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INTEGRITY AND PASSION

CHALLENGE CONVENTION

Billion Group (Pty) Limited (“Billion” or “the Company”) specialises in retail, commercial and mixed-use developments located in major South African cities. The Company was founded more than 18 years ago by property entrepreneur Sisa Ngebulana. With a reputation for delivering creative, highly functional developments on time, Billion Group continues to surpass expectations.

On 17 May 2011 Rebosis Property Fund Limited (“Rebosis” or “the Fund”) became the st blackmanaged and substantially black-held property fund to list on the Johannesburg Stock Exchange. The Company, at the time, successfully raised R1.66 billion through an oversubscribed private placement, one of the largest capital raises in the listed property sector at the time. The Fund’s investment portfolio at the time was valued at R3.8 billion.

GREAT SPACES, PERFECT LOCATIONS The Company has conceptualised and developed some of South Africa’s land-mark retail assets, including Forest Hill, located in Monavoni, Centurion, one of the fastest growing residential areas in South Africa. Other developments include Hemingways Mall in East London and Mdantsane City, located just outside of East London in the township of Mdantsane (the country’s second largest township after Soweto.) Billion also co-developed Baywest Mall, one of the country’s largest shopping centres at 87 707m 2 in Port Elizabeth and BT Ngebs City in Mthatha, bringing a sophisticated retail experience to a vastly undersupplied region. ENTREPRENEURIAL Billion boasts an enviable South African retail and overall mixed use development pipeline with a total value of over R40 billion and a total gross lettable area (GLA) of exceeding 1.9 million m 2 .

Rebosis has right of st refusal on Billion Group’s development pipeline matching its investment criteria. Following overwhelming shareholder support, Rebosis is in the process of acquiring Baywest Mall and Forest Hill City from Billion Group in a t r a n s a c t io n t o t a llin g R 4 . 9 b illio n .

INSPIRED This transaction will increase Rebosis’ asset portfolio to a value of R18 billion and underpin the Fund’s performance with large scale, early stage retail assets that are generally regarded as more defensive in tough economic times than other property classes. EXCEED EXPECTATIONS Despite its considerable size, Rebosis’ portfolio only consists of 19 properties currently, allowing for focused approach when it comes to cost savings initiatives, tenant optimisation and lease renewals, improving the overall quality of the Fund.


PSM December/January Edition 2016/2017