Gensec Property Rentals exceed 1 billion in 2004

Posted On Wednesday, 09 March 2005 02:00 Published by
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Latest figures show that Gensec Property Services (Gensec) concluded letting deals worth in excess of R1 billion during 2004

Latest figures show that Gensec Property Services (Gensec) concluded letting deals worth in excess of R1 billion during 2004. This confirms Gensec’s position as one of the largest property services management groups in South Africa.

The deals represent 560 000m2 of space let on behalf of Gensec’s clients over the twelve-month period. Vacant space represented 235 000m2, with a contract value of R320 million. 

Brokers, who are integral to Gensec’s business model, concluded deals representing 130 000m2, with a contract value of R110 million.

Margie Blair of Chelsea Manhattan, Gensec’s top performing broker, was recently honoured at a function held at Zimbali Lodge on the KZN north coast.

Marna van der Walt, CEO of Gensec, said, "Buildings need to be full at all times.  The broker fraternity is an important key in our business model to facilitate this."

Ends

For immediate comment, please contact:
Marna van der Walt – CEO: Gensec Property Services
Tel                     :       011 471 7530


Publisher: Gensec Property Services
Source: Gensec Property Services

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