Canprop Group was founded in 2005, by three property industry veterans who have over 40 years of combined experience and have worked together for more than 13 years. They are joined by an administrative team consisting of an equally strong group of individuals who bring significant business skills and experience to further develop the company. The purpose was underpinned by the principle of transforming distress properties and identify land into quality properties with marketing potential thereby capitalizing on the value-added growth of the property value. To achieve its purpose within the framework of its values, Canprop Group invested in properties situated in major urban areas, with an emphasis on residential properties, but diversified with a few commercial properties as well. The portfolio and business practice have continued to grow through the years and had diversified into a multipurpose property company. Our profile has grown from enhancing distress properties to rezoning development land into commercial and residential as well as the construction of residential properties market.
The company is now multi-faceted Property practice, where in the past have concentrated on bulk speculation and in time have evolved build up a portfolio of various Residential and Commercial, fully tenanted properties. The incremental growth of our services offering has stimulated the growth of the company over the period of 9 years and enabled us to act on other development opportunities in the South Africa property market. Canprop Group is efficiently managed by a small and focused management team, and the company operated with a very low cost-to-income ratios in the property sector. The company has a very conservative approach to debt, generally maintaining a very low gearing ratio. The approach has underpinned the growth of capital and equity within the company and empower continuous reinvestment of capital by the Directors of Canprop Group. Canprop Group has become a leader in the Gauteng property market especially in the distressed property space and are renowned by Agents, Attorneys and Auctioneers for the company’s ability to financial perform and its ethical approach these factors further enable Canprop Group to grow in a sustainable manner.
