PROPERTY & FACILITIES MANAGEMENT EXPERIENCE

 

A fully integrated facilities & property management service was provided to all the clients mentioned below:

 

SA Listed Property Sector Clients:

 

  1. Apexhi Property Fund – (Richards Bay)
  2. Sycom Property Fund – (National)
  3. Martprop Property Fund – (National)
  4. Resilient Property Fund – (National)
  5. Capital Property Fund – (National)
  6. Centre City Property Fund – (National)

 

Private Clients

 

  1. GH Property Portfolio – (Gauteng)
  2. Dischem Properties – (Pretoria)
  3. Lockaway (Pty) Ltd – (Richards Bay)

 

We also maintain ongoing contact with industrial development companies, financial institutions, pension funds and both listed and unlisted property funds.

 

Pace’s success in the South African market allows us to provide considerable property expertise, complemented by an extensive pool of global skills and talents through our association with Cushman & Wakefield. Our global clients include:

 

  1. Ericsson
  2. Nestlé
  3. Proctor & Gamble
  4. Nokia
  5. Symantec
  6. British Airways

 

Lockaway Investments

 

Pace was asked to take over management of this portfolio to specifically:

 

  • Raise the property returns through increased rentals
  • Reduce vacancies and Improve the overall quality of occupiers
  •  All three goals were achieved to the satisfaction of the client with:
  • Operating costs reducing by 30%
  •  Lease rentals being raised on a through rate by 15% & Vacancies reducing from 25% to 3%

 

In addition rental arrears were reduced from 16% to 2% on a monthly basis

 

ABSA Mortgage Fund Manager (Pty) Ltd

 

Pace was mandated by ABSA to attend to the administration of the Bond Street Retail and Commercial Centre which ABSA had repossessed and ultimately wanted to sell.

 

Pace sourced a joint venture partner for ABSA to facilitate the upgrade, and future sale, of the property while also:

 

  • renegotiating leases,
  • leasing vacant space,
  • cutting expenses,
  • raising revenues and
  • performing other management functions to improve the prospects for profitable resale of the property.

 

Ultimately ABSA sold the property to the joint venture partners without suffering any losses, and retained the buyer mortgage facilities.

 

The Raiden, Raigrin and Gold Edge II (Pty) Ltd Property Portfolio

 

Pace was instructed to take over management of the Raiden and Raigrin portfolios as a result of success achieved for the same client in respect of Gold Edge II (Pty) Ltd.

 

The brief specifically focuses on:

 

  • Raising the property returns through increase rentals
  • Reducing vacancies and
  • Improving the overall quality of occupiers

 

All goals achieved to the satisfaction of the client. Pace achieved a 40% growth in value of the Gold Edge II assets through rental enhancement, savings in expenditure and efficient long term commercial leases through the recommended upgrade of the overall facility.

 

Statistics South Africa Head Office, Pretoria

 

Group company was a member of the private party responsible for the Design, Financing, Construction and Operation of  a head office building for Statistics South Africa

 

  • Total development cost:  R1,6 billion
  • Office area:  45,000m2
  • Total construction area:  75,000m2
  • Operations period:  24 years
  • Construction period:  2 years

 

Gold Reef Sands Residential

 

Pace is responsible for the management of a number of units at this complex for an investor

 

Lillipark Office Park, Rivonia

 

Pace was involved in the initial development of this property and is now the sole managing agent and is also responsible for ongoing

leasing.

(010) 020 2217)  I Email: info@pace.co.za

Designed & developed by www.squire4hire.co.za

© 2019 Pace Property Group (Pty) Ltd - All Rights Reserved