Overview | Mission, Vision & Values
Mission
To lead through People, Innovation, Optimization of Capital, Quality Assets and Relationship
Vision
Our vision is to be the best property fund.
Values
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Trust
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Teamwork
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Respect
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Professionalism
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Integrity
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Honesty
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Excellence
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Compassion
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Community Responsibility
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Accountability
Background & History | Rebosis Property Fund
Rebosis Property Fund Ltd was established by the Billion Group in 2010 and on 17 May 2011 became the first black-managed and substantially black-held property fund to be listed on the JSE. On 24 July 2013, the Fund was approved as a Real Estate Investment Trust (REIT).
The Fund’s portfolio primarily consists of early stage, regionally dominant shopping centres and large, single-tenanted commercial offices in nodes attractive to the South African government providing a sovereign underpin.
JSE main board listed Rebosis Property Fund provides investors with access to an R17.5bn portfolio of predominantly large, defensive retail malls located in key economic nodes across South Africa.
Despite its considerable size, Rebosis’ portfolio consists of 43 properties currently, allowing for focused approach when it comes to cost savings initiatives, tenant optimisation and lease renewals, improving the overall quality of the Fund.
Timeline | What we’ve been up to
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July 2014 to Feb 2015
Acquisition of 28.0 million A units and 82.6 million B units in Ascension for R348.8 million which increased holding to 32.1% in Ascension Completion of Hemingways expansion and tenant mix optimization programme Commencement of Bloed Street Mall redevelopment project
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Feb 2014
Acquired strategic investment of Ascension ManCo for R150 million Acquisition of 109.4 million Ascension B units for R289 millioon 13.2 million Rebosis units issued in part settlement of the purchase price
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Sept 2013
Acquisition of 5 office properties (Nthwese portfolio) for R1, 06 billion 25.43 million Rebosis units issued to settle R300 million of Nthwese purchase price increasing the Fund’s BEE ownership
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April 2013
Transfer of Antalis (R120 million)
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Feb 2013
Rights offer 58 million shares (R650 million)
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July 2012
Acquisition of 4 office properties (+/- R523million)
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May 2012
Vendor placement – 29.4 million shares (R295.5 million)
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Nov 2011
Transfer of Bloed Street Mall (R356 million)
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May 2011
Listed on 17 May 2011 with 7 properties (R3.3 billion)
Leadership & Management | Our Team of Professionals
Otis Tshabalala
