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Port Elizabeth

eastern cape rising from ashes

Eastern Cape Property Market rising from the ashes

Posted on August 4, 2013

The renowned REIM property magazines dedicates an article on the take-up of the Eastern Cape Property market in its July 2013 issue:

“There has definitely been robust growth this year. In fact it started last year, after a very flat 2011. In 2006 residential property growth was up to 25%, but because of the recession we experienced a negative growth rate. But we are definitely coming out of that now. Although economists say nationally we are still in a bad place in terms of residential property growth, in the Bay we are coming out of that, although the growth is very area-based also very dependent on what has been done to the house.”

The last month of April was a record month for agents, which shows that business is finally improving.
Capeco’s phase 1 houses of Pine Row and apartments of Pine Creek were fully sold out in april; with phase 2 being launched for sales in August.

Also other areas are clocking growth, one of them being the suburbs bordering Coega:

“With the take-off of business in the Coega Industrial Development Zone, where companies such as Famous Brands are setting up R400 million factories and the anticipated PetroSA oil refinery is mooted for the area, the residential property market has been reignited. The developments at Coega have seen an influx of wealth from outside the city – from SA and abroad – as top businesses relocated top experts to their operations at Coega. This has seen areas like Uitenhage and Despatch experience booms in residential demand, as contractors move to the city for projects at Coega. The trend has been even more pronounced in the suburb immediately bordering Coega, Motherwell NU5 and NU6.  There used to be uncertainty around Coega, but now that it is taking off and people are buying instead of renting,” he said. “With Coega, we are going to see more of an influx of high earning foreigners to the Bay.”

Read the full Reim July article here.

eastern cape rising from ashes

 

 

 

Tourism real estate and office rental prices picking up

Posted on

The Herald dedicated a piece on the Port Elizabeth Tourism Industry and the Govan Mbeki upgrades leading to a surge of interest in tourism real estate and office rental prices increases.

“Despite the challenging global economic times and unemployment rate, the tourism industry is one of the jewels that needs to be unlocked in our city.”
“The 2005 upgrade of Govan Mbeki Avenue is finally paying off, with buildings getting fuller by the day and rental per square metre increasing.
“These are significant signs of post-revitalisation and urban renewal in the city. A total of 70% of private sector upgrades in the city centre were the result of MBDA developments.

Capeco has unique positions for office/commercial rental development in Govan Mbeki and will be launching unique leisure residential developments on a new location in the Lorraine neighbourhoud.

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Welcome to the Maces, new owners of the first Pine Row house!

Posted on July 16, 2013

Capeco and Rennasance Construction would like to welcome Mr & Mrs Mace to Pine Row, the new proud home owners of unit 2085. The Maces received their new house keys on Friday 28th June. Capeco and Rennasance Construction wish you and your family all the best for the future in your new home.

Pine Row residential development consists of 12 semi-attached houses in Elsa Joupert Street in Port Elizabeth. Capeco in construction through partnership with Rennassance Construction is launching a product that will make buying your own home a little easier.

Follow the works from nearby and get to know more about this project in this photo gallery on Flickr.

The Mace Family

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Ascot Estate providing stables for the local horses!

Posted on June 14, 2013

Since January 2012 Capeco Development Company has been proud to lease Ascot Estate stables and paddocks to Elizabeth Mary Grobler. Better known as Libby to the locals in Port Elizabeth and the riding community she was born in the UK in 1952 and has resided in South Africa for the past 6 years.

Been a great outdoor lover Libby’s passion for horses started as early as from the age of 8 years old, and has been participating and riding for the past 45 years. The Ascot Estate boast well maintained paddocks and stables, consisting of 10 stables, 1 fodder room, a lunging arena and four large paddocks that have been sub divided for the 13 horses that are stabled with her.

Libby owns 2 of her own horses, National Guard a 6 year old gelding that was born on the Ascot Estate and True West a 4 year old mare. These 2 horses have been trained by Libby to be sold to potential riders. Libby unfortunately does not keep her horses, but provides a service of stabling and training up of the horses.  Libby was the proud owner of Heart Break Hill, a 4 year old gelding been the only South African horse to qualify in the Eventing and discipline category for the 2012 Olympics.

Libby and her fellow riders will be participating in the South African Pony Rider event at the end of this month. The event is being hosted at the Port Elizabeth Riding Club.

Ascot Estate not only offers stabling facilities, the estate offers a selection of residential opportunities from freehold plot and plan options to sectional title schemes and freehold gentleman sites, all offering splendid, sweeping views of Port Elizabeth. Capeco Development Company and Ascot Estate are proud to always include and provide magnificent grounds to the local riders and their horses.

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Pine Creek Village apartment complex getting shape

Pine Creek Village first phase already sold out!

Posted on May 21, 2013

Phase 1 of Capeco‘s Pine Creek Village apartment complex is sold out!
42 units still available in the next 2 phases.

Lookout for the next 6 exclusive units to be constructed shortly and follow the works from nearby in our Pine Creek Village photo gallery on Flickr to learn more about this project.

The owners of the first 8 units will be receiving there keys already on the 1st of August.

Don’t wait to contact us via our online contact form or
call us now on   086 122 7326   so you don’t miss out on the launch prices.

For more information also go to our project site at www.pinecreekpe.co.za

130116 Circular Drive - Phase 1 - Pine Creek Village - works (small) (1)

Phase 1 of Pine Creek Village started !

Posted on January 22, 2013

The construction of Phase 1 of Capeco‘s Pine Creek Village apartment complex has begun on Circular Drive.
Follow the works from nearby and get to know more about this project in it’s photo gallery on Flickr.

Expect delivery of the first 8 units in July 2013.
Dont wait to contact us via our online contact form or
call us now on   086 122 7326   so you don’t miss out on the launch prices.

Only 8 units!

Capeco is looking for an Architectural Technician / Commercial Support (B-tech / diploma)

Capeco is looking for an Architectural Technician / Commercial Support (B-tech / diploma)

Posted on January 10, 2013

Capeco Development Company is searching for a highly self-motivated candidate to join our energetic team to fill the position responsible for preparing and administrating construction documentation as well as coordinating on-site meetings and performing first-line contact with Home Owners Associations, lawyers and municipal departments for our residential projects.

The candidate will also administrate on a daily basis the online communication (WordPress sites, Twitter, Facebook) of Capeco; technical backup/assistance will be provided.

The successful candidate must be familiar with day to day office functions outside of his or her job description as well as performing all duties directly associated with the architectural profession and construction procedures.

Skill requirements:

•   He or she must have a minimum of 3 years experience and must be
•   efficient in AutoCAD, CorelDraw, Photoshop and Microsoft office.
•   Knowledge and Competence Certificate of the new SANS 10400 XA
•   regulations is a must. He or she must also be registered with SACAP and
•   have a valid registration number.
•   Preference will be given to candidates who have on site experience and
•   extensive knowledge of other graphics and construction industry related
•   computer programs.
•   Extremely communicative, outgoing and excellency in written skills
•   (contracts, mail, online).

Own transport is a must.
Salary negotiable.
Please email CV’s to jobs@capeco.co.za

A portfolio and relevant references to be produced if called for an interview.

If you have not received a response in 10 days, consider your application to be unsuccessful.

Logo Pinelands

Did you already hear about Pinelands?

Posted on December 21, 2012

If you are looking for a house or apartment, then join the many people calling us for  Pine Row and Pine Creek Village.

People looking to buy a plot in the same exclusive cluster should have a look to Pinelands. This development area of Capeco is composed of serviced plots and unserviced clustered on a top location at Circular Drive in Port Elizabeth.  Pinelands offers affordable serviced plots for individual buyers as well as serviced and unserviced clusters for constructors, developers or firms interested in a commercial opportunity.

Awaiting the launch of our official project website, yet take a look at our map under to get an overall view of what we have to offer.

Getting eager to know more, and already want to get your own plot out there? Get in touch with one of our architects via our online form or simply call them on 086 122 7326.

 

Pine Creek Village and Pine Row - Houses and apartments in Port Elizabeth

Conveniency and style brought to your doorstep

Posted on December 19, 2012

For those who are dreaming of an urban living style or in seek of a stylish, convenient, but most of all affordable home in the windy city, be prepared for the launch of our new projects in Port Elizabeth.

First time buyers and investors looking for a healthy rental yield know that these days it is close to impossible to find the perfect mix of quality, location and security without compromising on affordability.  We worked two years very hard to make that almost impossible mix come together.

Conveniently located on Circular Drive, close to shopping centers, good schools and health clubs, we’re launching  Pine Row and Pine Creek Village.

Pine Row is comprised of 6 sites with each a 2 and 3 bedroom semi-detached house. Designed to be as practical as possible with high-end finishing, all 12 houses have North facing living areas with a private yard, shaded patio and a single garage.

If you’re more in search of the coziness of an apartment we’d like you to get to know Pine Creek Village. Each apartment is spacious and has a lofty covered terrace for outdoor dining.

Without any compromise on any of the finishing and compliant with the latest isolation standards, we’re not only offering an affordable home, but also make sure that your electricity bill stays under control.

Get in touch with one of our architects now via our online form
or call us at 086 122 7326  and have us explained you how you can also get a key to your new home.

Also see more pictures of our projects on our Flickr or start following us on our Pinterest!

Mandela Bay - Port Elizabeth city

Nelson Mandelabaai economy is growing fast.

Posted on October 26, 2012

Nelson Mandelabaai will know in the coming three years a major economic boost due to investments of over hundreds of millions and the creation of approximately 10.710 new jobs.

The constant growing shows that Port Elizabeth is one of the most interesting places at the moment in South Africa to invest in. The municipality’s trade and investment director, Anele Qaba, said during his last economic development committee meeting on October 25th, that Clover Industries would expand its PE plant to increase the supply of milk on a national scale. Only this investment of no less than R 100-million already will create 107 new jobs.

Anele Qaba - Nelson Mandela Bay Trade and Investment Director

 

 

 

 

 

 

 

Nelson Mandela Bay Trade and Investment Director – Anele Qaba
(Source: The Herald, 26 October 2012 – by Rochelle de Kock)

The expectative is that with all this economic growth, also the search and need for more real estate, houses and apartments will grow.

Following this trend, our new residential projects at Circular Drive, houses at Pine Row and apartments at Pine Creek, are therefore responding to those rising needs and offering nice and interesting opportunities for people to live in a friendly neighborhood or invest in future real estate.

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