Mall of Africa no lemon, Attacq delivers great results on back of best-in-class ESG

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  • Attacq Limited (“Attacq”), the JSE-listed REIT and strategic development partner in Waterfall City, today announced a robust set of results for the full-year ended 30 June 2023.
  • The company reported full year dividend growth of 16.0% to 58.0 cents per share, with distributable income per share increasing by 14.5% to 71.9 cents. 
  • The company performed strongly with both occupancy and collection rates remaining high at 92.5% and 100.7% respectively.

Waterfall City, the Group’s flagship retail, residential, logistics and office precinct, continues to perform well against all metrics, and bears testament to the success of Attacq’s precinct focus strategy, where Attacq has uniquely created a smart, safe, and sustainable city. 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 Centres, Dimension Data, Accenture, Pfizer, Cummins and Dis-Chem.

“This year has been transformative for Attacq on so many fronts – from building and growing community partnerships to presenting and delivering a landmark equity transaction with our partners at the GEPF, and achieving key ESG milestones. As a purpose-led business, we think differently about real estate, and this is evident in the successful execution of our strategy this year,” said Jackie van Niekerk, Attacq CEO.

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.

The Group also launched its proactive water management plan focused on improving water efficiencies and consumption, and in doing so, reduce the cost of occupancy.I am exceptionally proud that all of Attacq’s properties are able to operate during loadshedding. Our team has displayed resilience throughout the year and is reflective of the inclusive, community and stakeholder-led approach we have fostered internally and externally,” concludes Van Niekerk.

Link to full results booklet HERE 

Author: Bryan Groenendaal


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