Thynk Property Partners Launched
2005-11-14
Two prominent former employees of Marriott Corporate Property, Leon Quenet (former executive director) and Iain Burns (former national retail leasing executive) have decided to continue their property careers outside the ''new'' Marriott/Old Mutual entity with Thynk Property Partners as from November 2005 and will be operating nationally out of their offices in Cape Town.
Thynk Property Partners is owned by Thynk Capital and the directors of Thynk Property Partners. Leon Quenet the new CEO of Thynk Property Partners says that their primary focus will be to develop a prime property investment portfolio ,specializing in retail/commercial and industrial developments which involves property development conceptualization and coordination, the leasing role , managing the property assets and corporate property funding. Iain Burns has been appointed as the national executive leasing director. The other non-executive directors of Thynk Property Partners are Robin Frew and Rob Ferguson from Thynk Capital.
Leon Quenet say’s that we will be operating out of our new offices in our first successfully completed retail/commercial development, The Old Bakery in Lakeside, which will house the first Woolworth's green food store as our anchor tenant. We are currently working on some exciting new property developments ; a new regional mall of 55 000m2 in East London called East Coast Mall , new community shopping centre of 10 000m2 in Beaufort West (Beaufort West Mall) and a neighborhood centre , Die Kraal in Paarl of 8000m2, as well as an industrial development in Airport City Precinct in Cape Town with construction commencing in January 2005.
We are still bullish about the retail property market due to the continued consumer spending pattern and positive macroeconomic fundamentals and outlook and have adopted an open minded approach to the locations of our planned retail developments. We feel that the industrial property market is the sector to watch as the current GDP is a good indicator that demand for industrial, manufacturing space and distribution facilities will increase over the foreseeable future.
Source eProp: www.eprop.co.za
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