Real Estate June 2018 ( Issue 55 ) by REAL|life

ISSUE 55 • JUNE 2018

S A’ S L E A D I N G L I F E S T Y L E A N D P R O P E R T Y M AG A Z I N E

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LUXURY AND WEALTH INVESTMENT ISS

B ig g e r p icture SPENDING HABITS OF THE WEALTHY | ART BOOM | PRIVATE CHARTER FLIGHTS | COLLECTABLE CARS | WINES FOR THE CONNOISSEUR

PLUS

Global property

investment opportunities

THE LUXURY YOU WANT THE LIFE YOU DESERVE

Experience the tranquillity of nature; breathe fresh air; marvel at the vistas across the golf course; and enjoy having a five-star hotel, spa and gym on your doorstep – all in a secure environment. OSBORN RD

HOUGHTON GOLF CLUB

2ND AVE

This can be your lifestyle, in the heart of Johannesburg. • LUXURY APARTMENTS FROM 3-BEDROOM EN SUITE STARTING AT R7.9M • HOTEL INVESTMENT OPPORTUNITY SUITES STARTING AT R4.4M

CREATIVE GROUP

S E E F O R Y O U R S E L F W H AT A T R U E LUXURY LIFESTYLE IS ALL ABOUT

G R E AT H O M E F R O M H O M E C U I S I N E | A CHOICE OF POOLS | S PA A N D W E L L N E S S C E N T R E | M A G N I F I C E N T V I E W S |

Come and have a look at our luxury apartment 12733, available daily for viewings WARREN BECKER 082 302 3004 | warren@thehoughton.com ASHLEIGH SMITH 073 220 7357 | ashleigh@thehoughton.com Houghton on 12th, 53 Second Ave, Houghton

CONTENTS

COVER IMAGE Earl Abrahams for the Bokeh South African International Fashion Film Festival PHOTOGRAPHS Ruvan Boshoff, Hayden Phipps, Karl Rodgers, supplied

DISCLAIMER The publisher of this magazine gives no warranties, guarantees or assurances and makes no representation regarding any goods or services advertised within this edition. © The Advertising Joint Venture. All rights reserved. No portion of this publication may be reproduced in any form without prior written consent from the publisher. The publishers are not responsible for any unsolicited material.

d esig n s a lover of art and someone who just recently bought two paintings from an emerging artist at a good price, I am happy to see art top the latest Knight Frank Luxury Investment Index, part of The Wealth Report 2018. It is the main reason this Special Luxury and Wealth Investment Issue is so laden with art, including on our What’s Hot Now pages (page 09), South African Wealth Report (page 38), and our two columns, Straight Talk (page 22) and Back Chat (page 60). Cars and wine are also high up there on the luxury investment charts. In our special Car News feature (page 13), the case is made for investing in classic cars; and we look at wine as an investment and how South African wines compare (page 36). But I prefer investing in artworks rather than wine and cars, because I can’t be tempted to drink and drive my investments; I’d rather stay home and admire them on the wall while they grow in value.

d ec or

Debbie Loots, editor, REAL ESTATE life

PUBLISHED BY THE CREATIVE GROUP FOR BLACKSTAR PROPERTY PUBLISHING 1st Floor, Block H, Sable Square, c/o Bosmansdam and Ratanga roads, Milnerton, Cape Town, 7441 | estatemagazine.com | 021 447 7130

GENERAL MANAGER: THE CREATIVE GROUP Jackie Maritz | jackie.maritz@thecreativegroup.info

EDITORIAL TEAM Editor Debbie Loots | debbie.loots@thecreativegroup.info Creative director Leah de Jager Deputy editor Julia Freemantle Copy editors Kay-Ann van Rooyen, Cayleigh Bright Accounts and finances Katrien Bezuidenhout Contributors Cayleigh Bright, Lauren Groenewald, Georgina Guedes, Debbie Hathway, Genevieve Putter and Terence Steenkamp Digital management Augment Creative Media

ADVERTISING SALES Michèle Jones | Group sales and marketing manager michele.jones@thecreativegroup.info | 084 246 8105 Yvonne Shaff | Business manager shaffy@timesmedia.co.za | 082 903 5641 Letitia Louw | Senior key account manager (lifestyle) louwl@timesmedia.co.za | 083 454 1137 Gina van der Wall | Senior key account manager (lifestyle) vdwallg@timesmedia.co.za | 083 500 5325 Susan Erwee | Senior key account manager (property) susan.erwee@thecreativegroup.info | 083 556 9848 Jimmy Balsaras | Senior key account manager (property) jimmy.balsaras@thecreativegroup.info | 083 387 2227

ADVERTISING BOOKINGS AND SUBMISSIONS

0 9 1 3 WHAT’S HOT NOW

Things to see, trends to spot and places to be

CAR NEWS

There’s never been a better time to invest in a classic car – we highlight six sure bets

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Contemporary design and period pieces mix comfortably in a serene Cape Town penthouse apartment

Galia Gluckman chose fashion design as a career but has reconnected with her rst love, ne art

DESIGNER APARTMENT

STRAIGHT TALK

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ART ON TOP

Crucial shifts in why and what art lovers are buying made 2017 a huge year for art investment

Tiffany Fitzgerald | Advertising coordinator realestatelife@thecreativegroup.info | 021 447 7130 Love the environment! Please recycle this copy of REAL ESTATE life after you have read it

CORRECTION In our previous issue, the cover photograph was incorrectly credited. We apologise to Paris Brummer, who made the amazing image. Check out @youmeandmyfuji to see more of her work.

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LUXURY AND WEALTH INVESTMENT ISS

lifestyle

luxury property

investment

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FASHION TRENDS

Trends driving the fashion and accessories industry go beyond face value

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LUXURY TRAVEL

rivate charter ights offer e cienc and once-in-a-lifetime experiences

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WINE AS AN INVESTMENT

Wines from Bordeaux and Burgundy are in demand, but how do South African wines compare?

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WEALTH REPORT

Recently released wealth reports give insight into the lifest les of a uent South Africans

HOT PROPERTY

Inspiring design and architectural trends shaping the future of property here and elsewhere in the world

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PROPERTY INVESTMENT

What do the strategic buying habits of the super-rich mean for the local residential property market?

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PROPERTY INVESTMENT Investors from elsewhere in Africa are showing an interest in South African real estate

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BACK CHAT

Artist and musician Ndabuko Ntuli channels his own experiences into work that helps others discover who they are

TEXT Julia Freemantle PHOTOGRAPHS Hayden Phipps, Annalize Nel, supplied

WHAT’S HOT NOW

Things to see, trends to spot and places to be

01 BY DESIGN The newest design destination on the block, 99 Juta in Braamfontein, is the collective brainchild of product design duo Dokter and Misses, property investment company Consolidated Urban, Play Braamfontein and architecture firm Local Studio. The 1920s building, which had fallen into disrepair, has been transformed into cool retail and studio spaces for like-minded creatives – Studio Vee, The Ninevites (rug pictured above) and Joe Paine, among others – circulating off a central staircase, each with its own Dokter and Misses kitchenette. Colourful courtyards, sculptural planters and a bar (coming soon) make the urban space a lifestyle oasis. 99 Juta St, Braamfontein

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DESIGN

W H AT ’ S H O T N O W

02 WANDER LUST Unveiled during the recent Milan Design Week, renowned designer Marcel Wanders’ new collection for Roche Bobois, Globe Trotter, is inspired by the myths of adventurers and explorers, collectors of rare objects and cultures around the world. “We wanted each piece to capture the feeling of bringing home worldly treasures from faraway places,” says Marcel Wanders (pictured above right, with industrial designer Gabriele Chiave) of the eclectic collection. roche-bobois.com

03 BENCH MARK Southern Guild’s latest group show challenged designers and artists to experiment and push their limits to create something new. Out of this body of work came Houtlander’s newest piece: a triumph of form and function by Phillip Hollander and Stephen Wilson, who used computer numerical control to reinterpret the traditional love seat. houtlander.co.za

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05 KEEPING IT IN THE FAMILY Having attained classic status, the Bitta family of furniture designed by Rodolfo Dordoni for Kettal is as timeless as ever. The range is now being extended to include a lounger to complement the original braided-frame design – used together, they offer a layered and sophisticated al-fresco scene. kettal.com

04 IT’S ONLY NATURAL Studio H by Hertex is known for focusing on great basics and timeless fabrics for the home. Its new Take A Bow collection is a range of plain fabrics to rival all others. The cotton-and-linen blend will be available in three designs and fifty shades, ranging from barely-there neutrals to vibrant primaries. Completely washable, these fabrics are the epitome of versatility. hertex.co.za

06 ROSE-TINTED The ChloĂŠ brand can always be relied on for playful current interpretations of the trends. One of its latest eyewear styles is the Rosie with its rimless scalloped edges, channelling 21stcentury flower power. It is available in various colours through Moscon Optics. moscon.co.za

07 CITY SLICKERS Superga and local jewellery and accessories brand Pichulik have teamed up to create three high-fashion sneakers for the coming spring/summer season, paying homage to three cities that have influenced the evolution of the Pichulik brand in some way. Soukâ&#x20AC;&#x2122;s rope soles and ankle bracelet are inspired by basketry in the markets and the traditional jewellery embellishments of Istanbul; Azzuro draws on the crisp colours of a Portofino summer; and Downtown (pictured) is edgy, urban and glamorous in tribute to New York. supergashop.co.za

08 LOOKING SHARP In her latest collection for The Rug Company, interior designer Sandra Nunnerley has channelled her love of Manhattan and expertise with high-end residential projects into graphic, architectural rug designs in silk and wool. Elegant neutral tones and simple angular motifs embody a timeless and versatile sensibility. therugcompany.com

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CAR NEWS

CLASSIC CARS FOR EVERY BUDGET There’s never been a better time to invest in a classic car because, if you buy right, you’re pretty much guaranteed a healthy return on investment. We start with two new cars that are bound to become classics, and continue overleaf with six that already are TEXT Terence Steenkamp PHOTOGRAPH Supplied

wo new sportscars from illustrious British brands have just been launched and we’ve driven both. They have all the hallmarks of future classics.

ASTON MARTIN VANTAGE Aston has something called the Second Century Plan, which sounds like trick marketing speak but, in reality, is an engineering strategy that has already paid dividends with the wonderful DB11 grand tourer. The Vantage is the second instalment, and arguably the most important (a flagship Vanquish replacement follows later before the whole plan begins a new cycle in 2022). Why important? Well, it’ll be the brand’s best seller, not only because it’s Aston’s entry-level car but also because it happens to be very, very good. Utilising a Mercedes-AMG-sourced V8 engine, plus the German car-maker’s electronic architecture – the two companies have a share agreement that’s great for small-scale Aston with its limited budget – the Vantage is a firecracker sportscar with soul. The tuneful V8 engine sounds unlike any AMG, and it’s striking to look at and exhilarating to drive. I’d bet that, given a few decades of appreciation, the Vantage will be a classic fetching healthy sums at exclusive car auctions. BENTLEY CONTINENTAL GT This is the world’s best two-door grand tourer. A bold statement, sure, but after recently driving it across Austria and Italy, and revelling in its composure, comfort and class, the third-generation GT surpasses its talented rivals. A bumper-to-bumper redesign, the new GT introduces a fresh design (those stunning headlamps were inspired by fine-cut crystal), a reworked W12 engine (effectively two V6 powertrains fused together) and an interior that marries a bespoke, hand-made ambience with cutting-edge technology and craftsmanship. Pristine Bentleys are admired on the classic car scene and, considering the sheer talent of the newest GT, it looks set to continue in a similar vein.

The new Bentley Continental GT was unveiled at the Frankfurt Motor Show in September 2017.

CAR NEWS

01 BUDGET: R80 000

MERCEDES-BENZ E-CLASS (W123)

Long known as the poster child for Mercedes-Benz’s formidable engineering prowess that saw its zenith in the 1980s and ‘90s, the W123 generation (the equivalent to today’s sleek E-Class sedan) was built to last. It’s therefore no wonder that, all across the world, you’ll still see them plying rough roads as taxis and family vehicles (some are even used on farms). WHY? Values have started climbing as fewer and fewer good ones are offered for sale on the secondhand market. Reliability is second to none, spares are widely available, and you can even repair them yourself if you do a spot of studying beforehand. WHICH ONE? A 280E is the one to get for its blend of punchy performance and refinement that still feels contemporary, but the unhurried diesel models have a certain charm and can reach mega mileages (think more than 1 million km). If you’re willing to stretch your budget further, investigate the glamorous CE coupé or practical TE station wagon.

03 01

03 BUDGET: R250 000

MERCEDES-BENZ SL (R129)

02 BUDGET: R120 000

TOYOTA MR2 (GENERATION THREE) Toyota surprised the motoring world when, at the turn of the millennium, it launched the thirdgeneration MR2 to rave reviews. Here was a roadster that combined all that was great about the Japanese brand – reliability, ease of use and renowned aftersales backup – with driving dynamics that electrified its pilot. And the used market has started taking notice, with MR2s steadily fetching everhigher prices. WHY? The MR2 is the blueprint for a perfect budget roadster. Combining light weight, a punchy but basic (and therefore bulletproof 1.8-litre) petrol engine and an exploitable chassis, it’s the perfect weekend car. Just don’t go too far from home… the MR2 doesn’t have a boot! WHICH ONE? Toyota made it super simple by offering just one model. Make sure it’s had all its services and that the soft and hard tops are in good nick. Don’t pay much more than R120 000 for a pristine example and you’ll have a fun little car that’s great on the daily commute, but really comes alive when you hit your favourite mountain pass.

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Our second Mercedes-Benz on this list tips the scales towards out-and-out glamour, channelling Hollywood royalty and Sandton power suits. Produced from 1989 to 2001, the R129 generation of the SL remains a surprisingly modern, usable daily driver and can easily function as an only car. (Despite seating just two, there’s loads of space inside and a decent boot.) WHY? As with the W123, Mercedes-Benz’s spares support is second to none, which is why so many of the German manufacturer’s vehicles are desirable on the second-hand market. That, and their unimpeachable quality. Mainly, though, this generation SL has been overlooked for far too long in favour of its ancestors fetching ridiculous money on the used market. This SL looks set to follow, so get your foot in the door! WHICH ONE? A 500 SL and its brawny 240 kW V8 engine will do nicely, thank you. The SL saw a number of facelifts throughout it lengthy production run, introducing modern tech and design tweaks. Some of the engines were updated, too, but there isn’t a dud in the SL range. Just make sure to check for rust, especially if the vehicle’s lived at the coast – repairs can be prohibitively expensive.

04 BUDGET: R350 000

AUDI RS4 SEDAN (B7) Long ruling the roost as the sports sedan of choice, the BMW M3 must surely have gotten the fright of its life when the RS4 was launched. Here was a family sedan that was as comfortable as a normal Audi A4 one minute and a V8-powered monster the next. Alongside the R8 supercar, the RS4 placed the modern-day Audi on the map as an expert in the sportscar genre.

WHY? Thanks to Audi’s vast experience in fourwheel-drive technology, the RS4’s Quattro all-paw system allows the midsize sedan to hit heady cornering speeds. But you’d never be able to tell by just looking at it. Understated to the extreme, the RS4 is a silent killer, and buyers’ interests are starting to be piqued. WHICH ONE? Again, there is only one, but it’s pretty much perfect. That glorious V8 engine can be controlled like a conductor would an orchestra via the six-speed manual gearbox. Fuel consumption is heavy, so do factor that into your budget, and repairs can be costly if the vehicle has not been impeccably maintained. Ideally look for one with less than 100 000 km on the clock.

06 BUDGET: R1 000 000+

BMW M3 CSL (E46)

05 BUDGET: R600 000

PORSCHE CAYMAN S (981) The second generation of Porsche’s Cayman two-seater sportscar was launched to rousing acclaim in 2012, solidifying its place in the Porsche line-up and shifting it out of the shadow of the more illustrious 911 range. Boasting an indulgently vocal 3.4-litre engine in a flat-six configuration (and thankfully lacking any form of turbo-charging), the Cayman S is an exquisitely analogue machine that ripples with feel and feedback. WHY? You simply cannot go wrong with a used Porsche, and especially not this generation of the Cayman. When Porsche replaced it with a turbo-charged version in 2016, critics cried foul. Gone was the soulful wail of the engine and the trigger-happy throttle response. Aside from all the politics, this is a superbly built machine that’s dependable, surprisingly roomy (no, really – the boot in the nose can easily swallow two weekend bags) and comfortable in the best Porsche tradition. WHICH ONE? The S with a manual transmission should be your first option for its ability to plug its driver directly into the action, but if you must have a self-shifting gearbox, the PDK is very good (and there are more of them around). Most will have a load of costly optional extras fitted, and some even sport additional body-styling accoutrements courtesy of Porsche’s extensive aftermarket catalogue. A note here: The Boxster roadster is practically a Cayman that’s had its roof lopped off, so if you want to air your hair, it’s the one to opt for.

A caveat, if I may: If you want a CSL (Coupé Sport Lightweight), be prepared to put in some serious legwork to find a great example. For a while, values plummeted, and the used-car market sniffed at BMW’s attempt to create a truly special lightweight version of its revered M3. However, that sentiment has passed – as it always would have, considering BMW built only 1 358 examples and imported just 65 to South Africa (rumours suggest half of those are still on the road), guaranteeing exclusivity – and now CSLs have crested seven figures and owners are hanging on tight to their cars. That said, at any one time a few are offered for sale. WHY? By removing 110kg from a standard M3, tweaking the engine to deliver more power and the suspension to hunker down the car and hug the road, BMW created the most-discussed sportscar of 2004. But the highlight of the CSL is the sound produced by its race-car-inspired 3.2-litre engine. With most of the cabin’s sound-deadening material removed, the scream of the inline-six powertrain enters the occupants’ ears unfiltered. WHICH ONE? You have a choice of two colours – a silver-grey and black – and that’s about it. The most important consideration is service history, more so than mileage. Make sure a BMW dealer has meticulously maintained the vehicle and inspect the bodywork for signs of an accident. Do that, keep your CSL in good order and its value will keep escalating.

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SHOP THE LOOK

LIVING ROOM 3 2

Furniture showcases your personality, style and taste, however planning a harmonious space isn’t always as easy as it looks. The new furniture collections from Mobelli are perfectly curated by an interior designer to create a blended, cohesive interior scheme. You can simply shop the entire look. 1. Brooklyn sofa R 27,995

2. Minerva coffee table R 11,695

3. Hessian Grain Bag Vase, large black R 1,329, medium cream R 719 4. Mira occasional chair R 8,795 5. Eclipse bamboo silk rug R 37,941 6. Feather green scatter cushion R 1,100

7. Lota Duck Egg scatter cushion R 1,399 8. “Unspoken Words I & II” by Susan Rood R 11,400 9. “Encaustic” Oil on Board by Susan Rood R10,260

Find us on...

mobelli.co.za

Sea Point | Illovo | Fourways | Menlyn Piazza NEW Concept Showroom now open in Cape Town.

2018 June - Mobelli.indd 1

2018/05/15 3:26:44 PM

SHOWCASE

MAKING AN

UNDERSTATEMENT Contemporary design and period pieces with personality mix comfortably in a serene Cape Town penthouse apartment TEXT Julia Freemantle PHOTOGRAPHS Ansjah Bloem

After living with very little furniture for a while during a renovation, the owner of this city apartment decided to maintain a minimal aesthetic once the space was redone.

enthouse apartments are usually the “showcase” of a building, the pièce de resistance, and often the default is to go all out with glit nishes and statement design. Which is why this space by Hendre Bloem Design in Green Point is all the more refreshing for its simplicity. The client had been living in the apartment for 10 years and wanted a change, so she stripped the space down to the bare minimum. By the time she enlisted Hendre to help her redo the decor, she’d become used to the pared-down aesthetic. “The client came to love the openness of the space, and this minimal living st le reall in uenced the new loo , says Hendre. iven this almost literal blan canvas, there was scope for Hendre to create something understated but memorable. Because despite the brief for something really uncluttered, the client d id want the design to tell a story. “When she explained that she wanted a minimal scheme, m rst thought was that I needed to focus on unique and iconic pieces. When you’re wor ing with fewer items than usual, it s important that each is a feature in its own right,” says Hendre. In addition, the owner wanted pre-existing period pieces of her own with sentimental signi cance incorporated into the scheme special items passed

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down to her from her grandmother and older generations. To achieve a harmonious combination, the new items were carefully chosen to complement and enhance the older pieces. endre eroed in on certain brands and designers such as Scandinavian brands Muuto and Gubi, and local designers ames udge and aldane artin because their design aesthetic is somewhat in uenced b vintage and historical details and craftsmanship, albeit an unconventional and fresh expression. In this way, there is a synergy between old and new, which allows for a layered and interesting rather than disjointed space. he e to ensuring this was to factor in the vintage pieces from the beginning. It was very important that everything, both old and new, wor ed together in perfect harmon , and that it didn t loo li e an thing was placed in the space as an afterthought.” he overall effect is one of down-to-earth serenit and soul, this sense also a result of the calming palette Hendre used throughout e too the same approach when selecting colours subtle et effective in offering contrast and highlighting certain details.” his also has the effect of creating a tran uil space above the cit the apartment is high up and has magni cent views, and while it feels very much part of the city, also serves as a refuge from it.

SHOWCASE

CLOCKWISE FROM TOP LEFT A Gregor Jenkin table adds weight and gravitas to the airy living room. | The number of objects in the apartment was kept to a minimum, so each piece is all the more impactful. | A shelving unit by local furniture designer James Mudge, known for his focus on craftsmanship, is effective in its raw beauty and simplicity. | Hendre used colour sparingly but powerfully. Here, a black bookshelf blends into a dramatic feature wall. | The use of neutral tones and different textures in the outdoor living space makes the most of the location and view. OPPOSITE Despite the space featuring numerous vintage pieces, it doesnâ&#x20AC;&#x2122;t take itself too seriously â&#x20AC;&#x201C; as seen in the playful off-centre way Hendre has grouped a collection of retro clocks for impact.

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SHOWCASE

WHEN YOU’RE WORKING WITH FEWER ITEMS THAN USUAL, IT’S IMPORTANT THAT

e ac h i s a f e at u re

IN ITS OWN RIGHT Hendre Bloem

CLOCKWISE FROM ABOVE Situated in Green Point, the apartment affords beautiful Atlantic Seaboard cityand seascapes. | The open-plan living space, comprised of dining and seating areas that lead out onto the balcony, features simple but unique furniture pieces, which contribute to the calming, comfortable aesthetic. | A mix of clean contemporary lines and nostalgic retro silhouettes against a pale-pink backdrop give the master bedroom an unfussy femininity.

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Q&A

HENDRE BLOEM WHAT DO YOU LOVE ABOUT ABOUT LIVING IN CAPE TOWN? The food and the creative culture – whether you’re visiting a high-end local design showroom or merely walking down the street, the creativity is palpable. It has no boundaries and is not determined or limited only to certain groups of people, income or status. You can see knitted sleeves over lamp posts, fences with macramé, exquisite graffiti as well as super-high-end items in a window display, all while standing in the same spot and just looking around.

WHO DO YOU THINK IS THE MOST EXCITING FURNITURE/PRODUCT DESIGNER ON THE LOCAL SCENE RIGHT NOW? I am a big fan of beautiful lighting and light fittings. This is an area I think South Africa is still growing in, but amazing products are popping up through companies like Woltemade and Studio 19. My favourite furniture designer is James Mudge.

HOW WOULD YOU DESCRIBE YOUR PERSONAL DESIGN STYLE? Everevolving. Right now I’m leaning more towards moody and dark finishes. Even so, I prefer a timeless approach that still looks incredible five years down the line and doesn’t leave you (or your client) asking, “What was I thinking?”

NAME SOME OF YOUR FAVOURITE SPOTS FOR SPECIAL DECOR FINDS. Créma Design for imported and unique decor items and the coolest accessories. For homeware, you can’t really go wrong with Country Road.

hendrebloem.com

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S T R A I G H T TA L K

ART AND SOUL ith painting as her rst love, alia luc man e tends her passion from e ploring what it means to be human to empowering oung creative talent

TEXT Galia Gluckman PHOTOGRAPH Karl Rodgers

s a child, I would watch my mom paint in her studio at night. I loved the mystery and going back in the morning to see what she had worked on while I was asleep. From a very young age, my dream was to be an artist, too, but my parents were adamant I should study something that could bring more financial security to my future. I chose to pursue fashion design as my career and this allowed me to stand on my own two feet and gave me opportunities that regular work allows. Designing lingerie, I enjoyed the intricate pattern-making and drawing, and fashion design eventually led me to London and then New York, but I began to find the industry too prescriptive. In New York, I reconnected with my first love: fine art. The timing was right. During my time in the city, I was fortunate to win a Green Artist Challenge at Artexpo New York. A couple of months later, I was commissioned by the mayor to create a large piece for the train station in the Great Neck region. I returned to South Africa in 2010, to Cape Town, and I still live there today with my husband Gary and children Ella and Levi. I’m proud to have exhibited my works both locally and abroad, and to be represented in some notable art collections, including the one at the official presidential residence in Cape Town; the art collection at Leeu Estates, Franschhoek; and the Spier Art Collection. I’ve aligned with two great charities, auctioning off some of my work for the benefit of SAFIM’s curatorial graduate programme and ArtAngels Africa, which seeks to assist 1 million learners by 2022. As a mother, I feel passionate about donating to such worthy causes. My work is inspired by investigating daily life’s order in opposition to its chaos, and represents notions of self-reflection and meditation, noting varied contemporary concerns. I explore themes of cellular memory, and what it means to be human. Through the use of various visual references and abstraction, I create my large-scale, multifaceted artworks by using pigment ink on cotton paper, collage and acrylic paint, occasionally using gold or silver leaf as well. My latest body of work, titled ora (edge), marks my second presentation with Everard Read/ CIRCA Cape Town and my first solo exhibition in its new CIRCA Gallery space. The work on display in ora (edge) took nearly two years to complete. The title makes reference to pushing personal boundaries as well as referencing more physical land “edges”, borders and aerial views. I intend to further explore this theme in the body of work, which will debut at CIRCA Johannesburg in September this year – marking my debut solo in the Johannesburg gallery space. Galia’s ora (edge) exhibition at Everard Read/CIRCA Cape Town concluded in May; find out more at everard-read.co.za. galiagluckman.com

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LUXURY INVESTMENT

ART MAJOR Crucial shifts in why and what art lovers are buying made 2017 a huge year for art investment, and catalysed a renewed appreciation for it as an asset TEXT Julia Freemantle PHOTOGRAPHS Olivier Saillant, Jason Peters, supplied

s the top-performing luxury class in 2017, according to the annual Knight Frank Wealth Report, art saw a rise to the top of the Luxury Investment Index, having lagged behind classic cars and wine in recent years. After a dip in 2016 due to a depressed market, 2017 saw a resurgence in strength, driven by a year of landmark sales and increased global demand. Data from Art Market Research (AMR), which Knight Frank uses to track performance, indicates the average value of art sold at auction rose by 21%. The trend was widespread, but two sales dominated the news, and they were interesting for reasons beyond just the huge numbers they fetched. Jean-Michel Basquiat’s Untitled went under the hammer to Japanese billionaire and art collector Yusaku Maezawa for US$110.5 million, making it the most expensive American artwork ever sold. This is double the highest price previously achieved by the former street artist, who died at 27. And if this price was unexpected, then the sale of the recently rediscovered circa 1500 Salvator Mundi by Renaissance master Leonardo da Vinci for an unprecedented US$450 million to an unconfirmed buyer made 2017 a watershed year for fine art, and illustrated the diversity and deep pockets of global collectors. Mystery surrounds Salvator’s Mundi’s actual buyer, but it emerged that the work would be displayed in the new Louvre Abu Dhabi collection, which opened just four days before the sale, the unveiling signalling the Middle Eastern destination’s seriousness in becoming a major player on the fine art scene. “The desire among wealthy art enthusiasts to add to their new museums carried on through 2017, while the appetites of great institutions such as the Louvre, which opened a new franchise in Abu Dhabi, put more pressure on supply,” says AMR’s Sebastian Duthy of the increase in demand and resultant high prices. As part of Abu Dhabi’s goal to become a cultural centre, there are plans for the addition of a National Museum (designed by Lord Foster) and a new Guggenheim (by Frank Gehry), which together with the Louvre will create an island of museums and galleries. High-profile art museums seemed to spring up all over during the course of last year. Naturally, they’ve been in the works for much longer, but there was a worldwide wave of cultural-institution openings, signalling increased public appreciation as well as a rise in visible corporate and private patronage of the arts. The Zeitz MOCAA in Cape Town and the Louvre Abu Dhabi are just two of the more prominent ones, but smaller museums and galleries, often designed by architects with clout, were

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numerous. And foundations that look to further the arts, like NIROX in Johannesburg’s Cradle of Humankind, which hosts artist residencies and fairs, are becoming an increasingly popular way for the public to access and consume art. The Norval Foundation in Steenberg, which launched in late April, is the newest such space. Guided by executive director Elana Brundyn, the Norval Foundation, as the custodians of the Edoardo Villa Estate Collection, the Alexis Preller Archive and the Homestead Art Collection (one of the leading collections of 20th-century South African art, assembled by the Norval family over the past two decades), will offer a multisensory art appreciation and education experience, celebrating a wide variety of mediums and art with global appeal. Designed by dhk Architects, and encompassing sculpture gardens, galleries, amphitheatres, a research library, shop and restaurant, the centre has been conceived to make art widely accessible to local and international visitors by creating a self-sustainable centre that merges with the natural setting (adjacent to Table Mountain National Park). “We’re very lucky to have a space that is not only a world-class destination for art but is also welcoming for those who are not necessarily art lovers, providing them with a space where they can discover and interact with art at their leisure,” says Elana, whose previous experience includes a tenure at Zeitz MOCAA. With South African and African art gaining traction worldwide, it’s no surprise to see local investment in the arts. The AfrAsia Bank South Africa Wealth Report 2018 looked at the rise of fine art and classic cars in South Africa over the past decade. According to its in-house indices, South African fine art prices have risen by 28% over the past 10 years (in US$ terms) and global fine art prices have risen by 12% over the same period. If you’re looking to sell local art, the works that will fetch (and cost) the most are by the likes of Maggie Laubser, Irma Stern, JH Pierneef, Alexis Preller, Hugo Naudé, Gerard Sekoto, William Kentridge and John Meyer. These are the leaders in terms of price, consistently fetching high numbers. AfrAsia predicts Maggie Laubser’s prices in particular are expected to rise, potentially matching Irma Stern (the most valuable South African artist currently) in the future. Data from auctioneers Strauss & Co confirms these findings; looking at its sales figures, after South African masters Irma Stern and JH Pierneef, Strauss & Co’s best-performing artist in 2017 was Alexis Preller, with combined sales of R33.5 million from just 24 lots and a top price of R8.2 million.

CLOCKWISE FROM TOP LEFT Touted as a name to watch by Strauss & Co art experts, Georgina Gratrix is an innovative and exciting artist on the contemporary scene. This work, Kiss Kiss, 2013, was sold by Strauss & Co for R318 304. | The Louvre Abu Dhabi, in collaboration with the French government, aims to bring a new level of art appreciation to the United Arab Emirates and make it a high-profile cultural and art centre. | With landscaped gardens and a vast lifestyle offering, the Norval Foundation in Steenberg offers a multisensory art experience. | The Norval Foundation is the custodian of the Gerard Sekoto Foundation, Edoardo Villa Estate Collection and Alexis Preller Archive.

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It is not just conventional artists that are attracting attention; indigenous culture is increasingly being embraced. Traditional Ndebele artist Esther Mahlangu was recently awarded an honorary doctorate by the University of Johannesburg for “her legacy as a cultural entrepreneur and educator, skilfully negotiating local and global worlds”. She will present a mural as part of NIROX’s Not a Single Story exhibition in collaboration with Wanås Konst, The Wanås Foundation, Sweden, on until the end of July. Artist Tony Gum, too, celebrates her heritage in a more 21st-century but equally non-conventional fashion: with a career that was launched via social media rather than the typical gallery channels. This signals a marked change in attitude towards what was historically considered the right medium, or method, and potentially heralds the beginning of a different assessment s stem for artwor going forward as far as what is considered valuable, and why. or domestic pride of a different sort night ran has noticed a marked correlation between real estate and art purchase patterns, with a new generation of ultra-high-net-worth individuals (UHNWIs) designing their homes around their art collections. “It’s almost a prerequisite that super-prime buyers seek a home with a main room ceiling height of 3 m or more,” says Rupert des Forges,

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Knight Frank’s head of Prime Central London Developments. “That’s the minimum height you need to display serious artwork, and that’s what many of our clients factor into their decisions.” his desire to have a home lled with impressive art is a global phenomenon. Taking this further, Knight Frank’s residential real estate partner Douglas Elliman in the US says he frequently sees an overlap between its clients and those who attend high-end auctions and art shows such as Art Basel Miami, further highlighting the commitment by UHNWIs to their investments. When a personal collection gets too big to contain, this can spill into the public sphere for others to en o prompting such institutions as Zeitz MOCAA. Likewise, Yusaku Maezawa, the buyer of the Basquiat, plans to loan the work internationally before placing it in his personal collection. He is also the founder of the Contemporary Art Foundation in Tokyo, which puts on two shows a year and is planning to build a museum in Chiba, just outside Tokyo. This changing attitude that goes beyond personal ownership and investment, and extends into a realm of sharing and educating on a larger scale, will no doubt see interesting developments in the near future.

LUXURY INVESTMENT

THIS PAGE, CLOCKWISE FROM TOP LEFT Mongezi Ncaphayi’s abstract works combine painting and print-making techniques. His diptych Treasure Hunt (one part pictured) was sold by Strauss & Co for R193 256. | Owen Martin, chief curator at the Norval Foundation. | NIROX regularly holds group exhibitions and encourages public engagement with art on a multidisciplinary level in its park setting through music, sculpture and installations.

OPPOSITE, CLOCKWISE FROM TOP LEFT Esther Mahlangu has been lauded for the celebration of her Ndebele heritage via her large-scale mural works. | Illustrating the changing structures in how art is seen and sold, Tony Gum’s rise to prominence came through social media, and grew her an audience independent of traditional gallery restraints. | Jake Aikman’s moody work has found resonance with art aficionados – his oil-on-canvas Adrift II recently fetched R250 096 at a Strauss & Co auction.

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Trends driving the fashion industry go beyond face value

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DRESS CODE TEXT Julia Freemantle PHOTOGRAPHS Earl Abrahams, Olivier Saillant, Jason Peters, supplied

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FA S H I O N T R E N D S

The fashion industry by nature is ever evolving, but the trends extend beyond just what trouser length and It-bag are in vogue this season. In this multibillion-dollar global industry, macro movements drive the consumer behaviour we see on a small scale.

01 MEDIA MAXIMISATION For brands to thrive, they need to grasp the multimedia nature of the industry and use numerous channels to create content to reach their audiences. This is no different for fashion, where creating platforms for different voices and offering a layered experience is part of their offering. Illustrating how important it is to diversify, the Bokeh South African International Fashion Film Festival is shifting up a gear in its fifth year to expand into lifestyle, music and technology (in addition to its core pillars of fashion and film). With the launch of a TV show, too, the festival founders are growing the platform for young and local talent. Through sponsorships by brands like Mercedes-Benz, the organisation is further able to promote innovation and creative excellence while fostering emerging talent.

02 – 03 CULTURAL CAPITAL These days, luxury brands have to demonstrate accountability to be taken seriously, be it on a community level or in terms of sustainability. Standing for something is an essential element of a successful package, and this can translate into a number of ways of giving back. Luxury luggage designer Missibaba has collaborated with Mami Wata on a custom surfboard bag design in aid of youth surf therapy NPO Waves For Change, which works at five sites in South Africa and one in Liberia. Proceeds from the sale of the surfboard bag will be used to fund the construction of a new Waves For Change clubhouse in Harper, Liberia. Further afield, Chanel’s recent pledge to renovate the Grand Palais – a site closely linked to the fashion house – shows its commitment to Paris and the cultural heritage of the city that defines the luxury maison. The ¤25 million contribution will aid in the renovation project, scheduled to begin in December 2020 and culminate in 2024, with a partial reopening in 2023. This isn’t the only initiative Chanel is supporting – the brand is also the exclusive sponsor for the creation of permanent exhibition spaces in the Palais Galliera, the Fashion Museum of the City of Paris, and will build a new complex to honour its Paris-based Métiers d’Art, highlighting its desire to support the city’s status as a leading cultural space.

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FA S H I O N T R E N D S

04 STAR POWER A luxury company is only as powerful as the people wearing it. While this is nothing new, the impact of brand ambassadors has dramatically increased in direct relation to the rise of social media as a publicity tool. Selecting the right face and name as representation can transform a brand’s audience and perception – resulting in a better bottom line. Omega’s recent addition of model Kaia Gerber to the fold as ambassador for a new Trésor collection introduces the brand to a new generation. Iconic ’90s model and businesswoman Cindy Crawford has been involved with Omega for 20 years, and enlisting her daughter Kaia and the enormous social media following that comes with her was a masterstroke by the company. They went one step further with a recent campaign featuring the collective star power of the whole Gerber family.

05 – 06 RETAIL REBIRTH Trends move in swings and roundabouts. One trend will always precipitate another in reaction to it. One such example is the return to a focus on retail shopping by luxury brands as a response to the explosion of online commerce. Realising that they’re able to offer exclusive experiences that are absent online and that transcend the simple transaction of buying something, brands like Louis Vuitton have stepped up their physical retail game to draw customers back into stores. The venerable French brand’s new multilevel Place Vendôme flagship in Paris is a monument to all things Vuitton, celebrating the art of shopping at a level that few other retail spaces around the world have achieved. Showcasing its heritage (the Place Vendôme is, after all, where the founder opened his first trunk shop 160 years ago), architect and long-time Vuitton collaborator Peter Marino has provided a modern twist to a literal journey through the brand over various floors – from womenswear and menswear to accessories, the Objects Nomads collection, to specially curated artwork and the historical trunk collection. The space is designed to delight and celebrate old and new in true exciting Marino style, making a real case for bricks-and-mortar retail over online.

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07 â&#x20AC;&#x201C; 08 THE RISE OF REAL In the past, luxury brands have leaned towards selling a glossy lifestyle to their consumers. The backlash of this long-term focus on glamour and one-upmanship is a demand by consumers for a return to realness and a sense of authenticity thatâ&#x20AC;&#x2122;s aspirational rather than envy-inducing. Brands like Panerai are heroing leaders in their fields rather than celebrities in campaigns that celebrate talent and excellence rather than fame. For its Traits series, the Richmond subsidiary put together a selection of personalities, including photographer Jason Peterson (left), professional free diver Guillaume NĂŠry (below), Michelin-star chef Massimo Bottura and designer Costas Voyatzis to celebrate Panerai within the context of their work and lifestyles. The four beautifully shot chapters feature various timepieces, and their focus on real people living their lives makes the brand infinitely more relatable.

07 08

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FA S H I O N T R E N D S

09 – 10 THE AFRICA FACTOR Eyes are increasingly turning to the African continent. This time, it’s not just for aesthetic inspiration – as was all too common in the past – but for collaborative design opportunities available in the vast resources of untapped talent. Designers like Trevor Stuurman are making great strides in raising the profile of African creativity, and specifically South African designers, with a forward-thinking approach. A recent campaign by Dutch brand Vlisco features images from a photo booth set up by Stuurman at the One Source Live festival in Johannesburg, an event celebrating the transformative power of African creativity in music, fashion, art and photography. The striking visuals showcase African style in garments made with Vlisco fabrics, presenting a perspective of fashion on the continent that does away with outdated faux-tribal clichés. Another recent project by Stuurman, in collaboration with local millinery brand Simon and Mary, offers an equally contemporary and nonstereotypical slant on the fashion industry in Africa – one that’s progressive and on par with international trends.

09 10

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• 011 701 2200 Real Estate Life - Lacanche - May 2018.indd 1

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info@culinary.co.za

• www.culinary.co.za 25/05/2018 11:02:39

L U X U R Y T R AV E L

THE SKYâ&#x20AC;&#x2122;S NO LIMIT

For travellers with a taste for luxury and a need for speed, private aviation offers ever thing from unmatched e cienc to once-in-a-lifetime e periences TEXT Cayleigh Bright PHOTOGRAPHS Courtesy of Red Carnation Hotels, Shutterstock, supplied

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n upgrade to rst class ma be a treat, but until ou ve ta en our rst trip in a private plane it s safe to sa ou haven t et reached the height of lu ur travel hen it comes to business travel, chartered ights serve a practical purpose, allowing businesspeople the abilit to visit multiple sites in a short period hen the moment arrives to be in the right place to seal a deal, ight dela s are not an option time is, as the sa ing goes, mone n a s mbolic level, private planes also have an important purpose or the entrepreneur with ambition, a leisure trip in a private plane signals to accompan ing clients that theyâ&#x20AC;&#x2122;ve arrived. he private aviation et compan ecu et s core customer is an a uent traveller who is not necessaril super-wealth et but whose earnings and disposable income are on the up, sa s ecu et countr manager hilip du ree ith three of ecu et s worldwide operating facilities in ape own, ohannesburg and agos, the compan is well positioned to connect frica s established and rapidl growing business hubs n en a, remote areas are more connected to the capital than ever than s to the increasingl e cient infrastructure of small plane travel or frica s a uent elite those most li el to ma e use of what private aviation has to offer a long-term vision for the continent is as important

as, and closely tied to, their own business interests. Couple this with a typically millennial sensibility of social consciousness and environmental responsibility, and it’s easy to understand why it’s important to young high iers that their travel choices are as ind to nature as possible t s been part of Philip’s mission to ensure that ExecuJet’s operation is carbon neutral. or man , chartered aviation provides the means to en o buc et-list experiences that might otherwise have been unattainable. One standout example is a day trip from Cape Town to Antarctica, allowing you to board a plane, e perience all of the breathta ing beaut of the coolest continent, then return to a warm bed in Cape Town on the same day. nsurprisingl , much of the leisure travel that ta es place on private planes in South Africa is to safari lodges and remote resorts. Although man of the destinations are accessible b road, too, a ight allows for a uic er, more comfortable ourne that shows off the landscape from a unique perspective. On arrival, guests are well rested and ready to e perience delights such as whale watching, hi ing and mountain bi ing in De Hoop Nature Reserve; botanical tours on the tip of Africa at Grootbos; and spectacular private outdoor dining at Bushmans Kloof. A little further a eld, island-hopping is made effortless for visitors to o ambi ue ant to get a taste of the high- ing life hilip sa s for man people, empt legs are the rst ourne that customers ma e with ecu et hese trips are available when a plane hired by a customer is not required for

a round trip, or the traveller only requires a few seats on a chartered plane and is happy to share – as long as those joining the trip are aware they’re on his or her schedule. These trips end up costing only marginally more than a ight on a commercial liner, so the re the ideal wa to start our ourne into the world of private aviation ho nows ou ma become one of the many travellers who graduate to a small plane you’ve chartered yourself, then larger aircraft as your needs, budget and taste for adventure grow. e x e c u j e t . c om

CLOCKWISE FROM OPPOSITE ExecuJet travellers on one-day return trips to Antarctica land and take off at this airstrip. | Guests at Bushmans Kloof – one of the luxe destinations accessible via private charter – are treated to memorable outdoor dining experiences. | A charter flight will take you to idyllic destinations on the Mozambican coast. | Philip du Preez, GM of the ExecuJet Aviation Group. | In-flight dining and drinks make a private flight the ideal environment to unwind – or seal a deal. | Fly in to De Hoop Nature Reserve and you’ll discover that De Hoop Vlei is a prime spot for birdwatching; and the De Hoop Collection Opstal Houses are the ideal base from which to explore the reserve, watch whales or take a guided eco boat trip.

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A FINE

INVESTMENT Where is wine as luxury investment? We asked connoisseur Juliet Cullinan about wine’s status, local brands in particular TEXT Debbie Hathway PHOTOGRAPHS Shutterstock, supplied

ine as an asset class saw growth of 11% last year, behind art in top spot, according to the Knight Frank Luxury Investment Index (KFLII). “Burgundy markets rose 16,5% on the back of more or less insatiable global demand for the top wines, and a series of poor harvests, culminating in the 2016 release, where some communes were down in volume by as much as 70% due to frost damage,” says Wine Owners’ Nick Martin, who compiles the Knight Frank Fine Wine Icons Index for KFLII. Andrew Gordon, managing director of Private Cellar, which provides a bespoke cellar management service for high-networth collectors, agrees that demand for the top Burgundies is “stronger than ever”, but notes that blue-chip wines from Bordeaux, Italy and California do not linger long. While South African wine and winemakers have been honoured in the highest international circles, where South Africa excels is in its fruit, food pairing and value for money, says Juliet Cullinan, founder of the Juliet Cullinan Standard Bank Wine Festival. She is particularly excited about the new styles of wine being made by young winemakers.

hese creative winema ers are anal sing the fruit avours, looking at the grapes, the best blends to make, the best cultivars, the best structure… They are thinking wine totally out of the box and creating new styles of wine,” she says. “There are so many wonderful changes in the industry. The ualit since m rst ear in , when wor ed for in Johannesburg and after that in London, has improved and our wines have a depth of avour not found internationall I’m excited about what we have achieved as a wine nation and what is in store.” Few could dispute that South Africa is producing worldclass wines, yet international investors have their sights on Bordeaux and Burgundy. wo of the best sources to nd what are regarded as local investment wines are the annual Nedbank Cape Winemakers Guild Auction and the Nederburg Auction. The former showcases the most exclusive wines produced by some of South Africa’s leading winemakers in small quantities solely for this event, and is open to the public. The Nederburg uction, which is b invitation onl , offers local and international buyers access to rare and sought-after wines from the country’s best vintages, many of which are not available on the open market.

LUXURY INVESTMENT

USING LUXURY FOR GOOD

OPPOSITE Juliet Cullinan is a consultant and promoter of high-quality wines, and founder of the annual Juliet Culinan Standard Bank Wine Festival. ABOVE To date, the Cape Wine Auction has raised R71 million for Winelands-based charities. ABOVE RIGHT Mike Ratcliffe, MD of Warwick and Vilafonté wine estates, is developing a culture of philanthropy among donors and bidders at the Cape Wine Auction. All funds raised go to beneficiaries that support schools and early-childhood development centres in the Winelands, such as the Hope Through Action Foundation.

Following the recent Africa Luxury & Wealth Summit in Cape Town, we chatted to i e atcliffe about the philanthropic impact of the Cape Wine Auction (CWA), which this year raised R17,5 million. Mike is co-founder of the CWA and MD of Warwick and Vilafonté wine estates. All the money raised is distributed via the ape ine uction rust to bene ciaries that contribute to the education and wellbeing of children in the Winelands. The results are clear. “Wemmershoek Primary has shown an improvement in its general pass rate over the past two years,” says Mike. “Howard Muller from Meerlust Estate was in Grade 5 at SPARK Lynedoch Primary School last year. In the rst term his maths mar was b the third term this had increased to 61%!” ut it s not onl about what s happening in the academic environment he rust also provides meals per ear to children at Winelands schools, which has a positive effect on attendance.

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W E A LT H R E P O R T

SHOW ME THE

MONEY Recently released wealth reports give insight into the lifestyles and spending habits of a uent South Africans TEXT Georgina Guedes PHOTOGRAPHS Shutterstock, supplied

PASSING WEALTH TO THE NEXT GENERATION

According to The Wealth Report 2018 from Knight Frank, HNWIs in Africa have the following approach to leaving a nancial legac

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47% have a robust succession plan in place

very year, AfrAsia Bank releases the South Africa Wealth Report, carried out by New World Wealth, to investigate where South Africa stands in the global wealth stakes. The 2018 report revealed South Africa ranks 33rd worldwide in terms of total wealth, and 38th worldwide in terms of the number of high-networth individuals. High-net-worth individuals, or HNWIs, are those with wealth exceeding US$1 million (R12 million), and “wealth” in this context means a person’s net assets, including their property, cash, equities and business interests, and minus any liabilities. The total private wealth held in South Africa amounts to about US$722 billion, and about US$306 billion of this is held by HNWIs.

43% of wealthy households send their children overseas for education

26% have a full wealth transfer plan in place

19% are planning to permanently emigrate to another country

17% are planning to buy an additional home outside their home country

15% are planning to buy an additional home in their home country

ZAR/m2

US$/m2

Clifton

82 000

6 700

Bantry Bay

76 000

6 200

Fresnaye

61 000

5 000

Camps Bay

56 000

4 600

Bakoven

56 000

4 600

Llandudno

54 000

4 400

Granger Bay

54 000

4 400

Mouille Point

52 000

4 200

Green Point

48 000

3 900

City Bowl

47 000

3 800

THE TOP TEN MOST EXPENSIVE STREETS IN SA

ZAR/m2

US$/m2

The Ridge and Cliff Road

Clifton, Cape Town

95 000

7 700

Victoria Road

Clifton and Bantry Bay, Cape Town

92 000

7 500

V&A Marina, Dock Road

City Bowl, Cape Town

90 000

7 300

Nettleton Road

Clifton, Cape Town

87 000

7 100

Clifton Road

Clifton, Cape Town

85 000

6 900

Kloof Road

Clifton and Bantry Bay, Cape Town

84 000

6 800

Avenue Saint Leon

Bantry Bay, Cape Town

80 000

6 500

De Wet Road

Bantry Bay, Cape Town

78 000

6 300

Avenue Marina

Bantry Bay, Cape Town

76 000

6 200

Ocean View Drive

Bantry Bay, Cape Town

75 000

6 100

WHERE DO SA’S DOLLAR MILLIONAIRES LIKE TO LIVE?

The South Africa Wealth Report looks at the exclusivity of residential areas using two metrics. The combination is useful, because the rst metric, price per square metre, sometimes falls short in comparing apartments with homes with a garden, and the second – looking at the number of R20 million homes in an area – excludes many areas that have mostly apartments, such as Umhlanga in KwaZulu-Natal.

OPPOSITE Bantry Bay on the Antlantic Seaboard in Cape Town has some of the most expensive properties in the country. House prices can reach up to R92 000/m2. THIS PAGE, FROM THE TOP This six-bedroom home in Fresnaye, Cape Town, is listed by Pam Golding Properties for R75 million. | Designed by a leading architect, the Fresnaye house sits on two plots measuring 1 432 m2. It features a vineyard, wine-making facilities and a wine-tasting room. | This fourbedroom house in Bantry Bay, also listed by Pam Golding Properties, has an expansive open-plan living area that flows onto an entertainment deck with sea and city views, and another living area that leads onto a private pool deck.

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WHAT ELSE SOUTH AFRICANS DO WITH THEIR WEALTH

According to the South Africa Wealth Report 2018, the top spend categories for wealthy South Africans are shopping and recreation, dining and travel. When looking at what they actually purchase or own, things get a little more interesting. u ing collectibles in outh frica is up signi cantl over the past decade. This category includes any luxury item that holds its value reasonably well over time, including classic cars, art, ne wine and stamps FINE ART

The report states that the top-end art market is valued at about US$65 billion, and African art accounts for about US$1 billion of this, with US$450 million being held in South Africa. ccording to our in-house indices, outh frican ne art prices have risen by 28% over the past 10 years (in US$ terms). lobal ne art prices have risen b over the same period, says Andrew Amoils, head of research at New World Wealth.

LEADING SOUTH AFRICAN ARTISTS (IN TERMS OF PRICE) INCLUDE: Average price per painting

Can fetch up to

Irma Stern Currently the most valuable South African artist

R5 million

R30 million

Maggie Laubser The price of her paintings is expected to increase steeply in the near future

R600 000

R5 million

JH Pierneef

R800 000

R20 million

Alexis Preller

R600,000

R10 million

Gerard Sekoto

R400 000

R5 million

Hugo Naudé

R300 000

R2 million

William Kentridge

R800 000

R5 million

John Meyer

R300 000

R3 million

New World Wealth predicts that the following artists will fetch similar prices to the artists above in the near future: • • • • • •

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Adriaan Boshoff Stefan Ampenberger Branko Dimitrov Roberto Vaccaro (sculpture) Portchie Isabel le Roux

W E A LT H R E P O R T

TRAVELS OF THE YOUNG AND WEALTHY

At the Africa Luxury & Wealth Summit, held at the Belmond Mount Nelson Hotel in February, ExecuJet general manager of aviation Philip du Preez unpacked some trends about how millennial HNWIs in Africa travel. He said African millennials (aged 21 to 34) are now joining the a uent elite, and their media behaviour con rms the are determined to keep up with upscale lifestyle trends. They use gold or platinum credit cards to shop for well-known brands based on social media and media trends, and make many air trips – for both business and leisure – during which they stay in upmarket hotels and resorts. Social responsibility and environmental concerns are top priorities for the young African wealthy – they take a company’s commitment to corporate and social responsibility into consideration when they make purchasing decisions.

PHILANTHROPIC CONCERNS

According to The Wealth Report 2018 from Knight Frank, Africa’s wealthy are most likely to support the following philanthropic causes:

30% job creation/training

27% environmental issues

25% education

24% health/disease control

21% disaster relief/ emergencies

18% social issues (equality/ human rights)

18% animal welfare and conservation

6% arts

CLOCKWISE FROM FAR LEFT Portrait of Rebecca Hourwich Reyher by Irma Stern, currently South Africa’s most valuable artist, is held in a private collection. | A Drover and Cattle by impressionist artist Adriaan Boshoff, whose works are expected to rise in value. | ExecuJet general manager of aviation Philip du Preez says millennials are increasingly gravitating toward luxury travel experiences and make frequent air trips. | According to Knight Frank’s The Wealth Report 2018, South Africa is forecast to see a 20% uplift in its ultra-wealthy population over the next five years, after a 14% rise in 2017.

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TEXT Genevieve Putter PHOTOGRAPHS yays.com, supplied

HOT PROPERTY Inspiring design and architectural trends shaping the future of property here and elsewhere in the world

HOT PROPERTY

01 YAY FOR BOUTIQUE STAYS New leisure and business concierge service Yays Concierged Boutique Apartments has set a new bar for travellers who want to unlock the secrets of the neighbourhoods they stay in. With a range of fully serviced high-end apartments in Amsterdam and Barcelona (and soon in Antwerp and Paris), it aims to give guests access to local knowledge about the surrounding neighbourhoods. Recently added to their books is this apartment built in a crane in Amsterdamâ&#x20AC;&#x2122;s harbour. Historically known as Figee crane 2868, it dates to the mid-1940s, and by 1975 it was the only crane spared from demolition as the area became gentrified. For years it stood untouched, until restoration began in 2016. Amsterdam-based interior designer Edward van Vliet transformed it into the upmarket three-storey The Yays â&#x20AC;&#x201C; Crane Apartment. yays.com

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HOT PROPERTY

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02 KENYA’S NEW VERTICAL VILLAGE South African architecture firm Paragon is overseeing the construction of Habitat Apartments in the Kenyan capital’s business district of Kilimani, in conjunction with Kenya’s Design Source of Nairobi. Scheduled for completion in 2020, the 24-storey, 160-unit mixeduse apartment tower is set to be one of the tallest in Nairobi. The design brief by developer Ekco Investments was for a tall building that maximised the development potential while containing excavation and foundation costs. “The idea was to be as efficient as possible, and afford the city perhaps its first vertically articulated building,” says Paragon architect Edwin Seda. paragon.co.za

03 EIGHTONN CELEBRATES the harmony created by opposites, starting with its setting. Framed on one side by the tranquil tides of the Atlantic Ocean and the vibrancy of Main Road on the other, Blok’s latest development enables residents to immerse themselves in Sea Point’s duality. This extends through the exterior’s fractal design, reflecting nature’s balance and repetition, with each repeated detail creating something unique. EIGHTONN boasts 18 spacious, pet-friendly and water-and energy-efficient apartments. Each is fitted with oak flooring, while the kitchens come complete with soft-touch joinery, beautifully curated splashbacks and the finest appliances, created by Smeg, the world leader in design and aesthetic practicality. In keeping with modern building features, EIGHTONN offers access control, CCTV and on-site security as well as secure parking, high-speed internet and environmentally conscious living innovations. Occupation is scheduled for summer 2019/2020, and apartments are now selling. blok.co.za

04 GREEN LUXE Africa’s greenest hotel has opened on the island of Zanzibar after three years under construction. Hotel Verde Zanzibar – Azam Luxury Resort & Spa is a five-star 106-room resort owned by Zanzibari-born businessman Said Salim Awadh Bakhresa and contracted to South African-based Verde Hotels, which also manages the Hotel Verde Cape Town at Cape Town International Airport. One of Verde Zanzibar’s sustainable features is grey- and black-water recycling, and the building contractors followed Green Building Council guidelines. The hotel is 2 km from Stone Town and within walking distance of the beach. Its offering includes three restaurants, conference facilities, a gaming room and a kids’ club; and a marina and water park are in the pipeline. hotelverdezanzibar.com

05 URBAN CRAFT The much-anticipated Sandton Gate, developed by Craft Homes, is set to launch its first phase later this year, consisting of open-plan two- and three-bedroom apartments and four-bedroom penthouses. Given its location on William Nicol Drive, between Sandton Drive and Republic Road, it’s no wonder there is such a buzz around it. It will be a mixed-use precinct, offering a secure city lifestyle with all the benefits of suburban life. Upon completion, the precinct will provide about 80 000 m2 office space, 400 residential units and a variety of lifestyle and smaller retail offerings. What’s more, it is one of eight pilot projects that have committed to certification using the Green Star tool of the Green Building Council South Africa. crafthomes.co.za, sandtongate.co.za

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HOT PROPERTY

06 THE GRASS IS GREENER Close to the city but on the wilder side of life, a verdant golf course estate lets you live the good life. Just 20 minutes’ drive from the city but feeling like a different world, Atlantic Beach Estate’s wide open spaces, running tracks and wildlife provide a setting for a lifestyle less hurried. This graceful home is set at the top of the estate, welcoming guests with refreshing street appeal. The main living area features a luxury kitchen – complete with built-in ovens and gas hob, prep bowl, central island and a separate utility room – overlooking the dining area, which boasts a Castelli Construction signature wine display. Stack-away doors take you to the north-facing solar-heated salt-water pool and covered braai entertainment patio. An open-plan lounge is just a few steps down, separated into two sitting areas overlooking the garden and fairway. Borehole irrigation keeps the garden and pool pristine, a closed-combustion fireplace warms chilly winter days, and summer’s cooler with air-conditioning throughout. Upstairs, you’ll find the glamorous master bedroom and en-suite, with stunning views from its private balcony, as well as two other large en-suite bedrooms. Downstairs, there’s a study and a fourth bedroom – ideal for guests. To find out more, contact resident agent for 10 years and Atlantic Beach Estate property professional Hayley Bird. hayley@completecoast.com

07 SENSE AND THE CITY Luxury resort chain Six Senses has always been about rural experiences combined with luxury hospitality. For the first time in the chain’s history it has ventured into the city with two adjacent hotels in downtown Singapore. Six Senses Duxton and Six Senses Maxwell will celebrate Singapore culture and history while adding a touch of playfulness to the heritage properties. Six Senses Duxton, which opened in April, was designed by Anoushka Hempel of London hotels Hempel and Blake’s. The 49 guest rooms and suites each has its own identity, and the use of gold throughout sets an eccentric yet elegant tone. Six Senses Maxwell, set to open next month, will feature 120 guest rooms and the brand’s Six Senses Spa. sixsenses.com

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MOUILLE POINT, Cape Town

asking R88 m APARTMENT. This ultra-modern duplex penthouse is located along the Mouille Point promenade boasting 270 degree views across the Atlantic Seaboard around to Lions Head and a mere 5 minute drive from the V& A waterfront. The fully automated 3 bedroom en-suite Penthouse is equipped with the latest in home technology providing a sophisticated lock up and go living experience. A top floor pool, wine cellar, pizza oven, outside showers, marble and brass finishes and a car lift with 4 parking bays provide a truly opulent lifestyle luxury apartment.

To view call Devon Tame: 083 576 1961 or Colleen Tame:

Web Ref: 13599394

BRYANSTON, Johannesburg

asking R18.2 m HOUSE. Set on a manicured acre within a sought-after security enclosure in Bryanston East, this immaculate, newly constructed family home offers quality accommodation, style and a separate 2 bedroom cottage or wfh. Main residence offers a welcoming entrance leading to open plan receptions with French oak flooring. Ceasarstone gourmet eat in kitchen with integrated appliances opens to breakfast room/TV lounge. Sep formal lounge, cinema & fitted gentlemanâ&#x20AC;&#x2122;s study. 5 spacious bedroom suites (all secured upstairs) and pyjama lounge. 5.5 magnificent bathrooms. Entertainerâ&#x20AC;&#x2122;s covered patio, fire pit & braai area. Feature pool, magnificent garden with est trees. Garaging for 4. Sufficient guest parking and lux staffing. Cottage: kitchen, lounge, garaging, 2 bedrooms, 2 bathrooms.

Web Ref: 13605927

To view call Sole Agents Colin: 076 536 1529 or Regan: 082 320 6464 / 011 463 0155.

PEZULA GOLF ESTATE, Knysna

asking R10.95 m HOUSE. Seemingly emerging from the stony cliffs, this architectural beauty combining stonework and plaster has uninterrupted 180 degree Indian Ocean views. With stacking doors the interior and exterior blend seamlessly over the rim flow pool, the great room spills off into a separate dining area, breakfast room, kitchen and lounge. The floor plan features a split bedroom design with two bedrooms catered for on each side of the house and two on the other. There are twin master suites both grandiose in size and both featuring ample closet space and dressing areas. Beneath the home is a wine tasting room and cellar with a window that looks out beneath the pool level creating a calming underwater atmosphere. A mezzanine level is featured and provides excellent space for working from home or an additional reception area. The property is fenced and gated and the clever positioning of the home on its stand means private, uninterrupted breaker views on the private beach below. The property has ample parking and garaging for four cars.

Web Ref: 13603802

082 338 0747 / 044 050 3295.

W W W . H A M I L T O N S . C O . Z A

PROPERTY INVESTMENT

WHERE THE

JET SET LIKES TO LAND What do the strategic buying habits of the super-rich mean for the local residential property market?

TEXT Lauren Groenewald PHOTOGRAPHS Unsplash Photo Community, John O’Nolan , Andreas Kind, Bjorn Grochla, Artem Sapegin, Rita Gomes Oliveira, John Jason, Vesela Vaclavikovah, Shalom Mwenesi, Dan Grinwis, Marcelo Novais, Joshua Earle, Jason Briscoe, supplied

wning a villa in the countryside, a second home at the coast or even your own island may still be the ultimate symbol of success – but with rapid urbanisation and the demand for inner-city living, property investment hot spots are shifting. The super-rich are directing their funds into upgraded industrial zones, revamped historical quarters and even former red-light districts. The Knight Frank Wealth Report 2018 highlights some of the most sought-after city locations that have the right address, facilities and vibe to draw rich investors globally. From Potsdamer Straße in Berlin and Les Grands Boulevards in Paris to Karen, a suburb of Nairobi, city centres that have seen a transformation through urban re uvenation, infrastructural and tech upgrades and that present a d namic lifest le offering are topping the charts.

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GLOBAL HIGHLIGHTS: CITIES ATTRACTING THE SUPER-RICH

Residential property in Australian east coast cities such as Sydney, Melbourne, Brisbane, Noosa and Cairns is becoming increasingly popular for global billionaire property investors, says Andrew Amoils, head of research at New World Wealth. Hotel residences are also on trend, especially in big European and Asian cities. Residential estates remain popular, especially in the UAE, Portugal, Spain, Mexico, New Zealand, Mauritius and the UK. BERLIN The German capital had the fastest-rising property market in the world last year. House prices rocketed by 20.5% from 2016 to 2017, according to the Knight Frank Global Residential City Index. Berlin was recently voted as the best city in the world for millennials, beating 110 other cities. The irony is that if the property prices continue to soar, this hip and happening environment will no longer be affordable to its oung entrepreneurial population, which is a signi cant part of its attraction, even when it comes to rentals. Upmarket areas in Berlin that have seen a turnaround include Potsdamer Straße, Kurfürstenstraße and Gleisdreieck. The area south of Potsdamer Platz – now home to trendy bars and galleries – was once the red-light district and housed a number of Berlin’s newspaper and publishing houses. Berlin’s stable economy, strong population growth and record levels of employment continue to draw interest from international investors who see the potential in this ever-growing creative environment. LISBON Another destination commanding attention is Portugal. uent outh fricans, particularl , are not onl setting their sights on a home but also seeing an opportunity to gain EU citizenship. “For the bulk of South African residential property buyers in these countries, their primary aim is to acquire European Union residency for their families – mainly with a view to enabling their adult children to gain access to study and work abroad, and to travel freely in Europe,” says Chris Immelman, MD of Pam Golding International. According to the most recent Expat Insider survey, “Portugal offers the best ualit of life on the globe, with beautiful surrounds, friendly people, good food, as well as excellent health care and world-class universities, making the transition to life there even easier.” It’s no surprise, then, that the property market is booming, with demand signi cantl outweighing suppl Undergoing massive regeneration, Lisbon was recently named the World’s Leading City Break Destination in the 24th edition of the World Travel Awards. It’s a prime global hot spot, and a magnet for buyers as a hard-currency investment with solid returns and good long-term capital-appreciation prospects, as well as the opportunity for freedom of travel in the European Union. NAIROBI Kenya’s capital city continues to draw foreign investment. One wealthy suburb is Karen (named after Karen Blixen, the Danish writer of Out of Africa), which lies just west of the CBD. Since the early 2000s it’s grown rapidly, with many of the original 2- and 4-hectare plots developed into modern housing clusters with shared amenities such as clubhouses, gyms and swimming pools, says Ben Woodhams of Knight Frank, Kenya. Kunaal Samani, MD of Pam Golding Properties in Kenya, says high-income earners in Nairobi prefer to live in gated communities for the bene ts of securit , controlled access and privac en a offers high-end residential apartments that present a great investment opportunity. Currently in development is The Pinnacle, a lucrative mixed-use development in Upper Hill.

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PROPERTY INVESTMENT

Nairobi at night. Kenya ranks as a top business investment destination in Africa. A warm climate, good infrastructure, highend shopping malls and quality internet access has resulted in the property market expanding. OPPOSITE, CLOCKWISE FROM TOP LEFT Upper West Tower in Berlin, formerly known as Atlas Tower. | OberbaumbrĂźcke, a Berlin landmark, is a double-deck bridge across the River Spree. | Berlin has an impressive mix of contemporary architecture alongside historical buildings, many of which have had a facelift in recent years. | Some striking modern architecture in Portugal is elegantly merging old and new and drawing a new generation of investors. | Historical Lisbon buildings with sea views. | Early-morning surfing at Carcavelos beach, Lisbon. The city offers a good selection of long, powerful waves. PREVIOUS PAGE Mauritius continues to grow as a property destination for wealthy foreign investors, especially when it comes to estate and resort living. An idyllic climate, good business incentives and solid IT infrastructure are part of the appeal.

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PROPERTY INVESTMENT

Cape Town’s V&A Waterfront precinct at night: The Cape Wheel offers 360-degree views of the city, Table Mountain and Table Bay. OPPOSITE, FROM THE TOP A view across part of the Cape Town City Bowl, home to some of the country’s most valuable real estate. | A fully furnished one-bedroom penthouse in the Cape Town CBD, priced at R5 million. | The city lights come on as the sun sets over Cape Town.

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CITY LIVING REDESIGNED – AT A PRICE CAPE TOWN The Cape Town CBD has become a global business destination and features high on the list for its investment potential. Tech innovation and a focused inner-city turnaround has transformed what used to be mainly high-rise o ces into one of the most wanted residential addresses It is a smart city with access to some of the world’s most beautiful beaches, top restaurants and notable art galleries. Events like First Thursdays make the city a 24/7 lifestyle zone. Richard Hardie of Knight Frank says wealthy investors help to drive demand for property across global markets, and Cape Town’s rise can be attributed to the value international buyers can get for their money. But where does that leave local investors? Property research and market analyst Sandra Gordon says growth in income has not kept pace with growth in housing prices his is a worldwide trend, in part re ecting the globalisation of housing markets – with the global rich purchasing homes in prime cities around the world. This means propert prices end up re ecting global norms rather than local economic conditions. Local buyers are, however, increasingly investing in micro-living units as the scarcity of property and Cape Town’s geographical expansion limitations have driven prices to an all-time high. “Brand-new developments with no transfer duty are very popular for the local market, as this presents a huge saving for buyers,” says Richard. ff-plan developments do present good investment options, says Carola Koblitz, manager of communications at the CCID, but it’s wise to do some research and beware the hype. The reality is that the escalation of property prices year-on-year should be levelling out. The escalation from 2015 to 2016 was 15.06%, and from 2017 to 2018 was 21%. “The hype needs to stop,” Carola says, “otherwise we’ll be heading for a bubble, with a downtown full of high-priced, unsaleable new units on the market, with no residents living in them and high rentals attached to high bonds, unaffordable to the ma orit of downtowners who dream of living close to where they work.” Are there alternatives? “Yes, there are, but the onus is on developers to come up with concepts that promise people a place to live rather than a speculator promise of a fast buc e ma need to see some form of o cial legislation before this becomes a reality, and I believe it will come.”

PROPERTY PRICES END UP REFLECTING

global norms RATHER THAN LOCAL ECONOMIC CONDITIONS Sandra Gordon, property research and market analyst.

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PROPERTY INVESTMENT

LOCAL MARKET ON TREND Local demands echo global trends, with apartment living and residential and retirement estates being the most sought-after property investment options. “Sectional title apartments in well-located areas remain the most popular among buy-tolet investors,” says Claudius Combrinck, executive director of Uvest Property Sales. u ing off-plan provides investors the bene t of securing the price on sale but having to only take transfer in 12 to 18 months’ time. In most instances, the property will have escalated in value by the time occupation takes place. Naturally there are other bene ts such as the certain maintenance costs being covered b the bod corporate, ma ing it more cost-effective to manage than a freestanding house. n auteng, there are a number of upmar et lifest le offerings Steyn City is an estate that appeals to both young professionals and established family buyers. In Cape Town, Sitari Country Estate caters for buyers looking to pay from R1 250 000 up to R8 million. Stefan Botha, director of Rainmaker Marketing, agrees that estate living is still growing exponentially. “We have seen strong investment nodes in KwaZulu-Natal, the Western Cape and Gauteng. Gauteng has historically been driven by the Sandton mar et, but interest in the idrand area has grown signi cantl with the development of estates such as Waterfall Estate. “In Cape Town, the Atlantic Seaboard has been driving massive investment appetite, and another attracting the wealthy is the Foreshore. Some KZN areas are among the most sought-after in the countr , speci call the stretch between mhlanga and Ballito. Areas that have recently started to attract investment include Sibaya Coastal Precinct and Umhlanga Ridgeside – both of which provide signi cant capital appreciation

CLOCKWISE FROM LEFT Luxury living: An extra-long staircase at Zimbali Coastal Resort, situated in the tranquil surrounds of forest, sea, golf clubs and hotels. | Premium apartments at Sitari Country Estate, which offers a mix of luxury and country living. | Houses at Steyn City Parklands Residence – on the urban edge of Sandton – are set among green belts and landscaped parks with indigenous trees and pathways. | A resale property in the Waterfall development midway between Johannesburg and Pretoria, a growing residential and commercial node in Gauteng.

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2018/05/21 10:09

CO-OWNERSHIP OF PROPERTY: WHAT ARE THE RISKS? Buying property with someone else often makes financial sense. Examples of co-ownership include partners buying their first home together or friends sharing ownership of a holiday house. Co-owners of a property do not hold separate title to a physically delineated part of the property; each co-owner holds an undivided share in the whole property. This means that all co-owners have to act jointly in decision-making. Co-ownership does not have to be equal and it is possible to agree that one owner will have a 60% undivided share and the other 40%, and they can agree that this is the proportion in which they are, vis-à-vis each other, liable for the purchase price and rates and taxes. However, when it comes to third parties, the position is more complex. For example, a bank that grants the home

loan will generally always insist that both owners agree to be ‘jointly and severally’ liable for repayment of the loan. This means that the bank is entitled to recover the debt from both owners in proportion to their shares, or if necessary, to recover the whole amount from any one of them. If one co-owner should fall on hard times or stop paying for any other reason, the other will be required to make up the difference. The paying owner will have a claim against the other owner for repayment of that owner’s share of the loan obligation, after the bank has been paid, In practice, disputes often arise when one owner wants to sell, or regarding maintenance of the property and incurring expenses. In Swart v Taljaard, for example, one co-owner insisted on using grazing land to cultivate a garden. In Botha v Kinnear one co-owner felled

trees indiscriminately and in Scheepers and Nolte v Pate one co-owner used building material for his personal use that was purchase to develop the property. The practical difficulties that flow from the rights and duties of co-ownership are captured by the Roman law maxim communio est mater rixarum or (coownership is the mother of disputes). Before buying a property, purchasers should seek advice on co-ownership agreements, how property debts will be handled, tax aspects and the best structure to use for the purchase. Ask a property professional at STBB to assist before putting pen to paper.

MASTERING THE INTRICACIES OF HOME OWNERSHIP

MORE THAN JUST THE PAPER WORK

AFRICANS

INVESTING IN SOUTH AFRICA

Investors from elsewhere on the continent are showing a keen interest in South African residential property developments

ARCHITECTURAL RENDERING Supplied

he number of foreign buyers of residential property in South Africa remains relatively low, at somewhere in the region of 3% nationally, but investors from other African countries and returning expats are showing an interest in South African real estate, for a variety of reasons. Homebuyers include citizens of Zimbabwe, Zambia, Namibia, Nigeria, Botswana, Kenya, Mozambique, Angola, the DRC, Ghana and Gabon. The price range most in demand is from about R800 000 to R5 million, with some enquiries and transactions for properties costing R10 million and more. Many are company executives and entrepreneurs either travelling regularly to South Africa on business or establishing bases from which to expand their operations, not only in South Africa but also in other African countries. As they may spend considerable time in the country, it makes economic sense to buy a home here, a trend particularly evident in Gauteng in areas such as Fourways, Sandton, Sandhurst, Hyde Park and Houghton, says Dr Andrew Golding, chief executive of the Pam Golding Property Group. “Others with children attending schools and universities here look to buy a home where they can reside when visiting during vacation periods, or a well-positioned apartment as student accommodation for their adult children, doubling as a sound investment. Some investors look to own a holiday home in a highly desirable location such as Cape Town’s Atlantic Seaboard, Southern Suburbs or Blouberg area; the Boland and Overberg

regions, in towns such as Stellenbosch, Somerset West, Hermanus, Kleinmond or Onrus; or the scenic Garden Route, for use by their immediate family members for short or extended time frames.” Important considerations for these buyers are location, convenience and sound long-term investment performance, so they tend to look for new, secure residential developments and gated lifestyle estates in Johannesburg and Pretoria – notably Dainfern Estate in Fourways and nearby Blair Atholl, or suburbs like Illovo, Inanda and Kelvin, which are close to the Sandton business hub and OR Tambo International Airport. In Fourways, a soon-to-be launched new development, Dainfern Square Luxury Apartments, have high appeal for local buyers as well as buyers from the rest of the continent. Priced from R1.75 million to R3.85 million, the two-bedroom apartments offer secure, hassle-free living, ideal for investment, permanent residence or partial use when in South Africa. Other buyers, particularly those from Zimbabwe, not only look to buy residential property in Gauteng and the Western Cape but also seek coastal holiday and retirement homes in KwaZulu-Natal, with its temperate climate, or lock-up-and-go homes in areas where their children attend a private school or university, such as Grahamstown in the Eastern Cape. In KwaZulu-Natal, new developments such as Signature Sibaya on the North Coast have piqued the interest of buyers from Nigeria. They travel in Africa and want a base here – a holiday home that doubles as a place for business meetings.

ABOVE Signature Sibaya is a new prime residential development near Umdloti on the KwaZulu-Natal North Coast, in the 1 000-hectare Sibaya Coastal Precinct. The architectural look is understated contemporary elegance. Glass, steel and timber create an organic feel, with sea views being the overriding feature and appeal of the estate.

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JUNE 2018

– Coming soon in REAL ESTATE life –

JULY 2018 ISSUE S A’ S L E A D I N G L I F E S T Y L E A N D P R O P E R T Y M AG A Z I N E

IN THIS WARMING WINTER ISSUE WE TAKE YOU INSIDE THE DELIGHTFUL JOBURG HOME OF A JEWELLERY DESIGN COUPLE AND SHOW YOU THE TRANSFORMATIVE EFFECT WALLPAPER CAN HAVE IN ANY ROOM

PHOTOGRAPHS Greg Cox/Bureaux, supplied

For more information and to book, send an email to sales and marketing manager MICHÈLE JONES at michele.jones@thecreativegroup.info

Final Real Estate Advert - 24 May 2018.pdf

2018/05/25

11:52:07 AM

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THE ART IS INTERVIEW Debbie Loots PHOTOGRAPH Supplied INTERVIEW Debbie Loots PHOTOGRAPH Supplied

Origins mean everything to visual artist and musician Ndabuko Ntuli, Origins mean everything to XXX, who channels his own experiences who channels his own experiences into work that helps others discover into work that helps others discover who they are who they are WHERE ARE YOU FROM? I was born in Nkandla, KwaZulu-Natal, and that’s where I spent my childhood. I moved from KZN to Alexandra 20 years ago in search of greener pastures and to pursue my dream, like every man did when I was young, “going to Johannesburg to get a better life”. WHAT DID YOU WANT TO BE WHEN YOU WERE GROWING UP? I knew at a tender age that I wanted to be an artist because of the inspiration I got from my late grandfather, who was a sculptor and painter. WHO ELSE HAS INFLUENCED YOUR WORK? Mbongeni Buthelezi is one of my favourite artists because of the way he manages to turn something that’s waste into something breathtaking and genius. I’ve learnt a lot from him and his work. A true artist. HOW WOULD YOU DESCRIBE YOUR SOUND? My music is very dense, cultural and spiritual, because it’s a reflection of the work I do as an artist, from beginning to end, as well as the tribulations I’ve overcome and my experiences in life. WHAT DOES THE WORD “HOME” MEAN TO YOU? For me, home is the root of everything. It is crucial to understand and respect where you come from, because it motivates you and makes you who you are. WHAT KEEPS YOU INSPIRED? Firstly, it’s my family. Also, sustaining our culture and building a legacy from that – changing the way people describe the term “art”, opening platforms for people who are like me, who can relate to me and my journey. And lastly, motivating the youth for the better. Ndabuko had a solo exhibition, Umlayezo Kamkhulu Wami, at The Melrose Gallery, Melrose Arch, in May. Follow him on social media @ndabuko_ntuli to find out more.

JUNE 2018

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16Des mondRd, Kr amer vi l l e.Tel :0114445744

Conquest V.H.P.

Longines_HQ • Visual: RG10_CO23 • Magazine: Real_Estate June (ZA) • Issue: 21/05/2018 • Doc size: 280 x 335 mm Calitho #: 05-18-129470 • AOS #: LON_16843 • OP 22/05/2018