select
|

JHI Residential - awarded management contract

Following its recent launch, JHI Residential has been awarded the management contract for a new 187-unit residential development, Southwark Mews, which is situated in Parklands in Table View, Cape Town.

Just completed and developed by International Housing Solutions - which focuses mainly in the affordable housing market - Southwark Mews comprises two bedroom flats with modern finishes, which are available to rent through JHI Residential from R3 850 per month. The complex includes an on-site building manager, access control for both cars and pedestrians, free parking for residents and visitors, a children’s play area, pre-paid electricity and water meters, coin operated laundry services and a communal DSTV dish.

Specialising in providing a residential management service which includes leasing and letting of accommodation, JHI Residential has staked its claim in the market and already manages a portfolio of other residential properties, which mainly provide student accommodation, on behalf of International Housing Solutions (IHS). A global private equity provider which partners with South African developers to construct affordable housing opportunities throughout the country, IHS has to date - via its SA Workforce Housing Fund - financed projects with a combined total value in excess of R7.8 billion.

Comments Thea Bezuidenhout, director of JHI Residential: “The main focus for JHI Residential is on student accommodation and the affordable sector of the market. Our success in making inroads into this market is through a flexible and consultative approach, which takes into account the specific needs of the students as well as our landlord’s requirements.

Improvements to student accommodation buildings in Braamfontein

“Following a due diligence conducted by IHS on their student accommodation buildings in Braamfontein, in Johannesburg’s inner city, we compiled a priority list in regard to improvements to be undertaken in the buildings we manage on their behalf. Some projects are already under way, such as the upgrade of the electrics, hot water reticulation and access control of the buildings.”

Adds Bezuidenhout: “In ‘The Precinct’ in Hospital Street Braamfontein, which includes four adjacent buildings (Dudley Heights, Argyle Centre, Baker House and Skyways), with a single access providing student accommodation, a fully equipped canteen is being incorporated, with wireless connectivity being installed for social networking purposes.

“The accommodation provided for students is not ‘dormitory-style’, instead each student unit includes a full kitchen and ablution facility. Finishes and fittings are of a high standard and the feedback we’ve had from students regarding the refurbishments carried out so far is extremely positive.” Each unit is also provided with a proper bed and desk with lamp.

Braamfontein is emerging as a growth node which is experiencing revitalisation, and which includes a strong demand for student accommodation from those attending Wits University and Johannesburg University, as well as a host of other educational institutions in the area.



  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 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.
        
    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