Octodec Investments Limited (JSE:OCT)

Jeffrey Wapnick
MD
Market Cap (AUD): 2.21B
Sector: Financials
Last Trade (AUD): 8.32 +0 (+0%)
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1. About

Octodec Investments Limited (JSE:OCT) is a real estate investment trust (REIT) and one of the largest owners of property in the Tshwane and Johannesburg CBDs.

Octodec is committed to delivering long-term stakeholder value through an innovative and visionary perspective on property investment. Octodec's focus is on unlocking value in urban spaces. It does this by growing its existing portfolio and focusing on redeveloping and upgrading properties.

Residential Spaces

Octodec's first conversion of a CBD property into residential units to meet the demand for quality accommodation at affordable prices was in 1998. The group's residential property portfolio now contains about 9 500 apartments and 14 500 tenants in the CBDs of Tshwane and Johannesburg and is well positioned to take advantage of urbanisation and densification trends.

Retail Spaces

Octodec offers quality high-street retail opportunities on the ground floors of buildings and in walkways and arcades in the Tshwane and Johannesburg CBDs where Octodec has invested in upgrades to contemporary retail standards. Growth opportunities in CBD retail exceed that of traditional shopping malls and they have the added benefit of lower tenant costs, including lower common area cleaning and air conditioning requirements.

Offices

Octodec’s office portfolio consists of three diverse offerings suited both to government and large corporates and to tenants who require smaller, individualised pockets of office space. The Rentmeester and Persequor office parks in Tshwane are examples of offerings suited to the requirements of government and large corporates. The Towers brand was specifically developed to meet the increasing demand for smaller, individualised offerings from newly qualified graduates starting out in the CBD, professionals and small enterprises.

Industrial Spaces

Octodec's industrial offering includes warehouses, mini factories, workshops and industrial parks. The upgrading of this sector in the portfolio is aimed at attracting small businesses to certain nodes and attracted better quality tenants with longer lease terms. The group is continuing to customise premises to specific tenant requirements.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk