Real Estate Investor Magazine South Africa Real Estate Investor Magazine - Dec/Jan 2018 | Page 44

LISTED
Listed Continues to Shine
Funds to Watch
WESTPOINT OFFICE (PETERBOROUGH, UK)
FOURWAYS MALL (GAUTENG) - 61 480 SQM
16 502 SQM
ACCELERATE ATLANTIC LEAF PROPERTIES
CEO: Michael Georgiou CEO: Paul Leaf-Wright
Listed 2013 Listed 2014
• Portfolio valued at R11.8 billion • Total Assets Under Management £304 million,
up 15% from HY 2016
• 30% year-on-year growth
• Net-asset value growth of 21.3% year-on-year
• Number of properties in portfolio: 69
• Sector summary (GLA): Industrial (13.3%); office
(26.5%); retail (49.8%); European retail (10.4%)
• Top 5 properties (by fair value): 1. Fourways
Mall (Gauteng); Cedar Square Shopping Cen-
tre(Gauteng); Portside (Western Cape); KPMG
Crescent (Gauteng); OBI Wein (Austria)
• Total Rental Revenue £12 million, up 17% from
HY 2016
• Total distribution of 4.5 GBP pence declared, up
7% from HY 2016
• Post quarter end activities:
• £47m equity raised in September 2017
• Forecast 9.1 pence full year distribution
• New investment in direct property of £24.8m
TRADEHOLD’S ACQUISITION OF COLLINS GROUP OFFERS GROWTH
• Tradehold’s acquisition of the KZN-based Collins Group towards the end of its February 2017
financial year has more than doubled its balance sheet.
• By 31 August 2017 total assets had grown to £994 million – 161.7% higher than the £380 million
at the end of the corresponding period in 2016. 
• Shareholder equity has risen 74.8% to £306.8 while revenue has increased 165.5% to £55.5 mil-
lion (2016: £20.9 million).
• Headline earnings per share were up 169% compared to the corresponding six months.
• Total profit for the period attributable to shareholders stood at £10.8 million.
• Tangible net asset value, calculated by management to exclude goodwill and deferred tax, was
54.8% higher at 134.2 pence per share.
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DECEMBER 2017/JANUARY 2018 SA Real Estate Investor Magazine