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%.
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 performance | Deliver 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