select
|

Arrowhead Property Fund acquisitions boost JHI Properties’ managed portfolio

Managing a portfolio of assets on behalf of property funds and investors which currently stands at a total value of R52 billion and represents approximately 2 000 properties, JHI Properties was recently awarded the management contract for additional properties recently acquired by the Arrowhead Property Fund.

Comments Louis Boshoff, who is director, property management for JHI Properties nationally in South Africa as well as in Namibia and Lesotho: “Following Arrowhead Property Fund’s recent acquisition of some 75 632 square metres of quality property investments into their portfolio, JHI Properties now manages a total of 112 buildings nationally on behalf of this fund, of which 63 are managed by our Gauteng region.”

Arrowhead’s newly acquired properties include office, retail industrial and mixed-use developments in Gauteng, the Eastern Cape, North West Province and Western Cape. Says Boshoff: “The fund’s portfolio has grown significantly to the extent that Arrowhead now has an even greater presence in all three sectors, namely commercial (offices), industrial and retail. The retail centres are strong and well-established in the marketplace, and a number of the newly acquired properties have undergone a recent revamp and upgrade.

“The bulk of the Arrowhead buildings are managed from JHI’s Gauteng office. Managed properties located in the adjacent provinces of Limpopo and Mpumalanga are directly served by our offices in Nelspruit and Polokwane, and together with North West Province, these also fall under the overall responsibility of our Gauteng region.”

Boshoff says growth and unlocking additional value from these acquisitions will be the primary aim of both Arrowhead and JHI. “These acquisitions are quality and income enhancing to Arrowhead’s existing portfolio. A number of the new buildings fall within niche markets, which in some instances requires a targeted and differentiated approach to effective property management.

“Through intensive and competitive marketing strategies created and implemented by both JHI and Arrowhead and as the buildings are uniquely placed, the letting of space has been achievable despite the prevailing challenging economic trading conditions. Our innovative approach has also assisted us in reducing the small pockets of vacancies.”
He says there are opportunities within the remaining vacant space for SMEs (small and medium enterprises) and national tenants to capitalise on. “These present opportunities to open up markets to which they currently do not have exposure, which will also allow for the growth and expansion of their businesses.

“Encouragingly we are seeing a sound take-up of space in our retail centres, which includes an appetite for retail space among the banks,” says Boshoff.

A management contract with special requirements was recently awarded to JHI Properties by San Sereno Retirement Village, comprising 168 cottages, 48 apartments and 108 beds in the care centre, which is owned by Anson Holdings, a subsidiary of Sanlam Life. Situated in the suburb of Mill Hill in Bryanston, JHI has an experienced on site management team. The units at San Sereno are currently under refurbishment by Excellerate Facilities Management, a sister company of JHI Properties which is also a subsidiary of Excellerate Property Services.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 23 Jan 2018
      Many people only start thinking about home-ownership when they are ready to “settle down” or start a family, which is why first-time buyers these days are generally in their mid-30s, compared to those in the previous generation who were usually in their mid-20s.
    • 22 Jan 2018
      Moving away from the city to a country or coastal town and a slower-paced life is a frequent new-year resolution for South Africans, but thorough research should be done before you break free from the hustle and bustle, because making the wrong move could turn out to be a very expensive mistake, and even more stressful for you and your family than staying in the “big smoke”.
    • 22 Jan 2018
      Cape Town is home to many breathtaking and historic homes, but House Invermark designed in 1969 by South African architect Gilbert Colyn, with inspiration from two modernist icons: the Glass House by Phillip Johnson and Farnsworth House by Ludwig Mies van der Rohe is in a class of its own.
    • 22 Jan 2018
      2017 was a challenging year for the South African property market in general, despite small pockets of thriving activity in areas like the Western Cape. As we head into 2018, Tony Clarke, Managing Director of the Rawson Property Group, casts his eye forward to property trends and market influences that could make their impact felt in the New Year.
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
        
    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