COLLINS PROPERTY GROUP LTD

COLLINS PROPERTY GROUP LTD Organogram

Collins Property Group Ltd is a real estate investment holding company. The company\'s main focus areas include South Africa and the United Kingdom.\r\n\r\nDue to the extensive restructuring of the Group required to convert into an industrial REIT, focus was placed on growing its portfolio and focusing on upgrading its quality by selling off non-core assets to free up capital for future growth, especially offshore.\r\n\r\nAs of 29 February 2024:\r\n• The Group’s South African (“SA”) portfolio of just over 1.4 million square metres of lettable area, 81% consists of industrial warehouses and distribution centres. The balance of the SA portfolio is made up of convenience retail properties (13%), an increasingly popular asset class, and offices (6%).\r\n\r\n• The Group acquired four properties in the Netherlands (mainly industrial). In addition, its six properties in Austria.\r\n\r\n• The Group disposed of the entirety of its United Kingdom property interests, the subsequent closures of its Malta and Swiss offices.\r\n\r\nThe disposal was completed on 17 November 2022, when the group disposed of its 100% equity in its subsidiary Moorgarth Holdings (Luxembourg) S.ar.l, comprising the United Kingdom operations known as Moorgarth, which in turn hold a 90% equity interest in a United Kingdom based serviced office business known as Boutique (collectively the “Moorgarth group”). The Moorgarth group qualified as a discontinued operation as it was a component of the group that represented a separate major line of business.