managing assets, steering sustainable returns
OVERVIEW
Noble Property Fund operates through a distinctive property model, providing a comprehensive suite of services that includes asset management, property development, and facilities management on behalf of its investors.
CORE OBJECTIVES
Development and Acquisition of Retail Property Assets
The Fund focuses on developing and acquiring high-quality Convenience and Countryside Shopping Centres. These assets are retained within the portfolio as long-term investments, to deliver capital appreciation and steady income growth. These investments are selected based on extensive research, combined with the expertise and experience of a highly skilled management team.
Creating a Sustainable Income Growth
A key objective is to build a resilient and high-quality income stream by ensuring that the assets within the portfolio generate consistent income, supported by sustainable organic growth over time.
Delivering Superior Returns
The Fund is committed to delivering superior financial returns to its investors by actively managing its property assets and achieving a strong performance over a five to ten-year investment horizon.
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Our Investment Philosophy
We believe that successful investing involves a balance that aligns with our financial goals, risk tolerance, and time horizon.
Our ability to adapt to ever-changing investment landscapes promotes growth and long-term sustainability.
We endeavour to enhance Income and Capital appreciation by redevelopment, repositioning, and improved management to ultimately add value to our properties.
Our portfolio model allows for specialisation and direct management.
Greenfield developments enable us to concentrate on property types that may offer unique opportunities.
The flexibility to customise our properties allows us to fulfil specific retail desiderata in residential communities.
We are committed to widening the prospective future demand for our assets.
Risk aversion is a guiding principle in our investment decisions. We adjust our investment strategy based on changing economic and market conditions.
Property Portfolio
Convenience Model
GLA – 9 417 m²
Anchor tenants – Checkers & Clicks
% National composition of tenants – 83%
GLA – 10 987 m²
Anchor tenants – Woolworths, Pick’n Pay & Clicks
% National composition of tenants – 81%
GLA – 5 994m²
Anchor tenants – Spar, Woolworths & Dis-Chem
% National composition of tenants – 81%
GLA – 16 484 m²
Anchor tenants – Pick ’n Pay, Woolworths & Clicks
% National composition of tenants – 89%
GLA – 21 744 m²
Anchor tenants – Pick ’n Pay, Woolworths & Clicks
% National composition of tenants – 91%
GLA – 4 640 m²
Anchor tenants – Woolworths & Medirite
% National composition of tenants – 83%
GLA – 7 797 m²
Anchor tenants – Woolworths, Spar & Clicks
% National composition of tenants – 78%
GLA – 31 179 m²
Anchor tenants – Woolworths, Pick ’n Pay, Clicks & Dis-Chem
% National composition of tenants – 84%
GLA – 5 343 m²
Anchor tenants – Woolworths & Clicks
% National composition of tenants – 33%
GLA – 5 711 m²
Anchor tenants – Pick ’n Pay & Clicks
% National composition of tenants – 83%
GLA – 4 032 m²
Anchor tenants – Woolworths & Clicks
% National composition of tenants – 94%
Countryside Model
GLA – 7 378 m²
Anchor tenants – Pick ’n Pay & Clicks
% National composition of tenants – 87%
GLA – 11 366 m²
Anchor tenants – Checkers, Pick ‘n Pay & Clicks
% National composition of tenants – 96%
GLA – 11 752 m²
Anchor tenants – Pick ’n Pay & Clicks
% National composition of tenants – 83%
GLA – 18 438 m²
Anchor tenants – Checkers, Game & Clicks
% National composition of tenants – 93%
Our People
Stephan Le Roux
NON-EXECUTIVE CHAIRMAN
NOBLE SPECTATUS FUND
Jason Kombo
NON-EXECUTIVE DIRECTOR
NOBLE SPECTATUS FUND
Danie Viljoen
EXECUTIVE DIRECTOR: NOBLE SPECTATUS FUND
CHIEF EXECUTIVE OFFICER: NOBLE PROPERTY FUND
Martelie Le Roux
Director/Key Individual
NOBLE PROPERTY FUND
Cecile Fourie
CHIEF INVESTMENT OFFICER
NOBLE PROPERTY FUND
Hanneke Mostert
FINANCIAL MANAGER
NOBLE PROPERTY FUND
Handke Odendaal
ASSET MANAGER
NOBLE PROPERTY FUND
Gillian Cordom
INTERNAL ACCOUNTING MANAGER
NOBLE PROPERTY FUND
Louise Stadler
OPERATIONS SUPPORT SPECIALIST
NOBLE PROPERTY FUND
Beyond Returns
Sustainability Strategy
ENVIRONMENT
Charting a path towards sustainability, our company is dedicated to investing in renewable energy solutions. Through strategic initiatives, we not only embrace environmental responsibility but also ensure sustained business operations.
Our company also explores innovative solutions to ensure a water-secure future.
We address waste management through the engagement of professional service providers and comprehensive records of waste data. This strategic approach ensures a systematic and accountable process, reflecting our commitment to responsible waste management practices within our operations.
Education and Training Partners
We firmly believe that education promotes earnings, health, and poverty reduction. Our company takes great pride in being associated with organisations making a visible difference in people’s lives.
The foundation’s mission is to uplift and empower the people of Diepsloot, Johannesburg. We support their mission by monthly donations allocated to the Adult Education and Training programme.
People Upliftment Programme Centre offers Adult Education and Training and personal development programmes to members of disadvantaged communities. The programme aims to help learners discover their potential, transform their lives, and change their economic reality.
This non-profit organisation uses football as a catalyst for social change, to unite and uplift the Hout Bay community. Young members from vulnerable communities within the area are uplifted through mentorship and coaching, to improve life skills, academic work, and football ability.
The Noble Heart
Our company’s The Noble Heart Community Upliftment Initiative stands as the embodiment of our dedication to societal well-being. Our company actively collaborates with and supports a diverse array of Non-Profit Organisations. We strive to address specific needs and challenges, fostering sustainable growth and a sense of unity. From educational initiatives to healthcare projects, we are dedicated to making a lasting impact.
GOVERNANCE
- We maintain a high level of performance across all aspects of governance.
- We strictly adhere to ethical standards and regulatory compliance.
- We maintain sound investment strategies.
- We exercise effective risk management.
STEPHAN LE ROUX
NON-EXECUTIVE CHAIRMAN
NOBLE SPECTATUS FUND
- 2003: Growthpoint Properties Head of Retail.
- 2019: Retired as Divisional Director of Growthpoint Properties.
- Former Director of V&A Holding (Pty) Ltd.
- Represented Growthpoint Properties on the V&A Management Committee.
- 2016: Served on the Board of the South African Council of Shopping Centres.
- 2018-2020: Chairman of the Board of the South African Council of Shopping Centres.
- Current: Independent member of the Sasol Pension Fund Investment Committee.
- Committee Member and Non-Executive Director of various unlisted property companies.
JASON KOMBO
NON-EXECUTIVE DIRECTOR
NOBLE SPECTATUS FUND
- 2007-2012: Portfolio Manager and Equity Analyst at Coronation Industrial Fund.
- 2013-2015: Co-founder and Director of Avior Trans Africa (Pty) Ltd, a cold chain logistics company focused on SADC markets.
- 2016 to date: Founder and Director of Apex Private Equity Partners, a real estate investment vehicle with assets primarily in student accommodation.
DANIE VILJOEN
EXECUTIVE DIRECTOR NOBLE SPECTATUS FUND / CEO NOBLE PROPERTY FUND
- More than 23 years of experience in the retail property industry.
- 2007: Established a private retail property fund with a total value of R500m in the Western Cape.
- This fund focused on the central business areas of countryside towns, facilitating socio-economic development and community upliftment.
- Managing Director of Noble Facilities Management (Pty) Ltd.
- His journey in the world of business has been driven by a steadfast commitment to excellence and delivering exceptional value to investors.
- Under his stewardship, Noble Property Fund has evolved into a prominent company with numerous successful acquisitions.
“At Noble, our policies and strategies are aligned with our stakeholders through responsible investment policies of which consequent benefit is the further unlocking of value, and ultimately returns.”
MARTELIE LE ROUX
Director/Key Individual
CA (SA)
- 2010: Senior Audit Manager at CAP Chartered Accountants. Extensive experience in the field of internal auditing. Strategic planning of internal audits, analysis of systems and procedures at client locations. Performing tests of controls and reporting findings to management.
- 2013-2016: Financial Director Noble Property Fund. Enhancing financial reporting structures and implementing best practices to ensure adherence to compliance and corporate governance regulations.
- 2018: Fund Manager at Noble Property Fund. Responsibilities: Debt finance, managing internal control systems, and managing internal control testing conducted by auditors. Annual external audit process and all commercial legal matters related to property acquisitions and disposals.
“Compliance serves as the cornerstone upon which our company’s integrity is built.”
CECILE FOURIE
CHIEF INVESTMENT OFFICER
CA (SA)
Forensic Investigation and Criminal Justice Diploma (UJ)
- Background in the audit industry spanning from 2003 to 2015.
- Accumulated significant experience across various industries.
- Audit Manager overseeing operations for a prominent company.
- Close collaboration with the client to ensure adherence to the appropriate model and policy for the valuation of movable and immovable assets.
- 2015 to 2018: Private practice.
- In-depth experience in the valuation of tangible immovable properties.
- 2018: Financial Controller at Noble Property Fund.
- 2019-2023: Asset Manager/Investment Analyst of Noble Property Fund.
- 2024: Chief Investment Officer, Noble Property Fund.
“Expert asset management and precision investment analysis are key to maximising returns.”
HANNEKE MOSTERT
FINANCIAL MANAGER
PGDA, CA (SA)
Registered Tax Practitioner
- 2011 to 2021: Audit Manager at Exceed Cape Town Incorporated. Experience across a diverse spectrum of industries, encompassing medical, agriculture, retail, and property. Tax services to clients and assistance with queries to SARS.
- 2021: Appointed as Financial Controller at Noble Property Fund.
- 2023: Financial Manager of Noble Property Fund.
The accounting, reporting, and taxation competencies she acquired in the audit industry significantly contribute to her daily responsibilities as financial manager.
“I firmly believe that financial managers are the gatekeepers of financial integrity, maintaining the highest standards of accuracy and transparency.”
Handke Odendaal
ASSET MANAGER
CA (SA)
- 2014: Junior Administration, Turnstone (Botswana, United Kingdom).
- 2015-2021: Full-time studies.
- 2021: Accountant, Noble Property Fund.
- 2022-2024: Associate, PricewaterhouseCoopers (PWC).
- 2025: Asset Manager, Noble Property Fund.
GILLIAN CORDOM
INTERNAL ACCOUNTING MANAGER
B.Com. Financial Accounting
- Gillian is an experienced and detail-oriented accounting professional.
- Proven track record of managing internal accounting functions.
- With 3 years of dedicated experience at Noble Property Fund, she has demonstrated proficiency in providing accurate financial reporting to the Board of Directors.
- She assumes a central position in her area of expertise and significantly fosters the success of our company.
- She provides crucial support to her team members, proving to be an invaluable asset to the company.
LOUISE STADLER
OPERATIONS SUPPORT SPECIALIST
- Louise brings a wealth of experience in the banking industry to our company.
- She plays a key role in the optimisation of the company’s business operations.
- She leads the management of FICA documentation processes, ensuring accuracy and compliance with regulatory standards.
- Her dedication and diligence towards both the company and her role significantly strengthen our company’s mission.
SOCIAL
ECONOMIC DEVELOPMENT
Our assets serve as catalysts for fostering employment. The management and development of our properties not only directly impact the local supply chain, but also create a ripple effect, resulting in secondary job creation throughout interconnected sectors.