Preferred Management Services has a strong track record in the area of infrastructure and property development, as well as project management in general.
Preferred Management Services recently received an N$250 million mandate from the Government Institutions Pension Fund (GIPF). This was done in the context of a change in the GIPF’s investment guidelines aimed at playing a more proactive role in economic development in Namibia.
Vision
To be the preferred property development service provider in Namibia
Mission
To enhance the living standards of Namibia by facilitating the procurement of property and the provision of efficient and effective services to investors
Values
PMS subscribe to the following values:
We earn investor trust driven by integrity and transparency; we have nothing to hide and are open to criticism
We ascribe to good governance practices, quality and exemplary leadership
We support accountability by taking responsibility for our action
We promote efficiency and effectiveness to ensure that our customers and investors get the best value for their money
Preferred Management Service Directors
Back (from left to right): Mr M.Cioccolanti | Mr J. Nghifindaka | Mr J.Hill Front (from left to right): Mr H. Theodore | Ms L Shipena | Mr F. Tait | Mr M.Ngapure
News
Osona Village a shining light for housing in Namibia19 Nov 2014
Ground was broken today on a new housing development on the outskirts of Okahandja by the Preferred Investment Property Fund (PIPF). The Osona Village Development is a project funded by the PIPF, the company that manages an investment of N$ 250 million made by the GIPF to Preferred Management Services...
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About PIPF Trust
Preferred Investment Property Fund (PIPF) was initialised with a capital commitment of N$250 million from GIPF in 2011.
Investor Participants of the Fund:
GIPF (subscription 99%)
PMS (subscription 1%)
Capital commitment SOLELY targeted at property and civil infrastructure development in the 14 regions of Namibia.
PIPF Trust Governance Structure
Legal structure: Bewind Trust Investment securities: Unlisted property development projects Geography: 14 regions of Namibia Trustees: Appointed by investment participants
Investment Committee
Fund Managers: Contracted to establish and manage the Trust on a commercial basis within the parameters of the Investment Charter.
Beneficiaries:
Principal beneficiaries – GIPF subscribers (civil servants)
Downstream beneficiaries – Local authorities, Property developers, contractors
PIPF Operational Structure
PIPF Investment Objectives
Invest funds in development projects in such a way that the Fund makes a tangible and visible contribution to the Namibian economy through revolving property and civil infrastructure investments
Generate acceptable short, medium- and long-term returns comparable with other Southern African investment opportunities
Help develop a private equity industry and mentality in Namibia with a long term vision for the private equity industry in Namibia
Support the creation of social and economic upliftment in Namibia through investment and development in underdeveloped and previously disadvantaged areas
Ensure that a good geographical spread and balance exists between development in underdeveloped areas and more established nodes
Develop working relationships with Regional/Local authorities throughout Namibia;
Generate a commercially sustainable return
Support and endorse responsible environmental behaviour in all investments; and
Ensure that all underlying investments made in projects have complied to the principles of Black Economic Empowerment and that each project shows a satisfactory degree of BEE involvement and participation to the satisfaction of the Governing Board.
