SA CORPORATE REAL ESTATE LTD

SA CORPORATE REAL ESTATE LTD Organogram

SA Corporate Real Estate Ltd (SAC) is a JSE-listed Real Estate Investment Trust (REIT) which owns, through its subsidiary companies, a diversified property portfolio of properties in the industrial, retail, commercial and residential sectors. Its properties are located primarily in the major metropolitan areas of South Africa with a secondary node in Zambia comprising 3 properties in the retail and commercial sectors, in which the company holds a 50% interest through a joint venture arrangement. As of December 2023, SAC\'s assets under management were valued at R19.0 million. The property portfolio consisted of 267 properties covering a total area of 1.7 million square metres of lettable space with a combined value of R17.7bn. (excluding three Zambian properties which are held in JVs)\r\n\r\nProperties in South Africa:\r\n• Retail - 23\r\n• Industrial - 45\r\n• Afhco and Indluplace - 179\r\n• Storage - 18\r\n• Commercial/Office - 2\r\n\r\nThe property management function for the traditional portfolio is outsourced to Broll Property Group (Pty) Ltd, while the property management for the AFHCO portfolio is performed in-house either directly or through AFHCO Property Management.