select
|

Fund brings additional student apartments to Johannesburg

International Housing Solutions (IHS), a global private equity investor in affordable housing in South Africa, is funding the refurbishment of hundreds of apartments near the University of Johannesburg and Wits University, major public transport routes and shopping centres.

Previously co-owned by IHS and Aengus Property Holdings, IHS, with its sterling asset management reputation, now holds 100% ownership of the Student Digz property portfolio following the recent approval by the Competition Commission of the sizeable transaction.

“Student Digz differs from other student developments in that it is not based on the dormitory-style model. All apartments are self-contained, which means that students have their own bathrooms, kitchens and living spaces, and most importantly, privacy and quiet to ensure successful studies,” says Rob Wesselo, managing partner at IHS.

IHS has been steadily building up a portfolio of new-generation student housing solutions in the country’s major urban centres. Contrary to the popular view that student housing is an unpleasant mix between boarding school and down-market apartments, IHS has brought a new vision to the market.

“Since we have taken over complete control of the management of the development, we have launched a massive project to ensure all maintenance was completed and apartments refurbished where necessary. Lots of time, money and human resources have been poured into ensuring students have great living and studying space for the 2012 intake,” says Wesselo.

“The result is modern, clean and inviting apartments where students won’t only live, but be able to enjoy a satisfying lifestyle.”

Wesselo says that as the year draws to a close, students who will be studying in Joburg in 2012 should ensure they have accommodation lined before they put up their feet and enjoy the December holidays.

“There is a significant shortage in quality, affordable student rental accommodation in Joburg, and leaving these arrangements for the New Year may result in students being forced to stay far away from their tertiary institutions or having to settle for sub-standard accommodation,” says Wesselo.

He says there are close to 1 900 accommodation opportunities available, with rentals starting at R1 800.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK