Tradehold Limited (JSE:TDH)

Friedrich Esterhuyse
Joint CEO
Market Cap (AUD): 2.61B
Sector: Financials
Last Trade (AUD): 9.02 +0 (+0%)
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1. About

Tradehold Limited (JSE:TDH) is a property investment holding company whose main focus areas are South Africa and the United Kingdom.

In South Africa its property holdings are concentrated in its 74,3% held subsidiary Collins Group while in the United Kingdom they are housed in the Moorgarth group, which is wholly-owned. As part of its operations in the United Kingdom it offers serviced office accommodation at close to 30 sites in Central London. Tradehold also owns a number of properties in Southern African countries outside South Africa, and then mainly in neighbouring Namibia.

Tradehold functions primarily through subsidiaries in South African and the United Kingdom:

South Africa

Collins Group (74,3% ownership)

Acquired towards the end of the 2017 financial year, it owns a portfolio of more than 140 properties with a gross lettable area (GLA) of more than 1.5 million square metres. Of these approximately 90% are industrial buildings, with among them a number of major state-of-the-art distribution centres and industrial complexes let on long-term triple-net leases to leading corporate clients. Collins also manages Tradehold’s Namibian portfolio consisting of a number of sought-after properties in main towns such as Windhoek, Walvis Bay and Gobabis.

United Kingdom

Moorgarth Group (100% ownership)

The main focus of Moorgarth's portfolio is four shopping complexes. The complexes are located in Bolton, Reading, Edinburgh and Birmingham in densely populated areas offering high levels of passing trade. Moorgarth also owns a number of Central London office buildings that are leased to The Boutique Workplace Company.

The Boutique Workplace Company (90% ownership)

TWBC offers serviced office accommodation in close to 30 sites in Central London. These together provide close to 4 000 working stations and ancillary services.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk