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Show profile Hide profileCromet Molepo is the CEO and one of the active driving forces of Intersite Property Management Services (“Intersite”), is a wholly owned subsidiary of Passenger Rail Agency of South Africa (“PRASA”). For more information on Intersite and its vision, read on.
Background
Intersite Property Management Services (“Intersite”), is a wholly owned subsidiary of Passenger Rail Agency of South Africa (“PRASA”) and manages their property portfolio. Intersite started as a property division of the then South Africa Rail Commuter Corporation in 1991. In 1992 Intersite was established as a separate entity to manage and develop the property portfolio of SARCC, which it continues to do so within the new strategic direction and objectives of PRASA.
Role of Intersite within PRASA Intersite's primary roles are of being a Property Asset Manager, Property Developer and Facilities & Estate Manager for PRASA. In fulfilling these roles Intersite's primary customer is the PRASA divisions of Metrorail and Shosholoza Meyl and the subsidiary, Autopax, but the ultimate customer is the passenger. With the major shift in PRASA's strategic objectives to deliver on it's vastly increased mandate, Intersite's role within PRASA has been elevated to that of being a Strategic Partner to PRASA. Intersite has been empowered to deliver on the development of a property portfolio that significantly contributes to PRASA's enablement to realize its commitments to its shareholder, the Department of Transport.
In response to the revised mandate, Intersite has developed a corporate real estate management model based upon world best practice, to provide PRASA with Corporate Real Estate Solutions (CRES) capability and is founded on the four pillars of corporate real estate management, namely:
• Strategy and business development
• Real estate asset management
• Project and property management
• Facilities and estate management
Mandate
The Intersite mandate has been substantially redefined to align with the intentions of PRASA. In playing its role, Intersite will contribute to the subsidy received from the Department of Transport and the reduction of requirements of subsidy per customer.
The long term goal of PRASA is to be a commercially viable business entity capable of delivering efficient, high quality transport services on a sustainable basis. The recapitalisation of the PRASA railway infrastructure and rolling stock asset base is fundamental in achieving this.
The role of the property portfolio is critical in this commercial transformation. The property portfolio requires refocusing, expansion and development - transformation from a limited commuter rail based operational property portfolio to a dynamic, sustainable corporate real estate management (REAM) base.
This requires that Intersite transforms from it's historical role of being a property management agent, responsible for a property portfolio that supports the commuter rail business to being a fully fledged corporate real estate and property investment company that manages the asset base in a sustainable way to generate increased revenue streams, enable the efficient leverage of the balance sheet and provide station precinct environments that enhance the passenger's travelling experience while actively encouraging increased rail and bus patronage.
A new, pro-active, dynamic and innovative role is necessary for Intersite to fulfil this revised and expanded mandate, one that focuses on providing corporate real estate solutions that will sustain the PRASA Group.
Vision
A corporate real estate company delivering integrated transit corridor property development solutions Principle underpinning the vision statement:
• Integration - Intersite will facilitate the spatial, social and economic integration of urban precincts
surrounding bus and rail stations to enable a better community quality of life.
• Property Investment - Intersite will transition from a property management agent to a financially
sound corporate real estate solutions company with a strong balance sheet able to sustain the long
term funding requirements of the PRASA Group.
• Integrated Transit - Property Development - Intersite will actively pursue integrated station
precinct master plan based development projects that are economically sustainable, add community
value and are supportive of modal integration.
Mission
Enriched travelling experiences through innovative property solutions
Three intensions underpinning the mission statement:
• Travelling Experience - superior client service, in secure built and public space environments, that
enriches, empowers and delights.
• Innovation - original, imaginative, novel and unique responses to defined client needs and aspirations.
• Property solutions - provision of creative property responses and packages that add shareholder
and stakeholder value.
Core Values
• Service Excellence - Superior performance in client support
• Integrity - Trustworthy, reliable, honest and truthful
• Fairness - Respect, equitable opportunities & treatment
• Innovation - Originality, uniqueness, newness, freshness
• Leadership - Inspiration through dialogue
• Professionalism - Expertise, proficiency, competency
• Passion - Enthusiasm, excitement, dedication, commitment
Cromet Molepo is the CEO and one of the active driving forces of Intersite Property Management Services (“Intersite”), is a wholly owned subsidiary of Passenger Rail Agency of South Africa (“PRASA”). For more information on Intersite and its vision, read on.
Background
Intersite Property Management Services (“Intersite”), is a wholly owned subsidiary of Passenger Rail Agency of South Africa (“PRASA”) and manages their property portfolio. Intersite started as a property division of the then South Africa Rail Commuter Corporation in 1991. In 1992 Intersite was established as a separate entity to manage and develop the property portfolio of SARCC, which it continues to do so within the new strategic direction and objectives of PRASA.
Role of Intersite within PRASA Intersite's primary roles are of being a Property Asset Manager, Property Developer and Facilities & Estate Manager for PRASA. In fulfilling these roles Intersite's primary customer is the PRASA divisions of Metrorail and Shosholoza Meyl and the subsidiary, Autopax, but the ultimate customer is the passenger. With the major shift in PRASA's strategic objectives to deliver on it's vastly increased mandate, Intersite's role within PRASA has been elevated to that of being a Strategic Partner to PRASA. Intersite has been empowered to deliver on the development of a property portfolio that significantly contributes to PRASA's enablement to realize its commitments to its shareholder, the Department of Transport.
In response to the revised mandate, Intersite has developed a corporate real estate management model based upon world best practice, to provide PRASA with Corporate Real Estate Solutions (CRES) capability and is founded on the four pillars of corporate real estate management, namely:
• Strategy and business development
• Real estate asset management
• Project and property management
• Facilities and estate management
Mandate
The Intersite mandate has been substantially redefined to align with the intentions of PRASA. In playing its role, Intersite will contribute to the subsidy received from the Department of Transport and the reduction of requirements of subsidy per customer.
The long term goal of PRASA is to be a commercially viable business entity capable of delivering efficient, high quality transport services on a sustainable basis. The recapitalisation of the PRASA railway infrastructure and rolling stock asset base is fundamental in achieving this.
The role of the property portfolio is critical in this commercial transformation. The property portfolio requires refocusing, expansion and development - transformation from a limited commuter rail based operational property portfolio to a dynamic, sustainable corporate real estate management (REAM) base.
This requires that Intersite transforms from it's historical role of being a property management agent, responsible for a property portfolio that supports the commuter rail business to being a fully fledged corporate real estate and property investment company that manages the asset base in a sustainable way to generate increased revenue streams, enable the efficient leverage of the balance sheet and provide station precinct environments that enhance the passenger's travelling experience while actively encouraging increased rail and bus patronage.
A new, pro-active, dynamic and innovative role is necessary for Intersite to fulfil this revised and expanded mandate, one that focuses on providing corporate real estate solutions that will sustain the PRASA Group.
Vision
A corporate real estate company delivering integrated transit corridor property development solutions Principle underpinning the vision statement:
• Integration - Intersite will facilitate the spatial, social and economic integration of urban precincts
surrounding bus and rail stations to enable a better community quality of life.
• Property Investment - Intersite will transition from a property management agent to a financially
sound corporate real estate solutions company with a strong balance sheet able to sustain the long
term funding requirements of the PRASA Group.
• Integrated Transit - Property Development - Intersite will actively pursue integrated station
precinct master plan based development projects that are economically sustainable, add community
value and are supportive of modal integration.
Mission
Enriched travelling experiences through innovative property solutions
Three intensions underpinning the mission statement:
• Travelling Experience - superior client service, in secure built and public space environments, that
enriches, empowers and delights.
• Innovation - original, imaginative, novel and unique responses to defined client needs and aspirations.
• Property solutions - provision of creative property responses and packages that add shareholder
and stakeholder value.
Core Values
• Service Excellence - Superior performance in client support
• Integrity - Trustworthy, reliable, honest and truthful
• Fairness - Respect, equitable opportunities & treatment
• Innovation - Originality, uniqueness, newness, freshness
• Leadership - Inspiration through dialogue
• Professionalism - Expertise, proficiency, competency
• Passion - Enthusiasm, excitement, dedication, commitment
