GRIT and Hodari officially launch Mozambican Property and Asset Management Company

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GRIT and Hodari officially launch Mozambican Property and Asset Management Company

9:40 CAT | 21 Jun 2018

Grit, the only listed Africa-focused income distribution group to offer international property investors access to high growth opportunities in thriving African economies outside of South Africa, today, 21 June 2018, announced that it has partnered with Hodari Mozambique to form a specialist Mozambican Property and Asset Management Company.

The launch of GMS – Serviços De Gestão De Imóveis Limitada (GMS Moçambique) was announced at the MozamREAL Property Forum held in Maputo on 20 June 2018.

*Debby Kippen, Grit Group Asset Manager*

“Grit and Hodari are respectively some of the pre-eminent real estate owners and developers in Mozambique. We identified a need to specifically address asset and property management challenges in the local market and the establishment of GMS Moçambique will allow us to offer an in-house alternative solution where price, professionalism and accountability are directly controlled,” commented Debby Kippen, Grit Group Asset Manager.

GMS Moçambique is staffed and managed by a highly skilled and experienced in-country team of facilities and property management professionals who currently manage the assets owned and developed by Grit and Hodari.

“As shareholders of GMS we are also the owners and developers of the portfolio and have a vested interest in the successful and efficient management of each asset.

“Our team’s hands-on presence enables us to immediately address day-to-day challenges. Professionalism and local experience combined with best-practice processes to ensure that the properties are efficiently managed, that problems are proficiently dealt with and that tenants, stakeholders and shareholders have confidence in the maintenance and management of each asset.

“Our understanding and consistent delivery on tenant needs and expectations despite the constraints of the local environment sets us apart. By providing an in-house property and asset management alternative, we are better able to directly control quality, price and turn-around times in line with best practice guidelines,” commented Kenn Verster, director of GMS Moçambique.

GMS Moçambique deploys internationally recognised property management tools and places a large emphasis on understanding and partnering with tenants on their long-term property requirements.

Grit’s Mozambican portfolio is valued in excess of $250 million and comprises landmark assets such as the Vodacom Building and Commodity House phase one and two, developed by Hodari.

Source: API Events / Press Release