Johannesburg’s inner-city is a truly African city and a place of inclusion, economic growth and opportunity. So said Paul Jackson, CEO of TUHF, at the official opening of Fedsure House – the newest property refurbishment project undertaken by Samuel Beyin, the CEO of Focus1 student accommodation and a long-standing TUHF client. Located at 13 Plein Street in Johannesburg’s CBD, Fedsure House is a state-of-the-art student accommodation facility.
TUHF Group’s founding CEO, Paul Jackson, has reached retirement age and will be stepping down from his position as TUHF’s CEO at the end of December 2025.
During the COVID-19 pandemic, property stocks in general took a significant hit, where retail and commercial office space – and even some industrial property holdings – were affected. In contrast, lower-income affordable housing – and inner-city housing in particular – has performed better than most other property markets in South Africa over the same period.
Despite its potential, Irene Court was a run-down apartment building in the central business district of Bloemfontein.
TUHF Limited has secured a R700 million investment from Standard Bank through the bank’s Debt Capital Markets team.
The outgoing Mayor of Johannesburg, Mr Herman Mashaba was among a line-up of expert speakers in the property, urban planning and government sectors, assembled to tackle the question of how to unearth inner city potential - making investment more accessible and profitable.
On behalf of its clients, Futuregrowth's Development Equity Fund, has purchased a 12.5% equity stake in Johannesburg urban renewal property group TUHF (Pty) Ltd for R25m which will boost affordable housing in Johannesburg CBD. TUHF provides commercial property finance to emerging and established entrepreneurs to purchase and refurbish affordable rental housing residential buildings in the inner cities of Gauteng, Durban, Pietermaritzburg, Port Elizabeth and surrounding areas
The big banks may well have backed out of seemingly high-risk inner-city property markets but alternative lenders, private equity funds and institutions are starting to pick up the slack
US-backed private equity fund International Housing Solutions, which entered SA’s affordable housing market in 2008, recently breached the R1bn lending mark.
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