Balwin ’ s CEO , Steve Brookes , stated , “ We are excited about this new venture , which complements our build-to-sell model and allows us to expedite the development of our land bank . The rental estates will provide a stable income stream and offer tenants a pathway to home ownership within Balwin ’ s portfolio .”
The rental properties , exclusively for leasing and not available for sale , will range between R6,000 and R13,000 per month . They will maintain EDGE Advanced certification and feature amenities like solar power , high-speed fibre connectivity , and facial recognition access .
The rental model is expected to generate above-market yields and will contribute to Balwin ’ s annuity income and net asset value growth . The rollout will also create around 39,000 direct and indirect jobs , supporting construction skills retention .
Balwin Rentals will leverage technology for efficient management , minimizing operational costs and enhancing revenue performance . The development will be phased to manage risk and funded through long-term debt at favourable rates .
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