Real Estate Investor Dec/Jan 2022 December/January 2022 | Page 5

Experienced . Trusted . Proven . " If it ’ s worthwhile doing , it ’ s worth doing well ." This is the quote that Pieter Feenstra often repeats to his young and dynamic team at the Feenstra Group in South Africa . Another , more tongue-in-cheek one is : “ Be careful when euphoria is everywhere – even turkeys can fly in a hurricane .”
Feenstra ’ s career commenced as a consulting structural engineer . He was also the founder of TFMC , which is nationwide and has regional offices in all provinces . He formed the Feenstra Group which focuses on Commercial , Student accommodation , Inner city and Residential real Estate development .
As the Group ’ s Chairman and Founder , Pieter Feenstra has over 30 years of experience in property development and management . His first property development project evolved out of his consulting work as a structural engineer , during which time he worked closely with several property developers and developed a fascination for the industry . Feenstra explains that this led him to eventually take the plunge and sell his consulting firm to focus exclusively on property .
The Feenstra Group of companies are niche Commercial Developers & Investors and specialise in Strategic Facilities Management and Student and Innercity Accommodation . The professionals allied with the Feenstra Group have
FEENSTRA GROUP
proven knowledge of , and demonstrable experience in all facets of the property market . The Feenstra Group has won several International and South African awards . Including the African Property Award and SAPOA Excellence Award .
Feenstra ’ s formula for success is to develop the right product , for the right market , in the right place and at the right time . “ In my opinion , a great investment is created by developing a solution that will fulfill both current and future market needs on a sustainable basis ,” says Feenstra . “ You then need to create a quality and sustainable income stream from this development – and have a few attractive , alternative exit options on place at the same time ,” he explains .
Student Accommodation The Feenstra Group is one of the pioneers and market leaders in South Africa . Their team has extensive experience in the design , development and management of student accommodation . Their portfolio is one of the largest in South Africa and consists of purpose-built student accommodation in various cities .
Internationally , they have also successfully developed a portfolio of purpose-built student accommodation in Australia . They pride themselves on their expertise in the management of student accommodation , as well as the life management of students in their buildings . The Feenstra Group portfolio
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