Engel & Völkers Southern Africa have experienced exceptional growth this year and the good news continues with yet another licence sold. Peter Schubach & Justine Russell, who bought the Parks licence in February of this year opened their first signature shop on 06 July, and are already seeing the success of their efforts.
This has sparked the interest in growing their portfolio in the Engel & Völkers family, and took the step by signing the licence agreement for the Houghton area in August 2015. The Houghton Licence includes the suburbs of Abbotsford, Houghton Estate, Killarney, Oaklands and Riviera. The territory comprises 7.2%estates, 38.5% freehold properties and 54.2% sectional titles.
Houghton is an extremely wealthy suburb of Johannesburg, with the most famous resident being Nelson Mandela who owned a home in the area. Besides Nelson Mandela's home, upper Houghton contains many buildings and houses of historical value to Johannesburg. The suburb of Houghton is currently experiencing rapid redevelopment and growth. This redevelopment is sanctioned by the City of Johannesburg's Regional Spatial Development Framework. The City sees many positive aspects to the redevelopment as well as continuous growth.
Houghton boasts plenty of lavish upper class homes and a few tall residential buildings. It is a quiet suburb where people enjoy their idyllic surroundings. Houghton is home to a spectacular golf course boasting large, undulating and green hills as well as lush foliage. The amenities here are superb. One can snack at the bar, enjoy a gastronomic meal at their restaurant or enjoy a challenging round of golf.
“We are very fortunate to have Peter & Justine expanding their reach as they are a true asset for the brand” says Craig Hutchison, CEO of Engel & Völkers Southern Africa. He concluded by saying that this is where their focus lies at the moment – be bring the quality of service and sophistication to every area so that all clients can experience the best that the industry has to offer.