A high performing property investment fund of which Atterbury owns 25%, the Rapfund focuses on high profile and upmarket shopping centres situated in areas of high-income households and almost without exception, areas characterised by prolific residential development. As a result of this unique composition, the fund shows strong growth in income coupled with a reliable expectation for long term capital growth.

The centres are typically under 15 000 square metres and usually anchored by a Woolworths and/or a Pick n Pay.

Smaller centres that may not have these anchors but carry the correct dynamic or strategic value to fit within the exclusive branding of the fund are also included. As a rule the centres are situated in RAPfund’s properties are primarily sourced from the Retail Africa development team whose prolific delivery has seen RAPfund’s fairly young compliment of properties grow exponentially.

It is currently made up of approximately 10 centres, with a further 8 currently under construction pegged for acquisition upon completion. RAPfund is well on track to achieving its projected capital value of R1.5bn by 2010.