FUND 2

PROPERTY PORTFOLIO

303,300 sqm

Total GLA

R3.5 billion

Current Value of Assets

Retail Portfolio

  • Enyuka Property Fund
  • Hatfield Plaza (Hatfield CBD, Pretoria)

Offshore Portfolio

  • Residential Apartment Blocks (Germany)

Residential Portfolio

  • Central Park. (Kempton Park CBD)

Office Portfolio

  • Inani Prop Holdings
  • Family business that has diversified itself into an investment holding entity
  • Invested over the past 40 years in listed, private equity and property assets
  • Initially established by Ivor Ferreira over 40 years ago, compromising what became Rhodes Food Group which is today listed on the Johannesburg Stock Exchange

VALUE CREATION

  • 50%OWNERSHIP

  • Established 2011
  • Team has been together since 2007
  • Combined team experience of 150 years
  • Retail focus
  • History of value creation
  • Expansion strategy
  • Five to seven year horizon

Enyuka Property Fund

About Us

  • Emira Property Fund and ONE Property Holdings joined forces to grow retail assets and create a larger low-LSM retail portfolio, launched as Enyuka Property Fund. Enyuka is the Zulu word for ascend.
  • Enyuka started out with Emira’s R575 million portfolio of retail properties, a R50 million cash contribution from ONE and a gearing cap of 50%, which created a war chest for immediate acquisitions and developments of up to R625 million.
  • As at March 2018, the total value of the Enyuka portfolio is R1,1 billion
  • Emira holds a 49.9% share of the ordinary equity in the business and ONE 50.1% share.
  • The portfolio is expected to grow in critical mass within the next 5 years.

Why Us

  • ONE will be chiefly responsible for the growth of the Enyuka portfolio through acquisitions and developments, and together with Emira it will also undertake the asset management operations
  • The new venture has first-right opportunities for lower LSM retail coming from both ONE and Emira
  • A current pipeline of similar assets, and further development opportunities of up to R500 million
  • Emira in an Income Fund while ONE is a Capital Growth Fund

OEH International

To build a stable and actively managed property portfolio in Europe
Producing income at a yield of 6%
A debt rate of 2%
Managed and controlled from South Africa
Using South African property skills & expertise to extract maximum value
All dividends and capital profits to be distributed back to South Africa, to increase the capital value of the South African business

OEH Urban SA

This stream recently got off the ground with the purchase of a R420m shopping centre in Hatfield, Pretoria – one of South Africa's biggest and busiest CBDs.
A number of other acquisitions are in the pipeline.