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 21