The Rabie Property Group develops across all sectors of the property industry, namely residential, commercial, retail, industrial and leisure, throughout South Africa. While most of our work lies in developing our own projects, we have also undertaken a number of developments in joint ventures with banks, empowerment companies, co-developers and/or construction companies. Joint venture partners have included Nedbank, Investec and Absa from the banking sector; Asrin, Harries Projects, Aquacor, Cavcor and Abland. In addition, we have partnered government in a number of ground-breaking public private partnerships.
The Rabie Property Group has pioneered public private sector partnerships at both a municipal and provincial level. In these initiatives, regulated by development facilitation agreements, the relevant authorities have contributed the raw land, while we have provided the business, entrepreneurial and technical skills required to deliver turnkey development solutions in order to maximise the potential of the land. The respective authorities have been able to then use a percentage of the enhanced value of the land for the wider benefit of the community, funding much-needed capital projects and infrastructure. Prime examples of these partnerships have been the award-winning Westlake development in Tokai, Cape Town; Big Bay in Bloubergstrand, Cape Town and Fernkloof Estate in Hermanus.
We also employ our technical expertise to develop projects for third party landowners or developers on a turnkey basis for an agreed fee.
Our in-house commercial broking division provides a service for the Group, but also undertakes sales and letting for third parties.
Residential Property Sales
The Rabie Property Group has an interest in a specialist residential agency Property World, which has an exclusive mandate to sell all Century City residential projects. Property World also specialises in the resale market at Century City and in this sphere offers a service for the general public.
The Rabie Property Group has a wholly-owned niche construction company - Big Ben Construction - that undertakes residential and small commercial projects on its behalf at Century City.