Delta Property Fund announce R1bn property acquisitions

Posted On Monday, 11 November 2013 07:51 Published by
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Delta Property Fund announce R1bn acquisition of various letting enterprises and properties

Sandile Nomvete, Delta Property Fund

The Acquisitions are in line with Delta's strategy of actively pursuing investment opportunities that will enhance the overall quality and value of its portfolio.

The Acquisitions represent an attractive investment to Delta Linked Unitholders as it introduces well-established properties with low risk tenants. Based on GLA, 86% of the Acquisitions represent single tenanted properties.

Furthermore, the Karimu Portfolio provides an opportunity to further diversify Delta's geographic spread into Mpumalanga and offers redevelopment opportunities which may lead to further value extraction for Delta Linked Unitholders.

The property manager who will be responsible for the Karimu Portfolio has significant representation in Mpumalanga.

Through the acquisition of the Capital Portfolio, the Rob Alexander Portfolio and the Trifecta Portfolio, Delta is bulking up in regions in which it has existing asset management and property management representation.

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