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 2013.

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:
Jaclyn Lovell, Marketing Concepts
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 visit www.jse.co.za

ISSUED BY:
Victoria Williams
H+K Strategies
Tel: +27 11 463 2198
Email: victoria.williams@hkstrategies.co.za  

Zeona Jacobs
Director Issuer and Investor Relations
JSE Ltd