ROSEBANK PROPERTY & INVESTMENT

WHY INVEST IN ROSEBANK?

Rosebank has a lot to offer and this is showing in the capital growth of the area as whole. It is the new chosen hub for large corporates, like Pepsi co, Anglo American, Standard Bank head offices to name a few. New and redeveloped residential buildings, retail and area upgrades, all contribute to the reason why you should consider investing in Rosebank.

Residential Development in Rosebank

Renprop launched The Vantage Apartments in 2014, which sold out at launch. The Tyrwhitt, completed in March 2020, was Renprop's second high-rise development in Rosebank's CBD and construction of The Median Luxury Apartments, Renprop's 3rd high-rise apartment development opposite The Zone @ Rosebank, is now underway.

The increasing demand for residential property in the area can be attested to the upliftment of the area in general, major listed companies moving their head offices to Rosebank and redevelopment of the Rosebank Mall and many other surrounding retail establishments.

Renprop has stayed ahead of the trend by ensuring residential property needs were met, presenting both home owners and investors, great opportunities to reap the benefits.

Residential Property Investment

The recent interest rate cut announced in May 2020, has brought South Africa’s cost of lending to the lowest level on record. South Africa’s prime lending rate is now sitting at 7,25%.

Chris Renecle, MD of Renprop, says that in many instances this has led to the monthly rentals of residential property becoming more expensive than monthly bond repayments would be on the same property. “The last time a South African property market investor could recover their bond repayment on a 100% bond with the rental income was in the 1990s.”

Renecle says that as most economists envisage that the interest rate will remain low over the next 18 months or so, it makes sense for those who have been sitting on the fence about property purchase or investment to take the leap.

Commercial Property in Rosebank

THE NUMBERS SPEAK FOR THEMSELVES...

14 000 people
now working in Rosebank

NEW & REDEVELOPED BUILDINGS

  • Kent Collective - Just Launched!

  • The Bank (old FNB) - Cnr Tyrwhitt

  • HyProp | Rosebank Mall

  • Oxford & Glenhove

  • 51 Glenhove

  • The Fire Station | 16 Baker Street

  • Rosebank Towers | 19 Biermann Avenue

  • The Link | 173 Oxford Road

  • 144 Oxford

  • 104 Oxford

  • 173 Oxford Road

  • 18 Glenhove

  • 1 Sturdee (Re-development)

  • Rosebank Galleria (Under construction)

LARGE & LISTED COMPANIES NOW IN ROSEBANK

  • NEWEST ARRIVAL - Anglo American

  • New BP Head Office

  • Standard Bank Head Office

  • Sappi New Head Office

  • Cricket SA

  • General Electric

  • Mazars

  • Coca-Cola

  • Pepsi Co

  • Women’s Development Bank

  • Vukile Investments

  • Life Hospital Head Office

  • Arup Head Office & Sony