After much anticipation, we are incredibly privileged to announce today’s launch of the new Atterbury Group real estate development fund. This new fund will become the holding company for a number of Atterbury’s quality property assets. A strategic BEE deal is also on the radar.

Louis van der Watt, CEO of the Atterbury Group, says: “Atterbury Property Fund will take Atterbury confidently into the future. We are excited to be taking the next step in our journey.”

Atterbury has earned an enviable reputation for creating and growing property funds. Most recently, JSE-listed real estate capital growth fund Attacq grew out of the Atterbury stable. Atterbury Property Fund is Atterbury’s next chapter and Van der Watt and Atterbury’s employees will be among the shareholders in the fund.

Starting as an unlisted fund, Atterbury Property Fund will launch with assets valued at R2 billion. The fund will also have an immediate development pipeline with potential to double this value with top quality assets, distinguished by the quality design and function that the market has come to know and trust from Atterbury.

The current portfolio is predominantly high-end retail, with some exposure to AAA-grade commercial offices. Our aim is to triple the fund’s asset value over the next five years. This could be achieved through leveraging Atterbury’s proven track record and networks, as well as through strategic partnerships – true to Atterbury’s slogan, It’s a matter of association.

Atterbury’s shareholding in the following assets will be held within the Atterbury Property Fund: The Grove – Mall of Namibia (52 089m²), Bagatelle – Mall of Mauritius (46 225m²), The Falls retail development in Roodepoort (10 341m²), Bela Mall (17 294m²) and the Riverwalk Office Park (12 000m²) tenanted by Deloitte. New and future developments included in the pipeline are the prestigious BAT building at the V&A Waterfront and the new KPMG building in Pretoria.

This unique development fund will, in the Atterbury spirit, take advantage of property investment opportunities where it can create and add value with its leading-edge property and asset management expertise.

The fund’s long-term approach will mean shareholders won’t receive distributions for the first few years. Atterbury Property Fund is investing for the long term. As a new real estate development fund, it will already have the track record, know-how, experience, relationships and credentials to make a real impact, creating even more opportunities and value for our investors, partners and society, now and in the future.

Gallery