Overview

About the fund

Dortmund site

Investec Property Fund Limited is a South African Real Estate Investment Trust (REIT) that listed on the Johannesburg Stock Exchange (JSE) in 2011. The Fund pursues a bi-regional investment strategy, focused on building scale and relevance in its core geographies of South Africa and Western Europe. The Fund's investment portfolio is currently comprised of R22.5 billion of direct and indirect real estate investments located across both these regions.

In South Africa, the Fund directly owns a sizeable and diversified portfolio of 82 properties in the retail, industrial and office sectors valued at R14.6 billion. c.48% of the Fund’s balance sheet is comprised of foreign investments, namely a 65% interest in a Pan-European logistics portfolio. This portfolio consists of 48 logistics properties that are located in the major logistics corridors of 7 European countries, including the core countries of Germany, France, and the Netherlands. This provides the Fund with geographic diversification and exposure to quality real estate in the developed markets of Western Europe. In both regions, the manager has a presence on-the-ground with in-country expertise and therefore adopts a hands-on approach to managing the properties.

IPF’s mission is to be distinctive within its chosen sectors and to be recognised as South Africa’s leading REIT. The Fund seeks to unlock the potential of space with a focus on delivering value through client experience whilst generating sustainable total returns for shareholders.

The Fund’s investment philosophy is premised on being ‘property purists’ and it targets both local and offshore investments, pursuing primarily core, core plus and value-add investment strategies. Its geographic and sectoral diversification ensures the Fund can deliver returns through the cycles.

Bi-regional focus on core markets

The Fund pursues a bi-regional investment strategy, focused on building scale and relevance in its core geographies of South Africa and Western Europe. This streamlined portfolio, with investments focused in both high-growth, developed markets offshore as well as a quality, mature local portfolio, has allowed the Fund to generate returns throughout the cycles. This enables it to deliver on its objective to optimise capital and income returns over time for shareholders.

Fund Management

Investec Property is a direct real estate asset manager with a strong track record of more than 42 years operating in the listed and direct South African property market, unlocking value across the full property value chain, with expertise in land conversion, property development, acquisitions & trading, and fund management.

The teams hands-on approach to managing assets, deep operational expertise and a focus on property fundamentals ensures Investec Property is best positioned to serve as investment manager and partner to investors looking for exposure to the SA property sector.