NEWS
ONDANGWA EXTENSION 11 (OMBALA ESTATE ) NOW OFFICIALLY APPROVED FOR RESIDENTIAL DEVELOPMENT
Ondangwa, Namibia – Trustco’s Real Estate Portfolio is pleased to announce that Ondangwa Extension 11, also known as Ombala Estate, has been officially approved and registered, marking a significant milestone in the town’s expansion. This premium development, acquired by Trustco Properties in 2010, offers residential, business, and light industrial erven for development, providing exceptional opportunities for homebuyers and investors alike.
Strategically located in the heart of Ondangwa, Ombala Estate features comprehensive modern infrastructure, including paved roads, reliable electricity, municipal water supply, and efficient drainage systems. The estate enjoys proximity to educational institutions, shopping centers, healthcare facilities, and public transportation networks, ensuring residents experience a comfortable and connected lifestyle.
The meticulously planned 8.8-hectare / 21.7 acres development comprises:
- 102 residential plots designed for single-family homes
- 7 general residential plots allocated for higher-density housing developments
- 8 business plots designated for commercial ventures
- 9 light industrial plots suitable for small-scale manufacturing and business operations.
“We are delighted to introduce the newly subdivided Ombala Estate to the market,” said Ms. Lizette da Fonseca, Deputy CEO of Trustco’s real estate investee. “This development represents a premier opportunity for
buyers to secure prime property in a thriving community, complete with state-of-the-art infrastructure in an unparalleled location.”
Ombala Estate is positioned to address the growing demand for quality housing and commercial premises across Namibia.
TRUSTCO PROPERTIES ANNOUNCES NEW APPOINTMENTS
5 June 2024 – Trustco Properties is pleased to announce the appointments of Lizette Da Fonseca as the newly appointed Deputy Chief Executive Officer (CEO) and Lindie Verwey as the new Chief Operating Officer (COO) of its real estate portfolio, effective 1 May 2024.
About Lizette
With over 27 years of professional experience, Lizette embarked on her career journey in the maize triangle of Namibia, Grootfontein. Starting off as an Assistant Manager, she steadily climbed the career ladder, attributing her success to her humble beginnings. “The principle remains the same for me, if you can’t appreciate your current privilege, you won’t value anything beyond this”, Lizette states. It is this level of professionalism that propelled her into the corporate world of financial services when she joined the banking industry in 2001, holding various designations including Customer Information Consultant and Account Analyst. In 2006 Lizette entered the properties sphere at Standard Bank’s Home Loans division and worked her way up to Registrations and Cancellations Manager.
Joining Trustco Properties in 2016, Lizette excelled in various managerial positions including Mortgage and Financial Advisor and COO of Mortgage and Sales. Equipped with a Certificate in Real Estate, Lizette embraces the opportunity to serve the property development and management industry as she passionately says: “People are my lifeblood. I love the energy of dealing with our people through different walks of life. Doing that while serving my community through this vibrant brand is an extra bonus and I’m thankful for the opportunity Trustco Properties provides. The journey remains impactful for both me and my team.”
Additionally, Lizette also serves as Trustee on the Home Owners Association of Elisenheim Property Development Company (EPDC).
About Lindie
As a Bachelor of Arts graduate, Lindie commenced her career as an Office Administrator in 2006, transitioning thereafter into the aviation industry where she served as the General Manager at the Windhoek Flight Training Centre, gaining valuable experience in business operations and government liaisons.
Lindie joined Trustco Properties in 2012 as a Property Administrator, where she capitalized on her diverse background in operational roles. Swiftly promoted to Operations Manager, she oversaw rental properties, construction projects and site inspections, to name but a few of her responsibilities. With over a decade of experience in the real estate industry, as the newly appointed COO, Lindie is dedicated to leveraging her years of knowledge to drive the company’s success and foster growth. “My appointment as COO is a humbling experience and fills me with immense accomplishment and pride in our collective achievements to date. I see this as an opportunity to excel in this new chapter of my life and career. Thank you to the team for their trust”, she proudly says.
Lindie additionally also serves as a Trustee on the Home Owners Association of EPDC.
About Trustco Properties
Established in 1992, Trustco Properties has been a pioneer in property development in Namibia boasting a property portfolio of more than NAD 1.3 billion. With innovative and strategic real estate landbanks and a strong presence in the market, Trustco Properties manages and develops prominent developments such as the Elisenheim Lifestyle Estate and the Lafrenz Industrial Park. The Ombala estate in Ondangwa in Northern Namibia showcases the company’s commitment to future growth and development. Trustco Properties also manages property rentals and undeveloped farmland strategically located in and around the capital city for future developments to accommodate Namibia’s growing population. With above-average growth in property management and development, Trustco Properties remains steadfast in its pursuit to provide the highest quality of property and life for all Namibians.
The leadership of Lizette and Lindie underscores Trustco Properties’ commitment to strategic success and sustainable growth in the real estate sector and we wish them well in their endeavors in these new leadership roles.
TRUSTCO PROPERTY HOLDINGS RECEIVES ENVIRONMENTAL CLEARANCE FOR INDUSTRIAL TOWNSHIP DEVELOPMENT
22 September 2023 – Trustco Property Holdings (Pty) Ltd (Trustco Properties), a part of the diverse investment portfolio of Trustco Group Holdings Ltd and a leader in Namibia’s industrial land development, is proud to announce the third successful renewal of its Environmental Clearance Certificate (ECC) for the Lafrenz Industrial Township Development. This industrial project boasts a prime location, situated just 7km away from the central business district of Windhoek, on the remaining land of Farm Nubuamis No. 37.
Trustco Properties acquired the 302-hectare parcel in 2004, successfully developing 83 hectares to date into industrially zoned areas known as Lafrenz Extensions 1, 2, and 3. This industrial progress has given rise to a multitude of job opportunities in the short-, medium-, and long-term, bolstering economic expansion. The remaining 157 hectares, comprising Portion 81, 133, and The Remainder of Portion A, present future industrial development opportunities.
This ECC renewal underscores Trustco Property Holdings’ unwavering dedication to sustainable industrial development and rigorous compliance with Namibia’s environmental regulations. The company’s proactive stance toward environmental management encompasses comprehensive plans that not only guarantee economic sustainability but also uphold environmental responsibility.
“We’re thrilled to renew the ECC for the Lafrenz Industrial Township Development,” said Le-Hugo van Rooyen, CEO of Trustco Properties. “Our steadfast commitment to compliance and responsible growth drives our dedication to maintaining the highest environmental standards. Detailed planning and preparations for the next phase of the Lafrenz property development are well underway.”
Trustco Properties has consistently demonstrated its commitment to compliance, fostering positive partnerships with governmental authorities, investors, private sector stakeholders to accelerate responsible industrial growth while preserving the environment.
PETROSOL SECURES LAND AT ELISENHEIM
19 September 2022 – The Elisenheim Property Development Company (EPDC) has contracted with Petrosol to develop a fully-fledged service station on the Elisenheim Lifestyle Estate (Elisenheim).
Over the last 12 years, the growth of Elisenheim has set the pace and the trend of the commercial development of the premier lifestyle property development in Namibia. As the development progressed, state-of-the-art security systems were installed to meet the safety needs of the residents. Further developments, such as a church, a convenient and accessible shopping center with various amenities including a pharmacy as well as a daycare facility were added as the needs of residents grew.
Now, the next logical need will be addressed to further enhance and bring quality services closer to the residents, workers, and visitors of Elisenheim.
The 24-hour service station will be situated on 9 000 square meters of prime property on the estate and will boast three fuel pumps, a quick shop, bakery, coffee shop, car wash, drop-off zone and a fast-food establishment. The groundbreaking is expected to take place within the next few months, and the service station is anticipated to commence operations in approximately two years.
Le-Hugo van Rooyen, CEO of Trustco Properties, noted that the development will alleviate the burden of residential development, traffic and infrastructure on the City of Windhoek. “The service station at Elisenheim will not only enable residents of the estate to obtain fuel closer to home, but this valuable and convenient service will most definitely benefit the neighboring small holdings and mushrooming businesses in the vicinity,” he said.
The Elisenheim Lifestyle Estate has been setting down roots since 2005 with the Elisenheim Estate officially launched on 30 January 2010. During 2014 Trustco Property Holdings acquired the Elisenheim Property Development Company (EPDC) being the registered owner of Portion 5 of the Farm Elisenheim No.68
“Petrosol is a wholly Namibian owned company, that was established as a natural outflow of the retail business which Northern Fuel Distributors (NFD) established over the years of its existence. The focus of Petrosol is to construct cost effective, service stations throughout Namibia, which can be managed by independent or owner operators,” Johan Botes of Petrosol said.
In 2010 NFD started working on the retail concept and registered an operational entity under the name Petrosol Petroleum Solution.
NFD is one of the largest private fuel suppliers in Namibia in terms of volumes and it manages several millions of liters monthly whilst serving over 800 satisfied customers throughout the country. The Elisenheim service station project promises to stand proud as the flagship outlet in the Khomas region.
