Real Estate Investor Magazine South Africa Real Estate Investor Magazine - April 2017 | Page 12

MASTER INVESTOR
INSIGHTS GAINED
& LESSONS LEARNED
“It’s just very clear that you have to produce a
value proposition that works for that student; it’s
your product, the price at which you put it on the
market and your position that will determine whether
a student moves from where he is now to your
development,” says Feenstra.
• Manage risk well
• Don’t be over confident in a project – seek blind spots
• Follow your intuition
• Have only the best people in your team
• Rely on the market – not only the spreadsheet
Feenstra’s formula for success
Developing the right product, for the right market, in
the right place and at the right time is what, according
to Feenstra, creates a great property investment
“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 in
place at the same time,” he adds.
The future of the Feenstra Group
The Feenstra Group’s current focus, according
to Feenstra, is to “continue identifying the best
opportunities and market demands to solve, to develop
sustainable and value-creating property developments
as a solution”.
Within the current economic and political context
in South Africa, Feenstra acknowledges that general
opportunities are very limited and that property
developers need to look at pockets of opportunity to
invest in. He identifies urbanization and education as
key drivers for the future.
KEY STATS:
Age: 62
Current position: Chairman of the Feenstra Group
Family: Married to Marcelle, with a son (Shaun) and a
daughter (Nadine)
Life mottos: 1.) God makes the impossible, possible 2.)
Live in an attitude of gratitude
RESOURCES
Feenstra Group
Dont’t miss interview with PIETER FEENSTRA on REIMTV
Visit REIM TV for more in depth real estate investment insights
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APRIL 2017 SA Real Estate Investor
www.reimag.co.za