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News, announcements and articles from Profica

Beukes van Heerden, Head of Capital Projects for SADC at award-winning property and construction solutions company, Profica, considers refurbishments and new developments in South Africa’s challenging office market.

It has been predicted this year that among South Africa’s three major commercial segments, office space will be the biggest loser.  With a stubbornly high vacancy rate that sees Johannesburg at its highest peak since 2010 at nearly 13%, this is unsurprising given that offices are largely driven by economic growth.  Despite these high vacancies, new development activity continues in certain nodes in Johannesburg, with reports anticipating that around 106,420m² of space will come onto the market in high-end nodes during this year and into next.  Added to this is a flurry of refurbishments and renovations.  Between the often-conflicting needs of property developers and owners, what does the market need? 

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Profica team at Zimmer Biomet Warehouse & Office building in Waterfall Distribution Campus, Midrand. 

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Under Profica’s project management, the finishing touches are currently being made to the turnkey fit out of the headquarters for a global financial services and transaction processing company in Dubai, United Arab Emirates.  The development signals Profica’s growing presence and capability in the Middle East region.

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A flurry of development for financial services companies in Africa has Profica’s teams in East and West Africa flexing their in-country development and project management skills to ensure sterling results for their clients.

Profica has been awarded the prestigious Diamond Arrow Award for the 6th time, leading the Project Management category. In the fourteen years since the company’s inception in 2005, Profica has grown to be a leading construction and property solutions company in Africa, delivering complex projects and maintaining a strong reputation for global expertise, local knowledge and service excellence. Profica has remained consistently at the top of the Construction Project Management profession over the years.

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