Monday, October 5, 2009

WING presents new sustainable office building


Hungary - WING Ltd. introduced its new sustainable office building named k3. Situated in the newest business centre of the capital, with its 17,000 sqm area coverage on the Könyves Kálmán Ringroad, K3 conforms to the international regulations of BREEAM . The A-class office complex offers sustainable and cost-effective solutions to all their future tenants through its environment conscious construction techniques. K3 will open its gates officially in March 2010.

The office building K3 neighbouring Népliget is now structurally complete. As the developer WING had its first presentation on location demonstrating the range of individual solutions the building offers for companies with green ideas. The greatest advantage of the project is that it pairs up cost-effectiveness with the idea of a pleasing and healthy work environment within the framework of environmental consciousness.

The 17.000 sqm office building consists of four towers offering 2,300 sqm office space for rent on each level. The building will be completed with a three-level car park.

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Stronger rand and relaxed lending criteria to strengthen property market

“Relaxed lending criteria and a stronger rand should assist the ailing South African property market in making a turn for the better,” said eLan Property Group CEO Mark Taylor. Taylor’s comment surfaced following debate on whether or not the Reserve Bank will cut the interest rate again.

After seemingly closing shop on high loan to value mortgages over the past few months, the banks are casting the net wider and opening up origination channels for their clients. Standard Bank will now be offering clients up to 100% on deals less than R1, 5million. First National Bank is offering clients up to 95% on deals less than R1, 5million and ABSA is doing up to 90% loans on deals less than R1, 5million.

Taylor said, “This should motivate the mid-level buyer and investor to enter the market once more. We are already seeing increased market activity compared to the same quarter last year especially in the Ballito area.”

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