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.

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