In the pursuit of the Group’s strategy and objectives, our CORE values determine our every action:
• Honesty, integrity and transparency drive our every operation.
• Responsibility and ownership for our actions.
• All stakeholders are seen as equal and valued assets.
• Our people drive our performance and results.
• Our vision for our stakeholders is to deliver value long-term but with stability
being a core pillar.
• Responsible corporate citizenship in respect of our social and
Putprop is a property investment company listed on the main board of the JSE Limited under the real estate sector.
The Company listed on 4 July 1988. (JSE code: PPR)
(Registration number: 1988/001085/06)
The Company invests in industrial, commercial and retail properties, deriving its income from contracted rentals.
Putprop’s primary objective is to build a quality portfolio with strong contractual cash flows resulting in long-term sustainability and capital appreciation.
Growth will come from strategic investments, focused on industrial, retail and commercial opportunities where yields are enhancing in the medium and long-term.
|Broaden our geographic footprint Into all of the provinces in South Africa||The Group wishes to position itself for long term expansion of its portfolio into all provinces||Acquisition of first property in North West|
|Optimise net income and growth in distributions.||The Group will pursue a more aggressive policy of purchasing high-quality assets, while maintaining focus on refurbishments and redevelopments.||Several assets have been identified for possible acquisition|
|Reduce vacancies and manage the lease expiry profile of the portfolio.||Continue to reduce vacancy Levels to less than property sector average and to increase average lease length of portfolio.||Vacancy level of 6% or less for all sectors|
|Stagger lease expirys on all properties||Ensure that not more than 30% of all leases expire in any one year.||Expiry profile set at 15%|
|Achieve a balanced exposure to the office, retail and industrial property sectors.||Weighting on all sectors to be revisited on an active basis||Commercial sector to be addressed|
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