ISSUE 53 • APRIL 2018
S A’ S L E A D I N G L I F E S T Y L E A N D P R O P E R T Y M AG A Z I N E
s uper natural
EARTHY NEW COLOUR COMBINATIONSI
SA DESIGNERS’ CRAFT COLLABORATIONSI SUSTAINABLE BETTY’S BAY HOMEI
PLUS
Buildings chasing
green stars
WHAT MORE COULD YOU ASK FOR
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M1
HOUGHTON GOLF CLUB
2ND A VE
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VISIT US AT OUR SUPREME PENTHOUSE, A MANSION IN THE SKY: 5 EN-SUITE BEDROOMS, CINEMA, GAMES ROOM, 2 BED COTTAGE, POOL, JACUZZI ... and so the list continues.
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CREATIVE GROUP
– A DREAM COME TRUE
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COME AND V I S U A L I S E W H AT TRUE LIFESTYLE I S A B O U T. Y O U WILL NOT BE DISAPPOINTED
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CONTENTS
COVER IMAGE Untitled by Jean-Michel Basquiat, 1982; Knight Frank Wealth Report 2018 PHOTOGRAPHS Ruvan Boshoff, Jessamy Hindle, Lien Botha, supplied
DISCLAIMER The publisher of this magazine gives no warranties, guarantees or assurances and makes no representation regarding any goods or services advertised within this edition. © The Advertising Joint Venture. All rights reserved. No portion of this publication may be reproduced in any form without prior written consent from the publisher. The publishers are not responsible for any unsolicited material.
desig n hould I sell my mountain bike? It’s a di cult uestion here’s an emotional attachment four stage races and eight ape own cle ours and a practical side I don’t have a garage, so it lives inside m at It’s also dangerous riding on the cit streets and the mountain ut I love m bike It’s teal blue, ma be not one of ’s trending colours feast our e es on these on page , but still a beaut ike a work of art, even when it’s perched against a wall lso, it’s a sustainable mode of transport limate change is a ecting outh frica in a ver real wa , as evidenced in traight alk on page hile on the green topic, our ropert Investment feature on page looks at local developers who build sustainabl as a sales initiative he right and clever thing to do a be I should take m cue from them it an e tra large rear view mirror to m bike and brave the tra c, and afterwards hang it on one of those trend bike hooks on the wall reat it like a proper painting hich brings to mind the million as uiat painting on the cover, mentioned in the night rank ealth eport on page Is it just me or does a rear view mirrored mountain bike hanging on a wall suddenl seem a little clunk a be it’s time to sell
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Debbie Loots, editor, REAL ESTATE life
PUBLISHED BY THE CREATIVE GROUP FOR BLACKSTAR PROPERTY PUBLISHING 1st Floor, Block H, Sable Square, c/oBosmansdam and Ratanga roads, Milnerton, Cape Town, 7441 | estatemagazine.com | 021 447 7130
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WHAT’S HOT NOW
hings to see, trends to spot places to be and esign Indaba highlights
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A sustainably built home in the seaside town of ett ’s a is a sanctuar to a writer and an architect
look at some of this ear’s hottest earth shades, and di erent wa s to work them
SHOWCASE
COLOUR TRENDS
LUXURY SA DESIGNS
ow, more than ever, local design is about substance and stor telling
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CAR NEWS
Would you believe the striking i oadster has a humble litre engine
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luxury
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lifestyle
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decor
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A contrasting pair of record-breaking portraits helped art to drive wine o the top of the Knight Frank u ur Investment Index in 2017
Inspiring design and architectural trends shaping the future of property here and elsewhere in the world
Both listed property and the residential rental property sectors are set to attract more investors this year
WEALTH REPORT
HOT PROPERTY
INVESTMENT FOCUS
STRAIGHT TALK
Patrick Cairns notices the fountains turned o in a cit ravaged by drought
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NEW INVESTMENT TRENDS
South African developers are turning to building sustainability as a key sales opportunity
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BACK CHAT
e interview music producer, DJ and entrepreneur Euphonik, who also juggles property development and investment interests
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WHAT’S HOT NOW TEXT Julia Freemantle PHOTOGRAPHS Claire Gunn, Jessamy Hindle, Iwan Baan, Paul Scala, Petr Krejci, supplied
Things to see, trends to spot and places to be
01 BRIGHT SIDE A new batch of prints by Germanybased South African illustrator Tara Deacon that encapsulate a sense of positivity and nostalgia has arrived at Salon Ninety One in Gardens, Cape Town. The bright block colour, naĂŻve style and relatable subject matter are entirely captivating. salon91.co.za
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02 TAKE THE FLOOR Always striking just the right note between contemporary and accessible, the homewear collection HAUS at Hertex features new indoor and outdoor rugs that will add the X factor to your floors. The wide range of indoor designs, from simple and graphic to opulent and floral, draw on major trends as well as timeless motifs. The three outdoor ranges are made of UV-resistant and easy-toclean polypropylene. You can also shop for these rugs online, and delivery is free. hertexhaus.co.za
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03 WATERSHED MOMENTS The Cape Town chef fraternity is responding to the current water crisis with innovation, offering solutions to the problem by creating new ways of making and serving food. Chef Luke Dale-Roberts’ efforts to drastically cut down on water usage has resulted in The Drought Kitchen at The Test Kitchen, a six-course menu available until the end of May that involves experimentation with water-friendly cooking methods. Always at the forefront of food trends, Hannerie Visser of Studio H (pictured) presented a waterless dinner as part of the water project S/Zout, which imagines the future if agriculture used sea water. thetestkitchen.co.za, studio-h.co.za
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04 GRAND ENTRANCE Guy Bennett, the new executive chef at The Restaurant at Grande Provence, is bringing a new style of South African cuisine to the Franschhoek wine estate. Having refined his craft working with some of the country’s best chefs (Reuben Riffel, Bertus Basson and Michael Deg), he’s bringing a focus on freshness and seasonality to the dishes at Grande Provence and celebrating local ingredients like Franschhoek trout, Saldanha oysters and Karoo lamb. The menu will change regularly to keep guests and his team inspired. grandprovence.co.za
W H AT ’ S H O T N O W
05 ON THE MARK Mark Alexander’s exquisite 2018 fabric collections are the epitome of understatement. Proving that natural is hotter than ever, the ranges allow the intrinsic beauty of linen, cashmere, wool and velvet to shine in minimal plains, showing off their texture through simple designs. Available at Romo South Africa. romosouthafrica.com
06 IN GOOD COMPANY After a six-year tenure at The Kitchen at Maison in Franschhoek, chef Arno Janse van Rensburg recently opened Janse & Co on Kloof Street. Together with his wife, pastry chef Liezl Odendaal, he has created a cool urban space serving elegant but unpretentious fare and an interesting wine list. The format is a tasting menu of up to seven courses, and the focus is on local, sustainable and artisanal. janseco.com
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07 TAKE TWO After the resounding success of the inaugural event in 2017, Design Joburg – featuring Rooms on View and presented by Media 10 – is back for a second year. Visitors to the Sandton Convention Centre can look forward to the same standard of decor and design stands, exciting spaces by the CoLab partnerships, as well as some new additions. New features include a pop-up by Marble restaurant (with dishes inspired by trends in food and design); Retail Corridor, where products by various South African designers will be for sale; an Architect’s Gallery showcasing the best projects by local architecture firms; and a Tim Burton-inspired gin bar created by Andrea Kleinloog and Megan Hesse, featuring luxury brand Ardmore. designjoburg.com
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W H AT ’ S H O T N O W
CELEBRATING
CREATIVITY
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A three-day (and -night) smorgasbord of exhibitions, talks, music, art and installations, Design Indaba draws the country’s creatives and international luminaries like no other local event
08 ENSAMBLE STUDIO Inspired by raw materials and natural processes, Spanish architects Débora Mesa and Antón García-Abril of Ensamble Studio have an innovative approach to design, preferring to do rather than plan, and experimenting with processes to create unexpected results. Commissioned to create three permanent installations at Tippet Rise Art Center in Montana, they drew on the landscape to build reinforced-concrete sculptures that mimic the forms and textures around them. ensamble.info 09 STUDIO SWINE A gonzo approach to design and a desire to create a synthesis between technology and nature has taken Studio Swine – architect Azusa Murakami and artist Alexander Groves – all over the world, applying design principles that reflect the context of each place and solving problems using available resources. For their Fordlandia project, which explores the ultimately failed community built by Henry Ford around a rubber plantation in the jungle, they created design items reimagining the experiment as if it were a success, drawing on naturally available resources like rubber and fish skin to create furniture and homeware. studioswine.com
12 10 TOM DIXON Designer Tom Dixon’s unorthodox career trajectory to commercial success – he started out as an untrained designer welding salvaged metal into furniture, worked for Italian megabrand Cappellini, was appointed head of design at Habitat and then established his own brand – has made him something of an anomaly in the industry. This path has moulded him into a multifaceted designer with a range that is hard to match. His brand produces products as varied as room scents and lighting, and he knows how to adapt – his foray into mass production with IKEA is a way to combat the copying of his designs. He is truly a 21st-century designer. tomdixon.net 11 SARAH KING This Nelson Mandela University graduate’s delicate ceramic works experiment with concepts of control, contrast, repetition and fragility. Embracing each medium’s limitations relinquishes control, while the cathartic act of repeated threading serves as an outlet for her need for ordered expression. Through her delicate clay-and-thread pieces, the designer aims to challenge the notion of a ceramic piece needing to be functional and instead celebrates it purely for its aesthetic value. 083 449 8447
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12 ATELIER NL Celebrating and documenting a sense of place through design, Netherlands-based Atelier NL creates these sand-and-glass collections that visually depict the differences in places through functional objects that tell a story and reflect their origins. Their World of Sand project creates vessels using sand from all over the world, illustrating its diversity while also drawing attention to its preciousness as a dwindling resource in our daily lives. ateliernl.com 13 HEATHERWICK STUDIO Celebrated architect Thomas Heatherwick’s designs have been described as show-stopping, unconventional and even controversial. He works across the spectrum of cultural, commercial and public designs. Recent Heatherwick Studio projects include the King’s Cross shopping hub (pictured), where the goal was to create a shopping destination by effectively joining two Victorian-era warehouses without losing their soul; Vessel, a public sculptural piece in New York; and the Google offices in California. heatherwick.com
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SHOWCASE
A HOUSE NAMED
VELDHUIS For Raymond Smith and Lien Botha, their house in the Overstrand town of Betty’s Bay is their sanctuary TEXT AND PHOTOGRAPHS Lien Botha
This multifunctional living space leads to an outside entertainment area. A combination of varying wall and floor treatments and ceiling types creates differentiation.
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RAYMOND BELIEVES A SUCCESSFUL BUILDING SHOULD EMBODY A SENSE OF ITS PURPOSE,
p la c e
AND TECTONICS Lien Botha
The installation of rainwater-harvesting tanks to fill the toilet cisterns and top up the lap pool has led to the saving of a full month’s consumption of municipal water per year. The two cast-aluminium riempie chairs formed the focus of one of Raymond’s art installations, Armchair Traveller, in 2005.
SHOWCASE
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e fell in love with Betty’s Bay twice. The first time was in , when we bought a plot and a mond designed a house reminiscent of a farmhouse b the sea he initial idea was to negotiate work and pla between ape own and ett ’s a , but we never reckoned with the wa in which this place would settle under our skins In time, and with a mond having evolved his architectural philosoph towards design within the broader built environment conte t, we bought a second piece of land, this time e changing sea views for a green belt he building foundation was laid during the winter of I was the neurotic partner of a man well seasoned in the trials and tribulations of the design and construction process a mond kept the boat a oat, and before hristmas of that ear we were able to welcome back creatures who’d found shelter in our previous garden a mond believes a successful building should embod a sense of its purpose, place and tectonics In this instance, the design drivers were as follows low maintenance, grid supported self reliance in terms of water and energ , wheelchair friendl , securit wise and within our budget he house has a uiet, unpretentious aesthetic it is reminiscent of v eld huis e, worker cottages that used to be a feature on the edge of outh frican towns uilt in the form of two barns, it is anchored on a soil raft foundation level with the f nbos and parallel to a stream that forms
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a boundar with rodie ink ature eserve, integrating the structure with the landscape. he e terior walls have four t pes of finishes splatter dash concrete, incalume roof cladding, pine shiplap cladding and red brick Inside, the cla brick walls are variousl sealed, bagged, painted and washed he oors are cement concrete and treated outh frican pine ight filters through the house like patterns in a kaleidoscope ur furniture is eclectic some items we bought, some we swapped and others we inherited e have a soft spot for odd chairs, like a jacaranda riempie chair carved b an ancestor who was a prisoner of war on the island of t elena he garden is indigenous and water wise, with species such as agapanthus, aloes and proteas ensuring seasonal food for the birds he blossoming of the keurb om e in the four corners of the garden is heralded b bumblebees and sunbirds n the east side we have established two greenhouses and in the process discovered that carrots and strawberries thrive in the nutrient poor, acidic sand n a aturda afternoon, two ears since we moved into eldhuis, as I’m writing this and a mond is deciphering hierogl phs in preparation for a conference in g pt, I look up from the computer screen and see the sandstone cli face of oorberg, part of the ogelberg range slight north westerl wind, our winter wind, is moving through the leaves of a water berr tree irds have alread carried the deep purple fruit to their nests
THIS PAGE Interspersed with images from Lien’s portfolio are works by artists such as Cornelia Stoop, Cobus van Bosch, Barbara Wildenboer, Bonolo Kavula, Karlien de Villiers, Vulindlela Nyoni, Liza Grobler, Mandla Vanyaza, Juria le Roux, Brahm van Zyl and Luan Nel. OPPOSITE The built form of the house, with reference to the cranked roof ridge line, was inspired by the topography of Klein-Hangklip mountain, being the field view on the north-west axis.
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SHOWCASE
Over time, Annabelle has filled her house with unique one-off antiques such as the dramatic four-poster and richly coloured rugs in the main bedroom, which offset the architecture beautifully
THE HOUSE HAS A QUIET,
u np r et ent i ou s a est het i c ;
IT IS REMINISCENT OF VELDHUISE, WORKER COTTAGES THAT USED TO BE A FEATURE ON THE EDGE OF SOUTH AFRICAN TOWNS Lien Botha, homeowner
ABOVE In her book A Room of One’s Own, Virginia Woolf wrote, “Women have sat indoors all these millions of years, so that by this time the very walls are permeated by their creative force, which has, indeed, so overcharged the capacity of bricks and mortar that it must needs harness itself to pens and brushes and business and politics.” OPPOSITE, CLOCKWISE FROM TOP LEFT A quirky Noria Mabasa sculpture amid succulents in the garden. | A view of Kogelberg from a living area. | Veldkos in the fynbos. | Good indoor-outdoor connectivity was one of the central design parameters.
Lien Botha is an artist, curator and writer. lienbotha.co.za Raymond Smith is an architectural and heritage practitioner. raymondsmith.co.za
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COLOUR
BY
COMBO
A look at some of this year’s hottest colours, and di erent wa s to work them
TEXT Julia Freemantle PHOTOGRAPHS Supplied
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COLOUR TRENDS
TERRACOTTA A nod to the retro design mood of the moment (the ’70s in particular are getting a lot of airtime), terracotta is warm and grounding. Almost a neutral in its earthiness, it is remarkably versatile and pairs well with various other colours.
01 WITH GREY Choosing a strong colour needn’t mean committing a whole room to it. This wall panel half-painted in deep terracotta by UK paint company Little Greene (littlegreene.eu) offers the impact and interest the room needs, without detracting from the warmth and lightness the pale-grey sections offer. 02 WITH TURQUOISE It’s basic colour science that to make shades pop, you pair them with their opposite on the colour wheel – which is the reason that the combination of terracotta and turquoise by Annie Sloan (anniesloansa. co.za) is so effective in creating this moodlifting rustic Mediterranean feel. 03 WITH BLACK This use of a piece of black furniture by Ferm Living (fermliving.com) against a terracotta background gives a defined and dramatic feel, and the addition of metallic objects add to the Axel Vervoordt-esque palette. 04 WITH TERRACOTTA Layering shades of the same colour creates a cocooning effect that’s surprisingly understated. But it’s the different textures that break up the density – the wall panelling and Casamance wallcovering from Hertex (hertex.co.za) allow breathing room despite the overdose of colour.
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COLOUR TRENDS
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PURPLE Ultra Violet, the Pantone Colour of the Year 2018, has ignited a renewed appreciation of all hues of purple. There’s no doubt it packs a punch visually – the strong end of the spectrum is a big commitment in terms of decor, whereas lilac is more low-key and easier to live with.
01 WITH BROWN Heart Wood, the Dulux Colour of the Year 2018 (dulux.co.za), is a mauve shade that works with many colours to create different effects. Here, it’s been used with wooden kitchen cabinetry, and it looks warm and welcoming. 02 – 03 WITH PINK Partnering colours in the same family is a good way to achieve balance. This space featuring Romo Black Edition Herbaria fabrics from Romo South Africa (romosouthafrica.com) is as soft and feminine as they come. Lilac as the hero and candy pink as the understudy in this elegant space strike just the right note of sophistication. A slight variation on the same theme, the Eijffinger (eijffinger.com) scheme on the right is a brighter version of the same combination, with pink as the primary hue and warmer plum decor accents.
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COLOUR TRENDS
PINK Still a hot shade for interiors, despite it having been on the scene for a while, pink is feminine and nurturing. If a blanket approach is too much, there are subtler ways to introduce it.
01 WITH NAVY Pink is instantly more grown-up when teamed with navy blue. This smart living room featuring subtle Élitis fabrics (stleger.co.za) and wallcoverings shows off a successful use of colour-blocking that gives the room depth. 02 WITH GREY A strong blue-grey grounds the ultra-feminine shade of this pink by Little Greene (littlegreene.eu), without which it might have come across as slightly on the little-girl side of the spectrum, illustrating how powerful an effective combination can be in achieving a specific aesthetic. 03 WITH GREEN Furniture offers a colour treatment with less surface area than a wall, and therefore less colour. This elegant roomset by Rose & Grey (roseandgrey.co.uk) teams up pink and emerald green – a tried-and-true combination, which is best enhanced by the addition of metallic accents.
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COLOUR TRENDS
JULIANNE JADE (G5-E21) FROM THE 2018 PLASCON COLOUR FORECAST IS PART OF A PALETTE OF MUTED COLOURS AND BOLD
r et r o a c c ent s
COLOUR TRENDS
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GREEN Shades of green have been popular for a few seasons now (the Pantone 2017 Colour of the Year was Greenery), but they’re certainly not passé. Play with the entire spectrum – but note that mint and sage in particular are on trend.
01 WITH GREY Always a timeless match-up, a green-and-grey combo is an understated way to make a space feel polished, seen used to exemplary effect in this Rose & Grey (roseandgrey.co.uk) scheme. Pay attention to the temperature of the tones of fabric and paint when you’re choosing colours – subtle variations in shade can make the difference between satisfactory and show-stopping. Here, both are warm tones, and it works well. 02 WITH MINT Deep green combined with pastel mint and creamy avocado shades from Little Greene (littlegreene.eu) create a cool, sanctuary-like effect in this minimal kitchen. Note how the darker green has been used as a framing and highlighting device. 03 WITH NAVY This moody combination of navy and deep green by Ferm Living (fermliving.com) makes a dramatic statement, and is best suited to a small or contemplative space, like a study or cloakroom. 04 WITH NUDE Introduce a note of freshness to a nude base by including crisp green accents. This peaceful room corner by Dulux (dulux.co.za) shows how effective even just a small decorative piece can be in creating depth through colour.
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LUXURY SOUTH AFRICAN DESIGN
LOCAL IS LUXURY Now, more than ever, local design is about substance and storytelling
TEXT Julia Freemantle PHOTOGRAPHS Jay Perez Photography, Frances Marais, Annalize Nel
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LUXURY SOUTH AFRICAN DESIGN
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s South Africa grows as a creative force, all the while becoming more integrated into the global design world, we start to see how wider trends in uence local design. Moving away from a parochial, ethnic-centric approach, designers in the luxury sphere are producing products that speak to a universal aesthetic, while retaining a strong sense of identity and cultural pride. rend anal st i delkoort confirms this inward looking trend and a desire to focus on where we are, and predicts that 2018 will prompt a need to create sanctuaries of our homes, and catalyse a need for simplicity and humanity that will undoubtedl a ect our relationship to design his also reinforces the ongoing trend of mindfulness in design, which has steadily been gaining momentum, where the origin of a product – its story and its impact – is as important as what it looks like. The idea of luxury objects that are not used is also outdated. Luxury design in the South African context often comes in the form of everyday items made beautifully.
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GLOBAL BUT LOCAL
Designers Katy Taplin and Adriaan Hugo – the creative couple behind the brand Dokter and Misses – have found global success with their minimal contemporary designs, which feature clean lines that have universal appeal and an upbeat industrial aesthetic that signals a South African optimism and boldness. In a more obvious nod to local design techniques, the studio collaborated with Swaziland craft collective Gone Rural in an intricate screen showcasing traditional weaving skills in a high-end contemporary execution. Cashmere designer Trebene is also a globally inspired brand. Based in South Africa but with products made ethically from Kashmiri cashmere, using ancient technique and printed with designs inspired by the merging of the contemporary and traditional worlds, it’s truly the epitome of a global modern luxury brand. Merging Italian leather workmanship and Swazi grass weaving, Khokho has elevated these humble skills into a lu ur handbag range that boasts a global aesthetic and high end finishes
PREVIOUS PAGE Trebene combines a global approach to its luxury cashmere products, resulting in a universally appealing aesthetic. OPPOSITE Dokter and Misses’ collaboration with Gone Rural channelled traditional craftsmanship into contemporary design. ABOVE LEFT Dokter and Misses’ contemporary style is globally relevant but has a uniquely South African sense of fun and optimism. ABOVE RIGHT Luxury accessories brand Khokho merges Swazi weaving techniques using lutindzi grass and Italian leathercraft to create fashionable handbags.
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COLLABORATION
This theme of collaboration to produce desirable objects ties into trend forecasting company WGSN’s recent prediction around African design in 2018. “Kinship” comes down to an increased sense of community in the design world, where cultures come together, borders are crossed and craft techniques blend in the making of something new. Art and design collective Southern Guild and the GUILD Group as a whole have mastered this approach. They provide support and mentorship to emerging talent, and facilitate new partnerships among artists and makers, often pushing them to explore new territory (as in its most recent E x tra O rd inary show) and in so doing generate a spirit of innovation, with new work that crosses genre lines. These collectors’ items often blend functionality with the sense of luxury that comes with being one of only a few pieces made.
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LUXURY SOUTH AFRICAN DESIGN
SIDAI DESIGNS TAKES TRADITIONAL
b ea d i ng
METHODS AND INTERPRETS THEM FOR A CONTEMPORARY AUDIENCE
CRAFT
This preservation and elevation of craft by incorporating it into design items allows us to view it in another light, as something valuable. Similarly, a hand-made item is considered precious precisely because it is rare and by its very nature cannot exist in great numbers and so remains desirable – the antithesis to mass production. Textile company Mungo, which is based in Plettenberg Bay, has created its whole business around the craft of weaving – where time-honoured techniques are used to create high-quality pieces with soul and substance. Tanzanian jewellery design company Sidai Designs takes traditional beading methods and interprets them for a contemporary audience, while honouring the craft. Perfumer Agata Karolina has centred her business, House of Gozdawa, on a small-batch artisanal product. Her perfumes are all made with natural essential oils and bottled by hand in Cape Town. Her collaboration last year with Norwegian design studio Atelier Kaja Dahl on a solid perfume was inspired by the City of Cape Town; the fragrance highlighted the location specific scents of sea air, f nbos and kelp, cementing a memor forever associated with the cit
CLOCKWISE FROM FAR LEFT The Guild Group has garnered a reputation for creating a collaborative environment where creatives are paired up to produce new and exciting work. Its latest show, Extra Ordinary at Southern Guild, sees new work from a number of young and established talents, including Madoda Fani, Stanislaw Trzebinski, Rich Mnisi, Daniella Mooney, Zizipho Poswa and Atang Tshikare. | Incorporating the beading skills of Maasai women in Tanzania into on-trend jewellery, Sidai elevates this craft into artistry. | Mungo’s luxury textiles are woven using traditional methods and machinery, giving them a sense of soul. | House of Gozdawa fragrances are created using artisanal techniques, like Tapputi and the Sea, a scent developed in collaboration with Norwegian design studio Atelier Kaja Dahl.
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LUXURY SOUTH AFRICAN DESIGN
Chandler House seeks to instill a sense of pride in South Africa’s history through design. BELOW A Gold Bottom planter honours the symbolism of African motifs and the beauty and legacy of the hand-made via a contemporary expression of graphic black, white and gold.
PROVENANCE
Storytelling in design and establishing a sense of place are playing bigger roles than ever as consumers seek authenticity from brands. With South Africa’s rich and complex cultural heritage and the beautiful visual opportunities this presents, the possibilities for execution in the luxury realm are exciting. Brands like handler ouse, headed up b ichael handler, a champion of ape own’s scenic beaut and histor , weaves details specific to the cit into his homeware and decorative pieces, such as a ape utch architectural motif, beading techni ues and indigenous fauna and ora Also updating and reinventing a traditional skill, Gold Bottom brings the historical and symbolic value of African motifs and patterns to a new audience in a fresh and vibrant interpretation on its painted concrete planters.
THE ORIGIN OF A PRODUCT – ITS STORY AND ITS IMPACT – IS AS IMPORTANT AS
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BMW lops the top o its i h brid sports car… Has eco motoring ever been this appealing
W
I-CANDY TEXT Terence Steenkamp PHOTOGRAPH Supplied
ould you believe me if I told you the striking R2 millionplus BMW i8 Roadster with its gullwing doors and advanced carbon-fibre construction employs a humble 1.5-litre engine – shared with that spunky Mini Cooper that cut you off in traffic this morning? It does, I swear. But, crucially, it supplements that internal-combustion powertrain with an electric motor powered by a squad of batteries rated at 11.6 kW. The petrol engine cuts out for up to 53 km, allowing the Roadster to coast along in blissful hush as the electric appliance propels the front wheels. When the batteries’ charge is depleted, the Mini motor starts up and refreshes them. Ingenious. (Or owners can simply plug in the i8 when they arrive home or at an ever-widening network of public parking spots equipped with power points.) Even more impressive, when the fuel-guzzler and the electric motor work in unison, the i8 leaps to 100 km/h in a mere 4.6 seconds. Scale back the pace and BMW says its flagship sports car sips just 2.1 litres of petrol every 100 km. Have two cakes and eat them, too.
For 2018, the i8 range has received a cosmetic facelift. You can still buy the fixed-head two-door and, together with the new drop-top, it gains gentle visual updates, a rejigged infotainment system with various connectivity options, plus a new key that contains a little screen, much like a smartphone, displaying your i8’s core data. But the big news is the new Roadster, of course. Thanks to the i8’s rigid tub onto which the body and mechanical ancillaries are affixed, the soft-top version weighs just 60 kg more than the coupé. At 1.6 tonnes the new model is impressively lithe despite the bulky battery pack, and that means it uses less fuel and gets its driver giggling more often. The most striking bit of the transition, however, is that BMW’s engineering boffins have managed to retain the dihedral doors, which make sliding in and out of the i8 pure theatre. They’re but two parts of a whole that previews the future of eco-motoring. If all future sports cars are this arresting while having but a slight impact on the environment, sign me up. (Does anyone have R2 million to spare?) bmw.co.za
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FACE OFF A contrasting pair of record-breaking portraits helped art to drive wine o the top of the Knight Frank Luxury Investment Index in 2017 TEXT Andrew Shirley PHOTOGRAPHS Sotheby’s, RM Sotheby’s, supplied
O
ne is the serene face of Christ, the other a contorted slash of colour. One was painted in the 15th century by an Old aster, the other b a ew ork gra ti artist who died of a heroin overdose in 1988. Both made more than US$100 million at auction in 2017. If U ntitled by Jean-Michel Basquiat, sold via Sotheby’s to the Japanese collector Yusaku Maezawa for US$110.5 million – setting a new record for an American artist – had been the most expensive painting to go under the hammer last year it would still have been an amazing story. However, it was the Christie’s sale of Salv ator M und i by Leonardo da Vinci that really focused the world’s attention on the art market. Some experts decried its condition, and others doubted whether it was even by Da Vinci, yet that didn’t stop a buyer
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W E A LT H R E P O R T
ON THE
COVER
from the Middle East deciding it was worth a staggering US$450 million, smashing the previous world record of US$179 million set by Picasso’s Wom en of A lgiers in 2015. These two headline grabbers are clearly extreme examples, but the wider art market also performed very strongly. For some time now art has lagged behind asset classes such as classic cars and wine in the Knight Frank Luxury Investment Index (KFLII), but 2017 was the year of its comeback. According to data from Art Market Research (AMR) that we use to track its performance, the average value of art sold at auction rose by 21%. APPETITE FOR ART
“Volatility in the art market has been driven by the prices of post-war and contemporary art in the last few years,” says AMR’s Sebastian Duthy. “After a depressed market in
2016 caused widespread concern, consignors were tempted back by auctioneers last year. The desire among wealthy art enthusiasts to add to their new museums carried on through 2017, while the appetites of great institutions such as the Louvre, which opened a new franchise in Abu Dhabi, put more pressure on supply. “As prices for the very best 19th- and 20th-century art continue to hit the headlines, there is hope within the industry that the sensational Da Vinci sale could attract a wider audience to Old Masters in 2018.” Wine, which was KFLII’s top-performing asset class in 2016, with growth of 24%, put in another double-digit performance last year to clinch second place. The value of the Knight Frank Fine Wine Icons Index, compiled for us by Wine Owners, rose by 11%. ince the summer, the currenc e ect caused b
ABOVE LEFT Sotheby’s sold this untitled painting by Jean-Michel Basquiat for US $110.5 million in May 2017. ABOVE RIGHT In November, Christie’s sold this depiction of Christ by Leonardo da Vinci for US$450 million.
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sterling’s devaluation has dropped out of the picture, and this could in part account for the moderated growth in the index for 2017,” points out Wine Owners’ Nick Martin. Scarcity-driven markets remain particularly strong, he adds. “Burgundy markets rose 16.5% on the back of more or less insatiable global demand for the top wines, and a series of short harvests culminating in the 2016 release where some communes were down in volume by as much as 70% due to frost damage.” Much of the increase in demand is coming from Asia, says Andrew Gordon, managing director of Private Cellar, which provides a bespoke cellar management service for high-net-worth collectors. “Our Fine Wine List has seen unprecedented turnover in recent months, with particularly strong demand for stock with perfect provenance from discerning Asian customers. While partly due to the devaluation of sterling against other currencies, I do not believe it’s a simple currency issue – buyers in the Far East have extremely sophisticated taste and an ever-increasing depth of knowledge, which makes it an exciting time for buyers and sellers alike. Demand for top Burgundies is stronger than ever, driven by the scant quantities produced in recent vintages, but blue-chip wines from Bordeaux, Italy and California do not linger on our list for long.” RECORD BREAKERS
Even those asset classes that didn’t perform as strongly overall as art or wine in 2017 produced some record-breaking sales. Classic cars, which are still by some way the best-performing asset class in KFLII over a 10-year period, saw a number of striking auction results, with Bonhams dispatching a 1995 McLaren F1 for US$15.6 million, and a 1959 Ferrari 250 GT California Spyder LWB made US$18 million through RM Sotheby’s. But it was a 1956 Aston Martin DBR1, raced by legendary driver Stirling Moss, that was the year’s top seller when it was auctioned by RM Sotheby’s for US$22.55 million. Although it has been suggested for some time that the classic car market might fall significantl , ietrich atlapa of anal st I, which provides our KFLII car data, isn’t too downbeat. “It’s hard to make predictions, but what I can be fairl confident about is that strong prices will be paid for the best cars by knowledgeable collectors this ear he results from the ear’s first major classic car auctions in Scottsdale, Arizona, seem to bear this out. u ur investments don’t need four wheels to benefit from the glamour surrounding motor racing. The cherished Rolex Daytona worn by actor and keen racing driver Paul Newman was another record breaker. Given to him by his wife Joanne Woodward and inscribed “Drive carefully”, the watch, having been guided at US$1 million, was sold by Phillips for US$17.8 million. hinese lu ur investments and bu ers were firml among the record breaking action in ong ong jeweller how ai ook paid a record price for a piece of jeweller , snapping up the ink tar, a carat vivid pink diamond, for million (US$71 million), and a strikingly small and simple 1 000-year-old Ru guanyao ceramic brush-washing bowl doubled its pre-sale estimate b fetching million almost million Sotheby’s handled both sales. Even furniture, which brings up the tail of KFLII, has the power to defy expectations. Bonhams sold an exceptionally rare set of four 16th- or 17th-century Chinese huanghuali folding chairs, estimated at about £200 000, to an Asian buyer for almost million Whether we will see records broken at the same rate in 2018 remains to be seen, but it will take some work of art to overtake. Source: Knight Frank Wealth Report 2018 k ni g ht f r a nk . c om/ wea lt hr ep or t
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W E A LT H R E P O R T
CLOCKWISE FROM BELOW A 1956 Aston Martin DBR1 sold for US$22,55 million at a Sotheby’s auction last year. | Paul Newman and his Rolex Daytona watch, which fetched US$17.8 million at auction. | Wine, the top-performing asset class on the Knight Frank Luxury Investment Index in 2016, also had a strong year and saw double-digit growth in 2017. Scarcity-driven markets, particularly for Burgundy, remained strong and in demand.
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2018/03/19 6:55 AM
HOT PROPERTY
Inspiring design and architectural trends shaping the future of property here and elsewhere in the world
TEXT Genevieve Putter PHOTOGRAPHS Ansjah Bloem, Thys Dullaart, Juan Baraja, suppied
HOT PROPERTY 01 IF YOU GO DOWN TO THE WOODS This quaint cabin, built to withstand the most extreme weather in Norway, is technically four cabins in one. Each living node corresponds with different indoor functions, and features distinct materials, aesthetics and techniques. They have in common a patina of local timber treated with tar oil and gabled roofs oriented in the same direction. It was designed by Rever & Drage Argitekter for an outdoorsy family who wanted lots of space for sports equipment, a comfortable place to change before and after hiking and skiing, and a drying area for wet clothes. The design team says the cabin is “tailor-made to transport wet hikers from the glassed-in garage via a laundry area, bathroom and kitchen to a soft sofa by the fireplace with a wide panorama window.� reverdrage.no
01
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HOT PROPERTY
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02 CATCHING THE ECO-TOURISM BOAT The eco-hotel is the latest buzzword in tourism circles – a luxurious retreat close to nature with as little impact on the environment as possible. One such establishment is Le Domaine des Cabanes des Grands CÊpages in Avignon, France, with its 10 floating cabins in a marine reserve. It is barefoot, minimalist luxury at its best. Designed by French architecture firm Atelier LAVIT, the hotel was prefabricated in units and assembled on site to lessen the impact of construction on the landscape. The units feature sleep, lounge, deck and ablution nodes, and a walkway connects them to the shore. atelier-lavit.com
03 CALLING BRIGHT YOUNG MINDS In January this year, the Royal Institution of Chartered Surveyors (RICS) launched a new global challenge, Cities for our Future, aimed at students and young people to help solve issues around urbanisation. It’s estimated that cities around the world attract about 3 million new inhabitants every week, resulting in an exploding urban population that impacts the efficiency of service delivery and urban infrastructure. This initiative has identified 24 cities entrants can engage with to help solve these problems; and one of them is Durban. Cities for our Future was launched in partnership with the UK National Commission for UNESCO and the Association of Commonwealth Universities. The 12 best entries from around the world will be shortlisted for the global prize and will receive support and advice from RICS-qualified professionals before an overall winner will be announced in November 2018. It’s an opportunity to change the world and win a prize of £50 000 (about R800 000) and mentoring by industry experts to realise the idea. citiesforourfuture.com
03
04 REMOTE ACCESS We featured the Slovak-designed microhome concept Ecocapsule in 2017, and it is exciting to learn that it was launched earlier this year in the US, Japan, Australia and Europe. Only 50 of them have been built and the first one found a home in Japan. This prefab unit is a completely off-grid dwelling that can be used as a home, houseboat or research station in remote areas. It comes equipped with solar panels and a wind turbine for harvesting energy, and filters water from natural sources. The company by the same name, Ecocapsule, is currently looking to bring the concept to other markets via a crowd-funding initiative on Crowdberry. ecocapsule.sk
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05 THE LION’S SHARE Hotelier Sol Kerzner recently launched his first residential project, Kerzner Estate, in Hout Bay. The 10 ha development is located high on the slopes of Leeukoppie, just off Victoria Road, with panoramic views across Chapman’s Peak and the bay. Offering 48 luxury three-, four- and fivebedroom homes, the estate is built around Sol’s family home. With prices starting at just more than R20 million, with no transfer duty payable, the homes are all built according to ecosensible principles such as grey- and rainwater harvesting and the planting of indigenous vegetation, mainly fynbos, which will replace all alien pine trees on the property. Each home will have a distinct design in harmony with the site and location, executed by six renowned architects commissioned for the first phase: Dennis Fabian of Fabian Architects, Stefan Antoni of ARRCC, Sean Mahoney of studioMAS, Jonathan Jacobs of Metropolis, Sally Tsiliyiannis of Gapp and Ian Gray of COA (Craft of Architecture). kerznerestate.com
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INVESTMENT FOCUS
INTEREST RISING
AS CHOPPY WATERS SETTLE Both listed property and the residential rental property sectors are set to attract more investors this year on the back of improved TEXT Meg Wilson PHOTOGRAPHS Supplied consumer and business confidence
T
he debate over whether it is better to buy property or shares has been going on for as long as anyone can remember, and is likely to continue, because the answer for each individual investor is that it very much depends on their personal perspective, risk appetite and financial circumstances. And in South Africa these are seemingly always subject to swift and dramatic change, thanks to outside events that have major implications for real estate and the stock market. In the past year alone, investors here have had to absorb and adjust to several changes of finance minister, huge shifts in the rand e change rate, severe investment rating downgrades, the fallout of the teinho and aspers investigations, a change of leadership in the ruling party, a new president, and negative hedge fund reports that have recently damaged the reputation and value of a major bank and one of the biggest listed real estate investment trusts (REITs). Billions of rands have been lost on the stock markets and thus from investors’ savings and retirement funds, sometimes within hours. Rising in ation and unemplo ment have put enormous pressure on household budgets and, as if that wasn’t enough, South African consumers have all been traumatised b the e ects of the grand corruption that has been taking place at the highest levels of government and business for almost a decade. o wonder then that investors were thin on the ground in , and not only because returns in both the listed property sector and the residential rental sector declined. lthough it has outperformed ever other asset class over a ear period, listed propert as per the outh frican isted ropert Inde was onl the second best performer after e uities last ear, having achieved total returns of , , compared with , for e uities nd the I s, which make up the bulk of the inde and are the wa into the sector for most private investors, achieved total returns of onl , , compared with , in ore recentl , investor confidence in I s has been dented b the rapid drop in the share prices of Resilient Reit and its associated companies epi ockcastle, ortress and reenba he group, which accounts for about of the value, was accused of artificiall in ating its income and net asset value, and more than billion worth of shareholder value was wiped out in the ensuing scramble to o oad its shares
owever, listed propert was still wa ahead of bonds , , cash , and residential real estate last ear, with the ropert arometer showing average house price in ation of just , nd outh frican I s I s , of which there are listed on the , still featured strongl among the op companies that earned the most for shareholders last ear see igure “Indeed, the sector has held up really well, despite the current negative sentiment,” says SA REIT Association chairman Izak Petersen. “It remains the best income producer, a defensive investment through cycles and a powerful shield against in ation, and should make up a meaningful percentage of any serious investor’s portfolio.” What is more, REITs are likely to become even more attractive to certain investors in the light of current moves b the and the to amend ection of the onstitution and enable land e propriation without compensation. There are many local investors who perceive this as the thin edge of the property nationalisation wedge, and will naturally turn to those companies that have diversified their holdings into international markets and whose assets are thus less e posed to the risk of land or propert seizure by the State. I s began this process of globalisation about ears ago, and it has gained such momentum in the past two years that now an estimated of earnings come from about other countries, including Australia, Eastern and Western Europe and the UK. n the other hand, for man private investors, e uities in general have been tainted b the teinho and aspers problems that to date have cost shareholders more than billion, whereas the prospects for the residential rental market are improving thanks to better than e pected economic growth last ear , instead of the forecast b ational reasur , a marked improvement in consumer and business confidence since the appointment of ril amaphosa as outh frica’s new president, a stronger rand, and falling in ation and fuel prices, which will alleviate the e ect of the hike announced in the recent ational udget speech ven better, figures from automated rental pa ment platform a rop show that salaries increased b an average of in , compared with an average decrease of in ccording to the most recent ankserv frica figures, the actual average take home pa in outh frica is now a month
SA REITS 12-MONTH PERFORMANCE TO 31 JANUARY 2018 Figure 1 Accelerate Arrowhead Delta Prop Dipula A Dipula B Emira Equites Fairvest Fortress A Fortress B Gemgrow A Gemgrow B Growthpoint Hospitality Hyprop Indluplace Investec Prop Liberty2D Octodec Rebosis Redefine Resilient SA Corporate Safari Stor-Age Texton Tower Vukile
-7.6% -16.2% -12.2% 13.4% 2.6% 13.7% 37.9% 25.4% 11.0% -9.4% 6.7% 7.8% 13.8% -8.1% 2.4% -4.8% 17.2% -14.6% -11.7% -9.7% 6.0% 3.9% -4.5% 5.0% 28.3% -14.9% -9.6% 20.2%
-20%
-10%
0%
10%
20%
30%
40%
50% Sources: Bridge Fund Managers
his will mean some improvement in a ordabilit and demand from prospective tenants, and should also lead to a decline in rental delin uencies urrentl , according to specialist credit bureau , some , of tenants nationall are defaulting on their rent each month, , are making onl partial pa ment and , are pa ing late he percentage of tenants pa ing in full and on time is rising and currentl stands at , rospective investors do need to be aware, however, that these percentages can var widel across regions and according to the rental value band, with the best pa ers being in the to a month rental band, and the estern ape having the lowest regional delin uenc rate In addition, notes ndrew chaefer, of national propert management compan rafalgar, a ordabilit remains a problem overall, and especiall in the s and inner cities, where vacanc levels rose sharpl last ear and are now sitting at around see figures and he main problem, sa s reg arris, of has veritt ropert
VACANCY RATES BY RENTAL VALUE BAND Figure 2
THIRD QUARTER 2017
VACANCY
GOOD STANDING
MARKET SHARE
entals, is the heav debt load that most outh frican consumers are still carr ing, with appro imatel of households’ gross income going to debt repa ment and housing costs, and this means landlords cannot anticipate the annual to rental increases of the past Indeed, the a rop annual report for shows that while the weighted average national rental for the fourth uarter of was , compared with the ear before, the national average rental increase in the last uarter of the ear was just , ear on ear evertheless, rental in ation will probabl continue to outpace house price in ation this ear and continue the gradual increase in the average gross ield on rental propert that has been taking place since the end of his will be attractive to investors who feel more comfortable with bricks and mortar than with listed propert and those who need bank loans to purchase their investments, and could well lead to a mild increase in bu to let purchasing later this ear
PERCENTAGE OF RENTAL TENANTS IN GOOD STANDING BY MAJOR PROVINCE Figure 3 95%
89.26%
90%
86.92%
85%
< R3 000
7.07%
73.50%
21.98%
R3 000 – R7 000
5.31%
85.71%
53.29%
75%
R7 000 – R12 000
5.36%
88.40%
17.56%
70%
R12 000 – R25 000
8.01%
86.60%
5.67%
> R25 000
17.95%
80.56%
1.50%
83.47%
80%
82.75% 82.11%
65% 60% 2008
National
Sources: TPN Credit Bureau
2009
2010
2011
Western Cape
2012
2013
Gauteng
2014
2015
2016
KwaZulu-Natal
2017
Eastern Cape
Sources: TPN Credit Bureau
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P R O P E R T Y
P O R T F O L I O
WESTCLIFF
offers from R26 m HOUSE. Sheer Comfort, Absolute Tranquility, Astonishing Views! Positioned on the slopes of the Westcliff ridge, this 6000m²+ property offers elegant receptions flowing to the full width covered terrace and the heated, rim flow pool with views to the Magaliesburg and beyond. The authentic Provencal kitchen accesses a spacious and stylish family/TV room leading to the terrace. 6 Bedrooms-en-suite includes luxurious master suite with dressing room. Two Studies. Magnificent wine cellar and tasting rooms with cantilevered deck. 3 Staff Suites, 5 Garages and two cottages. With a host of additional features too many to mention, this property offers a once-in-a-lifetime opportunity to acquire one of Johannesburg’s ultimate homes. Asking R28m.
Web ref: 13589464
For an exclusive appointment to view call Dee Scholtz: 083 458 3660 / 011 463 0155.
BRYANSTON
R17.95 m ESTATE. CHATEAUX BELLA ROSE - An exquisite French inspired chateaux set within a small exclusive Estate and on over 2700m² of manicured grounds. Offering fastidious attention to every detail and exacting workmanship, this magnificent home (1000m² u/r) offers an impressive entrance spilling to the entertainer's covered patio overlooking terraced formal rose gardens and numerous water features. Cocktail bar and other receptions flank the patio and offer wonderful indoor / outdoor entertainment flow. Gourmet social dine-in kitchen with top integrated appliances and fireplace. 5 Double bedroom suites, main with lounge, private study and spa facilities. Indulgent pyjama lounge and additional fully contained separate cottage containing kitchen, lounge / dining and bedroom suite. Lux staffing for 2, garaging for 5. Superb security.
Web ref: 13470702
To view call Sole agents Colin: 076 536 1529 or Regan: 082 320 6464 / 011 463 0155.
HYDE PARK
asking R15 m HOUSE. Perfectly positioned in a gated cul-de-sac, this is a most elegant refined home of delightful proportions. Everything for the discerning purchaser who seeks quality of life. Extremely gracious reception rooms and 3 / 4 wonderful bedrooms, with his and hers dressing rooms. An exceptional terrace and lush wrap-around garden with charming aspects from inside. Perfect indoor-outdoor flow. Entrance courtyard with water feature, marble flooring, UFH, shutters, cold room, wine cupboard, sprinklers, four garages, four staff rooms, salt pool. Very tight security. Generator. This is something special!
Web ref: 13595289
For an appointment to view please call Sole agent Meg Dyker: 082 568 0863 / 011 463 0155.
BRYANSTON
from R14.95 m (VAT incl) ESTATE. Brasfort Park. A brand new contemporary home set within an elite security estate of upmarket homes in Bryanston East. Boasting a fluid-layout with expressive open plan spaces, the volume entrance spills to 4 spacious receptions all opening to the entertainer’s patio with concertina doors. Gourmet social kitchen with sep catering kitchen/scullery, 5 Double bedroom suites, magnificent modern bathrooms plus study nook and pyjama lounge. Lux staffing and garaging for 3.
To view call Sole agents Regan: 082 320 6464 and Colin: 076 536 1529 / 011 463 0155.
Web ref: 13596146
www.hamiltons.co.za
S T R A I G H T TA L K
WAT E R O N D I S P L AY From Cape Town’s drought to Rome’s extravagance TEXT Patrick Cairns PHOTOGRAPHS iStock by Getty Images, supplied
I
have not had a bath in more than two years. If anyone asks about Cape Town’s water restrictions, that’s what I tell them. Given these circumstances, it’s not surprising that any kind of trip outside of the city assumes an additional novelty. On a recent trip to Rome, I was as excited about having a hot soak as I was about visiting the Colosseum. As it turned out, I should have prepared better. My hotel room had only a shower. Still, coming from a drought, one notices things that, at another time, may not be quite so compelling. Although the guidebooks hardly focus on it as a selling point, any Capetonian who visits Rome will be taken by just how much water there is. The city is studded with fountains both grand and small. You also never need to buy bottled water in Rome because potable water flows out of numerous drinking fountains on the streets. This Roman affiliation with water goes back to the beginnings of the city. The founding twins of Roman mythology, Romulus and Remus, chose the area because it was rich with flowing springs. They themselves arrived at the spot as babies carried in baskets on the river Tiber.
Emperor Nero built part of his magnificent golden house, or Domus Aurea, on the area that today overlooks the Colosseum. Back then it was not the huge amphitheatre onto which his guests gazed but an enormous manmade lake. In all of the great Roman palaces that now lie in ruins on the surrounding hills it is evident where fountains stood as the centrepieces of the courtyards. Today, the spectacular Trevi Fountain is still fed with spring water, brought to the city by an aqueduct originally built in 19BC. So are the fountains in the Piazza Navona, including Bernini’s glorious Fountain of the Four Rivers. Back in Cape Town, all of the city’s fountains have been turned off. Water features in people’s homes and gardens stand empty. Returning to this dry environment, one appreciates all the more why Romans wanted to have water all around them. There is a life in those fountains that cannot be conveyed by anything else. Of course, in a shortage as severe as we are currently experiencing in Cape Town it makes sense to turn things off, but I hope that when the rains come it won’t be seen as a waste to turn them back on. They enrich and comfort and heal, and it would be worth sticking to 90-second showers to have water on display in the city again.
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A AD DV VEERRTTO ORRIIA ALL
TOWARDS GREENER BUILDINGS Urban property developers Blok works on the premise that nature is telling us to be more e cient
T
he drought currently affecting parts of South Africa is making us aware of what a scarce and precious resource fresh water is, says Jacques van Embden, Managing Director of Blok. “Moreover, it is an opportunity to grow our cities in a more environmentally conscious way. “We as urban property developers have an obligation to find processes and technologies that will help us refine the way we do business and the impact we have on our environment.” To this end, Blok is adapting construction methods and introducing design elements in its urban homes and buildings that lessen the impact on the environment and at the same time conserve water and energy. “These are in addition to the already efficient glazing, water-heating and smart energy products and appliances we always include as basics,” says Van Embden. Water-wise features in Blok’s latest development, EIGHTONN in Sea Point, include a borehole connection, water-filtration tanks, a rainwater-harvesting system and storage tanks for reserve water, along with a solenoid-actuated valve to alternate the development’s supply from municipal to rain or borehole water depending on what is available.
FOR MORE INFO blok.co.za
Blok is also paying close attention to everything it installs in its homes, from the sanitaryware to appliances. For instance, showers have been made more water-efficient by using AirPower technology, which aerates taps to reduce consumption by up to 60%, and dishwashers and washing machines feature water-saving mechanisms. Currently, Blok is using non-potable treated wastewater in the construction of three new developments, NINEONS, TENONQ and FORTY ON L, and plans to do so for the soon-tobegin EIGHTONN. This is sourced from the City of Cape Town’s wastewater-treatment plants and delivered to site via water tankers. Some sites also use borehole water, in compliance with the current water restrictions. Several sites, as well as construction warehouses and workshops, have been equipped with rainwater-harvesting tanks capable of storing up to 10 000 litres. In addition, potable water sourced from Blok’s own desalination plant in Woodstock will be used on site. “Conscious design and construction are essential, not only for future-proofing people’s homes but also for addressing the way our city grows,” says Van Embden. “As urban property developers we have to be responsible about how we contribute towards this growth.”
PROPERTY INVESTMENT
South African developers are turning to building sustainability as a key sales opportunity and the right thing to do for the planet; hereâ&#x20AC;&#x2122;s a look at some of the leading consultancies and buildings in this area
The main lobby of Sasol Place, designed by Paragon Architects. The Green Star rated building has an indigenous rooftop garden, a fitness centre, several restaurants and an art gallery.
CHASING
TEXT Georgina Guedes PHOTOGRAPHS Supplied
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PROPERTY INVESTMENT
S
outh Africa is an emerging leader in the global green building movement, according to the World Green Building Councilâ&#x20AC;&#x2122;s Annual Report 2015/2016, with of local firms reporting that the e pect more than of their projects to be green b In December 2017, the Green Building Council of South Africa (GBCSA) announced it had reached the milestone of certifications on frican soil at the time of going to press, the had achieved he certifications amount to billion of propert greened aken together, these buildings, sites and developments save enough energ to power the e uivalent of about households and provide the dail drinking water needs for people ever ear heir carbon emissions savings are the e uivalent of taking cars o the road ever ear he is blessed to have close to members who clearl understand the benefits of and need for green building, sa s orah odise e applaud all of these companies who remain committed to their sustainabilit journe s and acknowledge the obvious financial benefits of green building in a challenging economic climate reen tar is a voluntar environmental rating s stem that evaluates the environmental design and construction of buildings reen tar tools have been developed to provide the propert industr with an objective measurement for green buildings and to recognise and reward environmental leadership in the propert industr
he th building that was certified was eppe ark rimar treetlight chool in ohannesburg It received a tar reen tar Interiors rating, showing that not onl a uent individuals or big developers can create sustainable spaces treetlight chools is an innovative low cost primar school model that focuses on en uir , collaboration, e ploration, relevance and use of technolog to teach and learn he pursuit of green building certification was born out of the fact that we were alread incorporating man principles of sustainabilit in the schoolâ&#x20AC;&#x2122;s interior fit out, and it allowed us to include man more initiatives into the design, particularl around improving the indoor environmental ualit to create a better learning environment, sa s elanie muts, and ounder of treetlight chools olid reen onsulting became active in the earl stages of the project b contributing its e pertise to have the school reen tar rated, leveraging its network of suppliers for donations of materials, and donating financiall arren ra , partner at olid reen, sa s the intention is for the compan to continue its involvement in the initiative as the model is replicated and rolled out eppe ark rimar is the first school in outh frica to appl for a reen tar rating , he sa s ecause of this vision, the innovative educational model, and the fact that the school will be a living laborator for green education and construction in the same space, people have been ver willing to donate materials and professional e pertise
Jeppe Park Primary Streetlight School in Johannesburg was the first school in Africa to receive a 4-Star Green Star rating.
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Alice Lane Phase III is a mixed-use development in the heart of Sandton, with a 4-Star Green Star SA Office v1 Design rating. It was developed by Pivotal Property Investment Fund and Abland, and designed by Paragon Architects.
THE FINANCIAL CASE FOR GREENING Green building is good not only for the environment but also for the bottom line. According to Hugh Fraser, architect and media manager at Paragon Group, tenants are now demanding that buildings are either Green Star rated or at least designed according to sustainable design principles. “We are moving from a period of ‘nice-to-have’ to ‘non-negotiable’ sustainable design,” he says. “Fortunately, this mindset is changing fairly quickly.” There are a number of design interventions that can be made early on with minimal cost that will have immediate benefits, such as installing LED lighting, motion detectors on lights, rainwater tanks and grey-water recycling systems. However, Hugh cautions that “green” design can be “a law of diminishing returns as one approaches high-cost benefits for perhaps a reduced recover , as for example with high-performance glazing. Every aspect requires input from a specialised designer.” Another factor that clients need to consider is that a “green” rating increases a building’s value. “Certainly, a Green Star-rated building, or at least a sustainably-designed building, would increase its value, because running costs are likel to be lower It is more di cult to convince a client to convert from 4-Star Green Star to 6-Star Green Star, but fortunately there are enlightened clients out there,” Hugh says. etrofitting or refurbishing e isting buildings for sustainable purposes poses a challenge, as some elements are integral to the construction, such as oor and wall insulation.
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GREEN BUILDING CONSULTING When aiming for a sustainable build and a Green Star rating, many developers turn to certified consultants who know how to implement the measures and use the ratings tools. One such consultancy is Aurecon, which was the first compan to have reen tar rated buildings certified in outh frica last year. As a provider of environmentally sustainable design and related engineering solutions, urecon has collaborated with the on the development of various ratings tools to help guide developers, clients and professionals to a more sustainable practice. nother firm that has had success in this area is colution onsulting Its agship project, Hotel Verde, Africaâ&#x20AC;&#x2122;s greenest hotel, became the first hotel in outh frica to be reen tar rated in his led to the reen tar certification process that resulted in a tar certification for isting uilding erformance he certification was a pilot through which colution assisted in refining the evaluation tool to make it more applicable to all types of building.
IT MAKES GOOD BUSINESS SENSE TO INVEST IN
r enewa b le ENERGY AND WATER HARVESTING anfred raune, chief technical o cer of the
Aureconâ&#x20AC;&#x2122;s office building in Century City, Cape Town, was the first building in South Africa to be awarded a 5-Star Green Star SA Office Design v1 rating by the Green Building Council of South Africa.
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GREENING RETAIL In 2017, the Woolworths Palmyra store in Claremont, Cape Town, became the first retail outlet in outh frica to achieve a tar rating, using the ’s isting uilding erformance ustom enant rating tool he store set the benchmark within the oolworths propert portfolio, meeting the re uirements for a platinum rating of the oolworths eal state ivision’s own green assessment programme, which is independentl audited once a ear ow rated b the , the store has been verified as outh frica’s greenest retail tenant environment eatures include automated doors to help maintain the interior temperature, reclaimed heat from refrigeration and air conditioning used for under oor heating, harvested rainwater used to ush toilets, a 2 refrigeration s stem, sk lights that optimise sunlight, and full automated lighting that
guarantees no energ is wasted when there is enough natural light his is not just about doing the right thing, although that is, of course, vital in the face of local and environmental challenges, sa s anfred raune, chief technical o cer of the It also makes good business sense to invest in renewable energ and water harvesting, and using innovative energ and water saving practices In the ear before, oolworths had made its single biggest investment in sustainabilit with the installation of a million solar s stem at its idrand distribution centre, which resulted in between and of the centre’s energ being generated from a clean, renewable source e will continue to reduce our climate change impact b adopting and implementing green building practices across our business, sa s ustin mith, oolworths’ group head of sustainabilit
ABOVE AND BELOW The Woolworths Palmyra store in Claremont was the first retail outlet to achieve a GBCSA 5-Star rating, and is verified as South Africa’s greenest retail environment. It uses natural gas refrigeration, heat reclaimed from the fridges is used for underfloor heating, and energy-efficient LED lighting is installed that adjusts automatically to natural light, among other energy-saving measures.
PROPERTY INVESTMENT
The hotel rooms and apartments of The Capital Menlyn Maine in the green Menlyn Maine precinct in Pretoria East overlook the Central Square with its upmarket shops and restaurants.
SUSTAINABILITY EXPANDING TO ENTIRE PRECINCTS Menlyn Maine, currently under construction by WBHO, is a green megadevelopment in Pretoria East, with a public piazza at its centre, surrounded by public open parks for displaying art and landscaping. The development is serving as a kind of urban laboratory to test the viability of certain sustainability interventions for large-scale development projects. The aim is to achieve close to zero operational emissions and pave the way for other big urban projects that will reduce greenhouse gas emissions in an economically viable manner. Menlyn Maine is on its way to becoming a totally green city with international accreditation. With a precinct design based on LEED for eighbourhood evelopment certification, all buildings in the enl n Maine precinct will be at least 4-Star As-Built Green Star SA rated. It is the first green cit precinct in frica, and one of onl such initiatives supported by the Clinton Climate Initiative in the world. “Modern trends in development and construction focus predominantly on issues relating to sustainability,” says Nicholas Stopforth, managing director of Amdec Property Developments, which is responsible for Melrose Arch in Johannesburg and Harbour Arch in Cape Town. “Residents and investors want to know what is being done to reduce
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impact on the environment.” He says everything about development today is about sustainability and energy-wise innovation, water-saving technology, heat-reducing aspects, and so on. “And when you use sustainable technology, you also reduce the cost of occupation long term and obtain a competitive edge.” Sustainability and eco-friendly innovation is a key focus area of Amdec’s developments, with green building initiatives including refuse recycling, water-saving devices, low-energy LED lighting and rainwater harvesting. With water scarcity being the new normal for South Africa, developers must be implementing water-wise strategies from the ground up. Harbour Arch, for example, has been designed to harvest rainwater to reduce the load on municipal supply. here’s huge benefit in e ecuting water saving measures at the construction stage rather than retrofitting ot onl is it better to have systems in place at the start, but it also saves money in the long run,” Nicholas explains. Recycled water - either rain-harvested or grey water – will be used for ushing, gardening and landscaping “Ultimately, we need to reduce our impact,” Nicholas says. “It’s better for business, and it’s better for the planet.”
PROPERTY INVESTMENT
A FOCUS ON WATER SUSTAINABILITY Many developers are working towards sustainability without having gone through the Green Star rating system. In particular, with the Western Cape water crisis front of mind, many residential and commercial developments are focusing on a sustainable water supply. rabella ountr state, a lifest le and golfing residential estate near Kleinmond, has over the past 20 years put in place sustainable plans for water usage and its immediate environment. Its water solution incorporates established boreholes, a water purification plant, wastewater treatment for recycling and re-use, and storm-water harvesting. A recent study by Parsons & Associates Specialist Groundwater Consultants, which has been monitoring Arabella’s groundwater for more than 20 years, showed management and monitoring of the groundwater supply scheme at the estate has had no apparent negative impact. Based on the results of the monitoring from October 1997 to October 2017, it can be seen that Arabella is using its groundwater resource sustainably, this in spite of three successive years of below-average rainfall. “We realised early on that a lack of appreciation for our resources, one being water, would negatively impact the estate’s sustainability and future value,” says estate manager Dirk Uys. “Our aim is to ensure that at Arabella we do our utmost to reduce our demands on the Western Cape’s precious water supplies and keep our estate functioning at the highest standards.” Arabella has consistently over the years been awarded full I ertification, an internationall agreed standard that sets out the requirements for an environmental management system. Urban property developer Blok has also focused on water and energ e cienc in its I development in ea oint his apartment, five store building features water intelligent fittings and energ e cient features ature itself is telling us to be more e cient, and it is with this in mind we have included into the design of the building a rainwater harvesting system and borehole connection and filtration s stem that will connect into water tanks in the basement of the building,” says Jacques van mbden, managing director of lok his is added to the alread e cient gla ing, water heating and smart energy products and appliances we always include.”
ABOVE Arabella Country Estate near Kleinmond has put in place a water solution that incorporates established boreholes, a water-purification plant, wastewater treatment for recycling and re-use, and storm-water harvesting. LEFT EIGHTONN in Sea Point, the latest Blok development, comprises 18 water- and energy-efficient apartments.
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HOW GREEN
TEXT Debbie Hathway PHOTOGRAPHS Supplied
IS MY VALLEY
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Sustainability has been at the heart of al de ie state in the Cape Winelands since its inception
W
hen Val de Vie founder Martin Venter set his sights on replacing a sand quarry with a world class polo field, sustainability was the crux of his vision It was , and only a few experts were warning that water might in future become a scarce resource in the Western Cape. ustainabilit is defined on nvironmental cience org as looking to protect our natural environment, human and ecological health while driving innovation and not compromising our way of life. This underpins the ethos behind al de ie, where a forward thinking management team remains ahead of the curve in meeting this goal. Marketing director Ryk Neethling explains how they’ve moved be ond the literal interpretation of the name, alle of ife, which the ’ve alwa s regarded as a nod to the natural beaut of their surroundings, to the realisation that “life” is actually bubbling below ground level. Investigation into their potential a uifer ield began months ago, resulting in the construction of a filtration plant worth nearl R100 million that will purify the estate’s borehole water for residents’ benefit THINKING GREEN “We’re very fortunate to be in a position to work with the rakenstein unicipalit on this project, which will free up municipal water resources for the community at large that would normally have been channelled to the 1 500 homes on the ha estate, sa s k The irrigation footprint of the Pearl Valley Jack Nicklaus Signature Golf Course has been decreased by one-third over the past season in an attempt to lower water consumption. And an internal awareness campaign has over the past year resulted in a significant decrease in water consumption
CLOCKWISE FROM OPPOSITE Val de Vie Estate takes the lead in sustainable residential development, ranging from energy-efficient solutions to going off the municipal water grid. A private water filtration plant that purifies groundwater from an aquifer has been supplying estate residents with water for household consumption since December 2017.
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on the estate. Smart water meter systems, installed in all homes, provide Val de Vie management with real-time monitoring of daily consumption and help homeowners with leak alarms, and all new homes come standard with plumbing that supports greywater systems. Management’s sustainable development philosophy extends to green buildings, having partnered with Saint-Gobain, world leaders in the habitat and construction markets, to erect homes faster with better insulation, reducing the need for artificial heating in winter or cooling in summer, and Energy Partners, to install home energy systems that draw on solar power. These are just some of the aspects that contribute to Val de Vie’s top ranking among South Africa’s leading residential estates in the AfrAsia Bank/New World Wealth September 2017 survey for the third consecutive year. “With that status comes pressure,” says Ryk, “but it’s not about us saying ‘look how great we are’ – there’s also something about inspiring other people and challenging them and setting a benchmark. It’s about being a responsible developer, not just going in for the profit but leaving the space in a better condition than we found it. Look at the bird, plant and animal life we’ve introduced here. We’re conservationists, in a sense.”
All new homes
COME STANDARD WITH PLUMBING THAT SUPPORTS GREY-WATER SYSTEMS
ABOVE LEFT An environmentally sensitive area comprising 39 ha of protected fynbos spans the estate, adding an element of untouched natural splendour. ABOVE RIGHT Thriving ecosystems at Val de Vie Estate include previously threatened largemouth bass. A great focus is also placed on the conservation of the Paarl-Franschhoek Valley’s indigenous bird species.
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The pin na cle of lu xu r y at the t i p of Af r i ca
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APPOINTING A CONVEYANCER: WHY IT IS A SELLERâ&#x20AC;&#x2122;S CHOICE In property sale agreements, it is the seller that has the right to nominate the conveyancing attorney that will attend to the registration of the transaction in the deeds office. Sellers, however, often take little interest in who is appointed as conveyancer because the purchaser pays the conveyancerâ&#x20AC;&#x2122;s fee.
interest in delaying transfer. A late transfer costs a seller money in lost interest and opportunity cost and, if transfer of the property sold was intended to occur simultaneously with property that the seller has purchased, delays can also cause much anxiety and embarrassment.
However, even though the purchaser finances the transaction costs, the election to nominate the conveyancer rests with the seller because it is necessary to ensure that the process is driven by the party who has the least
Clearly it is not only advantageous but crucial that the seller exercises discretion when appointing a conveyancer to attend to manage the process of the transfer of his home. Ask yourself: Is the conveyancer known and from an
established conveyancing firm? Does the conveyancer have adequate experience? Is the conveyancer prepared to assist with the sales transaction prior to the conclusion thereof? Does the firm have a sound track record? STBB is reputed for their conveyancing expertise and benchmark client service. With 12 offices in South Africa, it is also the largest property law firm in South Africa. So contact us at www.stbb.co.za for assistance in all aspects of your sale transaction, before you sign your agreement.
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COMMERCIAL LAW | CONVEYANCING | CONSTRUCTION LAW DEVELOPMENT LAW | LABOUR LAW | ESTATES | FAMILY LAW LITIGATION | PERSONAL INJURIES & 3RD PARTY CLAIMS
www.stbb.co.za Cape Town 021 406 9100 | Claremont 021 673 4700 | Fish Hoek 021 784 1580 Somerset Mall 021 850 6400 | Stellenbosch 021 001 1170 | Blouberg 021 521 4000 Tyger Valley 021 943 3800 | Illovo 011 219 6200 | Fourways 010 001 2632 Centurion 012 001 1546 | Bedfordview 011 453 0577 | East London 043 721 1234
MORE THAN JUST THE PAPER WORK
B A C K C H AT
HOUSE MUSIC We chat to music producer, DJ and entrepreneur Euphonik, who also juggles various property development and investment interests INTERVIEW Debbie Loots PHOTOGRAPH Supplied
WHERE DID YOU GROW UP? I was born in Nelspruit and grew up in Daveyton and later Benoni. WHO WERE THE MAIN INFLUENCERS IN YOUR CHILDHOOD? Mainly my folks, even though I didn’t know it at the time. I’ve watched them build everything they have from the ground up. The lesson is hard work, dedication and sacrifice for your goals. WHERE DO YOU LIVE NOW AND WHY? I live in Fourways, which is very scenic and is the traffic haven of South Africa. WHAT DID YOU WANT TO BE WHEN YOU WERE A CHILD? All the typical stuff, before I discovered DJing. I wanted to be a doctor or a lawyer. WHAT DO YOU DO TODAY? Music and property – I play house and then I buy house. These are my high-level priorities. WHAT IS MOST IMPORTANT TO YOU? The legacy I leave to the world and my family. WHAT DOES THE WORD “HOME” MEAN TO YOU? Home for me is where all the people and things I love are. It’s my sanctuary. IF YOU COULD LIVE ANYWHERE, WHERE WOULD IT BE? Right now, any of the Balwin properties (balwin.co.za) around South Africa is where I’d love to live. @euphonik
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