Guy de la Porte
Investments in Cape Town

GDP Industrial Property are Specialists in Cape Town Industrial Properties.

All my clients information is handled in the strictest of confidence. My company is GDP Industrial Property and is an abbreviation of my name G uy d e la P orte. This is often the best solution when you are looking for a modern factory, industrial distribution centre or distribution warehouse. The cost savings from an efficient, purpose-built property solution can be enormous. One reason for this is that modern warehouses can be designed to be energy efficient. These services include sectionalising properties, subdividing industrial properties, repositioning and redeveloping properties conducting highest- and best-use studies and due diligence studies. Being part of successful corporate real estate strategy in Europe and the USA, tenant representation has become more main stream for Industrial property tenants in South Africa and in Cape Town in recent years. If you lease premises through a broker representing the landlord, commission is still paid to the broker, and your interests are not represented. The commission, fees or brokerage is shared between the landlord and tenant representative broker, and there is no conflict of interest. Industrial property leasing can be a complicated and risky process if you do not have the in-house skills needed. In South Africa and in Cape Town, with industrial property brokers operating on a landlord’s open mandate, representing both tenant and landlord, there is potential for a conflict of interest when you use one or several brokers to negotiate for you on open listings. When you engage me to represent you exclusively as a tenant, you will receive a far higher level of service than you would from a broker working open listings. An industrial tenant representation broker who is committed and accountable to you only as their client will work hard to find you the right property. This is the best way to prevent any conflict of interest. Searching for space and negotiating industrial property transactions can be time consuming. Industrial property leasing and sales processes can be a drain on company time, money and resources. Industrial property landlords in Cape Town and South Africa, generally market their properties on a non-exclusive broker representation basis. This is where the landlord gives an open mandate on his property to a number of brokers; in fact, to any broker who is interested in working on the property and bringing the landlord prospective tenants. While this works for most listed property funds and institutional landlords here, there is a move toward exclusive representation of the landlord and the tenant, often by different brokerage companies. There are distinct advantages for the landlord in granting a sole or exclusive leasing mandate to GDP Industrial Property, as opposed to the disadvantages of leaving the mandate open to all brokers. With an open mandate, sellers or landlords run the risk that none of the brokers will put their money, time and effort into actively marketing or advertising the property, as there is no commitment to the client. With open mandates, brokers compete, and with no commitment to the client, the price is usually compromised. This is opposed to open mandates, where brokers are less accountable and a lot less effort is put into marketing the property. With a sole mandate, there is no likelihood of commission disputes. With an open mandate, with more than one agency handling the property, the same buyer or tenant deals with more than one agent, and commission disputes often arise. You have the peace of mind, knowing that only one responsible party has access to your property.