Profica News

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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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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.

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Kenneth Oigo, Associate Director:  Head of East Africa at Profica, which has extensive knowledge and experience on the continent with representation in 10 African countries as well as in the UAE, highlights key areas where robust cost management can extract value as well as looking at how the adoption of innovative technical considerations can deliver construction efficiencies.

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Meet Philippe Davis

Cameroon’s Profica lead.

He tells us more about the work going on the in region and how Profica is growing it’s brand through projects on the ground.

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Profica’s already-strong team in East Africa has just been given a further boost by the appointment of Kenneth Oigo as Associate Director of Profica East Africa.

Kenneth brings to the team a talent for handling diverse urban projects. This includes a specialisation in retail developments as well as strong expertise within the hotel sector and refurbishment.

Prior to joining the Profica team, Kenneth gained 13 years experience in property project management in senior positions with a focus on retail and hotel projects. Prior to this Kenneth was the senior project manager at Rendeavour Ltd Kenya, which is Africa’s largest urban land developer.

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