Tyson Property Holdings is optimistic about its 2022 growth prospects after recording an impressive 25 percent turnover increase in 2021 – its best growth year ever despite the COVID-19 pandemic.
In a statement issued on Tuesday (8 March), the company also announced leadership changes aimed at sustaining the momentum.
Nick Pearson appointed Tyson Property Holdings CEO
Tyson Property Holdings former CEO, Chris Tyson, will now be chairman while Nick Pearson has been promoted to CEO from his former position as general manager.
Tyson Property Holdings was created to support and grow the company’s regional operations in Gauteng, the Western Cape and KwaZulu-Natal. Pearson will now oversee its national operations.
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.
Strategic role for Tyson
Tyson said 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,” Tyson explained.
“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.”
Nick Pearson, whom Tyson has groomed and mentored, 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,” he added.
“To do that, we have to believe in our country, grow with it and be flexible enough to meet the market’s needs.”