Having clinched investment sales deals in excess of R600 million since the beginning of 2015, and armed with a wealth of property knowledge and experience in the commercial and industrial sector broking, Sean Berowsky has been appointed Head of Commercial and Industrial Broking at Broll South Africa.
Top commercial property broker Sean Berowsky was recently appointed Head of Commercial and Industrial Broking at Broll South Africa.
Berowsky, based in the Cape Town office joined Broll Property Group in February 2009 after spending nearly 10 years in the UK at Christie & Co and Countrywide Chartered Surveyors. He has also served as a Director of Wadham & Isherwood Chartered Surveyors.
He has primarily been involved in the investment market in South Africa dealing mainly with institutions, listed property funds and large private investors and more recently, the corporate leasing market.
Prior to this appointment, Berowsky was the Director of Broking in the Western Cape and over the years, he has developed a strong client base and relationships.
“I look forward to working with the Broll broking teams nationally in creating strategic, innovative and mutually beneficial opportunities for investors and occupiers alike.”
Commenting on Berowsky’s appointment, Group CEO, Malcolm Horne says: “We are delighted to have Sean on board and believe that he will lead the broking division to new levels of achievement going forward. His dedication, abilities and passion for the brand have earned him this promotion and this new position speaks to his strong character, we are lucky to have him and wish him well in this new position.”
Since the beginning of 2015, Berowsky has concluded investment sales deals in excess of R600 million including the sale of listed property funds’ assets, Hyprop Investment Ltd’s CapeGate Shopping Centre for R323 million and Old Mutual’s Mitchells Plain Shopping Centre for R150 million, among others.
Berowsky explains that tenant demand for commercial and industrial space remains constrained due to slow economic growth. Tenants have become savvy and in a bid to cut down costs, when they look for new premises, they opt for buildings that provide greater efficiencies with lower operating costs than their currently occupied space.
“While nationally, vacancy rates are still relatively high, until the situation improves, we expect to see fewer speculative developments and new developments will be tenant driven,” he adds.