Q&A: Justin Blend: The value of office-to-housing conversions
As people move to SA’s cities, and more work from home, a move to residential property makes sense
28 January 2021 - 19:15
Private developer and landlord Africrest Properties has announced it will convert accounting firm PwC’s landmark old Sunninghill headquarters into 700 apartments.
The conversion will involve floor space of nearly 30,000m² and will be one of the largest in SA. The move is a signal that listed and private landlords, not only individuals, recognise value in owning residential property as opposed to the three classic asset types: office, retail and industrial. ..
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