Landlords in the burgeoning office hub of Rosebank are not shy to charge premium-grade office tenants top-end rentals, given the demand for space in the district.

Attacq reports a 15.3% increase in adjusted net asset value per share for the year to end-June to R21.89.

Capital growth fund Attacq grows its net asset value per share 15.3% in the year to June.

Attacq Limited today posted its annual results for the year ended 30 June 2016.

Waterfall – ATTACQ has received the MSCI South Africa Real Estate Award in 2016 for best performing property fund in the office sector from MSCI, a leading provider of research-based indexes and analytics, at the 14th MSCI Real Estate Conference at the Table Bay Hotel in Cape Town. Attacq achieved a return of 16.5% and thus securing the top honours in the office sector.

Attacq is a leading capital growth fund in the real estate sector founded in 2005. It acquired the Waterfall development rights in 2008.

The joint venture has acquired 28ha of Waterfall land from Attacq and an additional adjacent 100ha from the Mia family, securing a total of 128ha of usable land on the eastern side of the N1 freeway and south of the Allandale interchange.

Developed on a scale beyond anything the country has known by leading South African property developer and investor Atterbury, the iconic new Mall of Africa is set to open in less than a month, on 28 April 2016.

Speculation and interest surrounding the nature of the iconic, concrete tower structure situated along the N1 highway near Allandale interchange, have recently peaked.

Attacq achieved a 27.6% growth in net asset value per share (“NAVPS”) adjusted for deferred tax for the full year compared to December 2014 and a year-on-year growth of 24.5% in NAVPS.