Equityone South African Fund of Property Funds
Equityone’s South African Fund of Property Funds is being designed to provide a diversified exposure to exchange traded property securities and private real estate investments in South Africa.
Potential investments will be selected on the basis that they represent good value on a relative pricing basis and provide an attractive risk-adjusted return. Listed property securities will be used to tactically re-weight the portfolio and provide a liquidity base to the Fund. The Fund’s benchmark target is a return on equity of between 12 -18% which will is anticipated to include a relatively high income distribution of between 6 and 9% p.a. net of set-up costs and operational expenses but before performance fees. The Fund’s target is a GAV of at least USD 150 million.
Equityone South African Property Options Fund
Equityone’s South African Property Options Fund is being designed to invest in new high profile commercial and residential development projects within South Africa
The overall objective of the Fund is to provide institutional and sophisticated investors an opportunity to invest in a secured return, high yield specialist property options Fund. The Benchmark for the Fund is a return on equity of between 15 and 20% p.a. net set up fees and operational expenses but before performance fees. The Fund’s strategy is to provide developers with alternate construction financing mechanisms through ‘no premium’ options. The Fund’s target is to remain un-geared at the Fund level with equity commitments targeted at €100 million.