Fountainhead Property Trust is a property unit trust established in 1983 in terms of the Unit Trust Control Act, 1981, subsequently, in March 2003, replaced by the Collective Investment Schemes Control Act, 2002.
The Trust is a closed-end fund and is listed on the Johannesburg Securities Exchange. Units in the fund can therefore only be acquired on the stock exchange and are not issued by the management company directly to the public. Originally known as the Standard Bank Property Fund and subsequently Allan Gray Property Trust, the Trust was renamed Fountainhead Property Trust on 1 June 2007 after The Standard Bank of South Africa Limited purchased the controlling share in the company responsible for the management of the Trust. This management company, which has been renamed Fountainhead Property Trust Management Limited, is advised by The Standard Bank of South Africa Limited.
The investment policy of Fountainhead Property Trust Management Limited is to create wealth for the Trust's unitholders by consistently generating a total rate of return in excess of inflation. This is to be achieved by optimising net rental growth and thereby maximising the appreciation in the value of the underlying properties in the portfolio.
Grayston Ridge Office Park
N1 City Mall
- Centurion Mall, Gauteng
- The Boulders Shopping Centre, Gauteng
- Blue Route Mall, Western Cape
- Kenilworth Centre, Western Cape
- N1 City Mall, Western Cape (58%)
Full details of the Trust and its assets can be found in the latest annual report.