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Send  Share  RSS  Twitter  23 Oct 2014

PROPERTY: JHI Doubles Value Of Portfolio

 



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Over the past five years (2007 to 2012), JHI Properties has dramatically increased its portfolio of assets managed on behalf of property funds and investors. This now stands at a total value of approximately R50 billion – more than double the R22 billion managed by JHI Properties in 2007.

Comments Johann Boshoff, director: property management for JHI Properties: “Over the past year JHI has been successful in acquiring the management contracts for a number of ‘new’ portfolios. These include a total of 220 properties, comprising retail, office and industrial properties owned by Arrowhead Properties, Vividend Income Fund, Cape Joint Pension Fund and privately owned property portfolios around South Africa. In addition, we were awarded an additional 40 properties to manage by existing clients Dipula Property Investment Trust, Vukile Property Fund, Vunani Property Fund and Resilient Properties.

We also renewed management contracts with major funds and property owners such as Capital Property Fund, the Resilient/Fortress stable, Vukile Property Fund, Vunani Property Fund, MICC group in Namibia, the Namibian Government Institutions Pension Fund and the Ministry of Finance & Development Planning in Lesotho. These represent a total of 328 retail, office and industrial properties.

The above properties are located in various regions around the country, and our exposure to property management in Mpumalanga and Northern Province has grown to such an extent that we have opened a new office in Nelspruit, with a further new office about to launch in Polokwane,” he says.

Interestingly, it is evident that investors are using the current trading period and conditions to grow their portfolios at attractive yields. There are quite a number of listed companies in the property sector who are actively pursuing investment opportunities in order to increase their market capitalisation.


 
 
 
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