As a property holding company, ICON investment management, financial management and transfer secretarial services are subcontracted to NICO Asset Managers Limited (NAML) and the property management services is subcontracted to Eris Properties Mw Limited (ERIS). ERIS provides the day to day property management services to the Company.

These two entities have highly skilled and capable staff members, and their senior management hold degree level qualifications and are members of professional institutions.

NICO Asset Managers Limited

NAML, the fund manager for ICON and its subsidiaries, is registered with the Reserve Bank of Malawi as a Portfolio Manager, Investment Advisor and Transfer Secretary, licensed under the Securities Act 2010. NAML has a management agreement with ICON effective 1 September 2018 to 31 August 2021.

NAML is a specialist in investment management, corporate finance, and investor services to institutional and individual investors. Overall, NAML offers investment management services, financial management services, company secretarial services and administrative services to ICON.

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Eris Properties Malawi

Eris Property Group (South Africa) (“EPG”) and NICO Holdings Plc under a fifty-fifty joint venture formed a combined property services company called Eris Property Mw Limited (“ERIS”) with registration number 10103229 on 1 August 2017.

ERIS entered into a 3 years property management agreement with ICON on 1 November 2018.

ERIS looks after the property development and management of ICON through a range of commercial property services. Through ERIS, ICON will benefit from a new benchmark in property service as it draws on EPG’s decades of experience and takes on growth opportunities in the sector. With a footprint across 7 offices including Ghana, Lesotho, Namibia, Botswana, Mauritius and South Africa, EPG provides a range of commercial property skills and employs over 400 people. EPG, formerly called Rand Merchant Bank (RMB) Properties has been operating since 1985 before it changed its name to Eris Property Group in 2000. 

ERIS leverages off EPG’s philosophy of a long term view and attention to detail to property management and investment, ensuring optimal and efficient solutions through a spectrum of property services. EPG has US$2.25bn properties under management, completed over 100 property developments in Africa worth US$2.5bn in market value and holds US$120m in proprietary investments.

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