Valuation and Evaluation of Properties and Estates
Assessing financial worth for purchase or sale or for Balance Sheet purposes or Property Listings on the Stock Exchange.
Property Leasing
We help landlords secure reliable tenants while managing all the paperwork, agreements, and compliance requirements. Likewise, we are well versed in advising potential tenants on suitable premises.
Insurance Valuations
Assessing the New Replacement Value of your asset/s so as to be properly covered against loss or damage.
Property Broking
Industrial and Commercial Property Sales; Sale on Leaseback + Investment Sales.
Click the button below to embark on a journey through our comprehensive suite of services. Discover the innovative solutions we offer, tailored to meet your unique needs. From Valuation and Evaluation of Properties and Estates to Property Leasing & Business Broking, and much much more!
DIRECTORS & CONSULTANTS
DIRECTOR:
CONRAD HUGO PENNY:
M.I.V., APPRAISER TO THE HON. THE MINISTER OF JUSTICE, PROFESSIONAL VALUER (MANAGING)
CONSULTANTS:
DR. J. D. SAMPSON:
Pr.Eng, BSc (C.Eng), M.S. (Transportation Eng), PhD, B. COM., FSAICE, MSAACE, MIWM, (TRAFFIC AND TRANSPORTATION) ,
A. D. N. MALLOWS:
A.I.A., B.Arch (Wits), M. Arch. A.S. (M.I.T.), M.C.P. (M.I.T.) (RESORT AND TOURISM PLANNING AND DEVELOPMENT)
PAUL MAITRE:
Pr.Eng, P G D E Civil Eng (Natal Univ. Durban), H N Dip Civil Eng (Natal Technikon) (CIVIL AND STRUCTURAL ENGINEER)
M. D. WOOD:
B.Sc (Geog) (Wits), B.A. (Psych) (Wits ), M.I.A.I.A. (ENVIRONMENTAL PLANNING)
LUDWIG PENNY: (VALUATION DATA SUPPORT, AND IT SUPPORT)
JENNA PENNY DAWES: (ARCHITECTURAL DRAUGHTING)
ROBEN PENNY: (COMMUNITY, LAND MANAGEMENT AND POLICY DEVELOPMENT)
A- B. VON MERVELDT: DIP. AG. U.K. (RAIL AND TRANSPORT LOGISTICS)
H. GRIFFITHS: GRAD. I.S. (SECURITY PLANNING)
INA FOCKENS: DIP. CAD. LAND SURVEY DRAFTING (LAND SURVEYING)
G. W. LOTTER: B Arch (Rand) ARIBA Arch SA MIA (ARCHITECT)
T. D. KOHLER: B.Com (RHODES) (PROPERTY LEASING AND SALES)
TANJA BULOVIC: (VALUATION COORDINATION CONSULTANT)
J. TREDOUX: (N.DIP PROPERTY VALUATION, TOWNSHIP, MUNICIPAL, AND GENERAL PROPERTY EVALUATIONS.)
OUR HISTORY
Herbert Penny, the great-grandfather of the current CEO Conrad Penny formed a property company in Cape Town in 1906. The Johannesburg offshoot of the company was formed by Herbert Penny’s eldest son Magnus Penny before WWII. Magnus Penny’s eldest son, Errol / Erral Penny, formed what is now Penny Brothers in 1957.
Errol / Erral Penny’s son Conrad Penny is now the CEO of Penny Brothers, having joined the company on 01 July 1970. He has remained with the company for 57 years as of 1 July 2026. Two of his children have joined him as specialist consultants.
POLITICS & PROTOCOL
Empowerment policy and practice in the company
We have a list of PDIs (Previously Disadvantaged Individuals) with whom we have dealt and will deal in the future. As each project is especially packaged to fit the client’s specific requirements, the consultants and participants vary from project to project. As a result of this, it is more efficient for those participants to share in the profits of that specific project than to be shareholders of a general nature. Such a system also allows those PDIs to be engaged with no venture capital outlay or risk of financial loss. Amounts paid out vary from project to project. We are currently forging formal links with a well known Black Empowerment financial services group.
WHAT'S IT WORTH!
Finding hidden wealth there maybe cases where an aspect of a proprty or the way it is administerd, could be changed thereby improving the net income and improving the bottomline. As property economists we are well equipped to help and advice in this area.
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CONTACT US
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The Penny Family has been active in the broking and valuation of property and other assets for more than 120 years over FIVE generations.
