Jooste’s Hermanus home sold for Voëlklip record of R105m

Key topics:Historic Voëlklip estate in Hermanus sold for record R105 million.Investors plan long-term strategic development of iconic property.Hermanus luxury property market sees strong local and international demand..Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox every morning on weekdays. Register here.Support South Africa's bastion of independent journalism, offering balanced insights on investments, business, and the political economy, by joining BizNews Premium. Register here.If you prefer WhatsApp for updates, sign up to the BizNews channel here..Seeff Hermanus has concluded one of the most significant residential property transactions in the history of Hermanus with the sale of the historic Voëlklip property (two plots of 7,000 square meters in total with extensive buildings) long associated with the Rupert family and, more recently, the late Markus Jooste. The properties, regarded as some of the most recognisable estates in Hermanus, have been acquired by investors who view the assets as a long-term strategic holding. The buyers are currently investigating various options to optimise the properties in a manner which restores and enhances their value while contributing positively to both the Voëlklip and broader Hermanus communities.Paul Kruger, licensee for Seeff Hermanus, says the transaction represents a milestone moment for the local property market. “These properties form part of the historical fabric of Hermanus, and their sale marks the beginning of a new chapter for a truly iconic estate,” he says. “The investors recognise both the significance of the properties and the exceptional setting of Voëlklip, and firmly view the properties as a long-term strategic investment. Several possibilities are currently being considered to ensure that the estate’s future positioning is approached in a responsible and considered manner.” Kruger notes that Hermanus continues to attract significant interest from both local and international investors seeking high-quality coastal assets. “Hermanus remains one of South Africa’s most desirable coastal destinations. Transactions of this nature reaffirm the long-term confidence investors have in the town and the continued strength of its luxury property market.”Further details regarding the future vision for the properties are expected to be communicated once the investors have completed their strategic evaluation..More about Hermanus.Hermanus has become a prime destination for second homes and development, largely due to its stunning coastal location, weather, lifestyle and proximity to Cape Town (only about two hours’ drive). High-net-worth (HNI) buyers and investors are increasingly drawn to the area. A recent New World Wealth Report for example indicated a 25% increase in high-net-worth individuals migrating to the town, surpassing growth in other Western Cape regions.Over the past few years, property sales over R5 million have more than doubled on the back of strong demand. Exclusive areas such as Kwaaiwater and Voëlklip have recorded transactions ranging to over R20 million up to R40 million, and now R105 million.

Jooste’s Hermanus home sold for Voëlklip record of R105m

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