Heriot UK developments

Steven started Heriot Properties in South Africa in 1998, operating out of a small 50m² office. Today, 20 years later, the business operates from a 700m² office and employs over 30 people. He led investments into industrial property where covenants were of a blue-chip nature and the leases ensured sustainable long term cash flows.

Through the relationships formed from these strong covenants, Heriot continued to acquire a number of industrial properties throughout South Africa, all anchored by these blue-chip tenants.

In 2003, Steven put a team of professionals together and started constructing retail shopping centres, focusing on the CBD’s, rural and township areas. These mass market areas were under serviced and over 20 malls were developed. Most of these tenants were national brands which again, underpinned the sustainable cash flow model. Today, Heriot continues to own 6 of these malls together with six small strip malls.

Over the 20 years, Heriot has developed and maintained strong relationships with its tenants which relationships have formed the backbone of its asset base which today exceeds R4 billion.

Steven won the Johnnie Walker Jewish Entrepreneurial Award in 2011. He was appointed as a director of Heriot on 18 April 2017.