Accelerate Property Fund is a real estate investment trust (Reit) listed on the JSE comprising 69 properties worth R11.6bn. Based on revenue, the portfolio is split between retail (67.4%), office (26.5%), industrial (6.1%) and European retail (2.7%). The company differentiates itself with its nodal strategy by assembling a number of properties in specific locations. Three such nodes have been targeted, including Fourways and Charles Crescent in Johannesburg and the Foreshore in Cape Town.The year ending March 2017 was both transformational and eventful for Accelerate. The company concluded R2.8bn worth of acquisitions comprising of the Portside building for R755m and the Murray & Roberts building for R165m, both located in Cape Town’s Foreshore, Eden Meander in George for R365m, the Citi Bank building in Sandton for R300m, and, lastly, its first offshore acquisition in Central and Eastern Europe (CEE) for R1.2bn. These acquisitions represent growth of 33% on the 2016 portfolio value...
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