Devmark Property Group has introduced a new broking division specializing in retail and shopping centres.
Says Hein Ehlers, founder and Group CEO of the Devmark Property Group: “We’d like to welcome Pieta van Wyk to our commercial division. Known for his outstanding service and expertise, he is the perfect partner to provide an exceptional and comprehensive service to clients within this sector of the industry on a national level.”
Pieta van Wyk adds: “Devmark is a dynamic group and to date didn’t have a dedicated team in this sector of the market. I believe together we can make a difference. It’s an exciting industry and combines finance with consumerism. It’s dynamic and ever changing, which is challenging. I thoroughly enjoy working in this environment.”
Van Wyk, who uses research, networking and cold calling to connect with buyers and sellers, says there are essentially three reasons why retail and shopping centres are excellent investments.
“It presents an opportunity for a passive income, the very nature of retail assets allows landlords to sign long term leases, rental amounts increase with annual revisions and this leads to an increase in the capital value of the asset. Due to the passive nature of the increase, the demand for these type of investments will always be high.”
The team liaises directly with all major property companies, both listed and unlisted. Concludes Van Wyk: “Whether you’re investing or selling, we offer years of property experience and an impeccable legacy of success, underpinned by a proven business model that is one of value-add service addition along the entire property business chain. We can source excellent deals for our clients, whether it’s selling or buying shopping centres. This includes neighbourhood, convenience and regional centres.”