Real Estate Investor Magazine South Africa March/April 2019 | Page 23

RESIDENTIAL
BALWIN PROPERTIES 
‘Our ambition has always been to
develop and retain a rental model
that would ensure annuity income
for the company,’ says Balwin Prop-
erties Chief Executive,
Steve Brookes.
The JSE-listed turnkey section-
al-title developer, announced in
February a rental transaction that
SEEFF PROPERTIES
Construction has commenced
at the much anticipated Kerzner
Estate, the most exclusive estate
on the Atlantic Seaboard. Ross
Levin, Director of Seeff Atlantic
Seaboard and City Bowl says this
is a real show of confidence in the
property market here. Three of
the initial eight houses have sold
at record prices of R30.5m to R37
million.
PRIVATE PROPERTY
Private Property has acquired the
Property Buyer Show, South Africa’s
premier property expo, from media
company Spintelligent. The trans-
action is part of a bold new strategy
initiated by Private Property’s
recently appointed CEO, Amasi
Mwela, to expand and enhance the
service it offers its customers.
“The Property Buyer Show will
will see Balwin Rentals retain a
right of first refusal to acquire 4 544
rental apartments to be devel-
oped by Balwin Properties. Balwin
Rentals has already exercised its
right to acquire 96 rental units for
R57 million. These apartments are
based in Boksburg, Linbro Park
(Sandton) and Riverwalk Estate in
Pretoria East.
The 10ha Kerzner Estate, locat-
ed high on Leeukoppie, just
off Victoria Road offers breath
taking vistas with stunning views
towards Chapman’s Peak, the bay,
valley and mountains. There are 48
plots of around 1500sqm each and
a choice of super luxury designer
homes, each uniquely tailored to
the individual site and incorporate
greening and natural building
materials.
allow us to improve the range of
services we offer to our customers
by creating a rounded offering that
covers the whole property life cycle.
It will also position us favourably
for what we believe to be the next
great opportunity in real estate: the
growing numbers of South Africans
who are entering the middle class
and looking to begin building
wealth through property,” Mwela
says.
SA Real Estate Investor Magazine MARCH/APRIL 2019
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