Your Industrial and Commercial Property Partner
Your business’s property not only reflects your company’s identify but also needs to meet a multitude of select criteria in order to be effective and efficient, both practically and financially. Competing businesses in the same industry, even producing or delivering similar products, don’t necessarily have the same property requirements. That’s why you need a partner who knows and understands commercial and industrial properties in your chosen area, and who can match those properties to your business’s unique needs.
Our Services
SALES AND LEASING
Mendace Properties is a boutique brokerage specialising in the marketing of industrial and commercial properties on behalf of landlords, both institutional and private...
We do this 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 trying to understand what their 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, potential downtime minimising.
Parking requirements, open versus covered, basement etc.
Ancillaries required ie. sprinkler system, canopies, generator, energy efficiencies, parking etc.
Financial considerations, ie. budget constraints, funding etc.
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.
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 committments.
Our services include lease auditing whereby we look at your existing lease thoroughly and help you understand the terms and condiiton of the agreement in laymen terms.
In adition 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.
Recent Listings
News
Commercial Property Purchasing – The Upfront Costs
Before committing to purchase an industrial or commercial property its crucial to understand the upfront costs and financial implications, both direct and indirect that are involved in purchasing the property. If you’re financing the property then it’s always a good...
How Industrial Property Designs and Efficiencies Have Changed
The designs and efficiencies of industrial property has changed substantially over the years and continues to do so. Warehouses and factories have always been built with the user in mind and as technology and the users needs have changed, so has the design and...
Pomona Precinct – New Industrial Development Ready for Occupation
A newly developed logistics park in Pomona on the East Rand is now complete and tenants and owner occupiers can secure the remaining units. The property is located on Elgin Street, just off North Rand and with easy access to the R21 and minutes from OR Tambo...
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Industrial Property Spartan
