Aug 14, 2008:
Emira Property Fund has, despite the cooler economy, clinched several rental agreements over the last three months at extremely favourable tariffs.
The company has recently rented out office space of 1,240sq m in the Hurlingham office park at a gross rental tariff of R105/sq m. Signatures were also appended to two rental contracts for 1,200sq m in the Epson Down office park in Bryanston at the same rental tariff.
Rental amounts in this office park were between R50/sq m and R60/sq m three years ago.
The biggest rental deal over the last few months was with Outsurance for 6,854sq m in the Lake Buena Vista development in Centurion. The transaction was finalised at between R95/sq m and R100/sq m. – Sake24