Valuations doubled, says JHI
Nick Wilson
PROPERTY services group JHI Real Estate says its valuation business has doubled in the past year.
Chairman Les Weil says the group’s valuation division is being increasingly recognised for its professionalism and high standards.
The group also did the valuation work for recently listed Hospitality Property Fund, a fund focused on hotel property.
Weil says that because South African firms are aligning themselves with international financial reporting standards, there is increasing demand for proper valuations on all assets, including property.
“We (JHI) do extensive valuation work for other large listed property companies and banks.”
JHI also manages property and facilities and is involved in leasing, sales, broking, development management and residential development facilitation.
Weil says the group is now focusing on an entrepreneurial approach to its business.
“We recognised a year or so back that the nature of our operation needed to change from only providing a range of services to becoming much more entrepreneurial in our approach.
We are now identifying opportunities, for example in development, and taking them to our clients or coming into consortiums to deal with these opportunities because we have the range of expertise to do so.”
He says JHI would be prepared to actually participate in developments in a joint venture with clients.
“We have qualified developers, quantity surveyors and builders employed at JHI.”
Publisher: Business Day
Source: Business Day
