Real Estate Investor Magazine South Africa July 2015 | Page 15

Lettable Area (GLA) of 414,390m2
across Gauteng, the Eastern Cape,
KwaZulu-Natal and the North
West provinces. Strategically the
portfolio is primarily retail-focused,
with a balance of government office
space. Retail properties comprise
54% of the portfolio by value and
163,303m2 of the portfolio by
GLA. It also features 14 large,
single-tenanted commercial offices
in nodes attractive to the South
African government, comprising
44% of the total portfolio by
value and 232,133m2 by GLA.
The portfolio is completed
by an industrial property in
Johannesburg, comprising 2% of
the portfolio by value.
Following the release of the
financials for the six months
ended 28 February 2015, showing
its market capitalisation at
R5.69-billion and assets under
management at R7.88-billion, Sisa
noted that Rebosis would continue
to build a diversified portfolio
of properties that yielded strong,
secure income and higher returns.
In March, Rebosis acquired 62%
of Mauritius property development
firm New Frontier Properties, with
a strategic focus on retail properties
in the UK. Sisa comments that the
investment affords Rebosis the
oppo