MULTI-BILLION RAND PROPERTY DEVELOPER BOOSTS CLARENS ECONOMY WITH EXCLUSIVE MOUNTAIN ESTATE

PRESS RELEASE
14 August 2014

Fine & Country International Realty has been awarded the sole mandate on a beautiful development in Clarens, fondly known as the jewel of the Free State.

According to Sean Moore, CEO of Ziegler SA (Pty) Ltd, he made many trips to Clarens before the investment opportunity in Clarens Mountain Estate materialised. He adds, “There is something unique about Clarens. It has soul. Its surrounding beauty; the sense of remoteness, yet only being a quick drive from Johannesburg, Durban or Bloemfontein; the friendly and tight knit community; its magical charm – from the cute little coffee shops to the numerous quirky art galleries. To have the opportunity to visit or live, nestled at the foot of Mount Horeb, with a sense of freedom, calm and safety this little town imbues, is as close to heaven as one can get.”

Co-developer, Wayne Plit, CEO of the AFHCO Group, owns, develops and effectively manages inner-city residential, retail, commercial and light industrial property for rental purposes. The AFHCO group is the leading Johannesburg inner-city property investment and management group, and is also one of the longest performing developers in the inner city.

Wayne Plit, who has one of the largest collections of classic sports cars in the country, was invited by BMW South Africa to attend the Mini 50th anniversary in Clarens in 2008 and showcase a beautiful and unique Mini Cooper S that belonged to John Cooper personally. The experience ignited a passion for and connection with Clarens, being an ideal location for hosting the many motor cycle and classic car club weekend visits and scenic Golden Gate drive throughs.

AFHCO, founded in 1996 by Wayne Plit, has a portfolio of more than 5 000 residential apartments in 33 buildings valued at about R1.47 billion.

Stands on this full title development scheme range from 1 289 sq m at R700 000 including VAT to 2 474 sq m at R1 250 000 including VAT, conveyancing fees, Deeds Office fees, postage and petties.

Costs and charges (subject to change) that will be incurred by owners are a monthly levy to the Home Owner Association of R1 400, rates to Dihlabeng Municipality and water and electricity consumed by the owner and the estate.

According to Linda Erasmus, CEO of Fine & Country International Realty sub-Saharan Africa, affluent people all over the world, group together when it comes to buying property. Security and privacy are key-factors for those individuals. It always starts with one person discovering the spot and the others following to have those benefits. Clarens Mountain Estate is one of those pockets in South Africa, which compete well with similar pockets offering the sea instead of the mountains, such as the V & A Waterfront, Porto Banus in Spain and others.

Readers requiring more information can contact Karin Schwim onkarins@fineandcountry.com or Melanie David on melanied@fineandcountry.com or mountainestate@fineandcountry.com or visit www.fineandcountry.com

ENDS

ISSUED BY
Hare & Ehrenberg Communication
P O Box 12521 MILL STREET 8010

ON BEHALF OF
Fine & Country International Realty
29 Autumn Street RIVONIA 2128

For further information, please contact Rosemary Hare on (021) 438 7013 or 082 459 6226.

BACKGROUND INFORMATION
Conveniently situated three hours from Johannesburg, Bloemfontein and the Natal Midlands, Clarens offers the best of country cuisine, art, adventure, luxury and budget accommodation, shopping, pubs, brewery festivals, conferencing and wedding venues, golf, dinosaur walks, horse riding, white water rafting, hiking and biking, fishing and relaxation in central South Africa. Clarens is big sky country with breath-taking mountain view, blue skies year round and a constellation of night stars to charm you. Even the legendary Clarens winters are a reason to celebrate life and love in front of a blazing fire. A stepping-stone to skiing and adventure in Lesotho, Clarens has charmed generations of visitors with its big-hearted welcome. Challenge nature on well-mapped mountain trails, browse over 20 art galleries, ride the white water of the Ash River or while away a lazy afternoon in the brewery. Clarens has something for everyone – and a whole lot more.