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| Property Activities |
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Leading fund and asset manager, seeking selective trading opportunities |
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Scope of activities |
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Property Projects (trading and development) |
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Property Investments |
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Property Fund Management |
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Property Services |
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Note: |
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For most of the period under review our Property business in South Africa included the above activities. With effect from October
2007, the South African fund management and services businesses were sold to Growthpoint (refer to the salient features of our results) and the core focus
of our South Africa Property business for the remainder of the year included on balance sheet trading and development activities
and third party asset management and investment. |
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Strategic focus |
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UK and Europe |
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We are making progress in expanding our property model in the UK to include property fund management, investment, trading
and development. We are aligning the strategic focus of the UK business with that of South Africa. |
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South Africa |
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Property Fund Management |
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Our strategy has been to: |
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Grow assets under management. |
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Pursue the strategic acquisition and development of individual properties and portfolios. |
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Property Services |
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Prior to the sale of these businesses to Growthpoint, the strategic objective was to grow in line with the fund management business. |
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Property Projects |
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Our strategy is to: |
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Source development and trading opportunities to create value and trade for profit within agreed risk parameters. |
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Property Investments |
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Our strategic objectives are to: |
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Substantially increase our assets under management. |
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Attract foreign investment into South African listed property equities. |
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Develop international property capabilities and products. |
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Australia |
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Property Fund Management and Property Projects |
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Our strategic objectives are to: |
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Take advantage of opportunities, including the acquisition of development properties, short-term property trading, specialised
properties and long-term investment properties. |
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Acquire properties with value-add potential through redevelopment and/or property repositioning. |
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Align with appropriate partners to leverage their expertise. |
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Capital raisings and Investments |
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Our strategy is to: |
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Engage in capital raisings to enable us to invest in further property opportunities within our Opportunity Fund and through
the creation of other funds. |
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Create investment opportunities for our wholesale clients whilst growing assets under management. |
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Management structure |
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| Global Head of Property
Activities |
Sam Hackner |
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| UK and Europe |
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| Regional Head |
Angelique de Rauville |
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| South Africa |
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| Regional Head |
Sam Leon |
| Property Projects |
Robin Magid |
| Property Investments |
Angelique de Rauville |
| Finance |
Dave Donald |
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| Australia |
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| Regional Heads |
Graeme Katz
Tamara Williams |
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