Spire Property Newsletter - November 2019
SPIRE PROPERTY MANAGEMENT PARTNER WITH JADE CAPITAL PARTNERS
Spire Property Management has announced their partnership with 100% black women owned and managed investment holding company, Jade Capital Partners.
Jade Capital Partners was founded in 2013 by Zola Malinga and Bukelwa Bulo. The primary focus of the company is investments in the property sector, including direct property investments as well as investments in property services companies.
Zola Malinga was previously a director in the Real Estate Finance Division of Standard Bank, heading up the New Business Team, where she was a member of the Executive Committee and the Deal Approval Committee. Her role included the management of a key client portfolio. Prior to this, she was an Investment Banker having held roles in the BEE Finance and Investments Division of Standard Bank and as a Corporate Finance Consultant at Investec Bank Limited.
Malinga serves as an independent non-executive director on the boards of Hospitality Property Fund, Sasol Inzalo, Grindrod Bank and Grindrod Limited. She is also a non-executive director of the following Jade investee companies: Jade Precast (Pty) Ltd, Weldamax (Pty) Ltd and Remote Metering Solutions (Pty) Ltd. She serves on the board of the South African Property Owners Association (SAPOA) and was previously the Chairperson of the Women’s Property Network (Gauteng).
Bukelwa Bulo has over 12 years of experience in Investment Banking, having worked for 11 years in the Private Equity Division of Investec Bank Limited. She has obtained exposure to a wide spectrum of sectors including the hospitality, quick service restaurant, industrial services, engineering, retail and wholesale sectors.
Bulo has served as a non-executive director on the boards (and board committees) of the following companies: Franki (Pty) Ltd, Plumblink (Pty) Ltd, Kumnandi Food company (Pty) Ltd, Anglo V3 Crane Hire (Pty) Ltd, Elcon Cranes and Construction (Pty) Ltd, Protea Hospitality Holdings (Pty) Ltd, Metaf Investment Holdings and The Business Place (eQonce). She has also represented Investec Bank Limited as an observer on the boards of Kensani Corrections (Pty) Ltd, African Revival Investment Holdings (Pty) Ltd, Tsiya Radio (Pty) Ltd, Tsiya Group (Pty) Ltd, and Shanduka Group (Pty) Ltd. She is also a non-executive director on the board of Unispan Holdings (Pty) Ltd, and a member of the Women’s Property Network in Gauteng.
“Spire is very excited about this new partnership with Jade Capital Partners. Historically our organisation has had a strong Cape Town presence, with this new alliance we are afforded outstanding inroads into the greater Gauteng market and are able to offer our clients access to value-adding investment opportunities identified through Jade’s extensive industry networks and deal making abilities. Jade’s vision and mission strongly resonate with the deal making passion and energy within Spire,” says Gregg Huntingford, CEO of Spire.
Spire has been operating for 20 years in the property services sector. It was a founder member of the Green Building Council of SA. The directors of Spire have over the years worked in and alongside some of the main property institutions of South Africa. Spire has been instrumental in listing several property funds, and remains very active in the property market today, with management, broking and project services being some of the products offered.
“Collectively we all believe in the future of the SA property industry and feel the partnership will add value to growing and transforming this sector. Jade and Spire also share a passion for supporting communities where we can at a grass roots level and promoting education of the youth – particularly in rural areas. We also feel it is important to mentor the youth of our country – which is why for instance we sponsor Ubuntu Football Academy.”
“This is an organisation seeking to mentor young people who hail from disadvantaged backgrounds. Through sport an education and guidance are provided.
This is a truly South African success story and one that Spire is proud to be associated with. With the addition of Jade Capital as stakeholders Spire looks forward to playing our part in continuing to contribute to the upliftment of the South African economy,” concludes Huntingford.