On 10 June 2015 the shareholders of Delta Property Fund Limited (Delta or the Fund) approved the appointment of Delta Property Asset Management as its new asset management company. Delta Property Asset Management has established a trust for the benefits of certain of the Delta Manco’s black employees and as such the Trust has become the sole shareholder of Delta Manco.
Delta Property Asset Management boasts exceptional BEE credentials and a track record of cost efficient management of a large portfolio diversified across all the provinces of South Africa.
The asset management team has collectively over 75 years of property experience. Apart from its asset and property management experience, Delta Property Asset Management boasts a large in-house team with considerable expertise in legal, financial, corporate finance, property management, facilities management, project management and marketing fields.
These functions have augmented Delta Property Asset Management’s proven ability of identifying and refurbishing assets in nodes attractive to empowerment sensitive tenants. It further adds value by negotiating supply and maintenance contracts on a national basis.
Delta Property Asset Management has been instrumental in establishing Delta’s growing property portfolio and positioning the Fund as a landlord of choice to government and the South African Revenue Service (SARS).