Company Overview

SA Corporate Real Estate Fund is a real estate investment trust listed on the JSE Limited, which has a diversified portfolio of 191 properties valued at R9.0 billion. The properties are split sectorially by value into industrial 34%, retail 57%, and office 9% and geographically Gauteng 41%, Kwa Zulu Natal 45% and Western Cape and other 14%.

 

Vision

To be the premier real estate investment fund listed on the JSE and a market leader in terms of investment rating and earnings growth. This vision is underpinned by the followng four strategic objectives:

 

 

Strategy

 

Investment performanceDeliver superior earnings growth & hence total returns
Expansion Expand portfolio to R10bn & remain in top 3 counters in terms of market cap
Investor relations Improve fund profile & investor relations/communications
BEE transformation Address requirements of Property Charter so as to maximise benefits for the fund and investors

 

 

.Strategic focus-medium term

 

A substantial REIT

 

- Relevance and liquidity

 

Well diversified

- Target portfolio . Retail 55% . Warehousing and distribution 25% . Offices 25%

- Realign retail composition

- Sell underperforming and non core properties

 

Moderate risk

- Low debt ratio

- Diversified portfolio and tenancy risk

 

.Strateic focus-short term

- Proactively engaged in leasing initiatives

- Daily management of arrears

- Redevelopment opportunities

- Extract value from recent acquisitions

- Completion of current development pipeline