SA Corporate Real Estate: Antoinette Basson
Antoinette Basson has been Financial Director of SA Corporate Real Estate since February 2011. She is also a member of the Social, Ethics and Environmental Committee and is invited to attend the Audit, Investment and Risk and Compliance Committee meetings.
Antoinette has over 23 years of professional experience, 15 of which have been in the financial services industry. She joined Old Mutual Bank from PwC in London in 2000 and then went on to become a member of the Old Mutual South Africa Central Finance team, where she served as the Group Regulatory Accountant. In June 2008 she joined Old Mutual Property as Financial Manager before being appointed to the position of Financial Director at SA Corporate. Antoinette also serves on the Boards of the Company’s subsidiaries.
2010 – Present Financial Director, SA Corporate Real Estate Fund
2008 – 2010 Financial Manager Old Mutual Property
1987 – 1993 B.Com, Accounting and Management, University of Rhodes
About SA Corporate Real Estate: SA Corporate Real Estate Limited is a Corporate REIT (Real Estate Investment Trust) listed under the Real Estate, Diversified REITs sector of the South African Stock Exchange, the JSE Limited. SA Corporate is one of the oldest and most established property companies in the South African market. The Company features an attractive portfolio diversified across 179 properties which covers 1.4 million square metres of lettable space.
The R15 billion (as of 31 December 2016) portfolio is focused on industrial, retail, inner-city residential and commercial assets, primarily located in the major metropolitan centres of South Africa.
SA Corporate achieved a total return of 27.3% versus a SAPY total return of 10.2%, positioning itself in the top quartile of the JSE-listed property sector. SA Corporate’s share price grew by 22% from 2015 to 2016, closing at R5.62 at 31 December 2016. SA Corporate performed very well compared to its peer group of mid-cap REITs invested mainly in South African assets.