082 8998 304 [email protected]

SALES AND LEASING

Mendace Properties is a boutique industrial and commercial property brokerage specialising in the marketing of industrial and commercial properties on behalf of landlords, both institutional and private, in order to secure potential, qualified, tenants and purchasers.

We source warehouses, factories, and offices for end users and investors by doing an initial needs assessment in order to determine their exact requirements. This process involves understanding your operation involves and taking into consideration:

The total size of the facility required and the space breakdown (office space, warehouse, mezzanine, yard space etc.)

Detailed specifications in terms of warehouse height, number of doors, door access, power requirements, lighting, operational flow etc.

Number of staff and office configuration (open plan vs individual offices, number of floors)

Timing requirements, time it will take to move, minimising potential downtime

NEW DEVELOPMENTS

In addition to sourcing and marketing of existing properties we also facilitate new developments for clients when mandated to do so for a variety of reasons, specifically when a client requires a unique, custom design or specification, or wants to maximise efficiencies with more modern technology. This also entails a thorough understanding of the specific need as well as sourcing a potential site.

These developments can be tenant driven whereby a long term lease is signed, or turnkey where the client will opt to purchase the property on completion. There may also be variations where the client will sign a lease with the option to purchase, or even enter into a joint venture with the developer and form a co ownership. We work closely in partnership with very established and well renown developers who have a history of developing prime facilities.

Whether you are considering a new development, or an existing site, or wanting to weight up the two options, we can assist. We also assist with sourcing of development land and land sales.

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LEASE ADVISORY SERVICES

We understand the complexities behind committing to a lease agreement, not only is it critical to find the right property but also make sure the terms are negotiated fairly and correctly. Having worked in the industry for many years we have a solid understanding and knowledge of realistically achievable market rentals, as well as escalation rates and other terms which have an impact on lease commitments.

Our services also include lease auditing where we examine at your existing lease thoroughly and help you understand the terms and condition of the agreement in laymen terms.

In addition to this we can advise you on your lease renewal, including looking at alternative sites, cost implications and the downtime of moving as well as the terms to initiate the renewal with your landlord. Another option is lease restructuring to try and negotiate renewed terms of an existing lease with your landlord. We have also acted as expert witnesses for legal testimonies.

Contact Us Today

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News

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  After an extremely challenging 2020 it came as a huge relief that the property market in general performed better in 2021 than 2020. Listed property actually ended up being the top performing asset class in 2021, beating equities, cash and bonds. REITs in...

Longmeadow Business Estate – A Brief History

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What is a REIT?

What is a REIT?

A REIT, or Real Estate Investment Trust, is defined by SA-REIT as “a company that derives income from the ownership, trading, and development of income-producing real estate assets. In South Africa, a REIT receives special tax considerations and offers investors...

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