The safety of our staff and the communities in which we operate remains our number one priority during the nationwide lockdown and, in line with the Government’s directive to contain the spread of the coronavirus (COVID‑19) our offices are closed down and all our staff are capable of working remotely.

For further information on COVID‑19 go to: sacoronavirus.co.za

Tower Property Fund Results

Portfolio

value

R5.0bn

Loan to

Value

33.7%

Vacancies

reduced to

5.5%

Net asset value

per share

R9.31

Revenue

[Geographic]

33% | Gauteng by Revenue

29% | Croatia by Revenue

29% | Western Cape by Revenue

9% | KZN by Revenue

Revenue

[Sectoral]

46% | Retail by Revenue

48% | Office by Revenue

6% | Industrial by Revenue

Asset Value

[Geographic]

28% | Gauteng by Asset Value

32% | Croatia by Asset Value

32% | Western Cape by Revenue

8% | KZN by Revenue

Asset Value

[Sectoral]

48% | Retail by Asset Value

46% | Office by Asset Value

1% | Inventory by Asset Value

5% | Industrial by Asset Value

Listed Property Fund

Tower owns a diversified portfolio of high quality office and retail properties based predominantly in Gauteng and the Western Cape, Zagreb in Croatia and with some exposure in KwaZulu-Natal. Flagship properties include Cape Quarter, a landmark retail and office property in Cape Town and Upper Grayston Drive Office Park, a green star rated office park in Sandton.