Prop­erty, mi­gra­tion com­pa­nies team up

The Star Early Edition - - BUSINESS NEWS - Joseph Booy­sen

SOUTH African firm Pam Gold­ing Prop­erty’s in­ter­na­tional di­vi­sion has part­nered with global in­vest­ment mi­gra­tion firm Hen­ley & Part­ners.

The al­liance is ex­pected to pro­vide buy­ers seek­ing in­ter­na­tional prop­erty as­sets with a view to ac­quir­ing dual res­i­dence or cit­i­zen­ship, an end-to-end ser­vice.

The part­ner­ship comes when in­creas­ing num­bers of af­flu­ent peo­ple are look­ing to hedge their bets over­seas and will ben­e­fit South Africans wish­ing to di­ver­sify their in­vest­ment port­fo­lios by gain­ing a foothold on the global prop­erty lad­der.

Nigel Barnes, man­ag­ing part­ner of the South African branch of Hen­ley & Part­ners – a leader in res­i­dence and cit­i­zen­ship plan­ning with 27 of­fices around the world – said the firm was ex­pe­ri­enc­ing a ris­ing de­mand for in­ter­na­tional res­i­dency and cit­i­zen­ship from clients want­ing to firm up their fu­ture plan­ning ob­jec­tives, be it from a life­style point of view or as a rand hedge in times of eco­nomic un­cer­tainty.

Barnes at­trib­uted this to a num­ber of fac­tors, from as­pi­ra­tional life­style changes and ca­reer op­por­tu­ni­ties to the re­cent credit rat­ings down­grades and the po­ten­tial ef­fects of junk sta­tus on the econ­omy.

“A far greater aware­ness of the vast op­por­tu­ni­ties pre­sented glob­ally has cap­tured the at­ten­tion of many South Africans, who are as­sess­ing the avail­able op­tions for di­ver­si­fy­ing their per­sonal in­ter­ests and in­vest­ment as­sets be­yond the coun­try’s bor­ders.”

Chris Im­mel­man, head of Pam Gold­ing’s in­ter­na­tional di­vi­sion, agreed that a num­ber of the coun­try’s su­per-wealthy were mi­grat­ing them­selves and part of their as­sets off­shore. This did not mean they had lost faith in South Africa.

“These peo­ple are not nec­es­sar­ily em­i­grat­ing. They are merely mak­ing the world’s mar­kets work for them, repo­si­tion­ing their as­sets, and their homes, for a while,” he said.

Barnes con­firmed that most of his clients had no in­ten­tion of re­lo­cat­ing, adding that there was no rea­son to do so. “The very com­pet­i­tive cit­i­zen­ship-by-in­vest­ment pro­grammes of­fered by some of the is­land na­tions in the Caribbean, for

Peo­ple are look­ing to di­ver­sify their in­vest­ment as­sets be­yond the coun­try’s bor­ders

in­stance, have no res­i­dence or vis­i­ta­tion re­quire­ments.” He said the res­i­dence pro­gramme of Malta was an­other ex­am­ple.

Dr An­drew Gold­ing, chief ex­ec­u­tive of the Pam Gold­ing Prop­erty group, said for­eign prop­erty own­er­ship had al­ways held wide ap­peal for the af­flu­ent. Many top-end buy­ers were buy­ing sea­side res­i­den­tial prop­er­ties or other “life­style prop­er­ties” abroad not only to pro­vide a hol­i­day des­ti­na­tion or a sec­ond or third home, but be­cause they rep­re­sent an “ex­cel­lent means of di­ver­si­fy­ing their prop­erty port­fo­lios” and se­cur­ing a sound long-term in­vest­ment.

“In ad­di­tion, & Part­ners means that, for this cat­e­gory of buyer, we are uniquely equipped to pro­vide an al­len­com­pass­ing pro­fes­sional ser­vice. Pam Gold­ing Prop­er­ties is recog­nised lo­cally and in­ter­na­tion­ally as south­ern Africa’s lead­ing in­de­pen­dent , and most awarded, real es­tate group. We have an ex­ten­sive knowl­edge of the prop­erty mar­kets in a se­lec­tion of the coun­tries cur­rently of­fer­ing at­trac­tive and legally com­pli­ant cit­i­zen­ship-by-in­vest­ment pro­grammes, in­clud­ing Malta, Cyprus, Por­tu­gal and Gre­nada, and we present a cus­tomised port­fo­lio of pre­s­e­lected prop­er­ties to in­vestors based on their spe­cific pref­er­ences and cri­te­ria.”

Im­mel­man said Hen­ley & Part­ners was the global leader in res­i­dence and cit­i­zen­ship plan­ning. The firm pro­vided a com­pre­hen­sive ser­vice through­out the en­tire res­i­dence or cit­i­zen­ship ap­pli­ca­tion process as well as concierge ser­vices and sup­port after a client’s res­i­dence or cit­i­zen­ship is granted.

“Work­ing in col­lab­o­ra­tion, then, Pam Gold­ing Prop­er­ties and Hen­ley & Part­ners is able to sig­nif­i­cantly ex­pand the op­tions for wealthy in­di­vid­u­als and their fam­i­lies to se­cure their fu­tures while di­ver­si­fy­ing their port­fo­lios.”

PHOTO: SUP­PLIED

Berea Pam Gold­ing Prop­er­ties fran­chise hold­ers Dina and Fred Soukop. Pam Gold­ing Prop­erty’s in­ter­na­tional di­vi­sion has part­nered with in­vest­ment mi­gra­tion firm Hen­ley & Part­ners.

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