WATERFALL – ATTACQ has received the MSCI South Africa Real Estate Award in 2016 for best performing property fund in the office sector from MSCI, a leading provider of research-based indexes and analytics, at the 14th MSCI Real Estate Conference at the Table Bay Hotel in Cape Town. Attacq achieved a return of 16.5% and thus securing the top honours in the office sector.
The MSCI South Africa Real Estate Award recognises consistent top performance of the listed and unlisted property funds per market sector in the MSCI database. This year’s awards recognised the funds that achieved the highest annualised direct property total return over three years to 31 December 2015, measured by MSCI.
“We are very pleased by the recognition of the Attacq office portfolio. This award is a proud testimony of teamwork by the entire Attacq asset and property management team. Attacq has a creative approach to investing and developing its property portfolio to secure good capital growth which has been recognised by MSCI and the MSCI Real Estate Awards ,” states Morné Wilken, Chief Executive Officer of Attacq.
“Our world-class office developments like Waterfall City not only reap recognition for Attacq but allow corporate tenants to reap a significant array of benefits through corporate consolidation into our prime business locations. Many international tenants have embraced corporate consolidation into Waterfall City as South Africa’s newest headquarter business destination. We are proud of our tenant list and value the opportunity to be a partner to them in building business value,” states Wilken.
Stan Garrun, Executive Director, MSCI says: “We congratulate Attacq as our office sector award winner, based on their excellent three year annualized total return results. These awards showcase superior property performance and quality of management to reap value through investing in real estate”.
“The awards are based on the ungeared property performance of the funds, measuring the total return which includes both the income and capital growth returns – thus rewarding managers for the unadorned performance of the underlying properties. Active management such as developing, buying and selling is also included in the performance calculation,” states Garrun.
While quality data underpins the MSCI Real Estate Awards, Garrun notes its significance goes well beyond these accolades. “Reliable facts are essential for informed investment decisions and to drive confidence in the sector. Quality data underpins transparency, good systems and good governance,” he says.
“MSCI believes that good data has a positive impact on valuations and investment decision making. High standards and transparency are the cornerstones of good governance and this information has enabled researchers to analyse property with the same techniques and rigour as are applied to other asset classes. MSCI’s independence and high standards of data collection and validation ensure that the results are accurate and the process of adjudication is impartial and non-subjective,” says Garrun.