SA Corporate Real Estate

Name

SA Corporate Real Estate

Legal name

SA Corporate Real Estate Limited

Website

https://sacorporatefund.co.za

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Cape Town

HQ country

South Africa

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Rental Income from Property Portfolio: SA Corporate Real Estate generates revenue primarily through rental income from its diversified portfolio of industrial, retail, residential, storage, and commercial properties across South Africa and Zambia. The company owns 241 properties valued at R18 billion with additional exposure to direct and listed property valued at R1.7 billion in Zambia.

Distribution channels1 record

Marketing channels5 records

Core offering

SA Corporate Real Estate is a JSE-listed Real Estate Investment Trust that owns and leases a diversified portfolio of 241 industrial, retail, residential, storage, and commercial properties valued at R18 billion (with R20.4 billion in assets under management) across major metropolitan areas of South Africa with a secondary node in Zambia. Revenue is generated primarily through rental income from tenants occupying the properties, with sustainable distribution growth and long-term capital appreciation for public shareholders as the investor proposition.

Product overview

SA Corporate Real Estate is a JSE-listed Real Estate Investment Trust (REIT) operating a diversified portfolio of 241 commercial and residential properties valued at R18 billion, with R20.4 billion in assets under management. The company offers five distinct property segments: Retail (23 properties), Industrial (44 properties), Residential (158 properties through Afhco, Indluplace, and The Parks brands), Storage (14 properties), and Commercial/Office (2 properties). The portfolio is concentrated in major South African metropolitan areas with secondary exposure in Zambia. The company's product architecture centers on its core property investment and management platform, with the residential platform (Afhco, Indluplace, The Parks) representing the fastest-growing segment now comprising 49% of total assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Properties Portfolio of 44 industrial buildings leased to manufacturing, logistics, and warehouse tenants, representing the largest property segment by count. Located in major metropolitan areas of South Africa.
• Retail Properties Portfolio of 23 retail properties including shopping centers, leased to retail tenants in high-traffic metropolitan locations across South Africa.
• Residential Properties Portfolio of 158 multifamily residential properties plus units from Afhco, Indluplace, and The Parks acquisitions, representing 49% of total assets and including apartments, housing units, and lifestyle estates.
• Storage Facilities Portfolio of 14 self-storage properties leased to commercial and individual customers requiring secure storage space in South African metropolitan areas.
• Commercial and Office Properties Portfolio of 2 commercial/office properties leased to office tenants in metropolitan business districts; underperforming office assets such as Nobel Street Office Park have been disposed of as part of portfolio optimization.
• Afhco Residential Platform Wholly-owned residential housing platform operating multifamily properties, acquired by SA Corporate as part of its residential platform scaling strategy; delivered 6.4% like-for-like net property income increase.
• Indluplace Residential Platform Wholly-owned residential platform acquired as part of SA Corporate's strategy to scale its residential portfolio and diversify beyond commercial property.
• The Parks Lifestyle Apartments at Riversands Suburban lifestyle apartments at Riversands, operated under SA Corporate's residential platform as part of the suburban lifestyle estates repositioning strategy.

Quantifiable outcome

• Collections exceeding 98% from strong tenant base
• +4 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• AfhcocoreStrategic or Co-development Partner · 1 December 2025Afhco is a residential property company acquired by SA Corporate Real Estate to scale its residential platform. The acquisition significantly increased residential exposure to 49% of total assets. Afhco delivered 6.4% like-for-like net property income increase.
• The Parks (Riversands)coreStrategic or Co-development Partner · 1 October 2025SA Corporate Real Estate acquired The Parks Lifestyle Apartments at Riversands in December 2025 as part of its residential platform expansion strategy.
• IndluplacecoreStrategic or Co-development PartnerIndluplace is a residential property company acquired by SA Corporate as part of its strategy to scale its residential platform and diversify beyond commercial property.

Scale indicators10 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Growthpoint Properties: Largest JSE-listed REIT with diversified exposure across industrial, retail, and office property in South Africa and Australia. Directly comparable to SA Corporate in business model (REIT), asset categories (industrial/retail/office), and target market (SA metropolitan areas).
• Resilient REIT: JSE-listed REIT focused on dominant regional malls in South Africa and Nigeria. Comparable as a JSE-listed REIT operating in SA with retail property emphasis and similar investor base.
• Equites Property Fund: JSE-listed REIT specializing in logistics and industrial warehousing in South Africa and the UK. Directly comparable industrial property segment overlap, targeting similar logistics and manufacturing tenants in SA.
• Redefine Properties: Major JSE-listed REIT with diversified SA commercial property portfolio including office, retail, and industrial assets. Direct peer competing for similar tenants and investment opportunities in the SA metropolitan market.
• Emira Property Fund: Mid-cap JSE-listed REIT with diversified office, retail, industrial, and residential exposure. Emira is also a recent investor in SA Corporate, indicating direct strategic overlap and comparable diversified SA property mandate.
• Indluplace Properties: JSE-listed residential REIT focused on multifamily housing in South Africa. Now a wholly-owned subsidiary of SA Corporate, but historically a direct peer competing for similar residential tenant segments.
• Attacq Limited: JSE-listed REIT anchored by Waterfall City mixed-use development in Johannesburg, with office, retail, and industrial exposure. Comparable as a JSE-listed REIT competing for similar SA metropolitan tenants.
• Vukile Property Fund: JSE-listed REIT focused on retail property in South Africa and Spain. Comparable as a JSE-listed REIT operating in SA with similar investor base and distribution-focused mandate, though with stronger retail concentration.
• Hyprop Investments: JSE-listed REIT focused on dominant retail centers in South Africa and select Eastern European markets. Comparable as a fellow SA REIT with shopping center exposure and similar distribution growth focus.
• Stor-Age Property REIT: JSE-listed REIT specializing in self-storage properties across South Africa and the UK. Directly comparable to SA Corporate's storage segment (14 properties) and similar recurring rental revenue model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sa-corporate-real-estate-fund

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SA Corporate Real Estate