Real Estate May 2017 ( Issue 43 ) by REAL|life

ISSUE 43 • MAY 2017

CLEAR VISION The freshest bathroom trends | Classically cool in Clifton | Joburg’s big-thinking property developer

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SPECIAL REPORT INVESTING IN REAL ESTATE WITH FRIENDS OR FAMILY

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e c n e d eR si

Aiconnic

OSBORN RD

HOUGHTON GOLF CLUB

2ND AVE

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Come and view our luxury apartment 12029. Available daily for viewings

ALAN BECKER 082 718 8100 | alan@thehoughton.com

Houghton on 12th, 53 Second Ave, Houghton

WARREN BECKER 082 302 3004 | warren@thehoughton.com

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CREATIVE GROUP

A CENTRAL JOHANNESBURG LANDMARK Our latest three and four bedroom en–suite luxury apartments are ready for occupation

INVESTMENT Appreciating (prices are fetching more than 60% of their original value)

SECURITY

RESORT FEEL

Safety: state-of-the-art family security has no price

Uninterrupted views stretch from Northcliff to Oliver Tambo

LEISURE

LIFESTYLE

Signature Jack Nicklaus Houghton Golf Course with jogging paths

A five-star hotel, part of The Leading Hotels of the World Group, on your doorstep

I S T H I S T H E B E S T A PA R T M E N T I N J O B U R G ? If you don’t believe that this is one of the best luxury apartment offerings in Joburg, we will donate R250 to Afrika Tikkun, an organisation that provides a Cradle to Career path for our disavantaged township youth. Simply view our show apartment and then let us know what you think.

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- Coming soon in Real Estateâ&#x20AC;&#x2122;s -

JUNE ISSUE

PHOTOGRAPHS Greg Cox/bureaux.co.za

For more information and to book, email our sales and marketing manager MICHELE JONES on michele.jones@thecreativegroup.info

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DESIGNER LIGHTING FOR YOUR HOME, AN ARCHITECTURAL SHOWSTOPPER, GLOBAL TRENDS IN RESIDENTIAL DEVELOPMENTS AND MORE

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don’t know about you but while I love the pristine blue skies of autumn and revel in bursts of unexpected late-summer heat and alfresco dinners, my mind is already fast-forwarding to winter cocooning. It begins as swiftly as the softest fashion knits hit the rails – but this year bathrooms have come sharply into focus as I’ve watched the curation of yet another inspiring trends feature unfold this month (see page 25). And when deputy editor Julia Freemantle fell upon our striking cover image, it was a done deal. She wrote: ‘This textural but simple design by Jonas Lindvall has to be the most beautiful bathroom I’ve seen in years – understatement and luxury in one. And the organic curved corners and combination of cool grey and warm metallic taps is just flawless.’ There you have it, and I couldn’t agree more. Autumn is also my favourite time to book a quick escape to summer on the other side of the world. Just in the nick of time, travel writer Richard Holmes has put together the definitive first-class travel feature on page 36. Look no further if you want an update on who’s got the coolest airport spas, restaurants and lounges. And look sharp, property developers: Propertuity has glam new offices (page 51). Not a surprising move either as this forward-thinking team are the bravest pioneers in Michelle Snaddon Maboneng. Enjoy the read! Editor, REAL ESTATE

PUBLISHED BY THE CREATIVE GROUP FOR TIMES MEDIA PROPERTY PUBLISHING

34 09

09 WORD ON THE STREET 15 ONE PANAMERA FITS ALL

The new Porsche four-door is on our car wish list

16 GARDEN OF EDEN

A hidden garden and a timeless, classic design give this three-storey Clifton home a touch of magic

Old Castle Brewery, 6 Beach Rd, Woodstock, Cape Town, 7925 www.realestatemagazine.co.za | 087 828 0423 | 021 447 7130

MANAGING DIRECTOR: THE CREATIVE GROUP Terence Hewitt | terence.hewitt@thecreativegroup.info

Editor Michelle Snaddon | michelle.snaddon@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, Lori Cohen, Richard Holmes, Genevieve Putter and Terence Steenkamp

34 MILE-HIGH LUXURY

Airlines internationally are taking first and business class travel to new and more comfortable heights

ADVERTISING SALES

41 MARKETPLACE

Property news, awards and investment advice

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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25 WATER WORLDS

Bathroom design has its own style identity: these are five trends to consider for your next renovation

51 BUILDING BLOCKS

Urban regeneration pioneer Propertuity’s Maboneng HQ

56 PROPERTY PARTNERS

What are the considerations when investing in real estate with friends or family?

COVER IMAGE Johan Kalén PHOTOGRAPHS Lar Photography, supplied

EDITORIAL TEAM

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.

CONTENTS

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WORD ON THE STREET THINGS TO SEE, TRENDS TO SPOT AND PLACES TO BE PERFECT 10 Design Joburg, featuring Rooms on View, is the design show on everyone’s lips. Launched by Media 10 in a move to create a high-end decor environment, it will feature some of South Africa’s best and brightest talents in an exciting format – from collaborative roomsets pairing architects, designers and brands to beautiful spaces, to a showcase of local ‘Darlings’ of design. It brings together creative minds – both established names (such as Mia Widlake of Studio 19, left) and new talent – under the creative direction of Anatomy Design and HK Design’s Andrea Kleinloog and Megan Hesse. designjoburg.com

FASHION FORWARD

DESIGN

TEXT Julia Freemantle PHOTOGRAPHS Nadine van Driel and supplied

In Woolworths’ new Style By SA collaboration, eight young talents create capsule collections for the retailer. Included in the lineup are Pichulik (below), Rich Mnisi, AKJP, Selfi and Young & Lazy, as well as Thebe Magugu and Maria McCloy. These exciting limited-edition pieces will be available from Woolworths Canal Walk, Sandton City, Mall of Africa, Midrand, Menlyn Mall and Gateway. woolworths.co.za

The stone age With the new season, comes three new Caesarstone hues inspired by the elements to add additional depth and interest to your space. Montblanc, a delicate light grey with veins of varying thickness, is a subtle and classic surface. Moorland Fog has a rich creamy base tinted with taupe, with layers of light and dark brown and grey – a contemporary interpretation of natural stone. Turbine grey (right) is inspired by the energy of the wind – with swirls of white and dark grey on a grey base – dramatic in both small or large expanses. caesarstone.co.za

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WORD ON THE STREET

Home-grown Inspired by the love of indigenous landscapes and flora, Alexis Barrell and Fiona Mackay created Karu to celebrate them in textile form. Simplicity and quality are the cornerstones of the label. The robes, quilts and cushions all express whimsical impressions of cacti or ferns and other foliage. karu.world

COOL SUMMER

DESIGN

Fabric house Thibaut’s new Summer House collection will make you forget it’s still a few months away. Start planning sun-ready spaces with these refreshing and fun coordinating fabric and wallpaper designs that embrace the best of floral, tropical and marine motifs in vibrant colours. Available from St Leger & Viney. stleger.co.za

Bottoms up

First Diamonds longstanding reputation hasn’t stopped them from innovating. In 2016, the company launched the Diamant Classique – a bottle of Methode Cap Classique that contains a quartercarat diamond encased in a striking blown-glass capsule designed to be worn as a pendant. Half-carat (two stones) and one-carat (four stones) options are also available, as well as bespoke creations. The studio is open by appointment only, where the process of choosing or designing your creation will be as luxurious as the stones you’re there to select. firstdiamonds.co.za

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MAY 2017

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CMY

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WORD ON THE STREET

WELL-SEASONED Embrace the cold this season with cookware designed to create hearty winter-friendly food. Le Creuset’s new Colours of Spice range is made up of pieces inspired by cooking with spices, from condiment pots and balti dishes, to woks and grinders. We particularly love this limited-edition Spice tagine – designed to slow cook meat and vegetables – for its form-follows-function appeal and pretty Moroccan decal. lecreuset.co.za

What’s your ﬂavour

LIFESTYLE

From the same family who brought 4th Avenue Coffee Roasters, Ferguson’s 5th Floor and The Fat Zebra to Joburg’s dining scene, Fabb Cafe & Gelato is an ice cream lover’s dream. With more than 100 gelato flavours in its repertoire – 16 being served at any one time – you can sample such delights as pistachio, New York cheesecake, biscotti, watermelon and even a vegan chocolate. You’ll need to visit regularly to try them all. Even better, because the gelato is made using milk, not cream, it has only 5% fat. A charming blue-and-white streetfront cafe on 4th Avenue in Parkhurst, it also served a small but well conceived breakfast and light lunch menu (for those without a sweet tooth), great coffee, and Belgian waffles. 082 551 5938

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MAY 2017

Drink local, think global The Italian Job, a craft brewery just outside Cape Town, created and run by the Viglietti family, is a proudly South African company with equally proud Italian roots. Gabriele, Piero and Lucia Viglietti decided to put their impressive work ethic and love of living well into a passion that complemented the family’s first food endeavour – an artisanal olive oil business – when they found master brewer Sven Lehy. Each of the Le Grand Cinque (The Big Five) beers represents one of the family’s words to live by: Amber Ale – Amore (love), the new IPA – Forza (strength), Pilsner – Famiglia (family), Oktoberfest – Gioia (joy) and Weiss – Amicizia (friendship). theitalianjobbrewery.co.za

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Business Day is one of the publications read most often by SA’s dollar millionaires. Source: South Africa 2016 Wealth Report

WORTH READING Business Day HomeFront is in touch with SA’s property movements, offering accessible insights and advice to home owners, entrepreneurs and investors about issues relevant to selling, renting or living. It is published every second Friday in SA’s most influential and respected daily newspaper. Intelligent, punchy content provides readers across SA with a snapshot of the residential and commercial market, and provides current property development updates. Our experienced financial and property journalists simplify issues about sectional title to listed property performance or investing in commercial real estate. Give us a try.

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HOMEFRONT 13 OCTOBER 2016 WWW.BDLIVE.CO.ZA

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SH CO AW R NHEOW US SE

ONE PANAMERA FITS ALL The previous generation was maligned for its ungainly design. But the new Porsche four-door banishes that concern – and more besides TEXT Terence Steenkamp PHOTOGRAPHS Supplied

xcept for the faint rustle of wind past the side mirrors and the monotone din produced by the enormous 295mm-wide rear rubber, the Porsche Panamera 4 E-Hybrid Executive’s cabin is enveloped by, well … silence. The new 2.9-litre V6 petrol engine and its twin turbos lay dormant. Instead, thrust is provided by the permanently active (Porsche uses the word ‘excited’; the work of Google Translate, perhaps?) 100kW electric motor, fed by a 14kWh lithium-ion battery. It can do so for 50km, the brand claims, before the V6 wakes from its slumber to supplement the electric machine and propel the 2.25 tonne, 5.2m-long E-Hybrid Executive to 100km/h in a mere 4.7 seconds. Not fast enough for you, you glutton? After a further 12.7 seconds, 200km/h flashes by, before the vehicle runs out of puff at 278km/h. This is a hybrid, remember, just like the Toyota Prius; it’s not supposed to be this quick. It certainly doesn’t feel quite so potent from the sumptuous driver’s seat. From silky soft leathers wrapping the horizontal expanse of dashboard, carefully curated wood trim and metal that is actual metal, the second-generation Panamera’s cockpit sets new refinement and quality standards for Porsche.

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But it also introduces new tech in the form of Advanced Cockpit, a concept that eschews hard buttons controlling, for example, the climate system in favour of virtual ones that provide tangible feedback when pressed. It works fabulously. Most striking, however, is the seamless integration of these forward-thinking tools in an environment that places luxury at the forefront, especially in this 150mm longer Executive model with its room for four occupants. So, to the reason people buy cars with alternative powertrains: fuel economy. Porsche claims the Panamera 4 E-Hybrid parsimoniously drinks 2.5 litres every 100km. Impossible, surely? Indeed. On a 100km-plus route in the Western Cape, I struggled to get close to 10 litres per 100km. That’s still mighty impressive considering the sheer girth of the vehicle and the power accessible under foot, but to reap the benefits of the E-Hybrid’s advanced drivetrain, owners will have to stick to the 50km battery range. Do that, however, and you’ll have one of the cleanest-running vehicles in our market, across all segments. More so than the wonderful cockpit, the arresting exterior, soothing ride and hellfire performance, the efficacy of the E-Hybrid’s one-vehicle-for-all-tastes approach is its most remarkable achievement. porsche.com

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SHOW HOUSE

MAY 2017

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GARDEN OF

EDEN

A concealed garden and ocean views come together in this classic Clifton property, a granite boulder forming a unique part of the design

TEXT Lori Cohen PHOTOGRAPHS Karl Rogers STYLING Dylan Thomaz

here are not many three-storey properties where each level has direct access to the garden. Adding to the magic, the 500m2 oasis is secreted behind a dominating granite rock and hugs the Clifton home, creeping up into the slopes of Lion’s Head. The homeowner confides that it was the private garden that stole her heart when she bought the property 20 years ago. That and the sea views from the two balconies fronting the home. Interior designer Dylan Thomaz of Studio Dylan Thomaz, who worked with the owner to refresh the look of the property, says it is truly unique. ‘The design is timeless and classic. It has so much soul and depth,’ he says. PAST MEETS PRESENT With its white walls, terracotta roof, shutters and sea views from every room, the property has a sense of a Mediterranean villa. It’s designed for ‘easy beach living,’ confirms Thomaz. Earthy, concrete screed floors give the house a richness that mirrors the dark wood throughout, balconies included, but are equally practical for beach-to-pool living. Subtle touches, such as different shades of the same palette used to tint the floors and textured wallpaper in the dining room and bedrooms, give it a richness that feels both classic and contemporary. There’s also a nod to the heritage feel of the property – the floors, for instance, remind you of a highly polished stoep where families would gather at the end of the day. This is in keeping with its past: the original house was the worker’s cottage for the manor house of Clifton.

INSIDE AND OUT Thanks to the consistent design, the flow from each floor is seamless. The ground level features a welcoming entrance hall with two spare bedrooms, which have the privacy of a dedicated floor. The second floor is the heart of the home, with an open-plan dining area and kitchen that leads onto the balcony and a TV room. The kitchen, too, has an old-world feel thanks to a feature brass extractor fan and the use of dark wood. There are also some charming surprises, such as the floating wooden stairs leading you from the second floor to the main bedroom above. The top floor is dedicated to the main bedroom – a comfortable retreat with a balcony that again serves up panoramic views of the ocean – and a casual lounge with exposed wooden ceilings. The textured sisal wallpaper is one of the homeowner’s favourite additions to the house, which previously had stark, white walls throughout. ‘It really gives it warmth and adds a different dimension and feel to the place,’ she says. The lounge opens onto the pool, a decked area with seating and a koi pond, surrounded by established trees and plants. The outside areas have been curated to create multiple spaces to relax and take in the views – be they the sea from the kitchen and main bedroom, or the mountain from the garden. ‘Stacked doors mean you can open the house up,’ says Thomaz. ‘Wherever you sit, you feel like you are lost in time. You can just completely enjoy the moment.’ dylanthomaz.com

Because the home is set back from the sea, it offers expansive views over Table Bay. ‘You have amazing views of the Twelve Apostles and on some days you can see right to Llandudno,’ says Thomaz. The kitchen and dining area leads onto one of two balconies

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‘WHEREVER YOU SIT, YOU FEEL LIKE YOU ARE LOST IN TIME. YOU CAN JUST COMPLETELY ENJOY THE MOMENT’ DYLAN THOMAZ, INTERIOR DESIGNER, STUDIO DYLAN THOMAZ

MAY 2017

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SHOW HOUSE

FROM TOP The view from the kitchen and scullery is one of a lush garden, which complements the dark wood used in the cabinetry. â&#x20AC;&#x2DC;The garden includes a koi pond and it feels as though you are part of the forest. It has an off-the-beaten track feel to it,â&#x20AC;&#x2122; says Thomaz; in the dining room, you can get a real sense of how all the textures work together. Sisal wallpaper, concrete and wood co-exist beautifully OPPOSITE While the home has a contemporary lived-in feel, the kitchen is all about celebrating the past: rich, dark wood, a vintage-style stove and copper pots with a dramatic view of granite through the window

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SHOW HOUSE

FROM TOP The main bedroom has been designed to maximise views of the ocean, thanks to stacked doors that open onto a balcony. The bathroom and closet are housed behind shuttered doors; wood, as with the rest of the house, is a dominating feature, which the homeowner has complemented with pieces sourced from Bali OPPOSITE The casual lounge, which flanks the main bedroom on the top floor, provides a cosy indoor area to relax

FOR SALE This three-bedroom Clifton property is on the market through Tyson Properties for R49.5 million. For more information, visit tysonprop.co.za (web reference RL27542).

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‘THE DESIGN IS TIMELESS AND CLASSIC. IT HAS SO MUCH SOUL AND DEPTH’ DYLAN THOMAZ, INTERIOR DESIGNER, STUDIO DYLAN THOMAZ

MAY 2017

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The property borders the slopes of Lion’s Head, giving it a unique backdrop RIGHT FROM TOP The balcony leading off the main bedroom is one of the many cool, quiet places to relax. ‘There’s a space for every mood in this house,’ says Thomaz; the granite boulder is the dominating feature of the property, which has mountain and sea views in equal measure

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B AT H R O O M T R E N D S

WATER WORLDS

Bathrooms have become showpieces in their own right, with style identities to rival the rest of the house. We focus on five hot trends TEXT Julia Freemantle PHOTOGRAPHS Karl Rogers, Brad Knipstein, Johan KalĂŠn, supplied and Aloys F Dornbracht GmbH & Co. KG, Iserlohn, Deutschland

MONOCHROME

B AT H R O O M T R E N D S

02 03

BLACK AND WHITE ARE BASICS, YES. BUT THEY’RE BEING TAKEN TO MORE EXTREME, GRAPHIC HEIGHTS TAP INTO IT Consider different colour taps instead of chrome. Design has evolved so far that you can literally choose any colour you want. Black and gold (both yellow and rose) are good choices for their timelessness. And for something really different, white is the newest hot colourway – it’s fresh as well as graphic

Black and white are basics, yes. But they’re being taken to more extreme, graphic heights in bathroom design. The effect is dramatic. OPENING IMAGE Black basins are a big statement, even more so paired with matching taps. This supremely cool space using the Opera collection by Italian outfit Altamarea (altamareabath.it), a range inspired by the Scandinavian cabinets of the 50s and 60s, shows just how effective layering tones of black and grey can be, despite its inherent simplicity 01 This ultra-contemporary application by Agape (agapedesign.it) pairs straight lines and slim proportions. The narrow vertical wall tiles are echoed by a wafer-thin countertop, the starkness of which is accentuated by the monochrome palette 02 The new Cuna bath by Patricia Urquiola for Agape (agapedesign.it) is a celebration of form – a blend of lines and curves in contrasting colours. This is an especially striking colour combination, even more so because of the novelty of the tub being the black element 03 These overscaled metro tiles, laid herringbonestyle in a shower by designer Hannah Crowell (crowellinteriors.com), have flecks of white in them, which add texture and lift the surface. This is a great solution if you want an element of black but still want the room to feel light and airy 04 A blocky bath with black knobs and severe angles are hallmarks of the Dornbracht Deque range (dornbracht.com). A flat, wide spout makes the presentation of the water a key element, while the severity of the mixer highlights the angular shape of the bath

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04 Any strong design direction will prompt an opposite reaction, which accounts for the coexistence of the minimal and ornate. 01 The elegant lines of Dornbracht’s Vaia range (dornbracht.com) interpret traditional elements for a modern bathroom. They’re also in keeping with the textures such as the metal and marble. Together, they create a sophisticated space 02 This tailored Devon & Devon (devon-devon.com) bathroom has all the hallmarks of a classic: the symmetrical wall sconces, freestanding tub, large-scale marble tiles and dressing-table station. The Hollywood bathtub brings together traditional form and contemporary technology. Although this one is in white, the Colour-Tec technology allows for a choice of more than 500 shades 03 The Kohler Marrakesh (kohler.co.uk) range draws on the Moorish patterns and materials of a Marrakesh courtyard. With the tile motif adapted to a threedimensional object, its artisanal appeal and unusual forms (the tap is especially unique) is a statement-making design 04 The newly opened Silo Hotel in Cape Town has made a showpiece out of its incredibly bathrooms. Liz Biden of The Royal Portfolio (theroyalportfolio.com) has injected her signature opulence into the spaces, which combine ornate light fittings and consoles with freestanding tubs and velvet-covered furniture, looking out over the city, for a bath ritual that’s all about the senses OPPOSITE PAGE Small guest bathrooms are the perfect environment to go all out – the cost is comparatively low when using expensive materials and the space is one seen by all. This De Gournay-designed (degournay.com) Orientalmeets-Art Deco space is all about gloss – the Rateau wallpaper on gold bullion gilded paper and the black walnut and oak cabinets create a glowing enclave

MAY 2017

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ORNATE

B AT H R O O M T R E N D S

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B AT H R O O M T R E N D S

Sleek, simple, straight lines and edited-down spaces may seem purely functional, but part of the art is in the lack of adornment. Concrete and wood are popular choices here to create texture and depth without pattern or clutter.

MINIMAL

01 Minimal needn’t mean angular. It can also come in the form of organic lines and natural textures, such as these Scandi-inspired accessories from Weylandts (weylandts.co.za). They’re simple but not cold or sterile 02 & 03 In contemporary bathrooms, spouts and taps are becoming more pared back. These Agape (agapedesign.it) and Altamarea (altamareabath.it) designs illustrate how uncluttered a vanity can be if you remove the pipes and taps. Also note the flat basin surface with seamlessly inset drainage 04 Blok’s (blok.co.za) designs are known for a slick, urban aesthetic where function and form are both priorities. This open-plan penthouse space in its TWELVEONV development was created in collaboration with Weylandts (weylandts.co.za). The inside-out bathroom is part of the bedroom and makes the most of a long, skinny space with streamlined, freestanding fittings 05 When taking a sleek approach in terms of style and silhouette, consider extending it to storage and accessories, too, by cutting the clutter and thinking creatively. This elegantly simple Caesarstone (caesarstone.co.za) bathroom allows the surfaces to shine by keeping distractions to a minimum

04 05

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DORNBRACHT The Shower Collection

02 03

Vertical Shower

Horizontal Shower

Dornbracht has developed showers that use a combination of water jets at different temperatures and varying flow pressure to promote a long-lasting feeling of well-being throughout the body.

T H E B AT H R O O M E X P E R T S

37 Paarden Eiland Rd, Cape Town - Tel: 021 5117888 E-mail: info@flushbathrooms.co.za www.flushbathrooms.co.za

B AT H R O O M T R E N D S

ONE MATERIAL

A blanket use of one surface – floorto-ceiling surfaces, finishes, fittings – creates an increased sense of cohesiveness and spaciousness

01 In line with the fact that the spaces in his home are mostly open plan, Tristan du Plessis from Studio A (studioa.co.za) designed the bathroom as a single space, rather than breaking it up into sections. A generously proportioned tile adds to this effect in what is a really dramatic and yet unoppressive space 02 Swedish designer Jonas Lindvall’s (jonaslindvall.com) quartzite bathroom is the pinnacle of material application. Seamless, with curved corners and a sense of solidity, it combines a respect for craft with an extremely contemporary silhouette to create a statement space

MAY 2017

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I love the earthy, natural textured look that Cemcrete is able to achieve. It is the perfect blend of elegant, modern refinement and a down-to-earth honest expression of material.

Alexandra Singer SatinCrete

A BLANKET USE OF ONE SURFACE CREATES AN INCREASED SENSE OF COHESIVENESS AND SPACIOUSNESS

A thin-skim, cement-based decorative plaster that creates a smooth, coloured finish. Perfect for bathroom walls and vanities as it’s waterproof, once sealed.

Colour Hardener A granolithic concrete material that is floated into fresh screeds to colour, strengthen and create a durable surface. Interior and exterior use.

Visit one of our showrooms Johannesburg 227 Jan Smuts Avenue Parktown North Centurion 15 Coachmen’s Park 26 Jakaranda Street Hennopspark Cape Town Eagle Park Computer Road Montague Gardens R

Manufacturers of Distinctive Decorative Coatings www.cemcrete.co.za

0860 CEMCRETE

enquiry@cemcrete.co.za

NAVY BLUE

B AT H R O O M T R E N D S

While black will always be timeless, navy has become an excellent alternative, perfect for those who want the drama but feel black is one step too far 01 For a classically influenced look, navy is an inspired choice â&#x20AC;&#x201C; it works beautifully with the metallic vintage wall sconces and grounds what is an otherwise quite light space. Homeowner Chessie Ellenbogen also chose to accentuate the palette with a fresh mint wall colour, further adding to the crispness 02 Timber and navy are a marriage made in heaven â&#x20AC;&#x201C; the blue makes the timber more sophisticated while the wood counters the coolness of the colour. Irregularly sized wall panelling adds to the nautical cabin effect

Visit estatemagazine.com for forward-thinking property investment, inspiring architecture, trendsetting design and decor, and luxury travel, food and wine. Home to your favourite REAL ESTATE magazine content.

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T R AV E L T R E N D S

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MILE-HIGH LUXURY

When it comes to in-flight luxury and an innovative design aesthetic, global airlines are demonstrating that the sky’s the limit TEXT Richard Holmes PHOTOGRAPHS iStock by Getty Images, supplied

here’s never been a better time to fly in the rarefied world of first and business class. Amid heated competition for passengers willing to pay a premium for long-haul comforts, global airlines are embracing luxury brands and custom design to create a luxury experience from boarding to arrival. ‘Good design shows our customers that we care about them,’ says Peter Cooke, design lead for aircraft cabins at British Airways (britishairways.com). ‘The end goal is always to create truly great experiences for our customers.’ He adds that the airline’s ongoing cabin evolution is always a reflection of the brand’s DNA. ‘It’s a nod to our heritage, but should be progressive, modern and contemporary,’ he says. That is perhaps best exemplified in BA’s new-look FIRST cabins. For inspiration, the design team turned to classic British brands, a process they dubbed ‘heritage in progress’. Taking their cue from classic automotive interiors – Bentley, Jaguar, Aston Martin – the result is a timeless in-flight product. ‘One of our blueprint principles was design for a reason; nothing was superfluous,’ says Cooke. ‘Everything had a purpose and function was paramount.’ That translates into understated luxury in the Italian leather with twinstitch detailing. The foldaway table features a leather writing surface and intricate barley-print detailing. It’s more private club than airline seat. Electronic blinds across the double windows are managed by a single integrated control. A 21in monitor delivers in-flight entertainment in a cabin with improved space and stowage. ‘The trend is to have a more private suite space, which we incorporated into the design,’ says Cooke. CABIN CONFIDENTIAL Since Singapore Airlines (singaporeair.com) launched its first suites aboard the A380 superjumbo, airlines have been expanding the amount – or at least perception – of private space on offer in their premium cabins.

With The Residence, Etihad (etihad.com) delivered a private apartment with separate bedroom, lounge and washroom but few can afford its hefty price tag. Rather, first and business class is the battleground driving innovation at 35 000ft. Surprising, then, to see a US legacy carrier, never known for being first out the blocks, leading the charge in the business class battle. Atlanta-based Delta Air Lines (delta.com) will launch its new Delta One suite in late 2017, becoming one of the first business class cabins in the world to feature a sliding privacy door for each suite. ‘People like to have some privacy and the feeling of owning their space,’ says Ryan Graham, senior designer at Factorydesign, the London-based firm responsible for the product. ‘It is a major step forward in business class travel.’ Along with a full-height sliding door at the entrance to each suite, the new product delivers ambient lighting and contemporary design. Delta One will initially launch as part of the airline’s new Airbus A350 aircraft, before being retrofitted to its Boeing 777 fleet, the aircraft used on its ultra-long-haul route connecting Johannesburg and Atlanta. Qatar Airways (qatarairways.com) may just pip Delta to the post, though. At this year’s ITB Berlin travel trade show, the Doha-based carrier revealed its innovative new QSuite business class product, which will launch in June this year. Italian leather and satin-rose gold finishes deliver the levels of luxury you’d expect from the airline that clinched World’s Best Business Class in the 2016 Skytrax awards. But the real talking point is the innovative seat layout and adjustable privacy panels allowing up to four suites to be converted into a private space. It’s a boon for time-pressed business travellers looking to justify the cost of a premium cabin. The airline also turned to The White Company of London to create custom sleeper suits, a perk usually reserved for first class. Luggage brand BRIC’S and Castello Monte Vibiano Vecchio took care of the revamped amenity kits.

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T R AV E L T R E N D S

LUXURY DESIGN ON-BOARD Global carriers are increasingly playing off the cachet of well-known luxury brands. In 2017 British Airways is embracing homegrown design with first class washbags by Liberty. Issued in a range of eye-catching designs, they’re filled with top-drawer skin products by Refinery and Aromatherapy Associates. In its new Polaris business class product, American carrier United (united.com) partnered with Saks Fifth Avenue for custom-designed bedding and turned to Soho House & Co’s Cowshed Spa to stock its amenity kits. Likewise, American Airlines (aa.com) brought Chicago brand Cole Haan on board, topping the kits up with products from 3LAB and Clark’s Botanicals. Dubai-based Emirates (emirates.com), never a laggard in the world of luxury, taps into Irish brand VOYA for airport lounges and onboard showers, while Italian luxury icon Bulgari took care of the revamped amenity kits. Qatar Airways, meanwhile, opted for Giorgio Armani fragrances and products in its first-class kits. PROPER AIRLINE FOOD (REALLY) Just as luxury brands add extra appeal to premium cabins, so the culinary offering is becoming a crucial selling point. Airlines continue to work with awardwinning chefs. Cathay Pacific (cathaypacific.com) recently partnered with chef Pino Lavarra of Michelin-starred Tosca restaurant at The Ritz-Carlton in Hong Kong to bring Italian flair to its premium menus. United works with Bill Kim of Chicago eatery Urbanbelly. British Airways has worked with Heston Blumenthal to revamp its in-flight dining in the past. On selected flights, Air France (airfrance.com) offers guests in La Premiere (first class) the choice of menus by Joël Robuchon, Guy Martin and Daniel Boulud.

MAY 2017

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GLOBAL CARRIERS ARE INCREASINGLY PLAYING OFF THE CACHET OF WELL-KNOWN LUXURY BRANDS

OPPOSITE TOP LEFT Perfect privacy is a key selling point of class-leading First Cabins such as La Première on Air France; British Airways is investing millions in evolving its in-flight dining for premium passengers; the Delta One Suites are setting the bar high for American carriers; in the Middle East, the space and privacy of Etihad’s First Apartment is a hard act to follow FROM TOP For British Airways, luxurious FIRST seats evoke the finest traditions of bespoke British design; Virgin Atlantic is expanding its network of trendsetting Clubhouse lounges

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T R AV E L T R E N D S

TAILOR-MADE FLYING But touting chefs in toques is no longer enough. The savvy airlines are broadening their scope to include more bespoke experiences. Emirates has been quick to flaunt its luxury credentials with its Dom Pérignon service in-flight. The airline offers exclusive vintages onboard, complete with canapes created in collaboration with Pascal Tingaud, the chateau’s Michelin-starred Chef de Cuisine. The airline also recently reimagined the iconic horseshoe-shaped lounge/bar aboard its fleet of Airbus A380s. ‘In our latest revamp, we have taken inspiration from private yacht cabins,’ explains Tim Clark, president of Emirates. ‘We have increased the seating space, and also made it more intimate and conducive for our passengers to socialise or enjoy our lounge service.’ Soundproof curtains separate the bar from the premium cabins, while mood lighting, surround sound and large-screen TVs help you forget you’re at 35 000ft. Cathay Pacific took a more unusual approach recently, with the world’s first handcrafted beer brewed to enjoy at altitude. The Hong Kong Beer Co used fuggle hops, Dragon Eye fruit and honey from Hong Kong’s New Territories to produce the Betsy Beer, a full-bodied craft ale ideal for high-flying beer lovers. DOWN TO THE GROUND It’s not all about what’s on board. Airlines are paying as much attention to the passengers’ experience on the ground as in the air. Cathay’s new lounge at Heathrow T3 sticks to the airline’s contemporary Asian aesthetic. Artwork is by noted Chinese artist Han Feng and the Solo Chairs are from the airline’s lounges at Hong Kong International Airport. The airline has also invested on home turf, expanding The Pier business class lounge. Despite seating more than 500 travellers, the design by London-based Studioilse delivers an intimate, sophisticated space. The full-service marble bar remains, complete with Cathay’s signature cocktails, while the noodle bar and tea house bring a distinctly Asian identity to this cosmopolitan globetrotting space. Although on a smaller scale, there’s a similarly international feel to the new Emirates lounge at Cape Town International Airport. As part of a global revamp of its lounges, Emirates invested almost $3 million in the facility. It’s the 14th lounge worldwide to boast the airline’s new lounge concept and incorporates Italian marble floors, leather armchairs and walnut wood finishes just a few steps from the aircraft. Back in London, British Airways is about to open a new First Wing at T5 that will similarly offer a seamless journey from check-in to the exclusive Concorde Room to the revamped FIRST cabins. Great design, they say, is invisible, and yet it’s also memorable. For Peter Cooke and airline designers worldwide the quest continues to transform just how memorable the world of premium travel can be.

CLOCKWISE FROM LEFT It takes up valuable real estate on-board but glamorous in-flight bars help to woo premium passengers aboard Emirates’ A380 fleet; Cathay Pacific’s sleek new premium lounge at Heathrow T3 mirrors the Hong Kong carrier’s contemporary Asian aesthetic; Dubai-based Emirates is also investing heavily in its offering on terra firma, spending $11 million to revamp its haven for business class passengers in Dubai International Airport’s concourse 2

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DESIGNER GEAR 1. The world’s first ‘rideable’ luggage, Modobag (modobag.com), can whisk you more than 9km on a single charge and can be recharged in just an hour. It also features built-in USB ports for connectivity on the go. The fact it weighs a shade over nine kilograms shouldn’t bother too many business class travellers. 2. British luggage-maker Globe-Trotter (globe-trotter.com) has been an icon in the world of travel since 1897, with clients including Sir Edmund Hillary and Sir Winston Churchill. They remain the suitcase of choice for Queen Elizabeth II. Last year they even

launched a capsule collection in honour of Her Majesty’s 90th birthday. Royal Claret fibreboard matches QE II’s personal Range Rover and helicopter, while leather straps are edged in gold ink and finished with gold hardware. 3. Locally, Melvill & Moon (melvillandmoon.com) bring similar credentials to the world of African safaris. Hand-stitched in their Port Elizabeth factory, their range of hard-wearing yet stylish luggage is worthy of any African adventure. If it’s good enough for Kingsley Holgate, it’s good enough for me.

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ADVERTORIAL

GOURMET

WINTER ESCAPE

Tintswalo Atlantic’s new tasting menu makes this Chapman’s Peak landmark an irresistible weekend retreat

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n This winter, Tintswalo Atlantic’s special Winter Warmer package, valid from 1 May to 31 August 2017, includes luxury accommodation right on the water’s edge, breakfast and a five-course dinner (note this is not the eight-course tasting menu) with a bottle of house wine, at R7 000 for two people sharing. n Starting this month, executive chef Guy Clark will initially present his Ocean & Ash dinner tasting menu once a week, for a maximum of 10 guests, at R850 per person. Reservations are essential. To book, email res1@tintswalo.com or phone Tintswalo Atlantic on +27 (0)11 300 8888. tintswalo.com/atlantic

PHOTOGRAPHS Supplied

ith the arrival of executive chef Guy Clark, things are set to change at Tintswalo Atlantic, arguably one of Cape Town’s most spectacular dinner destinations. But it wasn’t the views alone that tempted Clark back to his hometown, having honed his culinary skills in India and Florida for the past four years. The opportunity to make Tintswalo Atlantic the go-to restaurant for Capetonians with a new perspective on food and a unique taste experience has resulted in the new eight-course Ocean & Ash tasting menu based on different themes. Many of the ingredients are sourced locally or foraged. Expect unusual plating and a superb menu – beginning with seaweed, of course. Tintswalo Atlantic lodge was completely rebuilt in 2015, following devastating veld fires, and now includes a beautiful new wooden deck for 12 additional diners. The open-plan kitchen allows guests to relax completely and enjoy an interactive dining experience while watching Chef Clark and his team at work. The lodge is one of only a handful of places in Cape Town where guests are able to engage all the senses as part of a unique culinary experience: dining close to the ocean, listening to the crashing waves below and breathing in the fresh sea air. And if pre-dinner sundowners don’t get better than this, can you imagine waking up here the next morning?

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P R O P E R T Y N E W S , AWA R D S A N D I N V E S T M E N T A D V I C E

ROUND THE BEND

TEXT Genevieve Putter PHOTOGRAPHS Jonx Pillemer, James Murphy, Deborah DeGraffenreid, Adam Letch and supplied

With residential skyscrapers along 57th Street in Manhattan a growing trend, architectural firm Oiio has conceptualised a building set to be the worldâ&#x20AC;&#x2122;s longest. The Big Bend draws attention to the questionable trend in Manhattan of a buildingâ&#x20AC;&#x2122;s height impacting price, namely the higher it is the more expensive the square meterage. But instead of height being the prestige factor, they ask, how about changing the narrative to length? oiiostudio.com

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MARKETPLACE

AN ODE TO THE ARCH A collaboration between world-renowned architectural firm Snøhetta and South Africa’s Local Studio was revealed at Design Indaba in March. Arch for the Arch is a memorial to Archbishop Desmond Tutu and his work over the years as a human rights activist. It’s also a reminder to all South Africans that the trust between government and the governed is of critical importance now more than ever. Through various workshops the two firms came up with the shape of an arch that will consist of 14 intertwined strands of bent wood, representing the 14 chapters of the South African constitution. The first arch will take its permanent location in Johannesburg at South Africa’s highest judicial court later this year. The second arch will take its place in Cape Town between St George’s Cathedral, where Tutu served as archbishop, and the National Parliament. These two sites serve to symbolically link the sites of Parliament and the Constitutional Court. snohetta.com, localstudio.co.za

IF YOU GO DOWN TO THE WOODS… Just under two hours upstate from the Big Apple is a prestigious new development called Hudson Woods, an oasis close to nature. Designed by Lang Architecture, the designer wooden cabins have been built with sustainable materials and are completely customisable. The cabins are the perfect out-of-town holiday homes for design-savvy buyers who have between $795 000 and $1.22 million for the standard three-bedroom, two-bathroom home. Architizer A+Awards has also nominated Hudson Woods for an award in its Multi-Unit, Low-Rise category. hudsonwoods.com

BEACH LIFE Crystal Lagoon at the Blyde at Riverwalk Estate in Pretoria East will feature a 1.5ha lagoon as part of the R4.2 billion residential development. Brought to the market by Balwin Properties, it will include various residences set along the water’s edge, with swimming, paddleboarding and kayaking part of the offering. Lagoons use 30 times less water than a standard golf course, which is good news in these water-restricted times. The one-, two- and three-bedroom units offer secure and affordable living, ranging in size from 45m2 to 120m2. balwin.co.za

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Priced from R1.175 - R5.3 million Prices set to increase 1 May 2017. Buy now and save.

edfordview is considered to be the city’s ‘Jewel of the east’. It is highly sought-after for its leafy surrounds, generous space, and easy access to greater Johannesburg

and Ekurhuleni. Modern and slick, Infinité Bedfordview is characterised by light, comfort and the muted hues of charcoal, stone, brushed steel, oak and iceberg white. There are quality finishes, including porcelain tiles, and the latest Bosch and Hansgrohe appliances and fittings. Large windows open each living space to expansive surrounding views. MUST WATCH: YouTube video - Search: Infinité Bedfordview (Fatasy Property Developers) ON SHOW: TUESDAY - SUNDAY 10am - 5pm. Pointers from Nicol and Bradford Rds. Opposite Eastgate Mall (JHB).

Construction Commenced.

New heights for Bedfordview.

JOHANNESBURG EAST SPECIAL PROJECTS Glen Bester 082 870 4264, Office: 010 595 4300 pamgolding.co.za/infinite

MARKETPLACE

THE MAGIC THREE WORDS What3Words aims to solve the issue of locations without addresses. A global grid consisting of billions of 3m2 by 3m2 blocks was created, each labelled with three random words, to better pinpoint inaccessible property. Locally, the founders have teamed up with nongovernmental organisation Gateway Health, who provides emergency services to rural communities, to print the addresses of residents of KwaNdengezi informal settlement outside Durban. These can be displayed in homes so they are easy to find in an emergency. what3words.com

Fourways : 011-691 7700

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Silver Lakes : 012-809 3519

Umhlanga : 031-566 6777

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MARKETPLACE

PROPERTY INVESTOR ADVICE COLUMN

CUTTING LOOSE The ins and outs of subdividing a property TEXT Patrick Cairns PHOTOGRAPH iStock by Getty Images

G GOING GREEN IS HEATING UP Last month, the V&A Waterfront’s Silo District celebrated a double win. The European Centre for Architecture Art Design and Urban Studies, along with The Chicago Athenaeum, recently awarded the Silo District a 2017 Green Good Design Award. In addition, the Green Building Council of South Africa awarded No 5 Silo a prestigious six-star design rating. No 5 Silo’s most notable green features include a highperformance facade that ensures optimal use of natural lighting, a landscaped roof with photovoltaic and an advanced seawater heating and cooling system. It was built using sustainable timber, and more than 70% of waste on-site was recycled. gbcsa.org.za

iven how much it costs to maintain a large property, many homeowners might consider subdivision to reduce monthly rates, and provide a financial windfall to pay off the bond or other debt. But the process is neither simple nor quick. In some cases it could take up to two years to obtain the required approval. To start, determine whether your property can, in fact, be subdivided. Different areas have different zoning scheme regulations that will determine the minimum erf size for any property in that area. Your property will have to be at least double the minimum size for subdivision to be possible. Some title deeds also contain clauses that the property may not be subdivided. It is sometimes possible to have this stipulation removed with approval from anyone who may be affected. But this would mean extra costs and admin, and it would increase the length of the process. As the subdivision process is complicated, it is advisable to ask experts for guidance. It’s best to find professionals who have experience in your particular area, as the specific requirements differ from one location to another.

A town planner or land surveyor would be able to assist in preparing the application and presenting it to the council. They will then ask an engineering company to put together a services report. This will look at how the proposed new erf would access bulk services such as sewerage, water and electricity. Bear in mind that you will have to pay the cost of extending access to these services. A conveyancer could then handle the legal aspects and ultimate sale. The plans will be submitted to the council together with the required application forms. If it is necessary for the owners of the surrounding properties to provide their approval, these will also be included. Once the council has received everything, it then needs to consider the application. This can take a number of months as it needs to be circulated among a number of different departments. When a decision is reached, the municipal town planner will send a letter to the appointed conveyancer to indicate whether or not the application is approved, and if so, what conditions are attached. If it is necessary to give notice to the general public, this will have to be done in two local papers as well as the government gazette. If the property is bonded, you’ll need the bondholder’s consent before a subdivision can take place.

NEXT ISSUE RUNNING A BUSINESS FROM HOME

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LH 650

Catering to the discerning luxury market.

PARYS, FREE STATE, SOUTH AFRICA

â&#x20AC;˘

R175 MILLION

This newly completed homestead along the Vaal River enjoys magnificent river views. The three-storey property includes six bedroom suites, numerous casual and formal receptions, a wine cellar, art gallery, movie theatre and gourmet kitchens. The entertainment boma overlooks a feature pool, tennis court and helipad, with your own helicopter included. The property also includes active springs, forests, 16 camps, fully operational and viable commercial cattle farming activities, and 20km of roads. Also included is a managerâ&#x20AC;&#x2122;s house and staffing for 10. Sold furnished. Bedrooms 6 Bathrooms 7 Garages 7 Living areas 8 Regan Harris +27 (0)82 320 6464 regan@hamiltons.co.za www.hamiltons.co.za web ref: 13468035

LH 651

Exceptional homes. Powerful network. Finding your home is a personal process of discovery. The accomplished global network of LuxuryPortfolio. com is ready to assist in the journey. To explore the world’s finest properties, enter the web reference.

CONSTANTIA UPPER, CAPE TOWN, WESTERN CAPE • R65 MILLION

This magnificent Mediterranean-style home is tucked away in a quiet cul-de-sac in Constantia Upper and is set on two acres of grounds, with impressive vineyard and mountain views. Large wrought iron automatic gates open onto a sweeping driveway with ample parking for guests. The main entrance includes a wooden walkway over a beautiful water-feature filled with Koi and water plants. The grand wooden front doors open onto a doublevolume entrance hall with a magnificent chandelier. Curved staircases on either side lead to three large bedrooms upstairs. Another two bedrooms are located downstairs, all with en-suite bathrooms. Features include a formal lounge, TV room, family room, outdoor braai room and a bar with separate downstairs wine cellar. Bedrooms 5 Bathrooms 5 Garages 4 Living areas 4 Sally Gracie +27(0)83 459 9523 sally@everitt.co.za Di Forster +27(0)72 122 9798 di.f@everitt.co.za www.chaseveritt.co.za web ref: CSFB-1641

DAINFERN GOLF ESTATE, WATERFRONT, JOHANNESBURG, SOUTH AFRICA • R28 MILLION

The double-volume entrance of this Tuscan-style home leads you into an open-plan tiled living area. The lower level includes a large lounge, bar area and dining room with seamless stack doors that lead onto an entertainer’s covered patio. The self-contained multimedia lounge leads onto the patio. The gourmet kitchen includes a bespoke blu_line design with four ovens, built-in coffee maker and fridges, and a combination hob. A spacious pantry, scullery and utility room are off the kitchen. The large wooden and tiled staircase leads you into the upstairs living area. This comprises two large en-suite bedrooms, a pyjama lounge and the master suite. All lead onto the wraparound balcony overlooking Dainfern and the lakes. The master suite features a wooden fitted dressing room, Jacuzzi, his-and-hers basin, and shower with a quaint Juliet balcony. The landscaped irrigated gardens includes an infinity pool, Jacuzzi and boma with a fire pit. Bedrooms 5 Bathrooms 5 Garages 4 Living areas 4 Brian Falconer +27(0)82 651 7890 brian.falconer@everitt.co.za Richard Miller +27(0)76 835 5170 richard.miller@everitt.co.za www.chaseveritt.co.za web ref: CDFN-0842

LH 652

LH 653

LH 654

The RE/MAX Masters team has been prominent in the residential letting and sales field for the past 15 years, including areas such as Sandton, Randburg, Roodepoort and Johannesburg. We take pride in our exceptionally high service delivery.

EAGLE CANYON GOLF ESTATE, ROODEPOORT, GAUTENG, SOUTH AFRICA • R10.9 MILLION

This home has been positioned to maximise the unobstructed views of – and access to – Eagle Canyon Golf Estate’s golf course. The open-concept floor plan, use of glass sliding doors, panoramic windows and raised door heights maximises the natural light. The double volume entrance hall sets the tone of the remainder of the home and boasts a Barcode cladding feature. Three receptions are located on the lower level, as well as the formal lounge and family room with fireplaces. The modern kitchen is fitted with a gas and electric hob, double eye-level oven, central island and ample cupboard space. A separate scullery houses the appliances. The large main suite boasts a separate dressing area and flows onto a large semi-enclosed balcony with a Jacuzzi. The main en-suite bathroom is complete with his-and-hers vanities and an oversized shower. The spacious patio with built-in Syam gas braai has space for both lounging and dining, and overlooks the heated pool and manicured garden. A pyjama lounge situated on the upper landing, offers an additional space for the family to gather. Bedrooms 5 Bathrooms 4 Garages 2 Living areas 4 Lance Heroldt +27 (0)82 553 7321 lance@remax-masters.co.za www.remax.co.za web ref: WLTP-4866

EAGLE CANYON GOLF ESTATE, ROODEPOORT, GAUTENG, SOUTH AFRICA • POA

A neutral palette is apparent in all areas of this home, creating a space that is soothing, sophisticated and warm. The floor plan encompasses a formal lounge, dining room, large gallery and family room. The open-plan kitchen includes ample cupboard space, a large pantry, scullery, eye-level oven and gas hob with additional triple oven. The expansive covered patio has space for outdoor dining and lounging, and overlooks the pool and manicured garden. The three well-sized bedrooms open to a shared balcony. The main suite offers a walk-in closet, separate TV lounge/study and full en-suite bathroom with a rain shower, Auxor taps, Swarovski crystal listello tiles and his-and-hers vanities. Extras include recessed lighting, air-conditioning, blinds, bespoke curtaining, 7kWh automatic battery backup inverter system, an alarm, imported wallpaper and pool with heating function. Bedrooms 3/4 Bathrooms 3 Garages 3.5 Living areas 4 Lance Heroldt +27 (0)82 553 7321 lance@remax-masters.co.za www.remax.co.za web ref: WLTP-4805

BUILDING BLOCKS

Propertuityâ&#x20AC;&#x2122;s new Maboneng headquarters is a nod to the past and an investment in the future of this thriving Johannesburg area TEXT Julia Freemantle PHOTOGRAPHS Elsa Young

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t’s so much easier to buy into a concept when the company selling it does so emphatically. Propertuity, South Africa’s urban regeneration pioneer, has invested hugely in Maboneng and is gradually building a neighbourhood of affordable forward-thinking residential developments, mixed-use spaces and cultural hot spots. Its entire Johannesburg operation is based there, too, in Siemert Street. The wedge-shaped Flatiron-esque building commands a corner across from the soon-to-be-complete Hallmark House hotel. A joint venture with property company Quorum, with whom Propertuity has joined forces on a number of buildings, Work + Art is a six-storey building that used to be owned by Weil and Asheim, a major investment group whose CEOs included famous Joburg businessman such as Manny Simchowitz and Brian Joffe. Their success resulted in a luxurious space whose signs of prosperity can still be seen in architectural details such as the wooden panelling and marble bathrooms. After they moved on, the building became the base of numerous clothing manufacturers (Doornfontein has a long history as a centre for CMTs). All this history helped to inform the spirit of the current incarnation, from the design to the name – Work + Art refers to the original owners, as well as a valuable private art collection the building once housed. ‘We chose it because, in addition to the fact that it’s a fantastic building – together with Hallmark opposite – it forms a commanding presence and represents our vision for the area, something you experience visually as you come off the highway and up Siemert Street,’ says Neil Eliason from Quorum. As with all Propertuity developments, it has a unique identity, sophisticated design and community focus. In addition to Propertuity and Quorum on the sixth floor, there are a number of anchor tenants, including Nedbank retail and Stallion Security. SMEs and consultancies occupy the rest. Propertuity has injected its signature art and design expertise into the public spaces, as well as its Mad Men meets edgy urban sixth-floor HQ, which is a tribute to the mid-century history of the space. ‘Our upgrade has tried to reinforce this language as it sits well with the progressive ethos of the building and its tenants,’ says Jonathan Liebmann, founder of Propertuity. In line with this, Aimee Henning of Malica Design has created a subdued and sophisticated environment with meeting pods, velvet sofas in jewel tones and elegant wood-and-metallic panelling that echoes the tone of the original space, but with an artisanal twist. It all feels surprisingly and wonderfully cosy and old world, offsetting the real urbanness of the street below. From the facade with its sculptural steel and landscaping installation, to the surrounding pocket park and the foyer’s vibrant sculptures and artwork, the effect is dynamic and alive with plants, colour and people. The rooftop, too, features artwork by rising young artists Jake Singer and David Brits, which frame the skyline to quite breathtaking effect. And, while it does have a rich art culture, contrary to popular belief (or public assumption), Maboneng is not just an area for bars and galleries. There is a thriving property market – both investment and rental (which is Propertuity’s biggest business) – and one where Propertuity is carving out a niche as leaders in accessible but desirable housing. Its vision for spaces and how they can assume an identity makes its developments stand out from many generic apartment blocks going up around South Africa. Each draws on the history of the area – whether through its name or by using an existing piece of the city and adding to it – so that the character of the area has never been lost, despite massive regeneration, a vote of confidence in what the city has been, and can be. This confidence is contagious, and not just with the public. Massive corporates and big-name architects have put their stamp of approval on the vision, including David Adjaye, whose collaboration with Propertuity on Hallmark House is one of the most eagerly anticipated hospitality projects in Joburg history, as well as finance giant RMH’s investment in a third of Propertuity as part of its new niche property portfolio. propertuity.co.za

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WORKING IT

CLOCKWISE FROM TOP LEFT Artisanal details start in the foyer; in the reception area, art, plants and sculptures make an impactful entrance to the W+A building; local design pieces make the boardrooms interesting as well as productive spaces â&#x20AC;&#x201C; baskets and coffee-table books on a Gregor Jenkin table are the antithesis of generic office ornamentation; a graphic shelving unit displays books, awards and plants, and divides the open-plan space in an engaging way OPPOSITE The beautiful and ornate finishes of the space were retained and made all the more dramatic with the addition of bold furniture and light fittings

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WORKING IT

CLOCKWISE FROM TOP LEFT The buildingâ&#x20AC;&#x2122;s existing skylights lent themselves beautifully to the construction of meeting pods. Casual furniture and traditional desks encourages different ways of meeting and working; a brass and wood wall panel by Malica Design is a homage to the craftsmanship of the original building; Malica Design created a space inspired by a mid-century aesthetic but with a slightly sleeker, more contemporary twist; interesting design details throughout are a reminder that Propertuity is far from a traditional corporate company OPPOSITE The buildingâ&#x20AC;&#x2122;s dramatic exterior will soon feature a vertical garden

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PROPERTUITY HAS INJECTED ITS SIGNATURE ART AND DESIGN EXPERTISE INTO THE PUBLIC SPACES

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SPECIAL REPORT

PROPERTY PARTNERS For many, real estate is a vital part of an investment portfolio. However, not everyone is willing or able to dive into the property market on their own. What are the implications of investing with a friend or family member? TEXT Patrick Cairns PHOTOGRAPHS iStock by Getty Images

or some, investing in property may be about affordability. For others, it may be about risk: potential homeowners would rather not invest so much in a single asset and run all the related risks on their own. In both cases buying with a friend or family member could be a potential solution. ‘Buying property is often not easy,’ says Carl van der Berg, financial consultant for Alexander Forbes. ‘The most obvious advantage of investing in property with someone else is that the risks of ownership and the costs related to that ownership would be spread.’ CONSIDER THE RISKS However, a significant investment of this kind should not be undertaken lightly. It’s important to understand the complexities of this kind of arrangement. ‘One of the most difficult issues in law is co-ownership,’ says Andrew Bembridge, a director at ENSafrica. ‘It can create myriad problems if it’s not properly regulated.’ There are a large number of potential disagreements that could arise between co-owners. And when this happens, the consequences can be severe. ‘Financial needs and realities change over time and in ways that they don’t suspect,’ says Chris Hajec, managing director for Seeff Properties in Randburg. ‘For instance, what happens when one party wants to sell, but their co-owner doesn’t? Or one of the partners loses their job and their income?’ ‘If you are forced to sell, it could happen that there is a shortfall,’ says Tommy Nel, head of credit at FNB Home Loans. ‘There is always a percentage of properties sold for less than they were bought for. If that happens, then all the joint bond holders would be joint and severally liable for the shortfall.’ Van der Berg agrees that it’s essential to consider the risks of getting into business with friends or family, where roles and responsibilities need to be shared. ‘In the likely event that one investor becomes more involved than another, they might feel more entitled to a greater share of the rental income,’ he says. ‘This could lead to all types of conflict that can’t be plotted on a graph or solved with a calculator.’

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PUT IT IN WRITING For this reason, Bembridge strongly advocates a property ownership agreement to set out the roles and responsibilities of the partners and protect their respective interests. It’s essential to have a clear understanding in advance of what the investment goals are, what the exit strategy is and how the expenses will be managed. One person becoming insolvent or another partner exhibiting all forms of ownership but still insisting that the other person maintains a certain amount of liability are two scenarios Hajec has encountered due to the lack of an agreement. PROPERTY OWNERSHIP AGREEMENTS SHOULD COVER n Details of the ownership share and who is entitled to what percentage of any income or capital gains. n How the property will be sold. Can it only be sold after a certain period and at a certain price? Do all parties have to agree? In cases where one partner has a greater share, can they force the sale? n A voting structure for agreeing on tenants and any maintenance or alterations to the property. n How expenses will be met and what happens if one party fails to meet their obligations. Will this dilute their share or will it become a debt to the other partner or partners? n A provision that all parties must have life insurance in place to cover their share of the bond. n Detail on how financial records should be kept to ensure that all income and expenses are fully registered. All contributions made by the respective parties also need to be recorded. n How the property will be managed. Will an agent be employed or will one or more of the partners take responsibility? How will they be remunerated if they do? n What happens if one of the partners takes residence in the property? Having this agreement in place will ensure that nothing is left to chance. And when dealing with significant amounts of money, it could save more than your relationship. It could save your financial future as well.

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KNOW YOUR PARTNER Buying property with a friend or family member may sound like a sound idea as you already have an established relationship. But don’t take it lightly. It should still be treated as a business decision. Properly vet the person you’re getting involved with, advises Chris Hajec, managing director for Seeff Properties in Randburg. ‘It doesn’t matter that they are your friend,’ he says. ‘You don’t know the nuances of your friend’s financial life. Ask for a credit report, proof of income and an asset and liability register. If someone is unwilling or unable to give these to you, you need to question whether you feel secure being in business with them. There is a lot at stake for your financial life if that person defaults.’

‘ONE OF THE MOST DIFFICULT ISSUES IN LAW IS CO-OWNERSHIP. IT CAN CREATE MYRIAD PROBLEMS IF IT’S NOT PROPERLY REGULATED’ ANDREW BEMBRIDGE, DIRECTOR, ENSAFRICA

BONDED TOGETHER Buying a property in partnership will usually mean taking out a joint bond. ‘A bank will require a mortgage bond to be registered over the whole property,’ says Andrew Bembridge, a director at ENSafrica. ‘In theory it is possible to register a bond over a share, but that is not good security for a bank as no one will readily buy a share in property at a sale of execution.’ To cover its risk, the bank will therefore require that all co-owners are liable for the debt. When you take out a joint bond, the full bond will reflect on both party’s credit profiles, explains head of credit at FNB Home Loans, Tommy Nel. ‘At the credit bureaux a joint bond is reflected under both names,’ he says. ‘So if the repayment is R10 000, that will show in both profiles.’ Therefore consider the risks to your own credit rating if your partner can’t meet their obligations. Co-owners also have to take into account what will happen if one of them wants to sell their share. ‘You can substitute a debtor on a loan agreement as long as at least one of the original parties remains,’ Nel explains. ‘So one partner can sell their share of the property to the other or even to someone else without having sell the property and re-bond it. But a new affordability assessment would have to be done.’

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21/04/2017 15:35

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USEFUL CONTACTS n Savills savills.co.uk +44 (0) 20 7016 3740 n German embassy in South Africa southafrica.diplo.de n Make it in Germany make-it-in-germany.com n Citizen Lane citizenlane.ch n Berlin Instagrammers worldofwanderlust.com/10-of-berlinsbest-instagrammers n Official tourism website visitberlin.de

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B E RL I N

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21/04/2017 10:02

VOTING AS MEMBER OF A HOMEOWNERS’ ASSOCIATION: IT’S TRICKIER THAN YOU THOUGHT Exercising voting rights in communal living schemes is a very important way in which owners can join in the management of the development in which they invested. Governance documentation must therefore be drafted carefully to facilitate participation and to protect owners’ rights. Proxies are one of the considerations that must be dealt with carefully. The March 2017

judgment in Du Plessis Barry v Clearwater Estates NPC raised the following enquiry: The Homeowners’ Association (HOA) was incorporated as a company and its Memorandum of Incorporation (MoI) provided that when members appointed proxies, a written document to that effect had to be lodged at the HOA’s offices ‘not less than 48 hours before the time appointed’ for the meeting, failing which it would be invalid. The Companies Act however

stipulates that it is an unalterable rule that a shareholder may appoint a proxy ‘at any time’. Was the MoI nonetheless valid? The court said ‘no’, as it contravened the Act. Whether drafting governance documentation or changes and amendments thereto, make sure that applicable legal provisions are taken account of. Contact the property law experts at www.stbb.co.za for assistance.

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