PROFILE: Growthpoint Properties CEO Estienne de Klerk
Covid-19 has thrust this property guru into the limelight. He talks to the FM about the future of the sector, the pros and cons of working from home and the power balance between landlords and tenants
Estienne de Klerk has become the one-stop contact for the property industry at a time when the sector is facing the biggest challenges of a generation.
Listed property is the worst-performing asset class for the year to date, though it has risen by a whopping 25% in the past week. The impact of the pandemic looks set to dampen demand for office space as more people work from home, and SA’s oversaturated retail space will have closures coming fast and furious, with no sense of who will pick up the surplus...