It is with profound sadness that we share the news that Molefi Thulo has passed away. This ever humble, always inspirational human will leave a massive hole in the industry that he loved so much, and to which he gave so much.
Creative intelligence group, ADNA (Audience DNA) is expanding into Africa with their new regional headquarters in Cape Town. The agency officially launched here in January this year with a full-service team including data, creative and strategic consultancy, consumer and market insights.
Much like its iconic advert 'it's not inside, it's on top' which portrayed an insightful observation of people's responses from all races, ages and genders; Nestlé Cremora, a local favourite coffee and tea creamer, remains an unforgettable brand, more so in light of its strong heritage with South African consumers.
Geneva-based property investment, development and asset management business RE Capital, and Neworld, a European-domiciled property development company, have launched a joint venture called Reward Properties. The new company offers investors the opportunity to buy into the high-end residential Portuguese real estate market.
LX Living, Lisbon Portugal
The two companies first worked together in 2019, developing residential and mixed-use projects in Lisbon. The partnership’s first project was LX Living, a €90m, 150-unit mixed-use development in Amoreiras, Lisbon.
In addition to LX Living, Reward Properties has in its current portfolio two development sites in Marvila, Lisbon, where a total of 300 apartments will be built over the course of the next four years, and a further site in the Algarve, Southern Portugal, which will add another 43 villas to the company’s portfolio. The gross development value of the current Reward Properties portfolio is approximately €300m.
Skybound Capital, a London-based global wealth management business, will be Reward Properties’ official finance partner.
Marvila Collection, Lisbon Portugal
Newman Leech, co-founder and CEO of RE Capital, commented: “By combining to create Reward Properties, we have discrete but complementary capabilities, and we are delighted to be on a journey together, building a new venture which we believe offers something quite compelling to investors.
John Rabie, founder and chairman of Neworld, added: “Following the success of our initial partnership, it made strategic sense for us to commit to a joint destiny and to create a new offer that combines our skill sets, joint resources, technical expertise, and access to markets - all of which add great value for our international investors, especially those who might be buying property internationally for the first time.”
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