AFRICAN FOCUS VISION AND COMPANY OBJECTIVES:
The mission statement of the company sets out the objectives of the company namely:
“an African Focused Property Fund which will be accessible for offshore and local investors, specialising in secured yielding retail,
commercial and industrial properties in South Africa and Sub-Saharan Africa as a REIT (Real Estate Investment Trust), with the
capabilities to structure off balance sheet developments to be vended into the REIT at an above average forward yield for investors.”
The company will be listed as a REIT on the Johannesburg Stock Exchange (JSE) by July 2013. The planning process for an offshore listing is at an advanced phase. African Focus is actively vending in assets and making acquisitions of suitable stock. The fund’s target asset value exceeds R2 Billion at listing of the REIT. An additional R 2 Billion of development properties are currently in the planning and negotiation stage. A large percentage of these development properties are located in Sub-Saharan Africa, outside South Africa
The company enjoys exceptional institutional support over a broad spectrum and has secured equity capitalisation to fund their acquisitions to a large extent. A number of smaller industry players have expressed interest to combine their assets with African Focus to establish critical mass within a greater consortium. The African Focus Team offers extensive retail proficiency as well as aggregation of several reputable property industry participants and service providers.
The final organisation structure and Board members will be announced as soon as final stakeholders and current negotiations are completed.
For any further information you are welcome to contact us at:
Fax : 0865008961
Phone: +27 12 770-6533 (Pretoria) - Cape Town office number TBA
Mobile: +27833667348 (Kobus )