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.