CENTURY 21 appoints new directors

News > news - 07 Mar 2009

CENTURY 21 South Africa, the local arm of the world’s largest real estate group, has announced the appointment of Colleen Gray and Leonard Dann as the new directors of the company.

This follows the untimely death last year of the company’s founder and CEO, Dr Duncan Gray.

Continuity of management was crucial in deciding on the new appointments, says Dann, who brings to the table an impressive background in banking and IT, including senior positions with illustrious international names such as the UBS group and BBC Television and pre-eminent local groups such as ABSA and Barnard Jacobs Mellett.

Property remains an abiding fascination for Dann, however, and he is to remain as broker/ owner of the successful CENTURY 21 ModHomes outlet in Fourways.  

Ideally complementing his technical and managerial skills is Colleen Gray’s background in franchise industry HR, labour strategy and business consulting, and she says the whole management team is committed to the original vision of making CENTURY 21 the leading real estate brand in South Africa.

Dann believes the group is well positioned to achieve that goal, notwithstanding current extremely demanding economic conditions.

“Realistically 2009 will be exceptionally difficult for the property market with tight credit restrictions and the slowdown in economic growth impacting on consumers’ ability to acquire property,” he says. “However, we believe we have the brand, the people and the proven referral, management, training and marketing systems to remain firmly in business - and in a position to capitalise on the market upturn which will inevitably occur.

“We currently have 30 franchises, with 21 offices open and another two opening shortly. Our aim is to double the number of CENTURY 21 franchises by year-end and add a further 20 next year. And recognising that the market is not ideal for ‘start-ups’ we are focusing on existing independents and conversions.

“On that basis our new, more affordable franchise offering is totally relevant and we remain optimistic about a market where aspirations towards home ownership are as powerful as ever.” 


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