We seek to strategically spread our portfolio over three sectors of the property market: retail, office and industrial.
Accelerate is a predominantly retail-biased fund. Our strategic objective is to maintain a minimum of 70% of exposure in the retail sector.
The group seeks to have a long-term income balance of:
- 70% of rental revenue derived from retail property;
- 15% of rental revenue derived from office property; and
- 15% of rental revenue derived from industrial property.
The Fourways retail portfolio holds nine letting enterprises, the majority of which are retail centres, comprising approximately 41,3% of Accelerate’s total portfolio value. Fourways Mall Shopping Centre is the flagship asset and will continue to add value through the redevelopment. Other letting enterprises within the Fourways retail node include Fourways View, Cedar Square, The Buzz Shopping Centre, Fourways Game and Leaping Frog.
There are 21 other retail properties, comprising typical neighbourhood or convenience-type shopping centres, mainly anchored by large national and listed supermarket chains. Accelerate also owns three purpose-built motor dealerships within close proximity of the Fourways Mall Shopping Centre. The group’s dealership enterprises hold BMW Fourways, Ford and Mazda.
Our office property portfolio comprises 20 properties and includes the acquisitions of the KPMG buildings. The primary focus on the office sector is placed in two essential nodes: the Cape Town Foreshore node and the Charles Crescent node in Sandton.
Accelerate’s industrial assets are made up of eight properties. The strategy surrounding the industrial sector is to identify and acquire multi‑purpose, single-tenant properties in prime locations.