David Rebe, CEO of Sandak-Lewin Property Trust
Two of Cape Town’s major sectional title property management companies, Sandak-Lewin Property Trust and J & S Penkin cc will be amalgamating, further reaffirming Sandak-Lewin Property Trust’s position as a leading sectional title property management company in the Western Cape.
Sandak-Lewin Trust will have a combined workforce of more than 60 staff, who will be responsible for the management of approximately 500 sectional title buildings in Cape Town and neighbouring areas in the Western Cape.
David Rebe, CEO of Sandak-Lewin Property Trust, says that the amalgamation will strengthen the company’s resources and enhance their ability to serve clients across the Western Cape. “J & S Penkin cc is a natural fit with Sandak-Lewin Property Trust because of its recognised strength and exceptional sectional title property management practices and expertise, and further because they share our high-quality value-added client service philosophy.
“Combining our resources and extensive knowledge of the property management sector, J & S Penkin cc gives us the unique opportunity to create new synergies and to grow and enhance our client services by leveraging our personnel, financial strength, programmes and systems to build a stronger presence in the Western Cape,” says Rebe.
According to Saville Penkin of J & S Penkin cc, after successfully running the business for 48 years, firstly as a Sole Proprietor and thereafter as the sole member of J & S Penkin cc, the company has taken the decision to amalgamate the business with that of Sandak-Lewin Trust, who operate a very similar business. “The amalgamation will offer an even better service to our clients, as Sandak-Lewin’s advanced programs and integrated systems will benefit both the business and our clients.
Sandak-Lewin Trust Incorporating J & S Penkin cc will be located at the Sandak-Lewin Trust offices, situated on the corner of Riebeek & Loop Streets, Cape Town. The majority of J & S Penkin staff, including portfolio managers, Rental agents, bookkeepers, secretaries, etc., will be moving to the Sandak-Lewin Trust premises from 1 July 2015.