How We Add Value
As an income-focused REIT, Safari creates value for investors and other stakeholders by investing in quality assets, beneﬁting from active asset management based on ethical leadership and sound corporate governance principles. This results in sustainable investments generating long-term capital and income growth.
Safari’s pursuit of sustainable value creation incorporates economic prosperity, social responsibility and environmental protection.
PROPERTY DEVELOPMENT AND PROCUREMENT AGREEMENT
Safari Developments Pretoria Proprietary Limited and Safari Developments Swakopmund Proprietary Limited (“Safari Developments”) are private companies which conduct the business of identifying possible commercial property for development opportunities; assessing the feasibility of such projects; procuring, if necessary, all the requirements for a successful development; and acting as project managers to complete the construction. Safari Developments has developed commercial properties, creating opportunities for smaller investors to beneﬁt from the growth and income of rentals which provide better for capital growth than inﬂation and at low risk. A team of specialists forms the heart of Safari Developments and has been executing projects for many years. Each member plays a unique role in the development process; and by combining their ﬁelds of expertise the members ensure that each project is delivered within the speciﬁed parameters.
Managing Director: Jannie Verwayen Telephone: +27 (012) 362 1658
Safari Retail Proprietary Limited (“Safari Retail”) is a direct contracted party to the group and assists with the leasing and proper tenanting of vacant space in the existing properties within the group’s portfolio.
Leasing Manager: Erika Buys
Telephone: +27 12 365 1889
PROPERTY PORTFOLIO MANAGEMENT AGREEMENT
The management of all properties owned by the company is done in terms of an agreement with Cosmos Management CC (“Cosmos”). Cosmos is responsible for the facilities management of all the centres in the company’s portfolio.
This comprises functions such as ﬁnancial bookkeeping, auditing processes, rent collection, monthly ﬁnancial and management reporting, and centre management, which includes management of contractors responsible for the cleaning, waste management, pest control and security at the centres and ensuring tenant satisfaction. Each property has a dedicated centre manager who reports to head office. The objective of Cosmos is to manage each centre to perform optimally in terms of trade and tenant mix.
Manager: Francois Joubert
Telephone: +27 12 365 1865
ELECTRICITY, METER READING AND ELECTRICITY ACCOUNTING SERVICES AGREEMENT
African Electrical Technologies Proprietary Limited, trading as Loadman (“Loadman”), is contracted by Safari to supply the tenants in its centres with electricity and provide the services of meter reading and proper accounting of such usage by the tenants. Loadman has played an integral part in Safari’s business, in that it has assisted with the installation of generators at all the centres, which proved to be a major beneﬁt to tenants as well as the community, as all the centres are fully operational during power failures. Together with Loadman, the company succesfully installed solar panels at three of its retail shopping centres which are operational. The expected yield on this investment is 12,5%.
Director: Peet Olivier
Telephone: +27 12 349 2256