Attacq to pay first dividend to shareholders

Attacq, which owns the Waterfall precinct in Gauteng, will pay its long-awaited first dividend in October 2018, rewarding patient investors with R500m. Attacq plans to become an income-paying real estate investment trust (Reit) in 2018. The group made the announcement during the release of its financial results for the six months to the end of December on Tuesday. It also reported that its net asset value per share rose 9.5% during the period. The group generated distributable earnings per share of 38.9c. “As we transition to a real estate investment trust, we remain focused on our four value drivers, namely our South African portfolio, strategic investment in MAS Real Estate, the Waterfall development pipeline and our retail investments in the rest of Africa while ensuring that we deliver sustainable growth and unlock shareholder value,” said interim CEO Melt Hamman. Over the past six months Attacq had concluded a total of 92,456m² of leases for new office and industrial space. Att...