Attacq lifts FY net asset value by 20.6%

22nd September 2015

By: Anine Kilian

Contributing Editor Online

  

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Rising interest rates had led to an increase in Attacq’s fixed interest rate debt level to 75% from 63%.

Wilken stated that Attacq was also set to embark on a strategic programme to recycle capital, disposing of lower-growth mature assets and investing its capital astutely to fund higher-growth opportunities.

“We are pleased to report a robust set of results which extend our growing track record of delivering sustainable capital growth for our investors,” he said.

He added that property was a long-term asset and, as a capital growth fund, Attacq was uniquely positioned to take a long-term view to invest, develop and grow.

Since listing in October 2013, the fund had delivered a compound yearly growth rate in its share price to investors of 23.7%.

Despite a tough operating environment in South Africa, the company was confident that it would continue to build on its performance in the coming year, he concluded.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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