|Short Name:||EXEMPLAR||JSE Code:||EXP|
|Sector:||REITs Retail||Reg No:||2018/022591/06|
|Nature of business:|
Exemplar is a focused retail fund specialising in owning, internally managing and growing a portfolio of shopping malls typically in under-serviced, peri-urban townships and rural areas of South Africa. Exemplar holds, either directly or indirectly, a portfolio of 20 income generating properties and has secured a further three shopping centre development properties scheduled to be completed between April 2019 and October 2019. The property portfolio is valued at R5.5 billion, with a GLA of 365 235m' as set out in Annexure 7 of the full prospectus. The current property portfolio was acquired in a sequence of transactions prior to the company's listing from, amongst others, the John McCormick Family Trust ("JMFT"). All the properties were developed by McCormick Property Development Proprietary Limited ("MPD"), a privately-owned property developer with a 35-year history in the sector, during which time a total of 62 such developments have been completed. MPD is wholly-owned by the JMFT. The JMFT will be the controlling shareholder of Exemplar on listing.
|Amounts in ZAR '000|
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