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JSE listed Balwin Properties Limited (“Balwin”) and Transcend Residential Property Fund (“Transcend”) today announced a strategic alliance with the intention to bring to market up to 8,900 quality affordable rental apartments across five developments in key Gauteng nodes over the next six years.
There can be no arguing against the fact that the provision of affordable housing is a vital component of the social transformation and empowerment efforts of local and national governments across South Africa.
The built environment has a major role to play in climate change mitigation, and progressively more South African property investors are rising to the challenge with positive impacts on the environment and their businesses.
Transcend Residential Property Fund will give investors exposure to a robust rental market following its listing, says CEO Rob Wesselo.
- Good quality suburban, newly built townhouse type developments compliments Indluplace’s current portfolio of suburban and CBD properties
With the Green Building Council South Africa (GBCSA) certifying the first housing projects in the country using the EDGE (Excellence in Design for Greater Efficiencies) residential green building tool, currently in pilot phase, the council is now set for a major rollout of green building ratings in SA’s residential property sector.
Ms. Elize Stroebel is an Independent Non-Executive Director of Arrowhead Properties Limited.
The South African Government's recent pronouncements on the provision of housing are welcome signs of it moving in the direction of real and sustainable long-term solutions to the problem.
Investors are lining up for a share of sub-Saharan Africa's booming affordable housing market, with global private equity investor, International Housing Solutions' second fund attracting an impressive R1.5-billion.