The fund in brief
"South Africa is the only transparent non-European real estate market in the EMEA region. The market has robust investment performance indices, strong regulatory and legal infrastructures, efficient transaction processes and high professional standards." - Jones Lang LaSalle - Real Estate Transparency Index 2006
SAPRO's investment policy is to achieve primarily capital growth from an opportunistic portfolio of real estate assets across the commercial, industrial and residential sectors in South Africa.
Its strategy is to target principally development opportunities that will benefit from the active management of the management team as well as from South Africa's strong economic growth. As a result of this strong growth, SAPRO expects to benefit by helping meet the demands of increased urbanisation and associated infrastructure requirements as well as the spending power of the country's rapidly emerging middle class.
SAPRO is now fully invested and it's current portfolio consists of projects spread across industrial, mixed use and residential developments. SAPRO believes that this provides it with diversification benefits across the various real estate asset classes, and exposure to South Africa's continued macroeconomic growth.
The bulk of the investments have been made in Gauteng, South Africa's economic powerhouse, with some developments in KwaZulu Natal which has also been experiencing strong growth and where attractive development opportunities lie.
SAPRO floated on the Alternative Investment Market (AIM) on 26 October 2006 (ticker: SAPO).
