Property Partnerships - South Africa

In 1994, Renprop formed a strategic alliance with Probuild Construction Group to develop multiple residential units. 33 residential projects (2, 700 units) have been completed to date under this arrangement.

In 1999, to diversify its operations, Renprop extended the alliance with Probuild to include the development of commercial and industrial properties. To date, 15 projects (72, 450m²) have been completed.

From the year 2000, Renprop undertook joint ventures with Vlaming Construction and Devcon (Pty) Ltd to develop both residential and commercial property opportunities. So far, 3 major commercial ventures (17, 400m²) and 11 residential projects have been developed.