Delta Property Fund Limited (JSE:DLT)
Delta Property Fund Limited (JSE:DLT) is the dominant sovereign listed property fund in South Africa. The Fund is represented in all 9 of South Africa’s provinces with assets spread across office, retail and industrial sectors.
Delta is a level 2 B-BBEE contributor and the fact that it is black managed means Delta qualifies for long-term government leases in terms of the National Department of Public Works incubator programme. This translates into Delta being able to offer investors secured income through access to quality assets with low vacancies and strong anchor tenants.
At listing in November 2012, Delta had a total of 20 well established mainly AAA to B grade high-quality office buildings located across the country. Now with more than 100 properties in the Fund, Delta intends to continue focusing on strengthening the quality of its property portfolio, through acquisitions as well as refurbishments and upgrades to enhance their position as the preferred landlord for government and SARS.