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 ATTFUND
Location: Faerie Glen, Pretoria, Gauteng
Property Type: Property Fund
ZAR Price on Application
Contact: SA Investment +27(0)21 794 0908
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ATTFUND is a public unlisted South African based company. With its latest acquisition of the CapeGate retail precinct at a cost of R1.3 billion, ATTFUND’s property portfolio will grow to in excess of R 6 billion. The CapeGate Retail precinct is situated in the north-eastern suburbs of Cape Town and has direct access from the N1 motorway via the Okavango off ramp.

The precinct consists of the CapeGate Regional Shopping Centre, CapeGate Lifestyle Centre, CapeGate Value Centre, CapeGate Trade Centre, CapeGate Nissan, CapeGate Engen, CapeGate Steers and CapeGate Décor Centre. In addition as part of the bid, second phases to the Lifestyle Centre to accommodate a Virgin Active Gym as well as the Regional Centre for a Game store, are included. Also included are some vacant erven on which a possible Motor City as well as other commercial buildings may be erected.

Currently ATTFUND’s impressive retail investments include upmarket shopping centres like Woodlands Boulevard, Clearwater Mall, Atterbury Value Mart, Somerset Value Mart, Garden Route Mall and Centurion Mall (where we are co-owners with Allan Gray Property Trust).

A well-defined business strategy, formidable selection criteria and utilising the extensive expertise of ATTFUND’s executives and core officials in a continuous hands-on approach, are key elements in our remarkable success story.

ATTFUND was formed through the efforts of a group of individual professionals working together, each with specific expertise in essential fields. They include Francois van Niekerk of Infotech who, together with Louis Norval, had developed Atterbury Value Mart; Louis van der Watt, the Chief Executive Officer of the Atterbury Group with offices in Johannesburg, Pretoria and Cape Town; and Neno Haasbroek of Stellenbosch who had developed property through Gryphon Finance and had managed Prima Property Trust. Norval, through Parkdev, had built a number of successful office parks and other commercial properties.

ATTFUND represents the property investment vehicle for the three main property development companies in the group (Atterbury, Parkdev and Gryphon) and was formed a few years ago in accordance with a set of well-defined criteria. Although these companies develop jointly for ATTFUND, they still maintain their individual identities.
 
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