Capital Land Asset Management Proprietary Limited was established in 2007 as an investment property specialist involved in the asset and property management of institutional and private property portfolios in South Africa.
The core operations of Capital Land involve asset management, financial management, operations and facilities management, leasing, developments, legal and compliance, marketing, media and promotions, and the management of social responsibility initiatives.
Capital Land has an established track record in delivering value enhancing performance to investors though the direct active management of property portfolios.
Capital Land was responsible for the assembly, growth and management of Synergy Income Fund Limited which listed on the Main Board of the JSE on 14th December 2011. Capital Land grew the Synergy portfolio from 3 properties valued at R260 million prior to listing in December 2011 to 15 properties, situated in Gauteng, KwaZulu-Natal, Western Cape, Limpopo, North West and Free State, valued at R2.4 billion with GLA of 199 996m2 in March 2015.
Capital Land grew the Synergy portfolio from 3 properties valued at R260 million prior to listing in December 2011 to 15 properties, situated in Gauteng, KwaZulu-Natal, Western Cape, Limpopo, North West and Free State, valued at R2.4 billion with a gross lettable area of 199 996m2 in March 2015.
In March 2015 Vukile Property Fund acquired a controlling stake in Synergy through a mandatory public offer. Through this process the Capital Land partners and management sold their stake in Synergy to Vukile. In May 2015 the Capital Land partners agreed to sell their shareholding in the management company to Vukile effectively exiting all investments in Synergy.
In October 2014, Capital Land was awarded the property and asset management contract for the Community Property Company, a flagship fund of Futuregrowth Asset Management, a subsidiary of Old Mutual. The Comprop portfolio comprises 18 properties. The properties under Capital Land’s management are situated in Western Cape, Eastern Cape, Free State, KwaZulu-Natal, Gauteng and Mpumalanga valued at approximately R2.4 billion with a GLA of 252 736m2. In 2015 the first full year under Capital Land’s management the fund delivered a total return of 17.4% to investors.