JHI Residential - awarded contract

Specialising in providing residential management service, a new company, JHI Residential, has been launched.  JHI Residential is a sister company to JHI Properties, and both are members of the Excellerate Property Services Group.

JHI Properties currently manages an extensive portfolio of commercial property to a total value of approximately R50 billion – which includes office, retail, industrial and mixed-use property, while JHI Residential will focus on management of residential property.

Comments Thea Bezuidenhout, director of JHI Residential: “This is a natural progression for as collectively we already have extensive experience not only in managing commercial property, but in managing various mixed-use properties which include a residential component.

“We have already been awarded the management contract to manage 10 properties for International Housing Solutions, an established company which develops community-central housing projects. These 10 buildings comprise some 1800 units – mainly providing student accommodation, and including some retail and other flats/lofts. While the buildings are all situated in the Johannesburg inner city - in the Braamfontein area, we plan to roll out our services nationwide as we grow the business. We are already exploring further opportunities in Pretoria, Durban and elsewhere in Africa – including Namibia.”

Bezuidenhout says the services provided to International Housing Solutions include not only residential property management but also the leasing and letting of accommodation – the latter being outsourced to Mafadi Property Management, which focuses on the inner city .

“In regard to the student accommodation we are also handling maintenance of the facilities, arranging security and transport of students to and from nearby Wits University, collection of rentals, managing the trust account and keeping of management accounts on behalf of the landlord. The buildings are well positioned within easy reach of the University of Johannesburg and various colleges situated in Braamfontein,” she says. The student accommodation units are furnished.

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