Women’s group to manage Southgate

Posted On Monday, 24 October 2005 02:00 Published by
Rate this item
(0 votes)
EMPOWERMENT property manager Akhona Properties, 100% owned by women, has won a contract to jointly manage Southgate Mall in Johannesburg.

Nick Wilson

Property Correspondent

EMPOWERMENT property manager Akhona Properties, 100% owned by women, has won a contract to jointly manage Southgate Mall in Johannesburg.

Said Akhona CEO Noluthando Gosa last week: “We’ve won a joint- venture contract with Broll to manage Southgate, and we’ve won another contract to manage jointly the Gauteng portfolio of the Public Investment Commissioners.”

Broll, one of SA’s largest property management companies, has strong empowerment credentials. The Mvelaphanda group owns a significant interest in Broll.

Gosa said that Akhona Properties had been in operation since January last year.

“Akhona is a new player on the property management scene, but we’ve secured significant business in the past 18 months,” she said.

Akhona had won a number of property management contracts in partnership with Broll.

“We usually partner established property players, depending on the requirement of the particular tender,” said Gosa.

Akhona is involved in property advisory services.

“One major contract on that side is a contract we won to advise the foreign affairs department on its property (residential and commercial) needs in countries where they have properties.”

Akhona, which has three women and one man on its board, manages R1,3bn worth of properties in joint ventures with other players, and about R400m worth of properties on its own.


Publisher: Business Day
Source: Business Day

Most Popular

GMI Property Group adds a New Mall to its Stable: Bronkhorstspruit Mall

Jul 21, 2022
GMI Properties Group announces the development of the much-anticipated Bronkhorstspruit…

Equites Property Fund and Mabel conclude B-BBEE transaction

Jul 21, 2022
Andrea Taverna-Turisan
The JSE listed specialist logistics property fund, Equites, today officially announced…

The growing take-away and fast food, and food delivery, culture

Jul 20, 2022
Restaurant and Take-Aways data for May 2022
Restaurant and Take-Aways data for May 2022 points to “solid but slowing” growth in…

The rapidly rising cost of living is reflecting in residential rentals

Jul 21, 2022
TPN Graph-Rental Demand
Demand for residential rental properties saw some recovery in the first quarter of 2022…

Despite hike, interest rate remains below pre-Covid levels, says Dr Andrew Golding

Jul 21, 2022
Dr Andrew Golding
With the inflation outlook deteriorating since the previous Monetary Policy Committee…

Please publish modules in offcanvas position.