Capeco was founded over 10 years ago by a group of Belgium investors. Having studied the new South African democracy from a distance, the group decided in 1996 to invest in South Africa. Recognizing the potential investment opportunity in the property market, the investors decided to develop the available property gap in Plettenberg Bay and Port Elizabeth. The developers also contributed to the social upliftment of the area by creating much needed employment to the local work-force. Since the start of the developments millions of Rands flowed into the Plettenberg Bay area and Port Elizabeth, not only directly from the investors but also indirectly through the sub-contractors, service providers and local municipality. Sanderlings, Keurbooms River Estate and Arendsnes are some developments of the Belgian group of investors in Plettenberg Bay and in Port Elizabeth projects such as in Govan Mbeki Road, Circular Drive and Ascot Estate are being developed. The group is represented by a local South African management and operational team, headed by Mr. Stephan Muller.