Fountainhead wins IPD best listed office fund performance award

Posted On Wednesday, 26 August 2009 02:00 Published by
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Fountainhead Property Trust got the thumbs up yet again when it won the Investment Property Databank (IPD) “Top Listed Fund in the IPD Databank over three years” award in the Office category for the fourth consecutive year
The award is based on direct property total return on capital employed and annualised, as measured by IPD.
IPD supplies real estate performance analysis – impartially and independently – to investors, fund managers, property managers and occupiers worldwide. The award recognises top performers in the retail, office and industrial property sectors.
Fountainhead Property Trust managing director, Anton Raubenheimer, says the award is important as it measures the performance of ungeared portfolios.  “Winning recognition from a reputable body such as the IPD is evidence of how well we are doing and sends a positive message to the investment community,” he says
In addition to winning the office award for the fourth consecutive year, Fountainhead has also won the retail and industrial awards in previous years.
Raubenheimer says Fountainhead’s success can be attributed to an effective property management strategy. “We try to optimise net rental growth of existing properties as well as expanding properties with superior growth prospects and disposing off properties with inferior growth prospects. We also prefer owning properties in major metropolitan areas,“ he concludes.
Publisher: eProp
Source: FP

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