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 Oryx Properties Limited - Property Loan Stock Company listed on NSX
Location: Windhoek, Namibia
Property Type: Property Fund
ZAR Price on Application
Contact: estata
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Oryx Properties Limited is the only primary listed property fund in Namibia, and is the second largest primary listing on the Namibian Stock Exchange (NSX). The fund was listed on the NSX in December 2002.

Oryx owns a premier quality retail, industrial and office real estate portfolio in Namibia, with 99% of the portfolio being based in the capital of Windhoek. The portfolio was valued at N$752 million at the end of December 2008: with 194 shareholders and 55,041,675 shares issued. Oryx’s flagship is the Maerua Mall complex, the largest shopping centre in Namibia.

Oryx has a well-tenanted portfolio, with over 88% of the floor space occupied by South African nationals or their franchisees. Oryx has a very low vacancy rate with less than 2.54% of lettable area vacant at the end of December 2008.

Oryx offers the benefit to investors of being able to own a share of a sizeable and diverse property portfolio, and introduces the benefits of diversification into another Southern African country. Oryx distributes all of its net property income to investors in the form of debenture interest.

INVESTMENT OBJECTIVES

Oryx owns a premier quality real estate portfolio and seeks to grow the portfolio by the acquisition or development of additional properties which will have escalating income streams derived from quality tenants so as to secure long term earnings growth. In addition, Oryx may from time to time invest in Johannesburg Securities Exchange (JSE) listed real estate securities to allow for flexibility in respect of new direct real estate investment opportunities, portfolio diversification.
 
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