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Renico Construction (Pty) Ltd.
EMAIL NEWSLETTER - Aug 2017
Message from the Managing Director

Dear Friends, Property Investors and Enthusiasts,

All South Africans were pleasantly surprised when the Reserve Banks’ Monetary Policy Committee lowered the repo rate by 25 basis points during last months’ meeting, with the home loan base rate now set at 10,25%. It is hard to tell if this signals the start of a rate lowering cycle; I am however of the opinion that this was done to offer a slight reprieve to the over-indebted South African consumer, but that much more must still be done.

During the past month I have also secured a number of development sites across Johannesburg. Although under strain, the market still responds positively to any reasonably... See More

Featured Residential Developments

Construction of our Chafford development in Berario was completed towards the end of last month. The 16 unit complex is already 50% let with the first tenants taking occupation at the beginning of this month. All remaining units will most definitely be let during this month.

Construction at our Twickenham site in Victory Park is in full swing with 90 000 bricks being placed on site every day. There are still a number of challenges on site hampering the construction process; once all are resolved I would like to see the number of bricks consumed on site every day move up to 130 000.

Our construction teams have also moved onto the Central Park site in Honeydew. Currently services (drains, storm water etc.) are being placed on site. The first foundations will be poured shortly thereafter. Two homes have already been identified which will serve as our show units. They will be completed before the end of November for prospective clients to view. 

New Residential Development in the Heart of Honeydew.
Renico Constructions' next residential development in the heart of Honeydew. The security complex will comprise of 76 free standing homes, all of which will offer 3 bedrooms, 2 bathrooms, modern kitchens, guest loo and double ...

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Affordable Housing

We have already cleared the site for the next 10 free hold houses to be built in Crystal Park Ext 66, Benoni. As soon as we receive our final approvals from Council, construction will commence to have the homes ready for occupation before we close in December for the annual builder’s holiday. It was fantastic to see the excitement and joy when the completed homes were handed over to their respective new owners. Hopefully we will be able to assist more families to obtain the first homes they may call their own.

Freehold houses within Crystal Park
After completing and selling the first two free standing homes in Crystal Park, Benoni, we have launched the next 10 homes within the first phase. A number of these homes have already been sold off plan, with construction set to commence during August. All the homes will offer 3 tiled ...

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Featured Commercial and Industrial Developments

Construction to our 39B on Kingfisher Office Park was completed during last month. This stunning office development was completed within 5 months of breaking ground and will hopefully be fully occupied with the coming months.

Commercial Developments
New Office Space in Fourways
These A Grade offices, developed on the doorstep of the ever-expanding Fourways Shopping Centre and the popular Montecasino complex is ready for tenant installations from the 1st of August. The sectional title scheme comprise of 4 suites which are available to be let of purchased.

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Latest News
Nine Sacrifices you have to make to find an affordable home in South Africa

We all know how expensive property prices are, especially in South Africa! An affordable home is not an easy thing to come by and it often means sacrificing on some elements or features that we would prefer to have in our dream home.

Today we are going to talk...

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Launching Shortly!

The launch information of our Stratford residential development in Craighall Park was released to everyone registered on our mailing list at the end of July. We expect sales to be brisk and I hope that the 25 unit development will be sold out by the end of the year.

This month we will be releasing the 2nd and final phase of units at our Twickenham development in Victory Park. The units are priced from R1 555 000.00 and will be ready for occupation on the 1st of April 2018. The number of units is limited so do not hesitate to contact Kim Miller on 083 660 7287 to secure your unit today. 

Regards
RENICO Construction (Pty) Ltd
Tel 011 794 1177
Fax 011 794 1159
Email info@renicoconstruction.co.za
WWW.RENICOCONSTRUCTION.CO.ZA
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