Diamond Property Group a true player in two countries
Errol Diamond of Diamond Property Group has now emerged as a fully international property player in the true sense & has been in operation in South Africa for the past 16 years & operating in Australia for over 6 years!
Diamond started the business from a small office in Absa centre (formerly Trust Bank Centre) which Diamond went onto to sell at what was the largest commercial CBD broking deal at that time, it made front page of the Sunday Times Business section! Due to leads & deal flow being received at such a rapid base Diamond felt it necessary to embark on creating a team of specialized property brokers.
Diamond teamed up with partner Nathan Brajtman who manages & partners Diamond in the broking business. They also opened a branch in Tygervalley & now employ 10 brokers to cater for the whole Western Cape; which cover Industrial, offices, retail & investment type properties.
An extension of the above is Diamond Residential properties, very specialized. We will lease your residential apartment & offer the on-going management service. This together with selling & buying makes up the business.
Diamond Property Management is run by partner & managing director Leigh Maingard who's knowledge on property management & sectional title management is massive, he is certainly a leader in this field, they currently employ approximately 120 staff with a management portfolio well in excess of R5 Billion rand & growing.
The Australian operation started when Diamond realized the global village
would mean astute property investors will be looking all over the world
to invest. He studied the Australian property market & economy &
realized this is a place to invest & the only way to do it properly
was to relocate to Australia for a few years & do it himself. Today
Diamond Property Group in Australia manage assets in excess of R 700 million
rand. Diamond has taken an equity stake in all the properties he manages
& has not gone into 3rd party management at this stage or broking.
He deals mainly with South African investors made up of High net worth
individuals & institutions/listed entities, & also operates as
a consultant to investors as well as to South African retailers &
businesses looking to expand into the Australian market. The other opportunity
is for smaller investors to invest along side Diamond in small Co-investments
or syndicates & this opportunity will not last for too much longer,
net yields & returns on equity are more attractive in Australia than
South Africa in the current market.
Article by: www.diamondpropgroup.com