Next month, Attacq, a private South African property investment holding firm, is set to list on the JSE, Africa’s biggest bourse, Moneyweb reported on Thursday.

Formerly known as Atterbury Investment Holdings, Attacq told Moneyweb it expects to generate about R800 million in a private placement before listing in October this year.

Private placement is a funding round of securities which are sold not through an initial public offering (IPO) but rather through a private offering, mostly to a small number of chosen investors.

Morné Wilken, the CEO at Attacq, said being quoted on the JSE will build a strong basis for advancement of the company.

“It will also build a platform to access capital efficiently going forward, create liquidity for its shareholders and raise the profile of the business,” he told Moneyweb.

Attacq has a 25 percent stake in Atterbury Property Holdings, another property investment holding firm. At the close of March this year, Attacq’s assets were valued at R12.5 billion ($2.5bn).

Its property developments include the property estate located between Pretoria and Johannesburg known as the Waterfall Business Estate.

Attacq has also developed Garden Route Mall in George, Mooirivier Mall in Potchefstroom, Lynwood Bridge in Pretoria and Eikestad Mall in Stellenbosch, among many others.

The firm has posted a 20 percent compound yearly return to its investors in the past 8 years.

A property analyst told Moneyweb that Attacq had an exclusive offering in South Africa.

But the analyst said it was hard to break into Africa’s listed property industry.

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