Engel & Völkers join forces with a global private equity investor

Engel & Völkers Southern Africa and International Housing Solutions sign the first Engel & Völkers Developer Driven Projects License in the SADC region.

 

The partnership brings together the best marketing, control systems, and depth of development knowledge, ensuring the delivery of quality housing stock country wide.

 

“Combining the complementary strengths of both companies has resulted in a unique delivery approach, guaranteeing that well priced, quality housing is being delivered in the most efficient and cost effective way possible” shares Craig Hutchison, CEO of Engel & Völkers Southern Africa.

 

There exists attractive opportunities for both buy-to-let investors where rental track records are in place as well as first time home buyers eager to get into well located suburbs where well priced quality housing has been in short supply. “We are excited to bring to market such affordably priced housing units – all located in popular suburbs. The competitive pricing level ensures the beneficiaries of these units will be the middle income bracket, which as we know, is where massive demand exists and will continue to be our clientele as they climb the property ladder” Craig continued.

 

For more than ten years International Housing Solutions have been involved in the delivery of over 33 000 quality residential rental units. It’s these housing units which form part of the pipeline to be released into the market over the coming years.

 

The first phase of the roll-out, beginning July, will see the release of 900 housing units into the market with selling prices starting below R600 000. Over the next three years some 9,000 housing units will be released with a combined value just under R4 billion.

 

Grant Harris, Director of IHS Property Management explained that the value each company brings to this partnership cannot be understated. The synergies will ensure the success of this endeavour and we are proud to offer our well designed, energy efficient product into the market. In many cases these units form part of already functioning, vibrant communities that have been managed by us over a number of years. We look forward to Engel & Völkers’ approach to service as well as their ongoing care of customer needs”.

 

For more information on the upcoming developments, contact Engel & Völkers Southern Africa.

About International Housing Solutions: IHS is a real estate investment manager, focusing on the development and management of residential projects for the fast growing middle income market. They partner with financial institutions, real estate developers, private capital groups and government authorities to provide equity finance for various residential projects, delivering energy efficient, affordable residential developments. IHS works with developer partners who have the reputation, organizational structure, track record and financial capacity to execute the proposed transactions and property developments.

About Engel & Völkers: Engel & Völkers is one of the world’s leading service companies specialised in the sale and rental of premium residential property, commercial real estate, yachts and aircrafts. Based in over 800 locations in total, Engel & Völkers offers both private and institutional clients a professionally tailored range of services. Leasing, sales, consultancy and valuations form the core competences of the staff of more than 10,000 employees. The company is currently operating in over 34 countries on 4 continents. Intensive training schemes in its in-house real estate Academy and the high level of quality assurance governing its systematically structured service provision are key factors that account for the company’s success. www.engelvoelkers.com/south-africa

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