Real estate firm upbeat about PMB

2008-12-23 00:00

Chas Everitt has expanded into Pietermaritzurg. Heading the operation are principals Musa Malinga and Msizi Malinga and manager Henri de Rauville, whose team includes sales agent Gleryl de Rauville and tax specialist Hillary Hart.

The De Rauvilles entered the real estate industry in 2003 after a number of years in farming. The pair diversified and Henri became the principal of another property venture.

Then he and Gleryl were approached by Msizi Malinga and his brother Musa, who is providing the financial backing for the new branch and is a chartered accountant. Msizi previously worked as a consultant with the education and training authority for the services sector, SETA, and is keen to apply the skills he learnt to the property industry.

After working for SA Revenue Services for 16 years, Hillary Hart joined the real estate industry in 2006.

Msizi Malinga and De Rauville say their decision to adopt the Chas Everitt brand was because clients associate the brand with quality. In addition, the company’s training programme, support and networking capabilities are invaluable.

Says De Rauville: “Every Chas Everitt member is required to undergo category-specific training, without which they are not allowed to operate.” The new branch has already secured a number of exclusive mandates including Woodridge Estate situated next to Michaelhouse school. Stands are selling for between R1m and R2,2m. The estate will incorporate a six-star conference centre, health hydro and a Hotel.

The Chas Everitt sales team is upbeat about local property market prospects. They say freehold properties within Pietermaritzburg boundaries are selling for R700 000 on average and that activity is definitely up, particularly in the township areas of Edendale and Imbali. — WR.

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