Attacq lists on the JSE
October 14, 2013
Johannesburg, 14 October 2013 – Today Attacq (JSE: ATT)
listed on the JSE’s Main Board becoming the 17th property company to list on the
JSE in the past three years.
Attacq is a South African real estate fund with assets of R13.35 billion and
a portfolio which includes Waterfall Business Estate in Midrand, Garden Route
Mall in George, Eikestad Mall in Stellenbosch and Lynnwood Bridge in Pretoria.
The company holds a 25% shareholding in Atterbury Property Holdings a private
development company and a 32.5% shareholding in the Mauritius based Atterbury
Africa Ltd, a property investment company focused on developing shopping centres
on the African continent outside of South Africa. With a focus on capital growth
rather than income, Attacq will be listing in the JSE’s real estate sector
Estate and will not seek REIT status.
“Listing Attacq will create a foundation to grow the business further. It
enables Attacq to access capital efficiently, raise its profile and expand its
investor base, all of which should enhance the company’s prospects.” says Morné
Wilken, CEO of Attacq. Before listing Attacq raised R800 billion through an
oversubscribed private placement.
“We’re very pleased to welcome Attacq on to the JSE. This is a much
anticipated listing in a sector that has enjoyed good growth in the past years
as Africa’s property development needs expand. It’s a sector that is well
understood by both local and international investors,” says Zeona Jacobs,
Director of Issuer and Investor Relations at the JSE. Other property listings
for this year are Tower Property Fund this past July and GoGlobal Properties
which listed in April.
The sector’s growth has been driven partly by the
global search for predictable and growing income streams. The JSE’s real estate
sector now boasts 46 listed property companies accounting for just over 4% of
overall JSE market capitalisation. The listed property section has grown from
R19 billion at the end of September 2003 to R177.2 billion at end of September
South Africa is ranked second in the world for raising capital through the
local equity market according to the recently released World Economic Forum’s
Global Competiveness Report for 2013-2014. In the latest report, the country
moved up one place from last year’s ranking.
For more information about Attacq please visit http://www.atterbury.co.za/attacq/about-attacq
For media enquiries regarding Attacq please contact:
Tel: +27 11 783 0700
About JSE Limited
As South Africa’s only full service
securities exchange, the JSE connects buyers and sellers in five different
financial markets, namely equities, equity derivatives, commodity derivatives,
currency derivatives and interest rate products. The JSE Ltd offers the investor
a truly first world trading environment, with world class technology,
surveillance and settlement in an emerging market context. It is amongst the top
20 largest equities exchanges in terms of market capitalisation in the world. In
terms of derivatives, the JSE is currently ranked the 20th largest exchange by
the Futures Industry Association (FIA).
For further information, please
Tel: +27 11 463 2198
Director Issuer and Investor Relations