Home Creating value through partnerships

Company Profile

Intersite Property Investments - a subsidiary of PRASA, the Passenger Rail Agency of South Africa - aims to unlock value in PRASA’s assets, creating the kind of growth that will lead to an even better experience for every passenger using any of PRASA’s public transport solutions. That means more efficient services on more routes and world-class facilities.

Please note: Intersite’s former role as facilities manager now falls under PRASA CRES.

Background

PRASA’s R11 billion investment in transport and infrastructure over recent years resulted in a marked improvement in train and bus services. However, the inability of the government subsidy to keep up with the ever-increasing cost of providing quality public transport services forced PRASA to come up with a new, innovative way of supplementing its funding; enter Intersite.

What we do

With the emphasis on partnerships that create value, we leverage PRASA’s non-operational and non-strategic assets to raise additional funds that will result in a real improvement in services.

With the backing of our partners, we generate income by using PRASA assets in three ways:

Strategic Partnerships in Property & Asset Development

With over 400 stations and vast tracts of land in prime positions around the country, PRASA owns some of the most promising developmental rights in South Africa. We’re always on the lookout for innovative deals to develop these opportunities, with an emphasis on partnering with local companies and authorities to stimulate growth through job creation, particularly in smaller towns.

Third Party Projects Income

With extensive experience in mixed-use developments of all types, we help develop and manage transit-orientated developments on behalf of our provincial and local government clients, creating integrated developments, particularly around our intermodal transport hubs. As always, our goal is to add real value to the lives of public transport users.

Commercial Support Services Income

We provide access to advertising spaces in prime locations. From train and bus stations and commercial buildings to ad space on buses and trains, we generate income from ad sales.