Attacq is undervalued and its burgeoning Waterfall pipeline makes it SA’s most attractive listed developer, CEO Morne Wilken says. Attacq owns about 1-million square metres of developable land in Midrand’s Waterfall precinct, of which 608,000m² is already serviced. Speaking at the release of financial results for the year to June, Wilken said Attacq offered a value proposition in that it already had development opportunities in Waterfall, while other companies had to search for them. "We have development opportunities sitting on our doorstep at Waterfall. Our competitors have to look for opportunities across SA," he said. During the financial year, the value of the developed Waterfall portfolio increased R202.9m to R3.6bn, comprising 13% of total gross assets. "Waterfall is the ideal location for corporate consolidation due to its central location and ease of access to the rest of Gauteng. Waterfall City is anchored by the Mall of Africa and it is evident that Waterfall is becoming ...
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