Attacq achieved the highest 3-year annualised total return in the Office sector at a total return of 17.1% and also topped the Industrial sector with a 3-year annualised total return of 25.7%. This is the second year running where Attacq has retained the top position in the Office sector and has added to its accolades the top position in the Industrial category.
MSCI is a renowned research firm which measures the performance of listed and unlisted property funds per market sector based on total return over a three-year period. Determined strictly in accordance with MSCI’s globally defined data standards and performance measurement procedures, the awards are based upon independently verified direct real estate investment performance by both listed and private funds, across more than 20 eligible South African portfolios. Eligible funds were measured to June 2016 or December 2016 by MSCI’s Real Estate Portfolio Analysis Service, which provides investors with an independent audit of returns against a relevant market or sector benchmark.
“These two awards highlight the excellence which is a key driving force of our asset management team, who constantly strive to improve service levels and drive value for all our stakeholders. Our approach is to always be proactive in how we manage our assets and we are excited that industry has again recognised the value that Attacq continues to deliver”, says Debbie Theron, Attacq's Head of Asset and Property Management: Office and Mixed Use.
Attacq’s flagship assets, which are predominantly situated in Waterfall City and Waterfall Logistics Hub, have attracted some enviable international brands to its tenant list such as Dow, Diageo, Novartis and Premier Foods. Light industrial companies currently operating from the Waterfall Logistics Hub, including Amrod, Hilti, Cummins and the new BMW Group South Africa distribution centre which is nearing completion.
Theron continues, “The asset management team puts the tenant at the forefront of it business. We are constantly looking for new and innovative ways to extract value from the properties but we don’t compromise on service levels and quality. The two portfolios are top performers in the industry and these awards proves that hard work and dedication will always be rewarded.”
Phil Barttram, Executive Director at MSCI says, “These awards underscore the contribution of underlying property returns as well as the importance of active asset management, to the evolving sector risk-return dynamic. We’re delighted to recognise the outstanding performance of these portfolios and their associated teams. Furthermore, we would like to emphasise each contributing fund's role in building the industry's global reputation for transparency and reliable risk-returns.
Barttram adds, “This year sees the introduction of a 10-year risk adjusted award to complement the three-year annualised return awards and will be our 22nd year of providing direct property benchmarks and indices for investors in South African real estate”.
