Atterbury Investment Holdings recorded the highest annualised total return over a three-year period in the IPD database and walked away with the overall Investment Property Databank (IPD) Direct Property Investment Award 2011. It achieved a 17.6% total return across its entire property portfolio.
Resilient Property Income Fund took top honours in the Retail property sector with a 16.8% total return, Atterbury also landed the Office sector award with a 20.9% return and the Beaux Lane Fund was the top performer in the Industrial sector, with a 23.8% total return. All results are based on the annualised results for the 3 years ending December 2010.
Announced annually at the IPD Property Investment Conference (27-29 July, Cape Town), the awards are aimed at showcasing superior fund performance and illustrating the essential value of investing in commercial property. The awards are sponsored by Nedbank Corporate Property Finance.
The funds included in the overall IPD universe are made up of both listed and unlisted property funds representing 61% of all professionally-managed real estate in South Africa. IPD covers some 67% of the capital value of the Property Unit Trusts (PUT’s) and Property Loan Stocks (PLS’s) listed on the JSE.
“IPD South Africa provides the calculations on which the results are based and it is gratifying to be involved in this recognition of superior performance,” says IPD SA managing director Stan Garrun.
He adds, “The awards are based on validated results over three years, focussing on the property fundamentals, excluding the impact of gearing, fees and other financial interventions that would reflect in a funds’ overall result but may cloud the performance of the underlying assets. Both listed and unlisted vehicles are included in one database, thereby providing a just comparison of quality of stock, asset selection and management.”
For the first time, IPD presented their internal Data Quality Award at the event. This award is bestowed on the company that best meets IPD’s data provision criteria which are accuracy, completeness, timing and detail. The winner was the Community Property Fund.
Garrun comments “Everything we do is based on data and we are very strict with the handling of this. We believe that this discipline can positively affect a fund’s performance and it certainly impacts on the industry as a whole. High quality standards and transparency are the cornerstones of good governance and IPD’s information has enabled the analysis of property with the same techniques and rigour as are applied to equities and other financial assets. We want to stress this by making the award public”.
Frank Berkeley, managing executive of Nedbank Corporate Property Finance says, ‘Nedbank is committed to investing in the property industry and believes strongly in the importance of data and the role it plays in allowing property industry players to make informed decisions. We also believe it is necessary to recognise exceptional performance and would like to take this opportunity to congratulate Atterbury Investment Holdings, Resilient Property Income Fund and Beaux Lane Property Fund for taking the honours this year.’
