Portfolio overview
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Gemgrow Properties Limited
3rd Floor Upper Building
1 Sturdee Avenue
Rosebank
Johannesburg
P +27 10 100 0076
F +27 86 614 4329
PO Box 685
Melrose Arch
2076
Portfolio overview
Gemgrow is a Real Estate Investment Trust (REIT) with 129 properties that are located across South Africa's nine provinces. The property portfolio is valued at over R4,5 billion and comprises exclusively high-yielding retail, office and industrial assets, with a combined gross lettable area (GLA) of approximately 690 300m2.
In 2017, the average annualised property yield for the reconstituted portfolio was 10,5%.

Gemgrow is focused on growing its portfolio of high-yielding properties, many of which have been overlooked by the listed property sector in the past. However, these assets offer attractive income growth to investors and identify Gemgrow as a niche market REIT.

The property portfolio is well diversified and mitigates risk by investing in a large number of assets, with a wide range of retail, office and industrial tenants located throughout South Africa.

Gemgrow's asset and property management function was internalised through the acquisition of Vukile Asset Management from Vukile Property Fund in 2016. Gemgrow benefits greatly from this expertise, which complements the company's investment strategy by providing specialist, hands-on personnel who perform crucial day-to-day functions.

The company's experienced management team receives the added benefit of strategic oversight provided by Arrowhead Properties, which holds a 55,2% stake in Gemgrow.

While the majority of the portfolio by GLA is located in the province of Gauteng, Gemgrow's executives will pursue attractive local opportunities and acquisitions when appropriate. Future investments must be revenue enhancing and may range from individual properties to small portfolios, or other REITs via corporate action. To view Gemgrow's portfolio analysis, click here.