Accelerate Property Fund Ltd (JSE:APF)

Michael Georgiou
Market Cap (AUD): 1.11B
Sector: Financials
Last Trade (AUD): 1.18 +0 (+0%)
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1. About

Accelerate Property Fund Ltd (JSE:APF) is a Real Estate Investment Trust that acquires, develops and leases premium sites in commercial, industrial and retail sectors.

Based in South Africa, Accelerate focuses on creating a balanced and diversified portfolio of properties in strong nodes across the country. The Fund's strategic nodes are in leading economic hubs, namely Johannesburg (Fourways and Charles Crescent) as well as the Foreshore in Cape Town and Eden Meander in George.

Accelerate also holds a portfolio of nine well-located retail warehouse properties in Central and Eastern Europe (six in Austria and three in Slovakia), offering investors international exposure. 

The Fund owns several properties in Fourways, including the super-regional Fourways Mall, Cedar Square, The Buzz, Waterford, BMW Fourways, and the Leaping Frog Centre.

It also owns the Oceana Building, the Mustek building, the Thomas Pattullo building and Portside building on the Cape Town Foreshore as well as the majority of properties in Charles Crescent, Sandton.

Accelerate’s European portfolio predominantly comprises single-tenant properties in Austria and Slovakia.

Accelerate Property Fund focuses on:
• key strategic nodes;
• redeveloping and upgrading properties to enhance their value;
• delivering on tenants’ expectations; and
• maintaining tight control over property expenses to deliver exceptional value for shareholders.

The Fund acquires, develops and leases premium sites in commercial, industrial and retail sectors. The retail sector (including offshore) comprises almost 70% of its property portfolio by revenue.

The Fund was listed on the Johannesburg Stock Exchange in December 2013. It is headquartered in Fourways, Johannesburg.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk