Fortress REIT and Property Point partner to accelerate small businesses growth
Leading small business accelerator Property Point, a Growthpoint initiative and JSE-listed property group Fortress REIT Limited have partnered to roll out an enterprise and supplier development programme in the property sector.
Fortress will develop small black businesses using the Property Point performance programme and also support linkages, of qualifying businesses, with procurement opportunities within the group.
Named 2018 Accelerator of Year, Property Point was launched by Growthpoint in 2008. In just over a decade, Property Point has facilitated market opportunities worth R1.4bn for the 173 SMEs that have taken part in its two-year enterprise and supplier development programme. The programme has helped to create more than 2500 full-time jobs and SMEs on the programme report average revenue growth of 39%.
“We are delighted to welcome Fortress to Property Point’s growing network of partners who are not only committed to transformation through crucial enterprise development but are actively achieving it,” said head of Property Point and Growthpoint Corporate Social Responsibility, Shawn Theunissen. “With this investment Fortress is demonstrating that it is committed to transformation and will play a significant role in building better businesses in the property sector.”
Jodie Ellinor-Dreyer, from Fortress expressed that the company is passionate about assisting small businesses to grow and reach their potential. “We are very pleased to partner with Property Point and their award-winning programme. We are looking forward to making a significant difference by equipping small businesses owners and contributing to the transformation of our country.”
As part of the programme, qualifying businesses will be put through a two-year business support programme that helps businesses compete on merit. The programme provides extensive insight to becoming market and funding ready, giving owners the tools to strengthen their businesses to access new opportunities within the property sector.
“Our collaborative approach has a multiplier effect on successful transformation, small business development, unlocking supply chain opportunities and creating jobs. We have noted far-reaching positive impacts for everyone directly involved, the property sector and the South African economy”, said Theunissen.
Property Point’s partners span both private and public sectors and include Growthpoint Properties, Attacq Limited, Fortress REIT Limited and the Department of Small Business Development and Small Enterprise Development Agency (SEDA).