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CapeGate Retail Precinct:
Number of Stores: 238
Parking Bays: 4,252
GLA: 106,127 m² /
1,184,341 sq ft
Tel: +27 (0)21 981-2288
Fax: +27 (0)21 981 2289
Physical: Cnr Okavango &
de Bron Rd,
Brackenfell
Cape Town
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ATTFUND WAS FOUNDED in 2002
with a portfolio worth R670m, which
has today grown to
total assets in excess of R8bn. A public
unlisted property fund it has
a net asset value of R5bn.
Currently, 11% of the company
is owned by a black
economic empowerment
consortium – a grouping of
property specialists, including
Sisa Ngebulana and
Nazeem Khan.
Louis Norval, a founder
member and currently CE of
Attfund says: “The key elements
of our success story
are a well-defined business
strategy, a formidable selection
criteria and utilising
the considerable expertise
of Attfund’s executives and
core officials in a continuous
hands-on approach.”
“When we set out we
wanted to focus on few – but
high value –investments in
the upper income market,
because that’s where our
expertise lay. That enables us
to spend more time on each
investment. Similarly, when
it came to commercial office
space we only want to invest
in office parks, as that offers
the flexibility to enable tenants
to gradually increase or
decrease their space as they
expand or shrink. That in turn
helps keep vacancy levels
particularly low.”
Attfund’s current investments
in South Africa consist of impressive retail holdings
in upmarket shopping centres as well as four corporate office parks.
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