ISSUE 46 • AUGUST 2017
GOLD STANDARD
Sublime culinary journeys | Cutting-edge kitchens | A Cape Town city penthouse
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SPECIAL REPORT DEVELOPMENT OPPORTUNITIES IN CAPE TOWN AND JOBURG
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Y O U C O M PA R E
YOUR LIFESTYLE OR OURS? YOU DESERVE TO LIVE ONE OF THE BEST LIFESTYLES IN AFRICA.
OSBORN RD
M1
HOUGHTON GOLF CLUB
2ND AVE
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Come and view our luxury apartment 12029. Available daily for viewings
WARREN BECKER 082 302 3004 | warren@thehoughton.com
Houghton on 12th, 53 Second Ave, Houghton
ALAN BECKER 082 718 8100 | alan@thehoughton.com
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CREATIVE GROUP
“After a busy day in the kitchen, there’s nothing better than coming home to a glass of wine on my patio… And the best view in Joburg.”
“My head office is in Joburg so I have to commute at least three times a month… I wanted a lock-up-and-go second home with security, reliable electricity and a concierge. The Houghton ticked all the boxes.”
“I always thought I’d want to retire to the coast, but living at The Houghton feels like being on holiday all the time.”
– Restaurateur
– Durban Resident
– Retired Lawyer
TOP FINISHES
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SECURITY
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AAA INVESTMENT
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SURREAL VIEWS
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ALL EN-SUITE
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STOCK LIMITED.
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Debbie Loots, editor, REAL ESTATE
CONTENTS
14 09 WORD ON THE STREET
Things to see, trends to spot and places to be
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14 LA DOLCE VITA
Combine gorgeous classic cars and champagne at Concorso d’Eleganza Villa d’Este in Italy
18 THE WEALTH REPORT
Old Castle Brewery, 6 Beach Rd, Woodstock, Cape Town, 7925 estatemagazine.com | 087 828 0423 | 021 447 7130
MANAGING DIRECTOR: THE CREATIVE GROUP Terence Hewitt | terence.hewitt@thecreativegroup.info
EDITORIAL TEAM
Why the super rich buy and collect luxury assests
20 NATURAL HIGH
This penthouse in Cape Town’s CBD offers a unique location and unparalleled views of Table Mountain
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Editor Debbie Loots | debbie.loots@thecreativegroup.info Creative director Leah de Jager Deputy editor Julia Freemantle Copy editor Kirsty Wilkins Group digital editor Lauren Joubert Accounts and finance Katrien Bezuidenhout Printing Paarl Media Contributors Patrick Cairns, Lauren Groenewald, Georgina Guedes, Richard Holmes, Genevieve Putter, Andrew Shirley, Terence Steenkamp
ON THE
COVER
34 DECADENT DELIGHTS
When it comes to dining out, what’s in your glass is just as important as what’s on your plate
ADVERTISING SALES Michèle Jones | Group sales and marketing manager michele.jones@thecreativegroup.info | 084 246 8105 Yvonne Shaff | Business manager shaffy@timesmedia.co.za | 082 903 5641 Letitia Louw | Senior key account manager (lifestyle) louwl@timesmedia.co.za | 083 454 1137 Gina van der Wall | Senior key account manager (lifestyle) vdwallg@timesmedia.co.za | 083 500 5325 Susan Erwee | Senior key account manager (property) susan.erwee@thecreativegroup.info | 083 556 9848 Jimmy Balsaras | Senior key account manager (property) jimmy.balsaras@thecreativegroup.info | 083 387 2227
41 HOT PROPERTY
Inspiring design and architectural trends that shape the future of property here and all over the world
51 A TALE OF TWO CITIES
Inner-city investment in Cape Town and Johannesburg
ADVERTISING BOOKINGS AND SUBMISSIONS Jackie Maritz | Advertising coordinator jackie.maritz@thecreativegroup.info | 078 133 5211 Love the environment! Please recycle this copy of REAL ESTATE after you have read it.
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27 DIVINE INTERVENTIONS
Intelligent design, sophisticated finishes and dramatic colour combinations for your kitchen upgrade
60 BACK CHAT
Property development entrepreneur Lynette Ntuli on the place she calls home
COVER IMAGE Justin Patrick PHOTOGRAPHS Ruvan Boshoff, Melanie Cleary, Justin Patrick, supplied
PUBLISHED BY THE CREATIVE GROUP FOR BLACKSTAR PROPERTY PUBLISHING
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.
t’s August. It’s finally raining in the Cape and there’s a chill in the air everywhere else, even when it’s sunny. So why don’t you pour yourself a little something and sit down in front of the fire? I want to take you on an imaginary journey. It’s summer in Italy. The Concorso d’Eleganza Villa d’Este classic car show is on, and you’re strolling among the world’s most collectable cars, and afterwards join in a little decadent tasting of champagne and oysters. Now imagine you’re back home and walking into your dream kitchen. One where technology and cutting-edge design meet to create a sense of the divine. Here you sit down for a spot of tea, wine, beer or even water. But it gets interesting – some top chefs and sommeliers invite you to pair your drink with a special selection of unusual foods. Afterwards, you take to the open seas for a sailing adventure on your private yacht, then go for a spin in a collector’s McLaren F1, leaving fresh snow on the branches of pine trees in your wake. Brushing off the cold flakes, you suddenly walk through the airy spaces of a penthouse apartment in Cape Town, where you experience the magnificence of Table Mountain from every single room, only to, minutes later, stand in the centre of Johannesburg, feeling the exhilarating grittiness of unexplored territory, ripe for the investment picking. Finally, you meet a special woman, an entrepreneur who has forged herself a way in the world of business where only the brave dare to tread. Well, on that note, my time is up. But your journey doesn’t have to end here. Just turn the page.
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5 CUSTOMERS STAND A CHANCE TO WIN A RANGE OF KITCHEN APPLIANCES WITH ANY GRUNDIG PURCHASE TO ENTER: SMS “GRUNDIG”• YOUR NAME • THE STORE NAME AND TOWN • YOUR RECEIPT/ TAX INVOICE NUMBER TO 33110 Visit www.facebook.com/grundig.za/ for more details. Competition valid from 15 June - 31 August 2017. Winners announced 15 September 2017. *Terms and Conditions apply.
WORD ON THE STREET THINGS TO SEE, TRENDS TO SPOT AND PLACES TO BE
Flying the flag
DESIGN
The Guild Group’s stunning new flagship space in Cape Town’s Silo District is a shrine to African artisans. The 450m2 venue houses a concept store, an in-house studio and a gallery. The GUILD Store will carry a unique selection of products from fine art to fashion. GUILD Studio sells contemporary furniture by South African designers, leading with an in-house range by The Guild Group’s CCO Julian McGowan. Finally, Southern Guild gallery will continue to offer curated exhibitions and solo presentations. theguildgroup.co.za
INDUSTRIAL DESIGN St Leger & Viney has moved into new headquarters after two decades at its former Kramerville address. Its new 1 500m2 showroom, also in Kramerville, is based in what was a warehouse. The space is inspired by New York’s Meatpacking District and was designed to show off the company’s brands to best advantage. In addition to the showroom setup for fabric and wallpaper, it features curated displays by designer Peter Gordon. stleger.co.za
Current affairs Celebrating the vibrant colours and rich diversity of Africa, this Zambezi limited edition couch is a serious statement piece. It combines elements from the different fabrics in the new Zambezi Collection, laid out by the design team and hand-painted by Ardmore artist Sidney Nyabeze. ardmore-design.com
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LIFESTYLE
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Perfect 10
Maboneng is known for its cool bars and galleries. But beauty salons are not its calling card, so the opening of Tenfold in The Cosmopolitan building is worth noting. The contemporary space includes natural but luxe touches such as stylish linen armchairs and marble-topped manicure stations. The focus here is on natural nail care and longterm nail health using the best products. But it’s the uniqueness, including great music and personal attention, that will turn you into a regular. tenfoldmm.co.za
POP STAR The Pot Luck Club is currently offering Joburg diners a taste of its signature tasting plates as a pop-up at The Marabi Club, the new underground speakeasy-style jazz bar in Maboneng’s Hallmark House hotel. The David Adjaye-designed destination will host Luke Dale-Roberts and The Pot Luck Club’s head chef Frederico Dias from Thursday to Saturday nights and on Sundays during the day. They will present favourites from the Cape Town branch, as well as new dishes unique to The Marabi Club. thepotluckclub@marabijazz.com
Dressed to impress The Naked Kitchen & Coffee Bar, a new addition to Morningside Shopping Centre in Johannesburg, is an extension of the Naked Coffee brand by Shaun Els and Victor Barbosa. Tristan du Plessis from Studio A, who’s known for his edgy, high-end spaces, designed the deli. The brand is about celebrating an artisanal product, so Tristan focused on custom-designed details from handmade emerald green tiles to leather and brass light fittings. 011 883 0291
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In good taste
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Rare Earth’s latest hotel, The Old Rectory in Plettenberg Bay, dates back to 1777, making it the oldest building in the coastal town. The national monument has been restored in line with Cape Dutch architecture (one of many eras it’s lived through), with existing features such as yellowwood floors and trusses giving it a unique charm. The 18 suites are grouped in three blocks separate to the original heritage building, which houses the reception and restaurant areas. Interior designer Merylle Legh chose a flora and fauna theme inspired by the hotel’s location and beautiful Garden Route vegetation. She combined traditional furniture and contemporary fabrics to bridge the past and the present, and raise it to the level of a five-star hotel. It’s exclusiveuse restaurant and spa will ensure that guests don’t go far for refreshment and relaxation. rareearth.co.za
FINE FOOD FAST Feel like a quick lunch or dinner prepared by internationally renowned chef Jenny Ward? It’s easy: check out Chefs in Cape Town’s website, order from their delicious three-course menu, which is updated daily, then pop in for your tailor-made fine dining experience. We did. And we highly recommend the hearty lamb stew, paired with a glass of Malbec Cab Franc from Stellenbosch, and the crunchiest, creamiest crème brûlée to finish things off. chefscapetown.co.za
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LIFESTYLE
TEXT Julia Freemantle, Debbie Loots PHOTOGRAPHS Adriaan Louw, supplied
The newly revamped MCC Krone Tasting Deck and Tasting Room in Tulbagh, part of the Twee Jonge Gezellen homestead, was sensitively restored by siblings Abigail and Sven Rands, and is a celebration of contemporary art, sculpture and collectible design. Project director Tracy Lynch of Studio Lee Lynch focused on South African furniture and design for visitors to enjoy pieces by the likes of Gregor Jenkin, Wiid Design and Meyer Von Wielligh. Sample complimentary tastings of Krone’s one-vintage-only MCC on the raised deck with views over the picturesque valley to Winterhoek, Witzenberg and the Obiqua Mountains, or inside the Tasting Room with its dramatic picture window onto the cellar. tweejongegezellen.co.za
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LA DOLCE VITA Celebrating pomp, ceremony and facelifts (in more ways than one), the world’s most glamorous classic car show, Concorso d’Eleganza Villa d’Este, transforms the shores of Lake Como into an automotive wonderland TEXT Terence Steenkamp PHOTOGRAPHS Supplied
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orenzo Ramaciotti, chief designer at famed Italian coachbuilder Pininfarina for 33 years and lead jury member, pores over the details of the 1930 Duesenberg J Convertible Berline’s 6.9-litre inline-eight engine. Brought to this ultraglamorous setting by Ion Tiriac, erstwhile Romanian tennis pro and Boris Becker’s former manager, the cream-coloured luxury drop-top glistens in the sweltering sunlight on Saturday, day two of Concorso d’Eleganza Villa d’Este next to Italy’s Lake Como. Once owned by prolific American actor Tyrone Power, this Berline is one of only 481 Model Js built. The jury members accompanying Ramaciotti (there are 12 in total and they’re decked out in striking pastel-hued fabrics, wide-brim hats and oversized shades) appear to like the Duesenberg, taking notes, shining a flashlight into the depths of the gargantuan engine bay and cracking the occasional wry smile. Ion beams as he fires up the engine – the vehicles at Villa d’Este are judged on their originality, appearance and provenance as much as they are for their mechanical integrity – and revs it a few times before it slowly dies down again. This is a big deal. If the Berline is awarded Best of Show by the Jury – the main prize at the three-day Concorso alongside Best of Show by Public Referendum (the names indicate how
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seriously these awards are taken) – Ion’s all-consuming commitment to classic-car motoring has not been in vain. Not to mention what such an honour would do for the car’s value. WORLD-CLASS VINTAGES The following day, the Berline would win the trophy for best car in its class but not the main prize. That honour belongs to a 1957 Alfa Romeo Giulietta SS Prototipo, the understated but gorgeous result of a partnership between Alfa and Bertone. Striking a stylish pose next to the delicate SS is Giovanna Scaglione, the daughter of Bertone’s chief designer at the time, Franco Scaglione (regarded by many in the industry as one of the all-time masters of automotive styling). The jury appreciates the part the Giulietta’s played in the origin of the production Sprint Speciale. Saturday is the most crucial day at Concorso. The jury assesses all the cars across eight classes that delineate them according to style, era and size, such as Class G, “Little Toys for Big Boys” – the one in which the Alfa features. Concorso also hosts some of the world’s most famed car collectors. Some haven’t brought their wares here this year – only 52 classic cars are entered – but deals are clinched over decadent lunches washed down with champagne inside the centuries-old Renaissance Villa d’Este – and sometimes in the parking lot, which unintentionally
morphs into a classic car show of its own, considering how many visitors drive their wonderful vintage vehicles to the event. UNDER THE HAMMER For the gambling men and women, RM Sotheby’s auction on the Saturday late afternoon is hosted at Villa Erba next door (although “next” – considering the villas’ extensive grounds – is a distinct misnomer). There’s an excited energy in the air. Will the fabulously named 1928 Mercedes-Benz 680 S Torpedo-Sport Avant-Garde by Saoutchik hit its estimate of €8 million (about R121 million) and how will bidders react to the dusty, grubby – it’s still covered in the factory-applied, protective cosmoline – 1993 Porsche 911 Carrera RSR 3.8 with a mere 10km on the clock? To rapturous applause from the now well-lubricated crowd, the Benz ultimately sells for a relatively disappointing €5.05 million (about R75.7 million), despite its undoubted pedigree. A few minutes later, a group of three elderly women giggle as one repeatedly bids on an astonishingly pretty 1948 Talbot-Lago T26 Grand Sport Cabriolet by Franay. It sells for more than a million (about R15 million), but to a man with a stomach as well fed as his bank account. The women seem unfazed and sip more champagne. The 24-year-old Porsche? The gavel falls at €2.016 million (about R30 million), proving that not all expensive classic cars are old ones.
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BREAKING RECORDS Back at Villa d’Este, as iva speedboats flit the tanned guests between d’Este and various villas of their own, the distinctive one-cylinder beat emanating from a petite racing car has everyone doing a double take. There are some valiant attempts all round at pronouncing the little vehicle’s name – Lurani Nibbio – but it’s late in the afternoon and the sun, seared salmon and champagne have taken their toll. The Lurani’s owner, -something Federico ttsche Bebert, tells me the vehicle was fashioned by the eighth count of Calvenzano, Federico’s grandfather iovanni Lurani Cernuschi, a man with a prodigious appetite for life and cars . In 1 , the count and the Nibbio set four world records – including being the first automobile with a half-litre engine to pass 1 km h. Four years later, after coachbuilder Carrozzeria iva optimised the aerodynamics, it nabbed another eight. And then six more in 1 4 . emember that Best of Show by Public eferendum prize I mentioned earlier? Federico happily accepts it on behalf of the Nibbio hours later. TURNING UP THE CHARM Like any beauty pageant, not every entrant is classically beautiful rather, striking features are integral to their charm. At least, that’s what I prefer to think when I first lay eyes on the 1 4 Fiat 11 . oggle-eyed like the most pedigreed pug, the minute Italian roadster elicits gasps from the showgoers. Owner David Word from the S is all too happy to share its story. This exact vehicle – a one-off – took part in the 1 4 Concorso, where it placed second in its class. It doesn’t enjoy the same success this year but it’s certainly the vehicle that has everyone smiling. There are other notable participants, of course. Some because of their colour – honour goes to the pea-green, or Verde ermoglio, 1 Ferrari T 4 Berlinetta Boxer – others because of their size, such as the 1 Osca MT4 that looks like it could fit on the rear seat of the Duesenberg. Some simply because they’re lovely to look at like the 1 Mercedes-Benz SL ullwing, which recently underwent a painstakingly detailed restoration, complete with leather-trimmed luggage that perfectly fits the snug cabin. My favourite, though? A 1 Mercedes-Benz 4 Cabriolet A. To hear the rumble of the inline-eight echo across the manicured lawns as the jury scrutinises the engine bay leaves a strong impression.
LIKE ANY BEAUTY PAGEANT, NOT EVERY ENTRANT IS CLASSICALLY BEAUTIFUL; RATHER, STRIKING FEATURES ARE INTEGRAL TO THEIR CHARM
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WRITER’S FAVOURITE The 1938 Mercedes-Benz 540 K Cabriolet A
CLOCKWISE FROM TOP Futuristic cars were also featured, such as this 2016 Renault Trezor; the crowds were as glamorous as the cars – in this case, a 1955 Lancia Aurelia B24 Spider; period dress was all the rage, as demonstrated here by Luca Bertolero, the owner of a 1960 Abarth 1000 Bialbero Record; winner of the Best of Show by Public Referendum, the 1935 Lurani Nibbio, and its owner, Federico Göttsche Bebert; two classics that had the crowds lining up for a peek, a 1958 Maserati 300S and 1939 Mercedes-Benz 770 Cabriolet D; the overall winner of the Concorso was the petite 1957 Alfa Romeo Giulietta SS Prototipo OPENING SPREAD The stately grounds of Villa d’Este on the shores of Italy’s Lake Como play fitting host to the Concorso each year; the 1929 Bentley 4 Litre is one of the most famous and valuable British racing cars of all time
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THE EXPERIENCE ECONOMY
Personal enjoyment is the number one reason why the super rich collect and buy luxury assets. But, according to the 2017 Knight Frank Wealth Report, TEXT Andrew Shirley PHOTOGRAPHS iStock by Getty Images, supplied there are less tangible benefits, too
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he visceral thrill of driving a gorgeous classic car. Contemplating the intricate brushstrokes of a painting by one of the world’s great artists. Being dazzled by the flawless gems in a piece of jewellery. These feelings help to explain why personal enjoyment was considered the number one reason why ultra-high-net-worth individuals (UHNWI) collect and buy luxury assets, according to the respondents who took part in Knight Frank’s The Wealth Report Attitudes Survey this year. It’s obvious, really: we buy things that will give us great pleasure. Some of these objects of desire also turn out to be shrewd investments. So it’s no surprise, then, that capital appreciation is now the second most important motivating factor when making a purchase, according to survey respondents. Status was in third place with more cerebral or social benefits close behind, including being part of a like-minded community, intellectual curiosity and becoming an expert. COMMUNITY SPIRIT Buying into a sense of community is an important factor for many of the firm’s clients, says laas Meertens, owner of Oyster achts. This is reflected
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in the enthusiasm of Oyster owners for perhaps the most involved customer-participation event by any seller of luxury assets: a 27-month circumnavigation of the world. More than 30 owners have signed up for the fully supported event that started in Antigua in January 1 and will finish back there in 1 . “We may organise the Oyster World Rally, but with all the friendships found in this exclusive adventure, truly it belongs to the participants. We’re just facilitators,” says Oyster CEO David Tydeman. “Becoming one of the select few to circumnavigate the globe, particularly in the company of others sailing the same class boat, creates a unique bond.” Pier Luigi Loro Piana, deputy chairman of Loro Piana, says he first became passionate about sailing at the age of 18 when he was asked to crew an 11m boat from Genoa to Elba. His boat, My Song, has enjoyed various incarnations since the first version in 1 , each bigger and more advanced than the last. “One of the unique aspects of the sailing community is that it doesn’t seem to matter whether you are sailing a 20-year-old Oyster around the world or spending millions on a 130ft carbon race yacht as Mr Loro Piana has done,” says David. “Sailors are equally passionate about what they think is the best yacht and what they should do with it, and they enjoy changing their minds – I’ve watched wealthy owners cruising a 100-footer and then soon afterwards racing a catamaran half the size.”
AN EGALITARIAN AFFAIR Classic cars are another example where ownership has the potential to become an egalitarian affair, says enthusiast, racing driver and leading London dealer Gregor Fisken. “I’ve had a captain of industry in my showroom who collects Bugattis looking at a car at the same time as somebody of more modest means who collected them in the 1 s. Without the car they had nothing in common, but they became deeply engaged because of their shared passion. Often the car is the icebreaker.” For many collectors, buying a car is about much more than acquiring a vehicle, says Gregor, who strongly believes people should “buy for love, not investment”. His eyes go misty as he tries to convey the joy of participating in the Flying Scotsman, an annual rally exclusively for prewar cars, which this year will run from Slaley Hall in Northumberland to Gleneagles in Scotland. “It’s the adventure, it’s the stories in the bar at the end of each day, it’s the feeling of camaraderie, it’s the intoxicating sense of nostalgia.” More modern cars may not quite evoke such feelings, but certain limited-production models, such as the groundbreaking McLaren F1, are already considered classics and are keenly sought after by collectors prepared to pay more than £10 million (about R170 million) to add one to their collections.
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W E A LT H R E P O R T
OBJECTS OF DESIRE The top five most owned luxury assets
1 Motor yacht
2 Sailing yacht
The sense of community around the model is a crucial part of the attraction.“When you’re purchasing a highvalue item, that desire for a sense of community is important,” says James Banks, head of bespoke cars at McLaren Special Operations. As well as holding track days on some of the world’s leading Formula 1 circuits, complete with instructors who help owners fine-tune their driving skills, McLaren organises lifestyle events in more remote or extreme locations to bring owners together. “We recently returned from New Zealand where we hosted our first Epic Drive event. In January, we hosted our first ice-driving experience in Finland, says James. If we can offer our customers fantastic experiences that deliver a sense of community, it helps us build those relationships.” BETTER TOGETHER Taking a share in a racehorse is perhaps the ultimate example of luxury assets creating a sense of community and shared exhilaration. Harry Herbert, chairman of Highclere Thoroughbred acing, one of the first and most successful racing syndicates – organisations that enable small groups of people to enjoy owning some of the world’s best horses – says some of his members are wealthy enough to buy their own horses but choose to join a syndicate because they relish the experience of enjoying a win with other owners. People love celebrating together. I see that buzz time and time again, he says. I think it’s an almost primeval thing that can become addictive. Some people who have owned their own horses can be a bit reticent about joining a syndicate, which costs from around £7 000 to £50 000 [about R119 000 to R846 000], but once they do they generally wonder why they didn’t do it earlier.”
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BACK TO SCHOOL A sense of scholarship and intellectual curiosity can be another driving force for collectors, particularly those in the art and car world. Gregor Fisken says many of his clients turn into amateur historians, researching the backstory of their cars and their previous owners, and in the process becoming experts on the model and marque. It’s a recognised phenomenon in the world of art, too. ecent high-profile examples include the sale of the late David Bowie’s highly regarded body of art, and Tate Modern’s R a d i c a l E ye exhibition of some of the photographs owned by Sir Elton John, selected from what has been described as one of the world’s greatest private collections. “Most people begin their collections because they have a house to decorate and walls to fill, says iles Huxley-Parlour, co-owner of London’s Beetles & Huxley gallery. “Often they’ll start with a mainstream photographer whose work they know, but then they discover a world of opportunities. They start to educate themselves and they graduate towards works that are more sophisticated.” The process of learning can in itself become a real luxury for some HNWIs, he observes – and it’s one that money alone can’t buy. “Going back to being a student, choosing to learn for the pleasure of learning can be a refreshing process and is often a large part of the collecting experience.” Sharing their collections with the wider public, via loans, gifts to galleries or even joining the growing trend for setting up private museums, is an extension of that scholarship process, says iles. It turns it into philanthropy.” Being able to give something back is yet another example of the benefits that owning luxury assets can bring.
3 Private jet
4 Racehorse
5 Sports team
Source: The Wealth Report Attitudes Survey Note: respondents were asked to rank each asset class based on the likelihood of their clients owning it. This excludes investments of passion
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SHOW HOUSE
The imported Assirelli (assirellidesign.com) Italian kitchen includes clean functional lines, white cabinets, glass, and stainless steel finishes. The blocked wooden bar-stools and panelling add texture and warmth. Large windows provide city and mountain views
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Inner-city living is fast becoming an international trend but few urban hubs can offer a vibrant city experience against the backdrop of Cape Town’s natural beauty, like this CBD penthouse TEXT Lauren Groenewald PHOTOGRAPHS Melanie Cleary, iStock by Getty Images and supplied
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xit the lift from this penthouse’s private lobby and you are greeted by Cape Town’s most famous host, Table Mountain. It’s the main feature, whether you are relaxing in the apartment’s expansive open-plan living area or the en-suite main bedroom with its open fireplace and private dressing room. Step out onto the wooden deck with its 11m-long marble pool, bar, firepit and braai area, and the formidable view is all-encompassing. It’s di cult to believe that the 44 m2 space was originally a rusty steel framework, one that took nearly six years to complete, with many challenges along the way, such as load factor. Architect reg Wright suggested a specialised material with reduced weight to decrease the load on the building. Although costs almost doubled in the process, which made raising funds tricky, the knowledge that the Cape Town CBD is one of Africa’s best commercial and residential investments made the challenge worth it. Various design elements were also introduced, such as an imported Assirelli kitchen from Italy, glass and steel features, and reclaimed wood to lend a natural, textured feel to the property. The mountain-facing rooms are framed by floor-
to-ceiling windows so that, even when you are inside, the outside dominates. The rban Development one D tax incentive makes the investment more attractive. Introduced in , the D break aims to revitalise inner-city areas by attracting capital investments in commercial and residential property through a tax rebate. Developers have worked with the city to clean up the streets, plant trees and build walkways, all adding value to the CBD and creating a safer environment. pmarket residential o ce developments are also becoming more common. In urban centres such as London and Sydney, moving to the inner city has become a trend, with Cape Town following suit. There has been a marked increase of interest in the CBD over the last five years, with a surge in prices, according to ichard Hardie, night Frank’s manager for the Atlantic Seaboard, City Bowl and Hout Bay. The CBD is clearly defined and there are a limited number of opportunities for luxury rooftop living, which guarantees a sustainable investment. It makes sense, then, that this particular property is doing incredibly well as an Airbnb rental. Seen by the owners as a longterm investment from the start, they had no intention of living here, yet it remains close to their hearts. After all, when they entertain or spend weekends here they often have to drag their families away – it really does feel like you are on top of the world standing outside and looking at the mountain.
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SHOW HOUSE
“THE PENTHOUSE WAS FIRST USED AS AN EVENTS VENUE BEFORE BEING CONVERTED INTO A LUXURY RESIDENTIAL SPACE” ROY INGLE, INTERIOR DESIGNER
CLOCKWISE FROM TOP LEFT The study nook in the main bedroom has a masculine feel with its aviator-style aluminium swivel chair and wing office desk; the 11m-long marble pool is set into a wooden deck from where stunning vistas can be enjoyed day and night. The pool area, with its corner bar, braai and firepit, is fully equipped for entertainment. Textured elements such as wooden loungers echo the natural features of the mountain surrounds; large wooden shutters can be closed for a more intimate feel; wooden floors add warmth and character to the space, and unifies the expansive open-plan area with its kitchen, dining room and lounge
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Splashes of primary colours are combined with neutrals and repeated in the dining and lounge area. Mid-century chairs, with their quilt-like motif, add interest and colour when set against the heavy wooden-based table. The Nguni carpet picks up on stylish African inspiration found throughout the apartment
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SHOW HOUSE
The distressed blue carpet in the lounge resonates with the tones in the dining area. Geometric terrariums with bonsai and cacti add a minimalist yet sophisticated feel and bring an element of nature inside
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SHOW HOUSE
CLOCKWISE FROM RIGHT The en-suite marble bathroom, with its adjoining walk-in dressing room, includes mountain and deck views; all three en-suite bedrooms feature minimal African-inspired decor and black and white prints of wildlife. Nguni horns above the king-size bed add a dramatic feel, offesetting the luxurious throws and leather chairs
DID YOU KNOW? Property developers and owners can earn significant tax savings through the Urban Development Zone tax rebate by erecting, extending or improving an entire building or purchasing a building or part thereof directly from a developer, according to Cape Town Partnership. capetownpartnership.co.za
QA &
INTERIOR DESIGNER ROY INGLE
WHAT PERSONAL TOUCHES DID YOU ADD? The penthouse was first used as an events venue before being converted into a luxury residential space. So, while it was open, the clean, strong white lines dominated everything. I added natural, tactile texture wherever possible using repurposed wood, leather and wooden floors. WHAT DO YOU HOPE TO ACHIEVE WITH THE SPACE? I want it to resonate with as wide an audience as possible. The original spatial sign was heading towards a hard, white, clinical feel, which has limited appeal. WHAT IS YOUR FAVOURITE DESIGN ELEMENT? The repurposed wooden cladding, salvaged from the
FOR SALE This R29 million property is on
original East London Fruit and Veg Market circa 1924. It softens the dividing wall in the lounge and breaks the
the market through Knight Frank (knightfrank. co.za). For more details, phone Richard Hardie on 076 252 7254 or email richard.hardie@res. za.knightfrank.com
tiles in the kitchen. WHAT DO YOU WANT PEOPLE TO FEEL WHEN THEY ARE HERE? I want visitors to immerse themselves in the luxury while feeling nature in the textures and the overwhelming views of Table Mountain and Signal Hill. roy@made.co.za
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DIVINE
INTERVENTIONS
Intelligent design combined with sophisticated finishes and dramatic colour combinations make for kitchen spaces that look great and perform even better TEXT Julia Freemantle PHOTOGRAPHS Annalize Nel, Peter Bennetts, supplied
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In this kitchen, designed by Future Classics (futureclassics.co.za), a slim metal strip at the base of the island unit catches the light in such a way that it appears to be floating. Its setting against a wall entirely clad in wood, adds to the sense of loftiness
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METAL AND WOOD
TRENDS
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Combine warm wood and sheer metal for a welcoming yet stylish space 01 The fresh, crisp white tone in this Future Classics (futureclassics.co.za) kitchen lifts the wooden surfaces, while a subtle strip of copper cladding adds a touch of sophistication 02 By combining unusual colours and material surfaces, such as polished brass, a textured stone tabletop and warm wood, Weylands (weylandts. co.za) has created a unique and dramatic kitchen. Remember, too, that an island needn’t be solid – it can look and function like a dining table, too 03 With a mostly marble envelope, the Code kitchen range from Boffi (boffi.com) is fully customisable, down to the sink dimensions and cooking facilities. This multifaceted space uses marble, metals and precious fossil wood elements to set a luxe but modern tone. The cooler metal tones add an industrial feel, while the wood and softer tones add warmth
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THREE TONE
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Varying shades of the same colour create a multilayered but calming space 01 Warm coppery metal cladding ties into the biscuit-toned stone of the kitchen island in this space by SieMatic (siematic.com). The deeper hue of the wooden cabinetry makes it contemporary but also warm and comforting 02 The cool grey tones of this design by blu_line (blu-line.co.za) with varied textures (matt, gloss, patterned) and linear motifs create a modern, sleek kitchen 03 Cabinets in three different colours give a muted scheme a touch of edginess. This UNIT range by Cesar (cesar.it) is not limited by wall constraints and allows you to mix and match the finishes and tops for a less generic space
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TRENDS
SEAMLESS 30
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Kitchens with no trace of handles, storage facilities or clutter keep a minimalist space sleek. There are ways to ensure the design is interesting, though, despite the lack of detail
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01 Sleek needn’t mean generic. The Rossana HD 23 (rossana.it) range shows how personalisation through special components and mixed materials – such as permutations of Corian, wood, brass and lacquer finishes – can be simple. Rossana is available through Eurocasa (eurocasa.co.za) 02 Australian firm DKO’s (dko.com.au) all-over use of charcoal creates a uniform effect while a lighting strip in the counter alcove provides a point of interest and lifts the surfaces 03 This Maxima kitchen design by Cesar (cesar.it) makes use of one colour in three different materials, a simple but effective way of adding depth. The island graduates into a lower table section, a clever example of economy 04 Bulthaup’s (bulthaup.com) combination of materials keeps the kitchen design dynamic despite lack of adornment. The white, cement and wood work well together to create a light and contemporary open-plan space 05 The transparent smoky glass cabinets in this Poliform Varenna (poliform.it) kitchen allow a glimpse of the shelves’ contents, keeping things tidy. This subtle detail adds interest to the super simple stainless steel island unit 06 Incorporating colour in a subtle way can lift a minimal space. The sleek inclusion of a grey panel inset into the island gives this space from Easylife Kitchens (easylifekitchens. co.za) depth without the need for additional decor elements. A wafer-thin countertop adds to the contemporary appeal
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BLACK AND WHITE 00
02 01 03
An all-time classic, the black and white look is a kitchen favourite because it’s clean, timeless and simple. And it’s perfect to put your own stamp on 01 Black and white hexagonal tiles demarcate the zones in this open-plan Bulthaup (bulthaup.com) kitchen, a subtle and original way to add interest and guide the eye. The chunky timber countertop gives it an original touch 02 By keeping the floor and island colour light, and having everything from the walls up in black, Caesarstone (caesarstone.co.za) has created a slick split-level effect that accentuates the height and volume of the space. The solid island in Montblanc 5043 – no detailing of any kind – is the ultimate contemporary statement 03 Black and white can have a cool, hard effect when taken too far, so balance this out with warmer accents, like Cesar (cesar.it) has done for this minimal Maxima 2.2 design. Although it looks contemporary and sleek, it also feels homely because of the timber panelling 04 A checkered floor with dark cabinets is an updated take on a country look. Slavin & Co (slavinandcompany.com) has incorporated Gaggenau (gaggenau.com/za) appliances at eye level for a seamless effect. Note the alternating black and white units – a good example of how the space is yours to do with as you please
AUGUST 2017
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DECADENT DELIGHTS As far as memorable dining experiences go, what’s in the glass is often just as important as what’s on the plate. These five culinary adventures are causing a stir TEXT Richard Holmes PHOTOGRAPHS Justin Patrick, supplied
W
hen you imagine a sensory experience combining the finer points of food and drink, chances are it involves a glass of wine. And with such a broad palette of cultivars and flavour profiles to work with, it’s little wonder chefs and sommeliers alike love pairing food and wine. Among South Africa’s leading restaurants, including La Colombe, The Test Kitchen and the Saxon, there’s certainly no shortage of fine wine experiences. But it’s out beyond Joburg’s city limits at estaurant Mosaic at The Orient where you’ll find one of the country’s most memorable gourmet adventures. Here, Paris-trained sommelier ermain Lehodey conjures his wine pairings from a cellar, home to a staggering 75 000 bottles across 6 000 labels from around the world. “The perfect pairing is this: the wine must enhance the food and the food must enhance the wine, says ermain, who spent his last years in Paris as head sommelier of the 4 -year-old Michelin-starred restaurant La Tour d’Argent. “The wine must become the second sauce of the dish so that the saltiness of the food will enhance the flavours of the wine and the acidity of the wine will lift the flavours of the food. On that score, ermain works alongside award-winning chef Chantel Dartnall to deconstruct dishes, using them as the building blocks to pair with individual wines. Contenders are then tasted against the completed dish, which is often fine-tuned to ensure the perfect match. “We can’t change the wine, but we can tune the dish,” says ermain. Chantel is a smart chef and she understands that if the pairing is superb it gives more credit to the dish. A stellar example is Chantel’s Tidal Pool salmon ceviche with verbena aspic and a seaweed salad, paired with an unusual Aligoté from French winemaker Aubert de Villaine, co-owner of the iconic oman e-Conti. Another standout pairing is the soupe du jour with the Naudé Old Vines Cinsault. Cinsault is coming back, says ermain. More people are producing dry, light and elegant Cinsault. It’s a cultivar that fits well with Chantel’s style of cuisine.
At The Test Kitchen, the pairing adventure begins with the inventive cocktails of their Dark Room OPPOSITE At Restaurant Mosaic, chef Chantel Dartnall and sommelier Germain Lehodey workshop dishes and wines to create the perfect match. The soupe du jour – cauliflower, goose liver mousse and brussels sprouts – is served with Naudé Old Vines Cinsault
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L U X U R Y F O O D PA I R I N G
“THE PERFECT PAIRING IS THIS: THE WINE MUST ENHANCE THE FOOD AND THE FOOD MUST ENHANCE THE WINE” SOMMELIER GERMAIN LEHODEY
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L U X U R Y F O O D PA I R I N G
THE STORY OF CREATION WINES While formal food-and-wine pairings may have their roots in fine dining, estates and cellars across the Winelands are proving innovative at exploring the interplay between food and wine. An example is Creation Wines in the scenic Hemel-enAarde Valley. Established in 2002 by Jean-Claude and Carolyn Martin, the estate recently picked up Wine Tourism South Africa’s prestigious link Award for reat Pairings for the fourth time. The estate has also been recognised by the reat Wine Capitals Best of Wine Tourism Awards for the third time, winning a gong for Innovative Wine Tourism Experiences. While chocolate and brunch pairings are popular options in the airy tasting room amid the vineyards, The Story of Creation menu is at the heart of the tasting experience. Consisting of seven chapters, each course is paired with wine from the estate. Think smoked duck breast with local goat’s milk cheese, beetroot and pomegranate paired with the Creation eserve Pinot Noir or the Creation eserve Chardonnay against a taster portion of b oe r e nk a a s drizzled with fynbos honey and tru e oil. Sound overwhelming? Happily, the expert staff, and often Carolyn or Jean-Claude themselves, are adept at talking you through the nuances of each pairing. JUST OUR CUP OF TEA If wine estates are diverging into food pairings, perhaps little wonder that one of South Africa’s leading restaurants is dabbling in pairings other than wine. Luke Dale- oberts has put Cape Town on the global culinary map with his flagship restaurant The Test itchen and the wine pairings from respected sommelier Tinashe Nyamudoka are undoubtedly superb. But the restaurant is also gaining attention in pairing Luke’s adventurous finedining cuisine with a range of premium leaf teas. Tinashe works closely with upscale tea merchants The Tea Chest, who create their own blends from tea leaves sourced internationally. In the restaurant, we play around with the various teas and dishes to see what works, says Tinashe. A dash of agave syrup is offered to mask any tannins that emerge during brewing. The principles of wine pairing certainly don’t apply to loose leaf tea. On the palate there may be some astringency or sweetness, but with pairing tea it’s all about the aromas, says Tinashe. So we look for a tea where the perfume matches the dish. We can match the intensity of the nose to the intensity of the food. On the menu, that could mean a heady Imperial Lapsang Souchong matched with Luke’s unique take on ni oise salad or char-grilled scallop with the cheekily named Weekend in Shanghai blend. Tinashe’s favourite, though, is the Indian Nights tea poured with veal sweetbreads wrapped in lamb bacon with licorice jus. This red tea is infused with cinnamon, so it’s warm, quite earthy and there’s with some spice on the nose. It works perfectly with the dish, he says.
Whether it’s Luke Dale-Roberts’ consummate interpretation of a niçoise salad, chamomile ice cream or baby vegetables in a Korean ssamjang dip, sommelier Tinashe Nyamudoka has it covered OPPOSITE, BOTTOM LEFT AND MIDDLE At Creation Wines, the art of food and wine pairing is elevated within sight of the Hemel-en-Aarde Valley vineyards
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RAISE A GLASS While The Test itchen pushes the boundaries of fine-dining pairings with tea, up the road at The Taproom of the Devil’s Peak Brewing Company, chef Jacques Fourie is showing how craft beer and a hearty bite play nicely together. Whether you’re pairing wine, whisky or grappa, the essence is the same taste the drink, identify the main and underlying taste flavours, and pair them with complementing flavours and textures, says Jacques. With beer you have the added factor of carbonisation, which aids the pairing process. Incorporating brewer JC Steyn’s award-winning beers into some dishes also helps in the pairing process, a flavour thread linking plate and pint. A great example is the comforting mac and cheese, made with a beer-cheese sauce incorporating Devil’s Peak Lager. The delicate malt notes and the low bitterness work well with the aged cheddar, says Jacques. High carbonation levels help to cut through the slight oiliness of the dish and bring to light the creamy richness of the cheese. Across the new menu, the pairings stack up neatly. Bold hop aromas on the Pale Ale tame the spiciness of the lamb burger the caramel and bitterness in the Alpha Lager cut through the rich fried chicken with corn bread and the bitterness of the India Pale Ale balances the spice of a beef and black bean chilli. In a sense, the opportunities for conscious pairings of food and drink are limitless. Tequila, brandy, gin, cordials you name it, a sommelier somewhere in the world has done it. TEST THE WATER But what about a humble glass of water? Perhaps it’s not so humble, though, when a refreshing glass could set you back . That’s what a bottle of De L’Aubier Maple Sap Water from Canada will cost at The Merchant Hotel in Belfast. Say hello then to, perhaps, the next new trend in food pairing water. The Merchant Hotel, a grand edifice in the city’s charming Cathedral uarter, made waves in 1 when it launched its flagship water menu. Featuring more than a dozen options from across the northern hemisphere, they include water melted from ice off Newfoundland to digestifs from glacial flows in eorgia. Carbonation, dissolved salts and mouth-feel all come into play as the waitstaff recommend which will pair best with the modern Irish cuisine of head chef John Paul Leake. Water has a significant impact on the way we taste food, just as with wine and spirits, says Martin iese, water sommelier at ay’s Stark Bar in the Los Angeles County Museum of Art. We are already accustomed to pairing food with wine or beer, but many people don’t know that water is just as important to the entire dining experience. Certified as a water expert by the erman Mineral Water Trade Association, Martin oversees the restaurant’s -strong collection of fine water, each listed with tasting notes, mineral content and country of origin. They are flown in from 1 countries, including Badoit from France and the mineral-laden Vichy Catalan from Spain. On local shores the trend has, unsurprisingly, yet to catch on. Although a handful of hotels have dabbled in eye-wateringly expensive water, for now you’ll have to make do without your glass of melted iceberg. Happily, there’s a sommelier standing by with an innovative wine, beer or cup of tea to take its place.
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L U X U R Y F O O D PA I R I N G
“WITH BEER YOU HAVE THE ADDED FACTOR OF CARBONISATION, WHICH AIDS THE PAIRING PROCESS” CHEF JACQUES FOURIE
At Devil’s Peak Brewing Company in Cape Town’s up-and-coming Salt River district, JC Steyn and his cohort of passionate brewers – Jaco Coetzee, Andrew de Groot and Christo Vermeulen – are turning heads with an innovative range of craft beers; in the adjoining The Taproom, chef Jaques Fourie pairs a pint with beer-friendly food OPPOSITE In the world of fine waters, De L’Aubier is at the leading edge of the trend (or fad?) of pairing food and a humble glass of H20
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Situated within the Waterfall Equestrian Estate north of Johannesburg, Tintswalo at Waterfall is a luxurious countryside retreat and private events space, conveniently close to the city. This boutique hotel is designed as a lavish, double-volume barn, decorated with equestrian paraphernalia and beautiful horse-themed artworks. It includes 15 spacious suites, excellent facilities, a spa, polo fields and a dam, which attracts local birdlife year-round. Enjoy delicious gourmet cuisine and the conveniences of urban living against the backdrop of natural beauty.
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H OT P R O P E R T Y I N S P I R I N G D E S I G N A N D A R C H I T E C T U R A L T R E N D S T H AT S H A P E THE FUTURE OF PROPERTY HERE AND ALL OVER THE WORLD
THE GREEN HEART OF SEOUL How about this for an innovative use of a disused highway? Seoullo, Korean for “towards Seoul”, is the city’s new 983m-long public park, also known as the Sky Garden. Urban design firm MVRDV created the green node according to the Korean alphabet and designed it as a collection of small gardens, each one with its own composition, fragrance, colour and identity. The bridge now accommodates 50 plant species and 24 000 plants, trees and shrubs. mvrdv.nl
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HOME BUYERS AND SELLERS: ADD “BUILDING PLANS” TO THE TO-DO LIST Many people are unaware of the requirement that there must be approved building plans in place for every building erected on a property. This is so even if the building is of a temporary nature and includes alterations, extensions and even demolition of existing structures.
demolition where the building contravenes general building standards or zoning regulations and no plan approval was obtained. Where the building complies with the legislated building standards but no approval was obtained, courts may lean towards a milder penalty such as a fine.
The only partial exceptions are so-called minor building works, which generally refer to buildings smaller than 5m². This includes most Wendy houses, as well as a pergolas, wire fences or open-side fabric-covered shelters for cars, boats or caravans. But remember that for these minor buildings, application must still be made to the municipality and the municipality must issue a written exemption. Such an exemption lapses after 6 months if the erection of the building has not commenced.
Sale agreements rarely include a provision requiring a seller to provide proof to a purchaser that there are approved plans in existence for the buildings on the land. Nonetheless, in our law, the absence of approved plans constitutes a defect in the property. A voetstoots clause (which is included in most agreements) protects an honest seller from comebacks by a buyer regarding invisible defects, such as the absence of approved plans. But even where the seller acted in bad faith a purchaser may struggle to prove this and hold a dishonest seller to account.
Recent law reports are filled with instances where both neighbours and the municipality have been successful in obtaining orders for demolition of illegally erected buildings or alterations – ie any building alteration that have been erected without having the plans formally approved by the local authority/municipality beforehand. It appears that Courts will readily order
Let STBB assist with every aspect of your sale agreement and assist you with the less visible requirements of a watertight agreement. Contact STBB at www.stbb.co.za.
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MORE THAN JUST THE PAPER WORK
HOT PROPERTY
OUT OF THE TREES Architecture studio EFFEKT designed the 600m-long walkway for Camp Adventure (yes, it’s an adventure camp!) in Denmark. Once complete, the wooden ramp will lead you up through the trees to a spiralling, hourglass-shaped viewing tower, which will overlook the forests of Haslev. The use of Corten steel will allow for structural support while minimising impact on the 360º views. effekt.dk
WE ART PROUD The Museum of African Design in Jeppestown, Johannesburg is the first on the continent to focus solely on design. Propertuity, the developers behind Maboneng, bought the property on Commissioner Street in 2011 and, after upgrading the space, opened the museum in 2013. Since then, there has been a steady stream of events and exhibitions focusing on the stunning design Africa has to offer (keep an eye on their Facebook page for upcoming events). There’s also the chance to experience Design Thinking workshops, where groups can go on walking tours of the area and take part in interactive classes run by pros. moadjhb.com
Google goes to Camden Town Construction of the first entirely owned and designed Google building outside the States will begin next year in Camden The 11-storey King’s Cross Campus, the soonto-be workplace of 7 000 Google employees, is designed by Heatherwick Studio in collaboration with Bjarke Ingels Group, with all building materials sourced from the Google Healthy Materials Program. heatherwick.com; big.dk
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HOME DESIGN INSIGHT
Thriller in Manila Nike has taken over an entire city block in Manila in the Philippines with the world’s first full-sized LED running track. Created by BBH Singapore, the Unlimited Stadium is a 200m figure-of-eight track lined with LED screens, allowing up to 30 runners at a time to take part in a virtual solo race. After a time trial, a sensor is attached to each athlete’s shoe. Their competing avatar then runs next to them on the screen, encouraging runners to keep pace with their digital selves. bartleboglehegarty.com
HOME COMFORTS The new Stand 51 project is a model for how your house’s design can improve your wellbeing
S
aint-Gobain and Thomashoff + Partner Architects have created a set of criteria from a survey following their pilot project on Monaghan Farm Estate, Stand 47, to design a “better home”. The prototype on Val de Vie Estate, Stand 51, will demonstrate these principles and serve as a model for a plot-and-plan option. Architect Karlien Thomashoff tells us more. HOW DOES STAND 51 DIFFER FROM STAND 47? Stand 47 was the first time we tested people’s experience of home comfort, design, feel and overall quality. We implemented the feedback with Stand 51.
HOW DID YOU INCORPORATE YOUR INSIGHT INTO STAND 51? South Africans preferred open-plan living (68%) plus homes that could adapt and grow, and rooms with dual functions (81%), so we’ve designed Stand 51 as an open-plan, versatile space using Saint-Gobain technology: thermal comfort, good light, manageable acoustics and energy efficiency. DID THE LOCATION IN THE WINELANDS HAVE A BEARING? Absolutely. We designed the house to perform better in an environment with seasonal winds, a wetter overall climate and hot summers by using passive design principles, in conjunction with Saint-Gobain technology. WHAT IS THE OVERALL AIM OF STAND 51? Part of the process is to show people how design can impact your daily life – the quality of your sleep, your levels of productivity – and that Saint-Gobain’s technology can make smart, future-proof design attainable and accessible.
FOR MORE INFO stand51.co.za
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TEXT Genevieve Putter, Julia Freemantle, Kirsty Wilkins PHOTOGRAPHS iStock by Getty Images, supplied
NIKE HAS TAKEN OVER AN ENTIRE CITY BLOCK IN MANILA IN THE PHILIPPINES WITH THE WORLD’S FIRST FULLSIZED LED RUNNING TRACK
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or most people, a home is the largest asset they will ever own. Most opt to pay for their property over a 20 to 30 year period. To reduce your repayment term, you can increase your payment, decreasing your loan term from 20 years to 15 or even 12. The shorter the term, the less interest you will pay on your bond, which will save you money in the long run. Every time you pay an instalment on your home loan, you build up equity, which you can use in future. “Equity is the difference between what your property is worth and what you owe on it,” says Tim Akinnusi, head of sales and client management at Nedbank Home Loans. If you owe less on your bond compared to the selling price, you are in a positive equity position. This means you can access funds for various needs such as home renovations, education, a new car or investment in a new property. A home loan is relatively more cost effective because it is a secured loan using your home as an asset. The interest charged is lower than that of a credit card or personal loan. To find out how much you can save by increasing your home loan repayment, consult a certified financial planner or your home loan provider.
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BUILDING PLANS 101 TEXT Patrick Cairns PHOTOGRAPH iStock by Getty Images
Why it is important to check building plans before buying property
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n the excitement of purchasing a new home, you might not mind that the house’s extra garage or extended veranda doesn’t appear on the approved plans. But it can cause you a lot of trouble: these structures may ultimately have to be demolished, impacting the property’s value. In terms of the National Building Act, any buildings must appear on the plan, which must be approved by the local authority. If you want to add a garage or granny flat, these need to be drawn up first by an architect and then submitted to the municipality. But many owners alter their homes without proper approval. If this is picked up, it becomes the current owner’s responsibility to fix. While it’s not a legal requirement for sellers to provide a copy, buyers can, and should, insist that they check the plans as a condition of sale. These plans should be scrutinised, together with a draughtsman or architect if necessary, to make sure the buildings conform. If they don’t, the sales agreement should make it clear that the seller needs to have proper plans drawn up and approved at their cost. Lodging a new set of plans with the municipality attracts a fee and fines will probably be levied for unauthorised structures. It’s also possible that unapproved buildings might not meet building standards and the local authority can insist that they be upgraded or demolished. The entire sale can be cancelled. If such a clause isn’t included in the sales agreement and the buyer discovers that there are unapproved buildings on the property, they may not be able to seek compensation as sellers are protected by the voetstoots clause.
LH 662
LH 663
Catering to the discerning luxury market.
VAAL LODGE, PARYS, FREE STATE, SOUTH AFRICA •
R22.95 MILLION
This north-facing estate is an astute investment opportunity for a group of five or six families or friends, or as an upmarket boutique hotel with conference facilities. Think meticulous attention to detail, more than 2 600m² under roof on almost 20 acres of irrigated and manicured gardens, and magnificent river frontage with tarred road access. Features include a riverside entertainment pavilion with a bespoke wine cellar, a billiard room, spa facilities, six kitchens, a helicopter hanger, seven staff suites and a guard house. The property is fully walled and secure, and can be bought furnished. Bedrooms 13 Bathrooms 13.5 Garages 8 Living areas 7 Regan Harris +27 (0)82 320 6464 regan@hamiltons.co.za Colin Cloete +27 (0)76 536 1529 colin@hamiltons.co.za www.hamiltons.co.za web ref: 13490004
WESTCLIFF, JOHANNESBURG, GAUTENG, SOUTH AFRICA •
R19 MILLION
Ethnic European and earthy African ambience merge in this iconic Johann Slee original. The property combines textures, palettes and contours to create an mix of soaring spaces and comfort. Panoramic views of the city and beyond from every room define this unique property, which is complemented by the beautifully landscaped, terraced garden, patios and cantilevered pool deck. Features include five receptions of grand proportion, double staff accommodation and secure parking. Bedrooms 5 Bathrooms 5.5 Garages 2 Living areas 5 Dee Scholtz +27 (0)83 458 3660 dee@hamiltons.co.za www.hamiltons.co.za web ref: 13498580
OW N LUX U RY
When it comes to property in Johannesburg, one truly stands above the rest. A modernist approach with a timeless sense of luxury gives ONE97 Hyde Park the ultimate in high-life exclusivity. With 100 living spaces and penthouses, ONE97 is the one to own.
Own it from R1.9 million Contact Theo Joannides on 081 313 4907 or Jak Redelinghuys on 082 445 2130
REal Estate Magazine July 2017.pdf
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Villa Agusta - Plettenberg Bay PRICE: R80 000 000
Set in a verdant Valley, providing the utmost privacy, serenity and exclusivity, yet very central within the town of Plettenberg Bay, lies this incredible home.
Designed by Argentinean Master Architect Marcello Murchio on behalf of Count Agusta, the Villa occupies 21 hectares of the original Roodefontein farm, just below the Roodefontein Dam; and borders on the Plettenberg Bay Country Club Golf Course, which is a proclaimed nature reserve. The Estate consists of the Villa Agusta, and the original Roodefontein Farmhouse which has been upgraded and extended into a magnificent Guest House; plus numerous outbuildings and staff quarters. C
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The Villa and the Guest House each accommodate 10 people in sheer luxury surroundings. The two main residences are separated by picturesque green meadows and the world class Sunera Barn Stables which are utilised for equestrian events with arena and paddocks. These international class stables have 24 Horse Boxes. A comprehensive Portfolio of facilities, Images and Video Tours for this property and details of the incredible local bespoke master craftsmanship and international imported finishes, is available upon request. Web Ref: CPLT-2216
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Chas Everitt International Property Group, together with our International Leading Real Estate of The World® affiliated partners and their Luxury Portfolio™ Division are proud to have been mandated to present for sale this unique property which is one of the finest homes to ever grace the Garden Route of South Africa.
WWW.CHASEVERITT.CO.ZA
WE'RE LOCAL WE'RE GLOBALTM
John Fuller 082 905 1516 | Rory O’Hagan 083 328 8888
– A TALE OF –
TWO CITIES The city centres of Cape Town and Johannesburg each present unique residential opportunities. From the perspective of two young investors, we look at what these burgeoning areas have to offer TEXT Georgina Guedes PHOTOGRAPHS Karl Rogers, iStock by Getty Images, supplied
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CAPE TOWN
SPECIAL REPORT
O
ckie Oosthuizen is a 32-yearold single man who manages a portfolio of properties and wine estates around Stellenbosch. Although he had a flat in the area, he felt there wasn’t much for him to do in the family town , so he started a hunt for somewhere to live near Cape Town’s CBD. He settled on a four-bedroom, m2 apartment in Sea Point, letting out his flat in Stellenbosch. There’s just more going on here for younger people, he says. “I commute every day between Cape Town and Stellenbosch, but it’s worth it because I get to live where there’s more to see and do, and of course there’s the beautiful scenery.” In Cape Town, Ockie visits fine restaurants and participates in sporting activities such as paddle skiing or hiking on the mountains. Over the weekends, he enjoys the easy access
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to the Constantia Winelands or walks on Table Mountain. “Everything’s just around the corner; there are so many options, he says. It’s an incredible lifestyle. URBAN LIVING Ockie is just one of many a uent individuals who are giving up life in Cape Town’s suburbs – or further afield – to experience the social, sporting and cultural benefits of living in the city centre. These days, everybody wants to live in the city. Our agents report that any well-priced property attracts attention, says Billy autenbach, sales director at Seeff Atlantic Seaboard and the City Bowl. “The urban village vibe here is hip and happening. Real estate in the area now ranks among some of the most sought-after and valuable in the city – and the country for that matter.” He adds that Cape Town is a well-managed city with plenty of green areas and clean, relatively safe streets where residents can walk, cycle or take a MyCiti bus. The V A Waterfront, the most visited landmark on the African continent, is nearby and all this is in the shadow of the World Heritage Site, Table Mountain.
OCKIE OOSTHUIZEN The 32 year old lives in Sea Point near the Cape Town CBD because of the beautiful scenery and lifestyle
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.05% 5 1 The percentage that average sales increased by in 2016
8 The number of residential units sold in 2016, up from 185 in 2015
1m The average rand per square metre value of apartments in the Cape Town inner city
CAPE TOWN
CBD IN NUMBERS
Source: Central City Improvement District’s State of Cape Town Central City Report of 2016
The area is even attracting families – not your typical CBD resident – with the proximity of excellent schools being a significant drawcard. “The residential market has grown from about 750 people a decade ago to more than residents. Today, a high-quality unit in a city apartment complex can sell for a median price of per square metre, says Laurie Wener, Pam olding Properties’ senior executive for developments in the Cape. People are looking to upscale, even in the upper-income brackets, partly because of soaring utility costs. She says that smaller lock-up-and-go properties allow households to lower their overheads, notably rates, maintenance and security. Fortunately, for would-be Cape Town CBD residents, there are several new and mixed-use upmarket residential developments underway that will meet the growing demand, including 1 on Bree and 11 on Strand. And there is still significant development and progress around the CBD and downtown areas including the Waterfront and Silo precinct.
Buyer interest in sophisticated, stylish living with excellent security and the benefits of a mixed-use development shows no sign of abating. Property prices in the CBD continue to escalate as the demand for urban living prevails, says Laurie. According to Property 4, the average price of apartments in the city centre in 1 was . This has doubled in the past two years, with the average price in 1 already at the .1 million mark. This translates into positive real estate activity. Laurie says that most properties sell within about 30 to 35 days for within about to of the asking price. While property price growth means that buying into Cape Town’s inner city is no longer an entry level exercise, for those who can afford the prices, the demand isn’t going to be slowing any time soon – even, says Billy, with the slightly dampening effect of the economic climate. All in all, you cannot go wrong with an investment in property in the CBD, City Bowl and surrounding areas. These have shown their capital strength and you will no doubt benefit from above average growth in the years to come, he says.
LEFT TO RIGHT Mixed-use development 117 on Strand in the Cape Town CBD supports the city’s strategy for densification of the inner city. It has a health club, residential, retail and office spaces, and apartments selling from R2.27 million to R14.15 million; the kitchen in one of 117 on Strand’s apartments
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“LIVING IN MABONENG IS ABOUT BEING CLOSE TO WORK IN A SAFE ENVIRONMENT, PROXIMITY TO PEOPLE AND BEING ABLE TO HIDE AWAY WHEN I NEED TO” HAYLEIGH EVANS, MABONENG RESIDENT
21/07/2017 09:57
SPECIAL REPORT
JOHANNESBURG’S CBD ON THE RISE Things are a little different in Johannesburg. While pioneering developers and residents are flocking to pockets of progress in certain areas of the CBD, it is not yet offering the desirability or returns of the Cape Town inner city. However, a significant drawcard is living where the action is. Hayleigh Evans co-owns the Pop Art Theatre in Maboneng, the thriving development attracting attention as a blueprint for inner-city regeneration. She moved to Maboneng in the early stages of its development in 1 , going to the odd audition during the day and waitressing at night. That’s where I met Propertuity CEO and developer Jonathan Liebmann, who offered me a part-time job as the brand and cultural manager for Maboneng. I accepted, she says. Part of her job was to create cultural events and spaces to encourage people to come to Arts on Main and Main Street Life, the two earliest focal points for the development. Out of that, she eventually launched Pop Art, which ultimately became her fulltime job.
Being so committed to the area, she bought a recently developed residential apartment in 11. I could see their vision but I didn’t ever imagine it was going to be as huge as it is now or happen as quickly. I bought into the long-term vision but that wasn’t the main thing that guided my choice of a property – it was more about resonating with the vibe, she says. Hayleigh’s apartment is 4 m – tiny, but it has the biggest balcony in the building, which she has enclosed to increase her space. The interior is double volume with a m-high ceiling, so she has put in a mezzanine made of scaffolding to increase the square footage. I bought off plan and asked for the fittings to be left out because I had a big idea of what I wanted to do with it, she says. She bought the apartment for 4 and although she hasn’t had it formally valued, similar apartments in the area are currently selling for . She loves it here. Living in Maboneng is about being close to work in a safe environment, proximity to people and being able to hide away when I need to, she says. There’s an entire
HAYLEIGH EVANS This Maboneng resident loves living in the vibey Johannesurg precinct for its proximity to work and inner-city life
LEFT TO RIGHT People are flocking to Joburg’s inner city. Once a no-go area, pockets are now being regenerated, in the process changing the face of the city; Maboneng, a precinct on the eastern side of Joburg’s business district, is a hub of culture, business and lifestyle with retail stores, entertainment venues and eateries mixed with residential, office and industrial spaces
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world downstairs if I feel lonely. I eat mostly at restaurants rather than cook and any night I want to do something, I just oogle what’s on at the Bioscope or find out if there are any other events happening.” She says when she fills out forms and lists her address, people always respond, “oh cool!” And because her apartment is in such a vibey part of the city, when she’s in Cape Town for shows, she lets it easily on Airbnb to cover her costs. DIVERSE INTERESTS This was Jonathan’s vision. After travelling around the world, the young entrepreneur returned to Johannesburg and felt that the comfortable and vibey inner cities he had seen were sorely lacking in his home town. “The only people using the inner city were of a lower income, so my idea was to try and introduce a more diverse mix of people.”
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Jonathan thought big from the start, focusing on creating a cultural space and accommodation, rather than only low-cost housing like other developers. “Prices in the city make for good, affordable accommodation, but it’s important to introduce a mix of options,” he says. “I wanted people to integrate and become part of a seamless society, addressing the disparities of income that are the cornerstones of the socioeconomic crisis in this country.” Arts on Main, a gallery and workshop space where artist William Kentridge works, was the catalyst, but Jonathan has continued to welcome galleries, hotels, theatres, shops, accommodation and restaurants to the area. One of Joburg’s leading chefs Dario d’Angeli moved his Cube Tasting Kitchen into the heritage Cosmopolitan Building in the heart of Maboneng. Jonathan’s precinct isn’t the only reclamation attracting attention. Other players are also carving out their own segments of the city, such as Urban Ocean. This developer owns 11 buildings along Commissioner Street between Rissik and Simmonds Streets.
JONATHAN LIEBMANN The Propertuity CEO and developer wants to attract a diverse group to Johannesburg’s inner city
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SPECIAL REPORT
“PRICES IN THE CITY MAKE FOR GOOD, AFFORDABLE ACCOMMODATION, BUT IT’S IMPORTANT TO INTRODUCE A MIX OF OPTIONS” JONATHAN LIEBMANN, PROPERTUITY CEO AND DEVELOPER
Again, they have understood that creating liveable spaces in the city is not just about places for people to live, but also places for them to visit and play – and to create a sense of community. This area in particular is boosted by its proximity to the commercial centre of the CBD where the banks and mining houses still have their headquarters – and around a hundred thousand people come to work every day in high-paying jobs. For these reasons, says CEO Herman Schoeman, they have created a co-working space called rban Collective, coffee shops, a pop-up arcade for fashion designers, and a number of other ventures, including signing up two nonprofit companies – WeThinkCode and Digital Academy – to prepare students for coding jobs. One of their flagship projects is the City Central Food Hall, where pop-up wagons create fresh food for corporate customers. We need to bring the lifestyle element back, says Herman. We want to go a little more high end in this part of town because we’re in the financial district – so we’re not only appealing to hipsters but finance workers and government employees as well.
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We’re hoping that they will start walking from their o ces to support these initiatives, so they aren’t just weekend destinations for people out of the area – they will also work during the weeks. He says that units in The Franklin, which Urban Ocean developed, were letting for between to five years ago. Similar 61m2 units now go for around R9 000 to R9 500, unfurnished. An upcoming residential development with 60m2 units will be letting for R8 000 per month. We believe that there is a huge demand for residential leasing stock in the area, he says. We’ve been attracting more and more interest from various businesses previously located in Sandton, Rosebank and other more northern suburbs due to our competitive o ce rentals. While it’s di cult to put a figure to the returns offered by investment in the Johannesburg CBD because its upliftment is new and ongoing, one thing is certain. Because it’s coming off a low base, there are great opportunities for those willing to participate in the renewal.
LEFT TO RIGHT Maboneng is popular for its decent, affordable accommodation and the increasingly diverse people moving to the area; this inner-city precinct includes coffee shops, co-working spaces and gallery Arts on Main
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SPECIAL REPORT
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JOBURG
CBD IN NUMBERS
R6 000
R9 500
The monthly rent in 2012 for Urban Ocean’s 61m2 units in the CBD
The monthly rent for the same units in 2017
Source: Urban Ocean
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CLOCKWISE FROM LEFT The Cosmopolitan Building, a heritage site in Maboneng, is a gallery space that incorporates design, retail and fine dining, and now includes The Cosmopolitan Bar and the Cube Tasting Kitchen; the driving idea behind Maboneng was to bring life back to the streets, an area residents and visitors flock to for the funky bars and restaurants; developer Urban Ocean’s City Central Food Hall on Commissioner Street was a branch of Barclays Bank in the 1940s. Now the triple-volume marble space is filled with the aromas of fresh coffee and delicious food
EXPERT OPINION
URBAN LIVING Property developer Blok is redefining what it means to move to the city
JACQUES VAN EMBDEN MANAGING DIRECTOR WHAT SETS YOU APART FROM OTHER RESIDENTIAL DEVELOPERS IN THE CBD? Blok’s focus has always been on creating urban homes where future owners feel connected to both their building and neighbourhood. WHO BUYS YOUR CITY APARTMENTS? We focus on attracting residents. We believe in promoting property ownership and work hard to share our vision with potential homeowners. Investors are a critical part of our development strategy but eventually the property will be someone’s home, regardless of who owns the title deed. WHAT ABOUT NEW GENERATIONS WHO WANT TO LIVE, WORK AND PLAY IN THE CITY? An intelligent design approach and efficient spatial planning should ensure that our homes play to the various market segments. We’ve created a varying product range in response. WHICH APARTMENT TYPE IS MOST POPULAR? The urban family home – three bedrooms, two bathrooms – bringing families into the city. Studio apartments are equally popular but they often have more spatial pressure and require the most innovative design. WHAT IS YOUR COMPANY PHILOSOPHY? We are a group of urbanists delivering a vision through urban development and innovation. WHAT IS YOUR LONG-TERM VISION? To be an active part of how our city is evolving and growing.
FOR MORE INFO blok.co.za or 087 820 0050
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B AC K C H AT A CLOSE UP WITH PROMINENT PERSONALITIES ON THE PLACE THEY CALL HOME
P R E S S PA U S E INTERVIEW Debbie Loots PHOTOGRAPH Siphiwe Mhlambi
Property development entrepreneur Lynette Ntuli has big ideas on industry transformation and innovation. But when it comes to home, she prefers to keep things simple WHERE WERE YOU BORN? I was born and raised in Umlazi, a township just south of Durban. WHERE DO YOU STAY NOW? I live in the leafier suburbs of Durban. I enjoy its older and spacious homes with their high ceilings. I also love the fact that I am never more than five to 10 minutes away from the many eateries and shops. WHAT DO YOU DO? I am the CEO of Innate Investment Solutions, a property development and infrastructure asset management company I founded in 2009. Simply put, we create and deliver solutions and strategies for property owners and investors, developers, commercial and retail clients, corporate real estate managers and the public sector. WHAT HAS LIFE TAUGHT YOU? Never stop discovering, learning, moving and reinventing yourself, and make the best of the cards you are dealt. Also, you cannot panic and think at the same time! WHAT IS IT LIKE FOR A YOUNG FEMALE ENTREPRENEUR IN YOUR MALE-DOMINATED INDUSTRY? Exciting, empowering and taxing. Many boardrooms are only really starting to warm to the idea of our existence in 2017. As a young, black, female entrepreneur in a fairly untransformed industry, it’s important to progress and do well in the sector, transform the spaces we find ourselves in, and innovate to create services and products that are responsive to changing demographics, consumers and their needs. HOW HAVE OPPORTUNITIES FOR YOUNG, BLACK SOUTH AFRICANS CHANGED SINCE DEMOCRACY? The shift has been significantly positive in terms of legislation, policy, supportive frameworks and education. But this has not necessarily translated to access, implementation and the control of resources and means in most instances. It’s reflected in, for example, the high levels of unemployment and low rate of transformation. WHERE OR WHAT IS THE PLACE YOU CALL HOME? IS IT A PHYSICAL SPACE OR A SENSE? It’s the physical spaces I retreat to. It’s a comfortable, relaxed and safe space, a place where I can press play, pause, create and rest as interchangeably as I need to. There’s often no place I would rather be than home. WHAT DOES THE FUTURE HOLD? Nothing is ever promised but I do hope the future is filled with impact, results, expansion into new territories, new spaces to design, occupy and own, and continued learning. ANYWHERE ELSE IN THE WORLD YOU WANT TO LIVE? In the next few years to 2020, I’d like to live in an economically progressive, vibrant, socially and culturally diverse African or Far East city. innatesolutions.co.za
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One of the most successful innovations to come out of the Black Forest And a cuckoo clock
The difference is Gaggenau.
Visit our Brand Experience Centres: Cape Town: 17 New Church Street Bree Street Studios
In the Black Forest, some things never change. Others have been evolving since 1683. Ever since our company was founded as a hammer and nail works, innovation has become a tradition for us. Such as the ovens 400 series, shown here with oven, combi-steam oven and warming drawer – uniting cutting-edge technology with superior design. Finally, our appliances have been constantly evolving. What stays the same: they just keep looking better and better. For more information, please visit www.gaggenau.com/za
Johannesburg: 30 Archimedes Street Kramerville
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