“We’d like to welcome Pieta van Wyk to our commercial division. Known for his outstanding service and expertise, he is the perfect partner to provide exceptional and comprehensive service to clients within this sector of the industry on a national level,” says Hein Ehlers, founder and group CEO of the Devmark Property Group.
Pieta van Wyk adds: “Devmark is a dynamic group and to date didn’t have a dedicated team in this sector of the market. I believe together we can make a difference. It’s an exciting industry and combines finance with consumerism. It’s dynamic and ever changing, which is challenging. I thoroughly enjoy working in this environment.”
Van Wyk says there are essentially three reasons why retail and shopping centres are excellent investments. “It presents an opportunity for a passive income, the very nature of retail assets allows landlords to sign long-term leases, rental amounts increase with annual revisions and this leads to an increase in the capital value of the asset. Due to the passive nature of the increase, the demand for these type of investments will always be high.”
