Property services group JHI Real Estate said on Monday it was poised to reap benefits in the form of more business from Realogy Corporation's takeover of global commercial real estate network Oncor.

JHI chairman Les Weil said Oncor was an umbrella body which essentially was a non- profit organisation to facilitate the delivery of seamless business to multinational corporations through referrals by Oncor members.

JHI is Oncor's Africa affiliate and provides a range of commercial, industrial and retail real estate services. Weil said Oncor also provided a benchmark to ensure best international practice. He said Realogy, the world's largest real estate franchisor, would provide Oncor's services "plus a whole lot more, being a top international company".

The Realogy Franchise Group is a Fortune 500 company.

"The benefit to JHI will come from expansion and increased opportunities for referrals and cross selling of services. The most important part of that is the opportunity for our clients," said Weil.

"Through Oncor, we were represented in 44 countries. Now it will be 140. Any client of ours wanting to access any market in the world will now have a greater opportunity and, similarly, clients from abroad in markets where we weren't represented will now be able to have a focused service offering in SA and Africa."

Business Day