Record entry for property industry body awards
A RECORD 38 entries have been received for the SA Property Owners Association’s awards for excellence in property development, compared with the 23 received last year.
The association’s chief executive Neil Gopal said this displayed the innovation and quality property developers were delivering.
“It is also a good sign that green shoots of a gradual recovery are starting to come through for the sector, marked by more new property developments.
“It shows that property development remains a healthy, active sector of the South African economy.
“Property development is a driver of economic growth in any free- market economy. Groundbreaking solutions to property development are a s pri ngboard t o e c o nomic success and this is why excellence in this field is so important.”
The association’s excellence awards acknowledged and encouraged innovation, he said.
The awards honour innovat o r s wh o c o n t r i b u t e t o strengthening the property industry.
Sponsored by PD Naidoo & Associates, Crane QS, Encha Properties, Standard Bank, Dube Trade Port and Remote Metering Solutions, the awards will be presented at the 45th annual Sapoa International Convention and Property Exhibition in May.
“Economic viability, the meeting of investor and user needs, as well as architectural appeal and functionality are all considered,” said Pieter Engelbrecht, chairman of the awards committee.
“The awards reco gnise developments that enhance their location in an integrated way and effectively identify and address the urban challenge and any direct impact they might have on communities and the environment.”
Entries were open to developments in 10 project categories and there will be three overall awards.
Eligible sectors include office, retail, industrial, residential and mixed-use.
Other categories consider heritage projects, refurbishments and innovative solutions, as well as projects outside southern Africa.
Overall awards were the transformation award, green award, and overall winner, Engelbrecht said.