PL35 – Postscript – 2nd December 2003.

Dear All,

Just a quick one….

A Shop in the Rue d’Antibes

Friends of ours have been running a very up-market interiors and design shop right on the Rue d’Antibes for two years and done very well (exclusively South African merchandise). However they have had enough of the demanding hours and the commitment at a time in their lives when they are looking for some peace and quiet. So they are selling.

PL35 – 1st December 2003.

Dear All,

I am back in Cape Town after a rather more rushed trip to Cannes than usual.
I have seen some wonderfully interesting properties. Details and descriptions of them are below.

What I did do was manage to finalise all the fine details and contracts for the purchase by Vicky and I of one third of a really excellent and busy family-owned agency in Cannes, effective 1st January. We have dealt closely with them for a year and a half, trust them entirely and appreciate their work habits and ethics. Lao is already working out of their (soon to be our) office and we are seeing an increase in our volume of business. The family we have joined are French and well connected in the region, and the Agency is very smart with an impressive ‘shop front’, and is in a good position to pick up passing trade, and markedly increases our visibility and impact in the industry. I have absolutely no doubt that this move will result in an increase in our rental returns for all of our investors, and that is our primary aim.