This iconic Joburg property is back on the market for offers over R150 million

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 61%

United States News News

United States United States Latest News,United States United States Headlines

Summer Place, a popular banqueting and conference venue in Hyde Park, Johannesburg, is back on the market after its sale during an auction in March fell through.

The property was sold during a live auction conducted by Broll Auctions and Sales for R129 million; however, it did not go through and will be launched for sale by Cobus Odendaal from Lew Geffen Sotheby’s International Realty on 1 September.

“The office layout is changing as the need for office stations for all employees recedes, and the need for meeting and collaboration spaces increases and the repurposing existing office space and updating building layouts are now a focus point for many real estate companies and investors,” he said. “In Johannesburg, the main commercial hubs like in areas Melrose, Rosebank and Hyde Park are already fully developed, and developers are now repurposing older buildings in order to meet the shifting demands.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in US

United States United States Latest News, United States United States Headlines