“We are very pleased that RMH has become a significant shareholder in Propertuity. Their investment will create the foundation for our next phase of growth, which will see us further developing Johannesburg and Durban cities, as well as looking for opportunities in new cities. The founders of RMH have long been an inspiration to me as an entrepreneur in how they built a disruptive innovation-led business within an established industry. Together with our existing partners from Buffet Investments, I believe we have access to some of the most exceptional business minds in the country on our continued mission to transform the built environment.”
Propertuity Development Company (Propertuity) is the first investment made in the specialist portfolio. The specialist portfolio will house best-of-breed specialist developers and managers focused on key niches in the property market. This portfolio is aimed at achieving higher yields and faster net asset value growth than the more traditional core portfolio.
Propertuity has expanded from starting in 2009 with one building valued at R15 million to having a portfolio worth over R1 billion today. The company has an extremely entrepreneurial and talented management team that remains invested in the business. As a leader in urban renewal it offers access to a highly specialised niche within the property market and a long-term growth opportunity, both locally and abroad. We will work with Propertuity to assist them with capital, strategic input, networking opportunities, structural longevity and additional governance systems.
“Genesis Properties is delighted to have RMH as its new partner. Genesis Properties’ key focus is investing in and partnering with property developers who have proven track records in the industry. RMH brings both capital and guidance to the company and we at Genesis Properties are looking forward to a long and successful relationship.”
Genesis Properties is the second investment made in the specialist portfolio. Genesis Properties is a company focused on building a long term portfolio of prime commercial, industrial and retail properties with strong long-term leases and will provide RMH Property access to a wider network of property opportunities.
Atterbury is RMH’s key development partner in its core portfolio that will target the more traditional and larger areas of South African property (principally office, retail and industrial property).
Atterbury has a 22-year successful track record in entrepreneurial skills, as well as development and asset management ability. Their team is regarded as the most innovative player in the South African property market. We will work with Atterbury and other future investment partners to assist them with capital, strategic input, networking opportunities, structural longevity and additional governance systems.
“It was evident from the first meeting that Atterbury and RMH share a similar culture and value set. Atterbury, as a relatively small company, is honoured to be reckoned amongst the RMH stable’s other prestigious investments. Having developed more than two million square meters both inside and outside of South Africa, we are the ideal partner for RMH to capitalise on property opportunities.”