Ascension Properties Information

Ascension Properties Limited is a black managed and substantially black owned property loan stock company listed on the JSE. The company is a property income fund focusing on commercial office buildings in South Africa with a strong focus towards government and other empowerment sensitive tenants. HISTORY The company was founded in August 2006 by a team of experienced property entrepreneurs and property managers who identified the opportunity to acquire primarily office buildings suitably situated for Government tenants and taking advantage of their reputable track records in the property industry coupled with their BEE ownership to secure long term leases with the Department of Public Works, Provincial Governments, parastatals, and other empowerment-sensitive landlords. JSE listing commenced on 11 June 2012. Management has a strong pipeline of targeted acquisitions and intends growing the portfolio by at least R1 billion per annum.