JHI, part of the Excellerate Property Services Group, has been appointed to manage Old Mutual Life Assurance Company SA’s entire property portfolio in South Africa and Namibia, from 1 April 2016.
This new property management agreement is a cost-effective solution that allows leading real estate investor Old Mutual to remain focused on the strategic asset management of its properties while experienced property manager JHI adds value to through the properties’ day-to-day operations.
Commenting on the contract, CEO of JHI Nomzamo Radebe says: “We are proud to be appointed as the property managers for the Old Mutual portfolio of properties. The proposal process was rigorous. We’re thrilled that JHI was chosen as the most preferred service provider.”
The Old Mutual portfolio includes 46 properties and land parcels throughout South Africa and five properties in Namibia. It is diversified across commercial property sectors with a significant retail component as well as quality office and industrial properties and two hotels.
With a track record of over 100 years in real estate, JHI is a leading property management services company that constantly finds innovated new ways to create value for its clients. JHI has grown from serving a single client to a multi-client services company with assets of R150 billion under management.
Radebe says: “This five-year contract is a strong platform to perform and give Old Mutual the value they are looking for. We’re excited about it.” As part of the Old Mutual property management outsourcing arrangement, JHI has taken over the employment of over 100 people.
More information from Tel: 011 911 8111 / www.epsgroup.co.za
