Propergation Estates  
Propergation Estates - Management
commercial property administration

History & strategy

The property management department was formed during 1980 to manage the different properties that the group acquired or developed. Currently we manage 45 properties on behalf of the owners and our management portfolio consists of 130 office/retail/residential tenants. Our largest property under management is the High Street Complex in Rosenpark, Bellville. The Bella Rosa Village comprises 6 buildings with a GLA of 20 477m2. We deliver a full range of property management services, ensuring that the property owners have a hassle-free and pleasurable experience in owning a property. Our focus is to maximise the return for the property owner by carefully selecting and managing tenants that suit the building’s commercial profile and to manage vacancies to a minimum.

 
the team
Our management team is headed by Annelie le Roux, a qualified CA(SA).
 
services rendered
Tenant administration: Monthly invoicing
Rental collection and bad debt administration
Building expenses and utilities: Administration of expenses and payments
Utilities payments and recovery from tenants
Accounting: Monthly accounting, income and expenses, balance sheet
Property reporting: Monthly management reports, income and expenses, balance sheet
Annual rent roll for cash flow/budget and valuation purposes
  Average rental calculations/vacancy reports
Accounting: Monthly accounting, income and expenses, balance sheet
Budget and expense control: Detailed budget per property and actual budget comparisons
Statutory returns: E-filing (VAT, PAYE, SDL, UIF), CIPRO, tax and IRP6 returns
Financial statements (IFRS for SMEs): Annual financial statements and audit preparation
 
some buildings under management:
Click on the properties below for more information:
1 HIGH STREET
14 BELLA ROSA STREET
3 HIGH STREET
20 BELLA ROSA STREET
5 HIGH STREET
ROSENPARK UNITS
6-8 HIGH STREET
MONTROSE PLACE