Real Estate Investor Magazine South Africa July 2015 | Page 41

REI COMMERCIAL

STONEHENGE AUCTIONS SIGNS B-BBEE
DEAL WITH KAPELA HOLDINGS

S

tonehenge Auctions signed a B-BBEE deal with Kapela Holdings in May this year
at the Fluxmans Attorneys offices in Rosebank.
Stonehenge Auctions is a relative newcomer to the auction industry,
reshaping the way that traditional property companies and the community conduct
business when it comes to repositioning or acquiring property holdings.
Kapela Holdings is a majority black-owned business made up of professionals who
aim to create value through active involvement in its investments. The group targets
mid-cap and large businesses with high growth potential and where a meaningful
difference can be made through support to management, if and when it is required.
Stonehenge Auctions CEO, Danny Moss, said that it is extremely important for
their company to reflect the demographic of the country and venture into previously
untapped markets. “This B-BBEE agreement with Kapela Holdings will assist us
in growing our market share and enable us to pioneer transformation within the
auctioneering industry. While we have experienced excellent growth in recent months,
the agreement aims to position us for further expansion in the future,” said Moss.
Makhup Nyama, Executive Director of Kapela Holdings has been appointed to the
Board of Stonehenge.
“Kapela Holdings will further assist Stonehenge Auctions in growing their business
through leveraging our networks and relationships where appropriate,” Nyama said.
“As new player in the South African auctioneering industry, we are excited about
the prospects this agreement will bring, including inroads into different markets,”
Moss concluded.

Marc Edwards
CEO
Tower Property Fund

Since purchasing the Cape Quarter, we have
implemented a lighting retrofit that is expected to see
an impressive R1 million per annum saving in energy
costs. The centre has received an extensive PV solar
system with 702 solar panels having been installed
on the roof of the Cape Quarter Square. So far initial
results show that the installation is outperforming its
expected cost savings – by 20%.”
Cobus Van Heerden
Retail Director
Atterbury

The Mall of Africa will have one of the biggest
photovoltaic installations of any South African mall
to date. The design will further conserve energy
through efficient lighting design and air conditioning.
It will benefit from full generator back-up power
complimented by our own solar energy generation.
The goal was to build a mall that can be open to the
public regardless of the power challenges around it.
www.reimag.co.za

EXPERT Q&A
REGULATIONS FOR PROMPT
PAYMENTS GAME CHANGER FOR
CONSTRUCTION INDUSTRY

Euan Massey
Director and Adjudication
Practitioner
MDA Consulting
Q Why are large corporates moving
their premises out of Sandton?

The influx of a number of large corporates
into the Sandton Central Business District
will place further stain on the already
stretched infrastructure, especially the
roads which will impact heavily on the
traffic congestion.
Q Where are these large corporates
moving to?

Many Sandton-based enterprises are
moving to other business nodes in the
vicinity such as Rosebank, Bryanston,
Rivonia and Morningside. These areas are
just as well-placed as Sandton in terms
of access to major road networks and
surrounding amenities.
Q What have you seen happening
in this sector over the past six
months?

Over the past six months we have seen an
increase in demand for sectional title office
space, particularly in the Bryanston and
Fourways areas. The office space market
is still under strain, with rentals under
pressure.
Q What is the impact of office space
vacancies on the sector?

Office space vacancies are still high,
with the South African Property Owners
Association Q1 2015 Office Vacancy Report
indicating a national office vacancy rate of
11.2%. We are seeing office space vacancies
gradually reduce.
Q Has available office stock
increased or decreased?

While we have seen available office stock
start to gradually decrease, which can be
an early sign of a potential recovery in
this sector of the market, SAPOA notes that
economic drivers are not suggestive of any
change in this sphere of the commercial
property market in the short term.
JULY 2015 SA Real Estate Investor

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