Delta property portfolio is spread across office, retail and industrial sectors with particular emphasis on government-tenanted office portfolio which is in line with the Fund’s strategic objectives.
At listing in November 2012, Delta had a total of 20 well established mainly AAA to B grade high-quality office buildings located across the country.
At that time, the portfolio was independently valued at R2.1 billion. The Fund intends to continue focusing on strengthening the quality of its property portfolio, through acquisitions as well as refurbishments and upgrades to enhance their position as the preferred landlord for government and SARS.
Delta’s B-BBEE credentials positions it well to leverage the advantages of government tenanted buildings, such as single tenant occupancy, long-term leases, fixed lease escalations for the duration of the lease and a sovereign underpin.