At International Housing Solutions (IHS), we finance the development of energy efficient, affordable housing communities.
We recognize the need to both create viable housing investments and provide broader community infrastructure with easy access to schools, shops and work opportunities.
Established in 2005, the IHS Group is a pioneer in the green affordable housing sector and has built a strong reputation by successfully financing the construction and delivery of new homes while building sustainable communities. We have established long-term partnerships with key stakeholders, which allows us to bring together the necessary elements for creating successful investments in the affordable housing market. Furthermore, our relationships have enabled us to create a strong pipeline of prospective investments in the regions we operate in.
As a pioneer in the sector, the IHS Group was the first to deliver certified green affordable housing in Africa using the IFC EDGE certification tool and continues to deliver climate-friendly housing. The IHS Fund II is expected to deliver about 9,000 green units to the housing market having a positive impact on both the environment and the families occupying our homes.
The IHS Group has a strong skills base with more than 250 employees covering Investment Management, Property Management and REIT Management across the four countries in which IHS operates. The Investment and Asset Management of the private vehicles is made up of around 50 employees and continues to grow as more investments are closed, while REIT Asset Management has its own dedicated team consisting of four employees. IHS Property Management has the largest staff base with over 200 employees and growing as more homes are delivered.
The IHS Group consists of the following key entities: IHS South Africa, Namibia Housing Solutions, Kenya Housing Solutions, Transcend Asset Management and IHS Property Management
IHS South Africa
The IHS Group has been operating in the affordable housing and private equity space in South Africa since 2005. In 2020, the IHS Group took the decision to restructure its business in South Africa in line with South African empowerment legislation. It therefore established a new asset management business, International Housing Solutions South Africa (“IHS SA”). IHS SA is a partnership between the IHS Group and the senior black staff who have been with the organisation and who understand the market well. The South African local investor market landscape is better suited for an empowered manager which allows for deeper access to local pension fund capital. Going forward, IHS SA will be the Investment Manager for all vehicles relating to the IHS Group in South Africa. To ensure continuity of resources and skills, IHS SA has full access to the staff, systems and processes of the wider IHS Group. IHS SA is headed up by Solly Mboweni who has been with the IHS Group since 2014 when he joined as the Head of Housing Operations.
Namibia Housing Solutions
Namibia Housing Solutions (“IHS Namibia”) was established in 2014 as the Investment and Property Manager for all investments under the IHS Fund II SSA fund with a focus on investments in Namibia and Botswana and will serve as the Investment Manager for all vehicles in these regions. IHS Namibia has an established office in Windhoek with a growing staff component of more than 25 employees between the Investment Management and Property Management teams. Staff are all sourced locally and IHS Namibia has full access to the staff, systems and processes of the wider IHS Group with continuous skills transfer taking place. IHS Namibia is headed up by Henk Snyman as the Country Manager and who is a well experienced Senior Development Asset Manager within the IHS Group.
Kenya Housing Solutions
Kenya Housing Solutions (“IHS Kenya”) was established in 2020 as the Investment and Property Manager for all investments under the IHS Kenya Green Affordable Housing Fund with a focus on investments in Kenya and will serve as the Investment Manager for all vehicles in this region. IHS Kenya has an established office in Nairobi with a growing staff component of seven employees. Staff are all sourced locally and IHS Namibia has full access to the staff, systems and processes of the wider IHS Group with continuous skills transfer taking place. IHS Kenya operations are headed up by two country Managing Directors, Peter Mayavi and Kioi Wambaa, who were appointed in 2020 and are members of the IHS Senior Management Team. In addition, an Asset Manager, Investment Manager, ESG Manager and an Office Administrator were also appointed between 2021 and 2022 with further resources to be appointed as progress is made on investments in the region, including a large property management team.
Transcend Asset Management
Transcend Asset Management was established in 2016 as the dedicated Asset Manager for the Transcend Residential Property Fund REIT which is listed on the Johannesburg Stock Exchange (JSE). Transcend Asset Management is headed up by Myles Kritzinger as the Chief Executive Officer and who has been with IHS since 2014. The entire team consists of a further three employees being the CFO, Asset Manager and the Financial Manager. For further details on Transcend visit www.transcendproperty.co.za
IHS Property Management
IHS Property Management (“IHS PM”) was set up in 2015 to support IHS Groups operations and is wholly owned by the IHS Group. IHS PM is the dedicated property manager to all IHS Group managed investments with already established operations in South Africa, Namibia and Botswana and future operations to be established in Kenya once investments are delivered. IHS PM has built systems for functions including: marketing; tenant sourcing and vetting; sales; building and facilities management; credit control; financial and administration including regular reporting to IHS Group Asset Management. At present, IHS PM has a growing staff of over 200 people and manages over 13,000 rental units across Sub-Saharan Africa. IHS PM is headed up by Stephanie Botha as the Managing Director who joined IHS PM in 2013. For further details on IHS PM visit www.ihsproperty.co.za