Summary
Texton Property Fund Limited is a Real Estate Investment Trust (?REIT?) listed on the JSE Limited. The company internally manages its R4,5 billion portfolio of retail, office and industrial property assets located in South Africa (?SA?) and the United Kingdom (?UK?). The Fund was formed in 2006 and listed on the JSE in August 2011. The overall objective of the Fund is to grow its asset base, by investing in well priced, income and quality enhancing investment properties, to optimise returns over time for shareholders ? in short, to become ?the investment of choice'. The strategic focus is diversification in order to maximise the growth in value for stakeholders. Diversification serves to limit risk and enhance the consistency of returns, ensuring that investors are best able to meet their investment performance objectives.
History
Texton Property Fund was founded in 2004 with the merger of Textron Property Holdings and the funds of Property Solution. The Portfolio currently has 54 properties comprising in excess of 721 000 m² of lettable area. Texton Property Fund is the 4th largest A-REIT in South Africa.
Mission
Texton Property Fund's mission is to create and maintain a superior, growing and income producing South African real estate portfolio.
Vision
Texton Property Fund strives to be the preferred, long-term investment partner to all property investors, banking on its experienced, excellent and sustainable management, corporate strategy and strong execution capacities.
Key Team
Mr. H. S. Pienaar Welleman (CEO & Exec. Director)
Mr. Pinchas M. Hack (CFO & Exec. Director)
Recognition and Awards
Texton Property Fund was awarded the Silver Award at the 2018/2019 Financial Mail Top 150 Companies Survey as well as a place among the top 10 listed property companies.
References