HAVAÍC invests into commercial property platform Instant Property
HAVAÍC has signed an investment agreement with Instant Property Rentals Holdings (Pty) Ltd, trading as Instant Property (www.instantproperty.co.za). HAVAÍC has advanced the first round of financing, for which it has acquired a 10% equity stake, 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.
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.
Instant Property’s founder and executive chairman, Wayne Berger states: “the enthusiasm and adoption of Instant Property from the South African and African real estate sector has been overwhelmingly positive with many of our clients stating that Instant Property is the commercial property platform they have been waiting for! 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.” Berger further elaborates: “we searched long and hard for a partner in South Africa who understands the Venture Capital sector as well as shared our ambitious vision for Instant Property and the HAVAÍC investment has come at the perfect time as we continue to scale up the business both locally and internationally.”
HAVAÍC’s Executive Director Grant Rock, formerly at Zenprop and Bowmans, has joined the Instant Property board in a non-executive capacity, and comments: “We are very excited to be partnering with Instant Property who are pioneers in the online commercial real estate sales, rentals and auctioning space. In recent years we have seen significant investment in this space both from existing players as well as international investors and believe that the Instant Property market place is the missing link in a sector that is ripe for disruption.”