| Subsidiaries | |
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Formed in June 2000, Crowie Projects initially focused in the construction project management arena, but in April 2002, the company responded to the needs of the marketplace. This remains the largest black - owned project management company in South Africa. Crowie Projects was retained as a separate entity, but changed its focus to identifying property development opportunities and then following through to realise the successful completion of these projects. The company is proud of its status as a leading property developer and full turnkey solution provider, offering highly specialised skills and significant resources to both its development and construction clients. |
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A purely construction-focused company, Enza Construction was formed in 2003 to capitalize on opportunities being created in the market. With substantial capacity and a sterling reputation built on its ability to execute large projects, Enza Construction remains one of the largest black-owned construction companies in South Africa. This solid background has led to the company enjoying an average year on year growth in turnover of approximately 180%, positioning it to take on sizeable construction projects across the country. |
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Focus Project Management was formed in April 2002 following the successful merging with Crowie Projects. The merger was due to a need to create critical mass required to undertake large capital projects. Focus Project Management has the resources and skills to undertake large projects nationally. Their services have been successfully applied in various industries including mining, manufacturing, housing, retail, medical, tourism, transport and training sectors. |
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Crowie Concessions
Crowie Concessions was established in May 2009 and participates as a shareholder in a private party consortium contracting with government on public private partnerships (PPPs) which include Office accommodation e.g. Dti Campus, Hospitals e.g. Chief Albert Luthuli Hospital, Correctional Centres e.g. Mangaung Prison, Toll roads e.g. N3 Highway. |
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Crowie Rail
Crowie Rail was established in 2009 and participates in rail related projects. Crowie Rail’s project portfolio includes The Bridge City Shopping Centre Station and 5km Rail Link. |
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Azarin Asset Management
Azarin Asset Management is a wholly owned subsidiary of Crowie Holdings and was formed in 2010. This is a dedicated asset management company for purposes of strategically managing the Property Fund that is predominantly owned by PDI’s. It involves the effective management of property assets. The iinitial property portfolio includes Bridge City Shopping Centre and Lillipark Office Park. |
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Crowie Holdings recently acquired a 51% stake in Standard Electrical. A well-established business which has been in existence for over 60 years, the company is involved in all facets of the electrical engineering and contracting field, specialising primarily in the commercial and industrial building industry. Standard Electrical's operations cover a number of general and specialised fields including office buildings, shopping centres, hotels, industrial buildings, hospitals, housing and apartment complexes. The company has a reputation for offering personal service and fostering good client relationships. This is evident from its long-term relationships and the repeat work it handles for various clients and consultants. The company prides itself on its high quality and standard maintained in its electrical installations. |
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Crowie Holdings recently acquired a 51% stake in PACE Property Group, a fully-fledged property services organisation which offers an industrial, commercial and retail property brokerage. PACE Property Group – which has operated successfully since 1976 – also offers property management, property investment, auctions, residential sales and valuations specialists as value added services to its clients. The group's services are offered through six different services. PACE Broking focuses on the lease, sale and development markets across industries. PACE Investment was formed to fill a gap in the professional services available to property investors in both South Africa and the rest of the continent. Its function is to assist the investment community to effectively place funds. PACE Property Management actively manages retail, commercial and industrial properties located in prime urban areas. It currently has R1.5 billion under management and is aggressively growing this base. PACERez focuses on residential property sales and developments which include both building conversions and new developments. PACE Valuations focuses on commercial, industrial and residential valuations. PACE Auctions was established to efficiently and fairly dispose of or acquire fixed assets. |
| Investments | |
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In March 2007, Crowie Holdings sold its 50% stake in Ruthcon Civil Contractors to Sanyati Holdings, an JSE listed civil construction group. This transaction saw Crowie Holdings acquire a significant shareholding in Sanyati Holdings further extending its service offering. |
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Azarin Property Fund
Crowie Holdings, a promoter of the privately-held property fund focuses on holding commercial, industrial and retail properties, redeveloping underperforming assets on a turnkey basis. Azarin Property Fund will begin trading with an estimated property portfolio of R830 million. |
