Record en­try for prop­erty in­dus­try body awards

Weekend Argus (Saturday Edition) - - PROPERTY -

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.

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