Page 19 - Waterfall City Issue 11 November 2023

Attacq celebrates its 10-year listing anniversary with a

finalised Government Employees Pension Fund (GEPF)

transaction and increased dividends to shareholders.

success of Attacq’s precinct-focused
strategy. The ability to roll out reliable
infrastructure has assisted in mitigating
local government service delivery
challenges, and the City has continued
to attract local and global blue-chip
industrial and office tenants, including
Cisco, Sage, Cotton On, Vantage Data
Centers, Dimension Data, Accenture,
Pfizer, Cummins and Dis-Chem.

In addition, Attacq is in the process of
increasing its investment in Waterfall
Junction from 23.57% to 50.0%. This
will soon be launched for top-structure
development on the completion of
servicing phase 1 (total size: 156,000m²
of bulk).

A leading ESG-focused REIT
Attacq’s ESG initiatives remain best
in class with a special focus during
the year on energy, water and waste
management. The Group’s recently
launched Attacq Energy initiative
aims to design and implement cost-
effective, off-grid and sustainable
energy resources to achieve its target
of increasing its renewable energy
consumption to more than 25% of the
total consumption of the energy mix.

Attacq’s unique South African Raj Nana, CFO of Attacq, says: “Our The Group also launched its proactive
precinct-focused portfolio is balance sheet remains strong, and we water management plan focused
diversified across different asset are particularly pleased that post the on improving water efficiencies and
classes and geographies. Several implementation of the GEPF transaction, consumption, thereby reducing the
key development highlights over the Group’s loan-to-value (LTV) will cost of occupancy.
the past year included the increased reduce to 26%. Our dividend-per-share
density at the Plumblink head office growth of 16.0% is a considerable “I am exceptionally proud that all
and distribution centre, as well achievement in the current environment.” Attacq’s properties can operate during
as the completion of Phase 2 of load-shedding. Our team has displayed
Ellipse Waterfall, the award-winning A growth-focused portfolio resilience throughout the year and is
luxurious residential development Waterfall City, the Group’s flagship retail, reflective of the inclusive, community
in the heart of Waterfall City, residential, logistics and office precinct, and stakeholder-led approach we have
contributing an additional 30,586m² continues to perform well against all fostered internally and externally,”
of gross leasable area. metrics, and bears testament to the concludes Van Niekerk.

Waterfall City Issue 11 2023 17