About the Fund

SAPRO's investing policy has been to achieve primarily capital growth from an opportunistic portfolio of real estate assets across the commercial, industrial and residential sectors in South Africa.

SAPRO is now fully invested and its current portfolio consists mainly of development sites which are spread across industrial, mixed use and residential developments. SAPRO believes that this provides it with the benefits of diversification across various real estate asset classes, and exposure to South Africa's continued macroeconomic growth.

The bulk of the investments have been made in Gauteng, South Africa's economic powerhouse, with some developments in KwaZulu Natal which has also been experiencing strong growth and where attractive development opportunities lie.

SAPRO’s strategy is now to carry out an optimal liquidation of its assets once all appropriate consents have been achieved. Approaches are welcome from all credible potential buyers of SAPRO's assets.

SAPRO floated on the Alternative Investment Market (AIM) on 26 October 2006 (ticker: SAPO).

Contact

Millennium House,
46 Athol Street, Douglas,
Isle of Man, IM1 1JB.
Telephone: +44 (0) 1624 692 600
Fax: +44 (0) 692 601