Tyson Properties restructures to continue its growth spurt
Category Market News
Tyson Properties restructures to continue its growth spurt
Although 2022 will be a challenging year for the residential property market in South Africa as it slowly recovers from the Covid-19 pandemic and weathers economic uncertainties, there are still multiple opportunities for growth, says newly appointed chairman of Tyson Property Holdings, Chris Tyson.
As a result, Tyson Properties is expecting a strong 2022 despite the potential vagaries of the market. This comes after the company registered its best growth year ever in 2021 with turnover increasing by 25 percent.
Tyson Property Holdings was created to support and grow the company's regional operations in Gauteng, the Western Cape and KwaZulu-Natal. Nick Pearson, currently the general manager, has been appointed as the new CEO overseeing national operations for Tyson Holdings.
Tyson, who founded the company in Durban in 2005 with just six agents has seen the company grow to the point where it became one of the leading real estate brands in the province by 2010. Offices in Johannesburg and the Western Cape opened almost simultaneously in 2015 and aggressive growth across all three markets has positioned the company to benefit from accruing strong market share within a very short timeframe.
Today, the company has 420 agents and envisages growing this substantially within the next year.
Tyson says his role will now be more strategic as he guides the leadership of the company to respond to a volatile market whilst actioning the growth strategy that was put in place over the lockdown period.
He will also play a hands-on role in the growth of the Gauteng offices.
"We came out of hard lockdown very well. 2020 was a bit of a stop start year for us but 2021 was our best year ever. To drive the company to where it needs to go in the very near future, we needed larger resources from an employee perspective. If we did not, we would have stagnated as a company. So, we find ourselves in an exciting transition stage as we put in place all that is needed to ensure that Tyson Properties is perfectly positioned to handle future growth," says Tyson.
Nick Pearson, who has been groomed and mentored by Chris Tyson, shares the same work ethic and values and they will work together to position Tyson Properties as the next iconic real estate brand in South Africa.
"As a brand, we are investing heavily into the South African market. We are here to make some changes, even ruffle a few feathers - but, ultimately, we want to grow into our potential. To do that, we have to believe in our country, grow with it and be flexible enough to meet the market's needs," he says.
For more information, visit www.tysonprop.co.za
Author: Tyson Properties
