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The Web Machine is an experienced website design and web development company with a professional white glove service. Our team is young and creative, but experienced and focused on exceptional service and ongoing dedicated support to our clients.

Mission Statement

Our mission is to design websites that are beautiful to look at but easy to use and functional on all mobile devices.

We also focus on developing websites to serve the needs of the client’s business with a high end CMS platform that makes it easy for the client to manage the website, but flexible enough to grow and adapt to the companies needs.

Goals

We aim to provide our clients with above the bar service and support through a close personal, but professional relationship so that we can best understand what our clients need are.

A Property Portfolio Acquisition | Transcend Residential Property Fund Limited

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Transcend Residential Property Fund Limited (“Transcend”) is listed on the JSE’s AltX and is a Real Estate Investment Trust (REIT) which owns a property portfolio of 22 directly-owned properties valued at R2.72bn located primarily in Gauteng and the Western Cape, South Africa.

Tenurey BSM Property Advisory acted as sole corporate advisor and bookrunner to Transcend in relation to its acquisition of 2,159 residential units spread across a portfolio of eight properties (with a weighted average yield of 9.87%) for a total purchase consideration of R1.27 billion (the “Transactions”). The Transactions were funded 40% with equity (fully committed and underwritten) and 60% with debt and were effective from 1 December 2018.

The Transactions are consistent with Transcend’s stated growth and investment strategy of acquiring yield accretive residential properties, with a focus on housing opportunities which are affordable and lifestyle enhancing, and located in well-situated, high growth urban areas.

Tenurey BSM is a Southern African property advisory company that offers a complete real estate offering to its clients. We provide a full scope of corporate finance and property specific services to listed and unlisted clients focusing on inter alia:

– M&A advisory;
– Disposals;
– Capital raising; and
– Comprehensive due diligence investigations
 

Tenurey BSM Property Advisory