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Shree Property Holdings
Building on a strong foundation of family values Written by: Abigail Phillips Produced by: Dennis Morales
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Shree Property Holdings Unilever’s new storage facility located next to their indonsa plant in riverhorse valley
Technology, continuous improvement and a family orientated culture sets Shree Property Holdings in good stead for future growth
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F
ounded in 1980 by husband and wife duo Pran and Annisha Shree, Shree Property Holdings is a family owned and operated business. The family owned business was born out of a retail butchery and evolved into a distributor of local and imported meat products in the region, however in 1999 the family recognised an opportunity in the market and diversified into the cold storage of citrus products. The citrus division of the business was successfully able to secure the two largest clients in the industry - Dole SA and Capespan - and these relationships catapulted the company into the spotlight. That being said the cyclical nature of the citrus season meant that for six months of
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“We are constantly striving for excellence in terms of methodology, technique and efficiency” – Pran Shree, CoFounder & Ceo of Shree Property Holdings
the year, the company’s warehouses were vacant, which steered it towards the option of letting its facilities to short-term clientele. “The clientele we attracted included large food and beverage brands like Tiger Brands and Brandhouse as well as bulk storage of sugar and grain products with the likes of Tongaat Hullet Sugar. This was possible because our citrus facilities were designed to store food graded products under the EU, EuroGAP and PPECB, HACCP and ISO 22000 approved standards. This in essence fueled our passion and drove us directly into the property development space. We purchased buildings, demolished and custom built them to food graded warehouse standards,” w w w. s h r e e p r o p e r t y h o l d i n g s . c o m
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Cousins Steel International (Pty) Ltd (CSI) is a Durban-based company, specialising in the design, supply and erection of high quality steel structures. Current work ranges across a variety of industrial applications, including warehouses, factories, and cold storage facilities. info@cousinssteel.co.za www.cousinssteel.co.za
supplier profile
cousins steel international
One of the latest completed projects by Cousins Steel International (CSI) is situated at King Shaka International, in the Dube Tradeport. Designed in its entirety by the team of in-house engineers, the steel frame spans 96m with two internal columns, whilst the roof covers just over 12,000m2, making this a highly functional facility in prime location. With internals at just over 13m, the warehouse has areas over 1,200m2 without any obstructions. An interesting aspect of the construction phase was the use of Voidcon composite decking in the office slab, significantly reducing construction time, whilst keeping within the design, and architectural parameters. With the previously mentioned in-house team, CSI undertakes to design, detail, fabricate, supply and erect the super structure as well as all cladding, doors, louvres and associated items. Along with the stated scope of work, all concrete, stormwater and required design is handled by the CSI team as an added benefit to the client. The client has recently tenanted the warehouse out to global industry giant Samsung, who have subsequently taken beneficial occupation, and started production in the port. Structural Steel Supplier:
Cousins Steel International
Design Engineers:
Cousins Steel International
Developer:
Shree Property Holdings (Pty) Ltd
Building Contractor:
Various
Tenant:
Samsung
For more information, please contact: info@cousinssteel.co.za
> Corporate and Investment Banking
STRONG RELATIONSHIPS ARE BUILT ON SOLID FOUNDATIONS We know the importance of relationships. Working together allows us to understand your needs so we can offer the best real estate solutions for you. With over 152 years of banking experience, this is how we’re moving real estate forward.
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Authorised financial services and registered credit provider (NCRCP15). The Standard Bank of South Africa Limited (Reg. No. 1962/000738/06). SBSA 174809 – 10/14 Moving Forward is a trademark of The Standard Bank of South Africa Limited
Shree Property Holdings explains Pavan Shree, Chief Marketing and Sales Officer at Shree Property Holdings. In 2007, the company was officially established as a property development company and today, has an extensive property portfolio in Durban comprising of 56 properties. Shree Property Holdings industrial portfolio extends across Durban and the company is currently headquartered at Dube TradePort, in the vicinity of King Shaka International Airport. The majority of its industrial properties are densely concentrated alongside the Durban Harbour and the newly proposed Dig out Port. Since becoming a property development company, Shree Property Holdings has diversified its client portfolio to include blue chip companies, automotive manufacturers and logistics providers
supplier profile
co n st r u ct i o n
Inside the cold room storage of Beacon’s Chocolates
Standard bank
Standard Bank Real Estate Finance, a division of Investment Banking, has the largest dedicated real estate platform of any financier in subSaharan Africa. We provide financing in all areas of the real estate sector and are committed to providing funding via a variety of solutions specific to the needs of our clients putting them at the forefront of their real estate initiatives. Gary Garrett, Head: Real Estate Finance Email: REFQueriesSA@standardbank.co.za Website: www.standardbank.co.za/cib
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Shree Property Holdings
uti logistics facility
‘Shree Property Holdings has a reputation in the region for developing and maintaining AAA grade, new generation warehouses’
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as well as food and beverage clients. This vibrant tenant profile includes the likes of Unilever, Volvo, Samsung, DHL, Tongaat Hulets Sugar and Katoe Natie just to list a few. Providing world-class storage solutions Shree Property Holdings has a reputation in the region for developing and maintaining AAA grade, new generation warehouses. The company prides itself in providing its clients with complete turnkey storage and logistics solutions, including customisation of facilities for individual tenants. Shree Property Holdings has undergone intensive research and development studies in order
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to develop spaces built for maximum storage flexibility and efficiency – for example, each layout incorporates open span design and ideal flow within the warehouse to enable maximum usage of the floor area, which in turn assists and creates greater efficiencies in the operation of their client’s business. Furthermore, the company has its own bespoke in-house construction division – Shreeprop – which helps ensure that all new developments are built to plan in a cost effective and timeous manner, further guaranteeing that the quality of materials and workmanship is at its finest. It is this factor that enhances the reputation and the ability
Large overhang constructed to allow for a covered loading space
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Shree Property Holdings for Shree Property Holdings to build AAA grade warehouses quicker than most.
We put our logo’s on all our properties to show ownership and quality of our products which our company prides on
Continuous improvement Quality and meticulous planning sets Shree Property Holdings aside from the competition and this underpinned by a culture of continuous improvement. “We are constantly striving for excellence in terms of methodology, technique and efficiency,” says Pran Shree, CEO and CoFounder. “We work hard to create productive environments for our tenants using the latest technology.” Shree Property Holdings is a firm believer in technology, as well as deriving benefits from adopting the first user advantages of it, therefore strategically continuing to invest in such to ensure its systems are up to date. “In the citrus business
The Shree Property Holdings development & construction team
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co n st r u ct i o n
we have been using a wireless, handheld based warehouse management system that has enabled us to load the correct pallet out and at the right time based on all the different variables like FIFO, Count, Grade and Target Market. This system has had many revisions over the years and has also been replaced and reengineered a few times as our business grew,” says Mayur Shree. “On the property side we are constantly reengineering our intranet and Microsoft SharePoint Services as connectivity and different platforms evolve. This ensures that all our staff members are constantly connected and informed on the different sites and scope of work that we are busy with. We employ Microsoft Project Professional and Autodesk’s Building Design Suite which has increased our turnaround times and improved our accuracy in all projects from planning to completion,” he continues. The company has also developed its own Shreeprop app, which allows tenants to log enquires instantly with the property management team and expect responses immediately in real time. Corporate social responsibility Technology is not the only driving force behind Shree Property Holdings as an organisation. It is also dedicated to implementing world-class CRS initiatives. “Corporate social responsibility is very important to our company and resonate directly with our core values,” explains Sanam
Key Personnel
Pran Shree Co-founder & CEO 30 years of experience in the Cold Storage and Food Industry 10 years of experience in the Property Development Industry SAPOA member Durban Chamber of Commerce Member
“We work hard to create productive environments for our tenants using the latest technology” – Pran Shree
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Shree Property Holdings
Our plant and transportation equipment owned and managed by our construction and development team
“The origin of the Shree Future Foundation relays back to Shree Property Holdings core values” – Sanam Shree, Chief Strategy and Investment Officer 14
Shree, Chief Strategy and Investment Officer. “The company has always supported various charitable organisations, and has a large involvement with Soroptimist International, Durban Club because of the affiliation of our CFO, Annisha, who was the club’s Immediate Past President. Shree Property Holdings and Soroptimist International, Durban Club have formed a partnership in The ‘Adventure into Adulthood’ project and it was this integration that
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brought about ‘The Shree Future Foundation.’ “The origin of the Shree Future Foundation relays back to Shree Property Holdings core values of empowerment, innovation and creating a sustainable and better future for our children of tomorrow and the less fortunate. The organisation wishes to educate a university student by providing the potential candidate with the opportunity and funding to study and educate her/himself further. One hundred Grade w w w. s h r e e p r o p e r t y h o l d i n g s . c o m
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Shree Property Holdings
Warehouse facility occupied by s.a. Landside Logistics
The warehouse has a 20,000 m2 storage capacity
11 students from disadvantaged backgrounds undergo stringent written and oral tests in order to qualify for the grant. The successful student will then be awarded a bursary to study at a tertiary institution. Voluntary educators will provide arms of support and mentorship from both the Soroptimist Club and the Shree Family.� The company aims to grow this foundation to a larger scale over the next few years and truly values corporate social responsibility and believes in giving back to the communities in which it operates. Family values rule the day The company isn’t only dedicated to helping those external of the company. Being a family run business, Shree Property Holdings views its staff compliment as being part of their greater family, whilst firmly adopting the ethos of a corporate structure. It is also important to note
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Company Information Industry
Construction headquarters
La Mercy, South Africa founded
2007
that it is passion and dedication that largely fuels the business. All five family members oversee different arenas of the business and work largely to complement each other with their talents and skills. This display of their complimentary skills will be well executed in the roll out of Shree Property Holdings Africa. Whereby Shree Property Holdings is internationalizing the business and increasing its African footprint in the SADC regions. The first step in the Company’s global movement will be via Mauritius. This has also been an easy process due to the fact that their Blue Chip tenants are requesting space in these SADC countries. “We put our family name to our brand,” says Pran Shree. “A constant goal that we strive to achieve is to add value to our clients and their business. Being a young player in the property market, it is worthy to note that for the Shree Family this is just the beginning,” he concludes.
employees
250 revenue
Not disclosed products/ services
Property Development, and Warehousing
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Shree Property Holdings Address 29 South, 7 Umsinsi Junction, La Mercy, KwaZulu Natal, South Africa 4039 Tel. (031) 274 5000 / Fax. 0867196030 info@shreepop.com www.shreepropertyholdings.com