Octodec Investments Limited (Aug 2022)

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Credit Reports

Over 1500 reports, spanning 22 countries, detailing GCR’s opinion regarding the creditworthiness of an entity, a security or financial instrument, or an issuer of securities or financial instruments.

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Industry Reports

A collection of publications, providing you with key industry analysis and insights across various geographical regions.

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Monitoring Updates

Dashboards exhibit key performance metrics related to Structured Finance transactions publicly rated by GCR, which include credit enhancement levels, excess spread, defaults, recoveries and covenants.

Filename Octodec-Final-Report-2022.pdf
Filesize 272 KB
Version paid report
Date added Aug 4, 2022
Category Corporates, Credit Rating Reports
Tags South Africa

JSE-listed Octodec Investments Limited (“Octodec” or “the REIT”) is a medium-scale fund comprising 254 properties across a range of commercial segments and residential assets. Its acquisition of the entire share capital of Premium Properties Limited (“Premium”) in 2014 saw the combination of three separate property holding entities (Octodec, Premium and IPS Investments Proprietary Limited) with common ownership and management. City Property Administration (Pty) Limited (“City Property”) is the REIT’s asset and property management company, with the relationship governed by renewable management agreements. City Property is owned by the Wapnick family, which along with the directors, holds a 37% interest in the REIT. Octodec is managed as a separate entity, operating at arm’s length in respect of contracts with related entities, whilst deriving competitive advantages from the expertise and specialised services developed by the group.