joel,ock their potential. We have identified education and skills development as a space in which a sustainable contribution can be ...