Accelerate is a newly listed property fund offering investors the opportunity to own a portfolio of 51 well-established, high-quality properties across South Africa, including ownership of two prominent regional shopping centres. Exciting growth prospects include the right to own 50% in a super-regional centre upon its completion.
The Georgiou Group was founded by Nicolas Georgiou forty six years ago and has expanded into a successful national property company.
The Georgiou family’s long standing relationships with three of the largest five banks in South Africa has led to the creation of a premier
portfolio of properties having a national footprint including various iconic properties in prominent Nodes such as the Fourways/Sandton Node, the Charles Crescent/Sandton Node, the Parrow/Bellville Node, and the Cape Town Foreshore Node, amongst others.
In late 2012, a strategic decision was taken by Michael Georgiou to diversify the Georgiou family’s sources of funding and take advantage of the favourable legal and tax framework provided to qualifying property entities in terms of the REIT legislation amidst continued interest from institutional and retail investors to participate in the income and growth of the Georgiou family’s unique property portfolio and experience by bringing some of the underlying properties to market through a listing on December 12th 2013.
Prospects: Where is the growth potential?
Accelerate has a three-pronged strategy:
1. The Fourways development
The Fourways area has been earmarked as the next CBD by the local council. At this time, the pride of the Accelerate Property Fund assets lies in the heart of Fourways – Gauteng’s development node of the future.