Attacq Limited, SA’s pioneering JSE-listed Real Estate Capital Growth Fund, today announced it has acquired a significant 48.75% stake in two leading shopping centres in the capital of Cyprus, Nicosia.

Mall of Africa is scheduled to open its doors in April 2016 in the heart of Waterfall City.

Attacq on announced a strategic restructure of its board with Louis van der Watt becoming a non-executive director of the company, having previously acted as an executive director.

Property fundamentals in SA remain challenging, but strong capital markets and lower yields for longer will be supportive of listed real-estate performance.

Nicolle Weir is the Operations Director of Sub-Saharan Africa at Bounce Inc.

Attacq and Property Point, a Growthpoint Initiative are pioneering real estate industry collaboration for meaningful and transformative enterprise development with a ground-breaking new partnership.

Attacq Limited posted a 5.1% growth in net asset value per share (“NAVPS”) for the six-months to 31 December 2014 and 20.8% growth in NAVPS for the full year compared to December 2013.

Driving through Midrand will soon be a whole lot easier thanks to a new R160 million highway overpass bridge being constructed by Waterfall City.

Atterbury Property will develop the new head office of PwC at Waterfall City, Midrand, which will be an iconic 26 storey building and the first high-rise within the booming precinct.

Attacq Limited, successfully closed a R640 million capital raising.