SA Corporate is one of the oldest established property companies in the market. Its diverse investment spans industrial, retail and commercial property primarily in the major metropolitan centres of South Africa, with a secondary node in Zambia. In addition, in 2014 SA Corporate invested in the AFHCO Group, an innovative residential, retail and commercial property company located in Johannesburg’s inner-city and in 2017 the group invested in storage. With a portfolio comprising 196 properties covering a total of 1.5 million square metres of lettable space, SA Corporate’s portfolio is independently valued at R16.8 billion (2016: R15.0 billion) (excluding 3 properties in Zambia which are equity accounted). The Company is listed on the JSE as a diversified REIT and is one of the Sunday Times Business Top 100 Companies is South Africa.
The R15 billion [31 December 2016] portfolio is focused on industrial, retail, inner-city residential and commercial assets, primarily located in the major metropolitan centres of South Africa.
The Company was reconstituted from SA Corporate Real Estate Fund (the Fund), a CISIP (a collective investment scheme in property in terms of the Collective Investment Schemes Control Act, No 45 of 2002, as amended) to a Corporate REIT, SA Corporate Real Estate Limited, in July 2015. The JSE granted the Fund REIT status with effect from 1 January 2014.
The Company has a good tenant retention ratio with an impressive industrial portfolio, strong balance sheet and moderate gearing. It offers an attractive investment for those looking for a balanced, moderate risk investment in quality real estate through an easily tradable instrument.