Delivering Excellence In Consrtuction And Refurbisment For 35 Years
From A Renovation Company To A Multi-disciplne Construction Force.
Renowned local Construction company, Tri-Star recently celebrated its 35th birthday at Melrose Arch. The company has grown from a renovation business in the early 80’s to a Broad-Bases Black Economic Empowerment-certificated, multi-faceted, technology-driven and forward-thinking construction group that’s been involved in some significant office, retail, commercial, industrial & residential construction projects in South Africa.
Derek Wheals, Chief Executive Officer and his partner Billy McNeil, along with a board of directors with decades of experience in the refurbishment, construction and development industry, have taken the company to new heights. What started out as a painting and renovation business in the 70’s and 80’s has evolved into a construction group with subsidiaries and offices all over South Africa which provide construction, renovation and turnkey development services to the industry.
Part of the 35 year celebration was the signing of a Memorandum of Understanding with the national Development Agency (NDA) that would contribute to their Social Corporate Investment (SCI) status. Tri-Star will offer their resources, services and donations towards South Africa’s education from early stages in children’s lives.
Tri-Star is also proud to have achieved BBBEE levels ranging from 4-2 amongst the various subsidiaries and a CIDB rating of 9.
MAJOR COMMERCIAL DEVELOPMENTS, RETAIL DESTINATIONS, OFFICE PARKS, TERTIARY INSTITUTIONS AND MIXED USE…
The multi-disciplined construction company gas a proud reputation and a track record that boasts Retail -200 000 m² of new shopping centres, including Design Square Brooklyn, River Crescent Witbank, Blue Bird Morningside as well as a number of refurbishment retail sites including the conversion of the Randburg Waterfront into bright Water Commons and the upgrade of Key West Shopping Centre in Krugersdorp. Over 80 000 m² of Industrial warehousing and factories including Vector logistics and The Stables, some 28 office blocks / parks, and significant multi-unit housing projects delivering well over 10 000 beds including Wits Junction, Kempton City and The Paddocks in Dainfern.
Besides the above, Tris-Star has also been involved in Schools, Universities, Hospitality (Hotels), Banks and Churches.
DELIVERING EXCELLENCE IN SOUTH AFRICA’S CONSTRUCTION INDUSTRY
One of the mottos that Tri-Star continues to live by- within all areas of the business- is excellence. As a business they believe that excellence in all spheres of construction is non-negotiable and they are committed to exceeding the expectations of their clients and shareholders. Not only are their various teams always committed of delivering products and services on time and within budget, but each and every employee realises that the company’s reputation us foundation to their long-standing relationship with clients and contractors.
Equally important to Tri-Star us their employees, as a company is only as successful as their human capital allows them to be. Recognition, innovation (through mentorship, career advancement and training) as well as rewards has helped the company attract and retain some of the top talent in the industry.
One of the recent initiatives that Tri-Star is most proud of is the company’s Management Buy-In deals, whereby equity in Tri-Star subsidiaries was acquired by senior staff who formed alliance with shareholders. Another noteworthy achievement was selling 26 % of Tri-Star Group Holdings to Malose & Albertina Kekana’s company, Abakhi;. The company aims to continue investing their resources in Broad-Based Black Economic Empowerment in order to facilitate meaningful change.
While the past 35 years have been marked with a number o achievements and accomplishments, the company expects even more milestones and innovations to come. “I would like to take this opportunity to thank all the professionals, clients, suppliers and sub-contractors who have afforded us these opportunities and worked with us to achieve this resume. As for the future I trust that the next 35 years will be blessed with more success and allow us to build on our experience,” commented Derek Wheals, Chief Executive Officer at Tri-Star.
Published: South African Property Review