WORLD BANK URBAN FORUM Jeffrey Wapnick 26 July 2017
WHAT THIS SESSION IS ABOUT: 1. Welcome 2. City Property Administration 3. History of the CBD 4. Urban Renewal the City Property Way 5. The Golden Thread 6. Recommendations and Suggestion for City Officials & Managers 7. Examples 8. Questions & Answers
City Property Administration • 30 Years of experience • 18 000 tenants • 1.5 million square meters • Bulk investments in Tshwane and Johannesburg CBD • Involved in all 3 sectors Retail/Residential/Office
overview of One on Sharon’s Midtown Mutual Place Tshwane CBD • Concentration of investments • Increased urbanisation • New developments improving node • New Tshwane House ‣ GLA of 37 000 m 2 ‣ Housing in excess of 1 500 staff Sustaining city Van Riebeeck life: Medical Building TWO decades of Octodec properties – current developments Octodec properties – under consideration building a city bears fruit Octodec Investments Limited
History of the CBD The rise, the fall and the rise again.
Urban Renewal the City Property Way • Residential • Retail • Office
The Golden Thread • Cleanliness & Security • Service a differentiation factor • Ears close to the ground • We are all the same
Recommendations and suggestions for City Officials & Manager • Council don’t have balance sheets and therefor have to attract investment capital from private sector. • Impediments to private investment include • Clean Streets • Improved security • Street Maintenance • Proper Engagement with Role Players • Proper Vision amongst senior members of councils • Availability of senior staff • City Improvement Districts
Examples
our strategy • Offer innovative property investment opportunities that create and deliver long-term sustainable returns by: ‣ Building a diversified portfolio in the Tshwane and Johannesburg CBDs and surrounding areas with an exposure to residential, office, retail and industrial sectors ‣ Actively promoting urban renewal in the Tshwane and Johannesburg CBDs • Increase the profitability of our existing portfolio by: ‣ Continually improving the quality of our portfolio ‣ Enhancing our tenant profile ‣ Developing well-located properties
our strategy (continued) • Increase the profitability of our existing portfolio by: ‣ Concentration of properties in Tshwane and Johannesburg CBDs, which makes it easier to manage and extract value from our portfolio ‣ Pursuing acquisitions that offer strategic value and sustainable yield-enhancing opportunities ‣ Focusing on growing our residential portfolio in the medium term ‣ Recycling capital from low growth, poor quality assets to high growth, high quality assets ‣ Enhancing returns through effective mix of debt and equity to optimise capital structure ‣ Management of interest and liquidity risk
Questions & Answers
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