Pran Shree – butcher turned citrus warehouse owner turned property mogul

Welcome to The Property Pod, South Africa’s leading property investor podcast.

On this weekly Moneyweb show, we gain insider insights from leading CEOs, entrepreneurs, analysts and developers in the country’s dynamic commercial property sector.

This podcast recently received top industry recognition at the SA Property Owners Association Journalism Excellence Awards in the Digital and Broadcast media category.

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Now, we’ve got a CEO of a private business, an entrepreneur, a family-business owner and an industrial property mogul on the show who I have been trying to get on the podcast for years. I met him around 2011, when I did a story about the first warehouses developed at Dube TradePort, next to King Shaka International Airport.

His name is Pran Shree, and he is the founder and CEO of Shree Property Holdings, which has grown into one of the largest privately owned logistics and industrial real estate groups in KZN and SA.

Read/listen:
Shree Property swoops on two South Durban sites, plans R1.6bn investment
Fortress ties up Sammar Logistics-Sasol deal for new R800m Clairwood warehouse
Investec Property secures Takealot in R6bn Durban logistics park
Dube TradePort’s TradeZone 2 attracts R1.8bn in new investment
R15bn Westown developer bets on a ‘KZN Comeback’

Shree’s portfolio currently exceeds one million square metres in KZN, and the group also has property and business interests in Texas in the US and the British capital, London.

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You can also listen to this podcast on iono.fm here.

Shree plans redevelopment of the 1236 South Coast Road property that the group acquired earlier this year. Image: Supplied

The group is the biggest real estate investor in the Dube TradePort SEZ, north of Durban. Image: Supplied

An aerial view of Dube TradePort’s Cargo Terminal at King Shaka International Airport. Image: Supplied

He started as a young entrepreneur in the butchery business in the 1980s. Then he got into citrus export warehousing on strategic land near the Port of Durban – South Africa’s busiest container terminal.

Listen/read:
Freight industry demands answers over Durban port delays
South Africa, Rwanda lose access to Agoa
Chocolate wars: Tiger Brands sells Easter eggs, slabs and Beacon
Logistics giant Newlyn Group gets massive R5bn backing from Absa CIB
Dube TradePort SEZ’s next phase of industrial and commercial property development [May 2021]

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That kicked off his foray into industrial and logistics property in the early 2000s, and today Shree Property Holdings has dozens of properties around the port and is the largest property investor in Dube TradePort.

As part of its expansion plans, it announced more than R2 billion in new investment in KZN last month, including two major logistics warehouses in South Durban and a new development in Shakaskraal on the KZN North Coast.

* You can listen to the full podcast above or download it from iono, Spotify or Apple Podcasts. 

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