CORPORATE DIVESTITURES GENERATE ATTRACTIVE PROPERTY INVESTMENT OPPORTUNITIES
The start of a new year is often a time used by businesses to reflect on past performance and assess areas in which efficiency and profitability can be improved for the year ahead. For corporates and listed funds with historic property holdings, this includes a review of their resource allocation. When reconsidering the allocation of funds and cost of capital tied up in non-core property holdings, it is not uncommon for these corporates to opt to focus on core business and headline earnings, which will often result in corporate divestiture. An example of corporate divestiture would be the sale of unused buildings, creating property investment opportunities for other businesses.
However, the sale of these assets is often handled without focus, yielding disappointing results. Many corporates unfortunately do not have the expertise to maximise output through the sale of non-core property assets as it is not their business focus. It is therefore key for corporates to partner with an experienced party to manage the divestiture process. Nexus Property Group corporate real estate specialise in the divestiture of properties around the country, having successfully represented a number of corporates, listed funds and private clients over the past 24 months, offering up propertiy investment opportunities to investors.
Nexus Property Group has previously handled the sale of various properties, sold by auction on behalf of a JSE listed company, creating property investment opportunities for other businesses. Some of these properties included:
Large, partially tenanted industrial facility in Bloemfontein – Auction date: 21 February 2017
Located in Bloemfontein, this large industrial facility has storage and retail frontage. The facility, which has a gross leasable area of 3700m2, has multiple access points and is being sold partially tenanted.
Premium industrial facility in Chloorklop, Gauteng, being sold vacant – Auction date: 23 February 2017
This quality industrial warehouse is situated in the tightly held area of Chloorkop, Gauteng, and is within close proximity to O.R Tambo Airport. The price expectation is attractive in comparison to other properties in the area. Extending over a gross leasable area of 3160m2, the property is a triple volume warehouse in excellent condition with an overhead gantry and includes offices, boardrooms and on-site parking.
Multi-level industrial facility in Selby, Gauteng – Auction date: 16 March 2017
Situated on a primary commercial road in Johannesburg CBD, this property is an affordable multi-level industrial facility that can be sold vacant or with monthly leases. Extending over a gross leasable area of approximately 7000m² over 3 levels with vehicle access, the property is ideally suited for conversion to storage space or a motor workshop.