New property development brand launches in Cape Town

Flyt Property Investment (Supplied)
Flyt Property Investment (Supplied)

Flyt Property Investment, Cape Town's newest property development brand, was launched on Tuesday.

The brand originates out of an alliance between Proventus Property’s Zane De Decker and private equity investors who have valued and supported his work in the past.

De Decker says their strategy is one of finding only meaningful opportunities that challenge the status quo. "It's important for us to achieve returns in every sense," he says.

"Not only do we want to achieve attractive financial yields, but it is also essential that we uplift local businesses, improve the built environment and facilitate positive progress in the areas we work in."  

The Flyt partnership is focused on the Cape Town area, spanning residential, hospitality, industrial and commercial projects.

Their newest development, Eaton Square, situated in Diep River, consists of 66 sectional title apartments.

Their alternative co-living model incorporates a fully-managed "plug and play" concept targeted at the younger generation.

Due to launch in early 2020, Wink Apartments, a Foreshore development consisting of 30 residential units and retail space, will include an allotted portion of rooms available to the Airbnb-type hospitality rental market.

Pipeline developments and projects include a property in Rosebank and a mixed-use development in Buitengracht Street, Cape Town.

The group has indicated that they will soon be launching a Section12J property fund aimed at interested investors.

ZAR/USD
17.39
(-0.06)
ZAR/GBP
22.74
(+0.07)
ZAR/EUR
20.57
(+0.03)
ZAR/AUD
12.45
(+0.00)
ZAR/JPY
0.16
(-0.09)
Gold
1950.75
(-0.32)
Silver
27.24
(-0.76)
Platinum
953.00
(-0.62)
Brent Crude
45.01
(-1.03)
Palladium
2158.00
(-0.54)
All Share
57419.46
(+0.00)
Top 40
53082.08
(-0.08)
Financial 15
10227.06
(+0.86)
Industrial 25
75743.15
(-0.61)
Resource 10
59161.88
(+0.29)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 990 votes
It depends on how the funds are used.
74% - 6608 votes
No. We should have gotten the loan elsewhere.
15% - 1387 votes
Vote