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Renico Construction (Pty) Ltd.
Message from the Managing Director
Dear Friends, Property Investors and Enthusiasts,

With the release of Statistics SA's 4th Quarter employment figures for 2018 it was reported that there was an increase in the number of people employed within the formal sector. Sadly, the construction sector did not contribute to this figure, shedding a reported 18 000 jobs during the period and  I expect this figure to increase exponentially during 2019 as it was recently reported that one of SA's biggest construction companies, Group 5, had been placed under business rescue. Although the company has operations across the globe it is heavily represented in sub-Saharan Africa so this definitely does not bode well for their reported 9000... See More
Featured Residential Developments

At the end of last month we handed over both our Sheffield and Kenley residential developments to their respective new owners. Not only was Kenley completed on the projected date but Sheffield was ready for occupation a full month before the initial occupation date. Well done to all teams on this stunning accomplishment!

Our Walton project in Ferndale is also very close to completion and will be completed within the next week or two, just in time for the units to be handed over to their new owners at the end of this month.

Both our Kenton and Hampton projects in Bergbron are also on schedule. The Hampton apartments will be let to tenants on completion and our show units at the Kenton development will also be completed during the next two weeks. Here we still have a number of three, two and one bed homes available with the projected completion date set as the 1 July. The development is on show every Saturday and Sunday from 14:00 to 17:00 or you can contact Madri on 082 871 7857 for an exclusive appointment to view.

I expect that construction on both our Finsbury and Crofton Park sites will commence shortly. We are experiencing delays on both these sites due to unforeseen circumstances but I believe it is only a matter of time before these problems are resolved. More info on these as well as all our other residential developments is available on our website

Sheffield in Bergbron.
The Sheffield residential development will be our 4th project in Bergbron. The complex will offer 16 apartment style homes and 21 simplex units all comprising of two bedrooms with two bathrooms, ergonomically designed open plan ...

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Affordable Housing

The first tenants have taken occupation of their brand new homes within our Preston security complex in Cosmo City, Roodepoort. As soon as the 60 home development was completed there was a surge in enquiries, viewings and applications received by prospective clients. I have come to the conclusion that there is a strong demand for housing in and around Cosmo City - especially within a secure environment.  If you are interested in viewing the stunning apartments contact Collin on 079 327 8332 to set up an appointment.

New residential development in Cosmo City
The Preston residential estate is our second housing project within Cosmo City. The project will comprise of 60 two bed apartments which will be let to tenants upon completion. Once again emphasis will be placed on energy saving features and excellent access control and security. All the homes within the ...

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Featured Commercial and Industrial Developments

All relevant contractors are currently working seven days a week to have our Eagle Canyon Office Park completed within the required time. Unfortunately this will temporarily inconvenience the neighbours but I believe that it is better to move off site on the projected date than to spend an extra month or two to complete the last work.

After months of negotiations and some fancy footwork I am pleased to announce that the entire estate was purchased by a single entity! I should be in a position to formally introduce the new owners of this prestigious development in next month's newsletter.

Commercial Developments
A Grade Office Space in Randburg.
Construction to the Eagle Canyon Office Park development commenced early in 2018 with the date of completion set towards the second quarter of 2019. The modern design is not only aesthetically pleasing but also allows for the maximum amount of natural light to reach the building. The circulation of fresh ...

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Latest News
SARB Q4 2018 New Mortgage stats points to less decline but ongoing weakness.
4th Quarter 2018 SARB New Mortgage Lending data, released in the March SARB Quarterly Bulletin, showed a further year-on-year decline in the Value of New Mortgage Loans Granted, but it was a decline of a lesser magnitude than that of the prior quarter.


The March 2019 SARB (Reserve Bank) Quarterly Bulletin showed the value of new mortgage loans granted (Residential, Commercial and Farms) to have declined at a year-on-year rate of -2.45% in the 4th quarter of 2018, after a -15.91% decline...
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Launching Shortly

We are in the process of finalising plans and Council approvals on a number of residential and commercial projects in Johannesburg, Potchefstroom and Tshwane. Our Kilburn Park development in Wilgeheuwel, Roodepoort experienced a few delays but will now be launched early in May. The 70 home residential complex will offer a number of three, two and one bedroom apartments that will be priced from an amazingly low R540 000.00!

Latest Listings
2 Bedroom Apartment For Sale in Linden
Linden is fast becoming the place to be seen at with its hip coffee shops, restaurants and numerous boutiques. The ...

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R45 per m²
1,153m² Warehouse To Let in Rand Leases
Looking for industrial space within a secure estate with quick access to major roadways? This mint factory/ warehouse within our ...

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RENICO Construction (Pty) Ltd
Tel 011 794 1177
Fax 011 794 1159
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