Our purpose is to create sustainable value for all stakeholders. Our vision is to be a premier South African-based REIT, delivering sustainable income and capital growth through a focused approach. Our approach and how we measure progress are detailed herein.
Attacq was founded in 2005 and listed on the JSE in 2013. After converting from a focus on capital growth to a REIT in May 2018, our shareholders benefit from a combination of long-term capital growth and biannual dividend payments.
The group is a constituent of the FTSE/JSE South African Property Yield (SAPY) Index, FTSE/JSE SA REIT Index and the FTSE/JSE Responsible Investment Top 30 Index (FTSE4Good).
To create sustainable value for all stakeholders, we craft, develop and manage spaces - our focus is on owning and managing retail dominant mixed-used precincts, the development roll out of Waterfall and investing directly in retail-focused property assets via MAS.
We do this by investing in real estate across the retail, office, residential, light industrial and hotel sectors, leveraging the strength of our financial, natural, human, social and relationship and intellectual resources.
For our shareholders, we aim to deliver sustainable income and capital growth by investing in South Africa and beyond its borders. In South Africa, we focus on Waterfall City, Waterfall Logistics Hub and our retail and mixed-use precincts. Globally, we are invested in MAS Real Estate Inc (MAS) as well as shopping centres in Ghana and Nigeria.
We collaborate to meet the diverse needs of our key stakeholders. For our tenants, we create sustainable and flexible spaces to their specific requirements. For our employees, we provide a rewarding career in which they can develop their full potential and share in our success. For our communities and suppliers, we focus on inclusivity - from work opportunities to preferential supply chains. For our business partners, we concentrate on mutually beneficial developments that meet the needs of our common stakeholders.
These aims are encapsulated in our vision and unique value proposition, and realised through our key drivers:
|To be a premier South African-based REIT, delivering sustainable income and capital growth through a focused approach||
|Our unique value proposition|
|We create safe, sustainable spaces where people can
connect and flourish
We track our progress in adopting global best practices in sustainability by benchmarking our performance against our peers nationally and internationally. At present, our principal benchmark is the FTSE4Good index, locally translated as the FTSE/JSE Responsible Investment Index and FTSE/JSE Responsible Investment Top 30 Index.
We are the only property company in the Top 30 index - a strong competitive and reputational advantage in a market looking ever more closely at the responsible citizenship credentials of its suppliers and partners. Our progress is even more notable given that we only listed in 2013 and made its first FTSE4Good submission just two years later.
We also outperformed our South African REIT peers, shown below.
South African industry peer comparison
Guided by our vision, our strategic matters flow from our strategy which in turn is determined by our understanding of how we create value, our risks and opportunities, our key stakeholders and our operating context.
Our risks, categorised between strategic and operational, are linked to strategic matters that enable management to focus on the broader picture while attending to the underlying detail.
This year we included sustainability as one of our values. In every aspect of our business, we are focused on the future. This extends beyond ecological considerations to every resource we use in our business.
In operating a sustainable business, we are mindful of our impact on and contribution to societal objectives for South Africa and global imperatives such as the United Nations' Sustainable Development Goals or SDGs. This is detailed in our sustainability report.
Our four-pronged strategy aligns well with specific SDGs, highlighted below:
Cummins Southern Africa regional office, Waterfall Logistics Hub
These values are corporate and individual route markers, illustrating what we need to be and live daily to effectively embed the Attacq spirit.
|We act and communicate in a consistent way, and we stay true to our promises and values.|
|We strive to build an integrated organisation in all areas of the business.|
|We focus on execution, meeting deadlines and our quality of work. We ensure their goals are achieved in an efficient and timely manner.|
out of the box
|Being creative is more than the ability to generate great ideas. It includes the capacity to transform those ideas into final products and services.|
Focused on the
|In every aspect of our business, we are focused on the future. This extends beyond ecological considerations to every resource we use in our business.|