A property slump of 2008 has hit South African businesses hard, but created new emerging markets opportunities that the likes of Phadima Group Holdings are tapping into.
Phadima Group Holdings has become one of the major players in the mixed-use and integrated residential developments. Rali Mampeule (37) – is the acting CEO of Landworth Pty Ltd a newly launched subsidiary of Phadima Group Holdings.
The integrated market approach entails catering for fully subsidised, social housing, rental housing, entry-level affordable housing (finance linked bonded housing) all in one project, leading to integration of different market segments and Landworth is projecting a yield of at least 68 000 units over 7 years.
“In the past 3 years ,we have been able to acquire over 1900 hectors of land valued at more than R700 Million and 856 hectors of it has already been sold to government for R204 Million as part of our fundraising-the rest of the land is to be developed in partnership with government and the private sector, ” Mampeule outlines.
The project pipeline of over R10 Billion is based on the number of hectors still to be developed .
Dunnottor integrated development estimated at R3,5 Billion,Carnival City integrated development at R3 Billion and the Middelburg integrated development estimated at R3.8 Billion .
“We are now on a roadshow raising further funding to implement this projects in partnership with government and the private sector – we will be quoting (offscreen) using the Over The Counter (OTC) fund raising method with the new South African Financial Exchange (SAFE) to raise further funding for the business plan “says Rali Mampeule.