Real Estate Investor Magazine South Africa May 2018 | Page 38

LISTED
REITS
Making sense of REITs
A
South African REIT is a listed property investment vehicle that is similar to internationally
recognised REIT structures from around the world. Listed Company REITs or Trust REITs
are publicly traded on the JSE REIT board and qualify for the REIT tax dispensation.
Growthpoint Properties ltd
Growthpoint Properties Ltd.
(Growthpoint) is the largest
primary listed South African Real
Estate Investment Trust (REIT)
and is listed under the Financial
Services (REIT) sector of the JSE
Ltd.
The company’s development
profile includes the Discovery
campus, Empire Crossing, The
Edge, Tshwane Gateway, and
Sterling Industrial Park. Growth-
point is a Founding Member
of GBCSA, a member of the
GBCSA’s Green Building Leader
Network, a component of the
FTSE4Good Emerging Index
Six months ended 31 December 2017
Total asset value: R122.3b
Properties in portfolio: 547
Market cap: 86,558,972,924
Gearing: 34.5%
CEO: Norbert Sasse
and has been included in the FTSE/
JSE Responsible Investment Index
for eight years running. It owns and
co-owns the largest portfolio of
certified green buildings of any
company in South Africa
PROPERTY DISTRIBUTION
Attacq Limited
Attacq’s vision is to be the
premier property company in
South Africa, delivering excep-
tional and sustainable growth
through real estate investments
and developments. Six months ended 31 December 2017
Attacq has a quality invest-
ment portfolio that includes
landmark commercial and
retail property investments
and developments, a 22.7%
stake in MAS and is known for
its development and man-
agement of Waterfall City,
Gauteng’s new integrated city
that works. Mall of Africa (80% Total asset value: R28b
Market cap: 14,167,114,485
Gearing: 36.2%
Properties in portfolio: 42
Interim CEO: Melt Hamman
Attacq-owned) opened on 28 April
2016, as the largest first phase mall
development on the continent and
a benchmark retail destination
located in Waterfall City, the CBD
of Waterfall.
SEGMENT SPLIT BY PROPERTY VALUE
GET INSPIRED
BY THE BIGGEST
NAMES IN PROPERTY
VISIT REIM TV AT WWW.REIMAG.CO.ZA
36
MAY/JUNE 2018 SA Real Estate Investor Magazine
Join us on REIM TV as we interview
master investors such as Sol Kerzner,
Robert Kiyosaki, and Christo Wiese to
name a few
SA Real Estate Investor Magazine MAY/JUNE 2018
37