Real Estate Investor Magazine South Africa February/March 2019 | Page 13

RHYS ROCKE
world countries. He believes that the introduction of the
new inclusionary and affordable housing policies, while
a seemingly insurmountable challenge for the average
private developer, represents an amazing opportunity for
those few developers ahead of the curve to dominate this
market. “The company drives a big transformation agenda
seen both in our diverse staff complement and in helping
the government solve the ongoing housing crisis in South
Africa by producing affordable housing.”
This 12 000 m² office and retail development
in Bree Street, Cape Town was completed in
2015 and houses FWJK’s Cape Town Offices.
Current & Previous Developments:
Ridge 1
Ridge 2
Ridge 3
Ridge 4
Ridge 5
Ridge 6
Ridge 7
Medstone Medical Centre
Micro Park
FWJK Court Durban
Great North Industrial Park
Sugarstone Business Park
Boulevard Business Park
The Docklands
35 on Main
Coral Point
Illovo Point
Meridian Park
Obs Court
Runway Park
Dube Tech Centre
16 on Bree
Illovo Central
Napier Street
Touchstone House
Draper Street
West Palm
Origin Park
Development in the Pipeline
Northern Lights
Menlyn Link
Rosebank Assembly
The Vogue
Ridge 8
Zero-to-One Tower
16 on Bree
Illovo Central
FWJK – Innovators of Practical Development Solutions
FWJK was founded in 1953 and operated as a quantity
surveying practice in East London.  During the 80’s
and 90’s, expansion took place and offices in Durban,
Queenstown and Umtata were added to the group and
more recently in the last five years, we have established
highly successful offices in Cape Town and Johannesburg.
FWJK conceptionalised the Co-Development at
Cost development methodology at the outset of the
recession in 2008 and from this date on we flourished
as a practice through the pioneering of this innovative
development methodology, which, for the first time
offered investors the opportunity of investing in real
estate on an “at cost” basis.
Our growth since 2008 has been exponential and
has been a logical progression of the development
role we were involved in.  This saw the establishment
of architectural practices within FWJK’s practices
in Johannesburg, Cape Town and Durban as well as
project management practices in all of our national
offices. FWJK now employs 192 graduates nationwide
as well as support staff and is capable of delivering
an outstanding level of professional service due to the
development role that we have played in rolling out
36 developments with a total value over R10,7 billion. 
These development projects have all been banked by
Investec and Nedbank and FWJK enjoys the credit
given to us by these banks in repaying every loan
on our completed developments and perhaps more
importantly, never having to ask for additional project
funding.
FWJK has established a construction management
division and currently we are undertaking projects for
Netcare Hospital Group and our clients on this basis. 
We have also established a facilities management
division to manage FWJK’s property portfolio
which has been established through investing in
each and every Co-Development project that we
have undertaken. We are able to offer development
services to individual property owners or on a
collective group basis for multiple investors.  Our
success can be attributed to the emphasis we place
on design efficiency in our own developments and on
the elimination of wasteful design elements so often
evident in property development.
SA Real Estate Investor Magazine FEBRUARY/MARCH 2019
11