South African tycoon Stephen Brookes’ Balwin stake climbs $10.4 million
Balwin Properties’ CEO Stephen Brookes sees his stake rise by $10.4 million after a strong rally lifts the firm’s market cap to $82 million.
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Balwin Properties’ CEO Stephen Brookes sees his stake rise by $10.4 million after a strong rally lifts the firm’s market cap to $82 million.
Balwin, led by South African tycoon Stephen Brookes, faces legal fight as Airbnb rentals divide Blyde Estate homeowners, investors, and developers.
Balwin posted $120.6 million in revenue for FY2025, down 6%, as rate cuts in H2 fueled an 8% profit rise despite sluggish apartment sales.
The investment aims to tackle South Africa’s housing shortfall while creating jobs and stimulating economic growth.
From thriving city centers to expanding suburban areas, demand for both residential and commercial properties is growing steadily.
Since January 1, his stake has gained R32.63 million ($1.83 million), pushing his total stake above $22 million.
This follows earlier gains of $2.53 million between Oct. 3 and Nov. 1, when his holdings rose from $20.21 million to $22.73 million.
Stephen Brookes sees his Balwin Properties stake rise above $20 million amid a rally in the company's shares on the JSE.
Real estate mogul Stephen Brookes, the founder and the largest shareholder of Balwin Properties, owns 36.08 percent of the Johannesburg-based property developer.
This loss compounds the $2 million loss recorded between March 20 and April 3, when his stake dipped from $17.34 million to $15.33 million.
Stephen Brookes, a South African real estate magnate, remains the company’s largest shareholder, holding a 36.08 percent stake.
Brookes, a South African real estate mogul and founder of Balwin Properties in 1996, remains the company’s largest shareholder, holding a 36.08-percent stake.
Despite the recent slump, Brookes remains a prominent figure in the South African real estate landscape.
Since Jan. 31, the market value of Brookes’ stake in Balwin Properties has declined by $4.55 million, decreasing from $21.84 million to $17.29 million.
Brookes, a South African real estate mogul who founded Balwin Properties in 1996, is the company’s largest shareholder, holding 170,374,031 shares, or a 36.08-percent stake.