Office-to-housing conversions hold some potential, but conditions apply

As South Africa looks to recover from the impacts of Covid-19, the viability of the trend of converting office buildings into residential properties is under scrutiny, with local and international interest having seemingly been piqued, building on the momentum those property companies dabbling in this before and during the pandemic were generating. To explore the potential for this and to discern whether this is a new postpandemic trend or simply the cyclical nature of the property market, Engineering News & Mining Weekly spoke to JSE-listed real estate investment trusts Growthpoint Properties and Emira Property Fund.

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