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Key Points
- Ninety-One buys 5% of Resilient REIT, investing R1.07 billion ($57.1 million), reinforcing global interest in South Africa’s real estate investment market.
- The acquisition aligns with Resilient REIT’s growth strategy and solidifies Ninety One’s position as a key shareholder, enhancing investor trust.
- Ninety-One’s latest acquisition signals an increasing institutional investors’ focus on top-performing South African firms.
Resilient, a Sandton-based real estate investment trust (REIT) led by South African tycoon Barry Stuhler, has welcomed a new investor. Anglo-South African asset management firm Ninety-One, which is dual-listed on the London and Johannesburg Stock Exchanges, has acquired a 5 percent stake in the company.
The investment, valued at R1.07 billion ($57.1 million), was disclosed in a regulatory filing on January 3. This move highlights the growing institutional interest in South Africa’s dynamic real estate investment sector, particularly in well-established firms like Resilient.
Resilient REIT attracts major investors to start 2025
Known for its focus on retail and commercial property investments, Resilient begins 2025 with heightened interest from institutional investors. Ninety-One’s decision to invest reflects its confidence in Resilient’s potential for growth and its broader strategy of backing companies with solid fundamentals and promising market opportunities.
This development builds on a broader pattern of institutional investments, including contributions from key players like the Public Investment Corporation. Ninety-One’s stake reinforces confidence in Resilient’s diversified property portfolio and robust market positioning, further cementing its reputation in South Africa’s thriving real estate sector.
Strategic partnership with Ninety-One boosts growth
Founded in 2002 by Barry Stuhler and Des de Beer, Resilient has become a cornerstone of the South African real estate market. The REIT manages a portfolio of 27 shopping centers with a gross lettable area of 1.2 million square meters, solidifying its spot as a market leader.
The recent move by Ninety-One marks a pivotal moment for Resilient, as it gains a strategic ally with the resources and expertise to propel its growth. This collaboration not only strengthens Resilient’s leadership in South Africa’s retail real estate industry but also broadens its reach in global markets, affirming its long-term potential for success.
