Property Flash


September 4 2023

Innovative proptech company, Quoin Online is enjoying sustained momentum, with the financial backbone of the country’s economy; its banks embracing the group’s online sales and letting platform.

Quoin, which was launched in 2012 by co-founders Karen Miller and Wayne van der Vent, has developed software platforms which makes transacting for sellers and buyers of commercial real estate an almost seamless process.  

After initial success in working with top landlords, well-respected corporate banks have recently signed mandates with Quoin so that the group can help these financial institutions dispose of the kinds of properties which rarely go to market, especially in testing economic times.

For example, Quoin has assisted Nedbank, which owns a sizable commercial property portfolio despite not being a property group itself, sell some of its retail and office assets over the past three years. Nedbank is using Quoin’s platform to dispose of a further three properties: a top-end office in the Menlyn Maine mixed-use precinct, Pretoria, an office building in Lakeview Office Park, Roodepoort and an office in Kingsmead, Durban. Nedbank wants to achieve sale and lease back transactions for all or at least a portion of these properties. They present exciting and secure buying opportunities with blue chip tenants.

FNB is another prominent Quoin client. Quoin is currently helping to sell the bank’s retail branches in Burgersdorp, Phalaborwa, Paarl, Grabouw, Groblershoop and Oudshoorn.

Quoin clearly highlights that an assortment of transactions in terms of property types and values can be completed quickly and safely with the right technology. But this isn’t a realisation which real estate groups have been quick to embrace.

The property industry has worked using methods and structures which have become traditional over the past many decades.

“Real estate has been one of the later industries to have adopted modern technology transactions. In fact, some things about how real estate is traded and managed has not changed in more than a century. But now that there is software and there are tools which can genuinely make real estate transactions quicker, reliable, and better governed, banks, landlords and other groups are coming onboard,” says van der Vent.

Banks have also been using Quoin’s technology to sell properties which contain some of their small retail branches as they rationalise their assets.

If a client wants, Quoin can design a custom branded website for them which lists only their properties for sale or letting but still uses Quoin’s technology. It’s a sharp marketing tool which is easy to use for the client, allowing them to manage what is marketed to investors and brokers and also allows for online transacting

Miller explains that Quoin has taken tremendous care to develop a trustworthy product in terms of its transactional platform which importantly gives potential buyers access to due diligence documentation quickly and reliably. Users of Quoin Online can trust what they access through the site.

The proof is in the pudding with large landlords like  Fortress Real Estate Investments, Growthpoint Properties and Emira Property Fund, as well as property managers of the Public Investment Corporation, Mowana Properties, to name a few groups which have used various Quoin products effectively,” Miller says.

Users can register as tenants, brokers, or investors. Various user permissions provide access to pre-determined due diligence information before submission of online offers or bidding.   

Quoin is going from strength to strength and a shift in how properties are transacted is making this possible.

“We are excited that banks, property funds and other institutions are choosing to embrace technology and finding non-traditional but well-managed ways of selling their properties or changing how their properties are owned and managed,” says van der Vent.

Below are links to Quoin’s FNB and Nedbank Properties currently on the market.




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