Construction World September 2016

> MARKETPLACE

Major BUSINESS STRIDES announced ATTACQ is happy to

real estate peers. Its relatively new, quality property portfolio, including its stake in the recently launched Mall of Africa as well as its offshore assets which are now in excess of 24% of gross assets, are bearing fruit for investors. “Our vision is to create sustain- able capital growth for shareholders and to become the premier property fund in South Africa. Hence to effectively communicate this with the market we have created a powerful new brand for Attacq that aligns with our vision,” says Wilken. Accelerated internalisation of Waterfall development Attacq has taken the strategic decision to accelerate the internalisation of the Waterfall development management function to enable Attacq to take full control of the strategic planning, marketing and roll-out of the Waterfall developments. Attacq will drive the development of Waterfall City and its world-class infrastructure as the African headquarter destination for years to come. “Attacq and Atterbury have agreed to amend the existing development manage- ment agreement to terminate the exclusivity of Atterbury’s appointment as development manager to Waterfall effective 1 July 2016,” explains Wilken. In anticipation of the expiry of the exclusivity period, Attacq has been assembling its own development team and appointed Pete Mackenzie, who has over 25 years’ experience in the property develop- ment and investment sector, as its head of developments. As part of the internalisation of the development function, Attacq has appointed Morné Whitehead, who was previ- ously with Atterbury. “From a practical point of view, the completion of certain developments in the ground will remain the responsibility of Atterbury so Atterbury will continue to earn the remaining development fees in respect of these developments,” explains Wilken. Wilken concludes: “In addition to the benefits of taking full control of Waterfall’s development management, Attacq will also effectively earn fees from its property developments”. Exciting Sanlam and Equites transactions Attacq and Sanlam Properties recently announced a significant strategic prop- erty transaction for further light industrial commercial and retail development in. The joint venture has acquired 28 ha of Waterfall land from Attacq and an additional adjacent 100 ha from the Mia family, securing a total of 128 ha of usable land on the eastern side of the N1 freeway and south of the Allan- dale interchange. This land is ideally located in the visible Waterfall development node, which is perfectly located between the Allan- dale and Buccleuch interchanges. The area

> Attacq recently unveiled its newly refreshed brand to members of the media and key stakeholders. “The vibrantly refreshed brand boasts a new colour palette dominated by red and grey, denoting confidence in our future sustainability and is akin to the investment leadership position Attacq has carved for itself as a successful listed capital growth fund,” says Morné Wilken, chief executive officer of Attacq. “The modern and vibrant logo supported by an equally recognisable icon element to identify and differentiate Attacq both in the real estate segment and the investment world,” explains Wilken. “The new brand resonates with our creative approach to business and is supported by our business philosophy of ‘Develop, Invest and Grow’. The brand refresh is the next salient step of our fully integrated marketing communication and stakeholder engagement strategy that was adopted early in 2016,” says Wilken. Wilken said that Attacq as a capital growth fund, differentiates itself from its expands the Attacq Waterfall development footprint, and an accelerated internalisation of the Waterfall development management function. announce a major stride in its business development with the launch of a refreshed brand, significant new transactions that

Morné Wilken, chief executive officer of Attacq.

benefits from easy and convenient access to the road and rail infrastructure of the central Gauteng economic development zone. Sanlam holds 80% and Attacq holds 20% in the joint venture with Attacq having the right to increase its shareholding to 50%. Some 114 ha of the land will be utilised for light industrial commercial developments with the balance of 14 ha to be developed for retail purposes. The development roll out will be managed by Attacq. Extensive demographic and feasibility studies have been undertaken and fully support the proposed retail development to be done on the 14 ha of retail land in the near future. In terms of the retail development, Attacq has already elected to increase its shareholding in the joint venture to 50%. The 114 ha of light industrial commer- cial land is ideally located for light indus- trial activity and distribution centres. The developments on this land will in future also benefit from further infrastructure develop- ment and the additional access links that are foreseen for the area to the south of Allandale Road. Attacq has also concluded a transaction with with Equites, in relation to eight indus- trial buildings at Waterfall. The transaction forges a strategic partnership between Equites and Attacq for the purpose of jointly pursuing opportunities in the industrial property sector in and outside of South Africa. The parties will be able to pursue and unlock certain greenfield developments around South Africa which is consistent with the Attacq group’s value proposition of developing properties as part of its strategy of being a capital growth fund to earn devel- opment profits. A long term view is taken on property. The overarching strategy of Attacq is rooted in sustainable capital growth and robust appreciation, with emphasis placed on a far reaching outlook, similar to the asset class we invest in. Its vision unfolds through the development and ownership of a diversified portfolio of properties with contractual income streams.

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CONSTRUCTION WORLD SEPTEMBER 2016