HAVAÍC has acquired a 10% equity stake in Instant Property Rentals Holdings (Pty) Ltd, trading as Instant Property, with an allocation for follow-on funding at Instant Property’s option. If the option is exercised, HAVAÍC will hold in total up to a 17% equity stake. The acquisition will help Instamt Property to scale up both locally and internationally.
HAVAÍC’s Executive Director Grant Rock has joined the Instant Property board in a non-executive capacity.
Instant Property has positioned itself at the center of the online commercial property sector in SA and Africa with over 9 million m2 of commercial property space listed and over 2.5 million m2 of office, warehouse and retail space currently available for sale and to let.
Instant Property is free for the tenant. Business owners can log on to www.instantproperty.co.za, find space that match their business specs and Instant Property sets up immediate site viewings, while answering all the relevant questions relating to renting the space of interest.
The power of their marketplace stems from their innovative technology’s ability to service tenants, brokers & landlords through their proprietary big data commercial property platform with a built in CRM system and machine learning capabilities uniquely designed for commercial property management, rentals, sales and a market first online and mobile app auction platform across Africa.
Landlords and large brokerages have the added possibility of white-labelling and customising the Instant Property suite of commercial property technologies delivering a robust, centralised data rich property management & online listing environment.
In the local and international context, digital strategies in the commercial property sector have become increasingly relevant, with Instant Property being well placed to deliver innovative technology solutions needed to enhance clients and business performance in SA and the rest of the continent.
In a statement, Instant Property’s founder and executive chairman, Wayne Berger said: “We are fortunate to already service a wide variety of clients including Nasdaq and JSE listed Real Estate entities, to commercial and residential brokerages wanting to enhance their businesses bottom line through technology without the heavy cost and complications of having an in-house technology team.”