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 R22.1 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 86 properties in the retail, industrial and office sectors valued at R14.9 billion. c.45% 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.
The Fund aspires to be recognised as SA’s leading REIT, which entails owning the best-of-breed assets, providing the best customer experience and delivering the best sustainable returns to shareholders on a risk-adjusted basis. The Fund’s best-of-breed portfolio has been built based on adhering to its investment philosophy of acquiring quality assets with compelling property fundamentals in targeted sectors in selected geographies where it has in-country expertise. This philosophy is underpinned by the Fund’s purpose – to unlock the potential of space – to create sustainable value for all its stakeholders.
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.
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.