2nd Quarter 2014: Commercial Property Update
It’s hard to believe that we are already entering the month of August! 2014 has been an exciting year for Horizon Capital, with the completion of its latest, premium-grade development, Ibis House, being achieved in mid-July, and lodgement on the 11th of August. We hosted a very successful broker launch to showcase the building to brokers that are active in Century City, as the building is available to let from August. Ibis House has exceeded our expectations, both in its design and its energy and water savings. The green consultants for the development, Terramanzi, already anticipate an electricity saving of 36%, approximately R150,000 per annum or R10/m2 when compared to a notional building of a similar size, as well as a reduction in greenhouse gas emissions of 65%. In addition, water consumption for irrigation purposes has been reduced by 90%.
We would like to take this opportunity to welcome our latest staff members, Adele Day, PA to John Witter, who joined the team in April, and David Sedgewick CA (SA), who is joining Horizon Capital in late August.
2nd Quarter 2014: Corporate Finance Update
Our business sales and acquisitions area has recently experienced heightened activity. Clients are starting to place businesses on the market after a very quiet period where there were few sellers due to poor business results during the recession. There is a group of people who are now in their late 60’s that have been waiting for the right opportunity to sell during the drawn out recession, this period seems to have finally arrived.
Please contact us if you are looking to buy or sell a business.