Black group lands deal

Posted On Wednesday, 25 September 2002 02:00 Published by
Rate this item
(0 votes)
Black empowerment property management company Hermans & Romans has built a property portfolio under management worth close to R1bn in just six months
Black empowerment property management company Hermans & Romans has built a property portfolio under management worth close to R1bn in just six months.

The company announced last week that it had clinched a contract to manage Futuregrowth Property Fund's portfolio.

Director Kevin Roman said the deal addressed a major difficulty for empowerment start-ups: getting big business to recognise their capabilities.

Futuregrowth fund manager Wayne van der Vent said Futuregrowth, with 13 shopping centres, urban and rural, in eight provinces, needed rural and urban management expertise. 'This is not an easy combination to find.' he says.

'It is important to Futuregrowth that the property manager understands the type of portfolio we run, and has the capabilities and systems to manage our sites.'

Business Day


Publisher: Business Day
Source: Business Day

Most Popular

Where is the housing market headed in 2021? Dr Andrew Golding comments

Jan 19, 2021
Andrew_Golding_Golding_PropertyGroup
After the worst economic downturn in decades, further dampened by the recent tightening…

Repo rate remains unchanged at 3.5%

Jan 21, 2021
Governor_Lesetja_Kganyago_SARB1
The Monetary Policy Committee has decided to keep the repo rate unchanged at 3.5% per…

2021 - the year of the great reset

Jan 20, 2021
Yael_Geffen_LGSIR_CEO
Although the pandemic hasn’t yet abated as we had all hoped and 2021 looks to be more of…

Accelerate appoints Derick van der Merwe as independent non-executive director

Jan 21, 2021
Derick_van_der_Merwe_Accelerate
JSE-listed Real Estate Investment Trust and 50% owner of Fourways Mall, Accelerate…

Please publish modules in offcanvas position.