Omnigro Factsheet
Omnigro Factsheet
Omnigro Factsheet
(Reg: 2016/138307/07)
UNLISTED PROPERTY PORTFOLIO
Head Office – The Edge – Tygerfalls
ABOUT OMNIGRO
Convenience
Retail REGIONAL ALLOCATION
ASSET ALLOCATION
School
Starting out in commercial and residential developments, OMNIGRO
evolved into a large commercial and industrial developer and investor,
creating a diversified multi-sector portfolio. Our investment philosophy is
underpinned by controlling risk through diversification and employing
varying investment strategies. We have also signed big tenants like PSG,
Distell, Mercantile Bank, Capitec Bank, Intercare, Sanlam, Clicks, Checkers,
Makro and Cipla (warehousing), SARS, Macsteel, Mercedes Benz and
Department of Public Works amongst others. Our mix of tenants extends
Medical to the big national retailers as well. Our clients have also entrusted us with
project management and turnkey developments while delivering on their
requirements.
Convenience Retail – 40% or more
Industrial (Warehouses and Distribution Centres) – 40% or more
Select Offices and others – 20% (Max)
COMMENTARY
Property as an asset class has bricks and mortar value therefore has real tangible value. Commercial property forms
an integral part of a sound investment strategy and is suitable for long-term investors. Commercial property also
offers stable growth and income returns coupled with a reasonable level of inflation protection. The valuations,
rentals and subsequent returns on commercial property have a low correlation to other asset classes such as fixed
income instruments, listed and private equity. This low correlation makes property an excellent diversifying asset in
a multi asset investment portfolio.
OMNIGRO is well positioned to take advantage of the above attributes by investing in commercial properties that
have the potential of unlocking additional value beyond their existing yields. Each property will be treated as a
business for which a growth strategy is developed and executed through the appropriate skill set. Our aim is to
acquire properties with portfolio average net yield of 9%.
We also aim to appoint two more directors with high ethical standards who can add value through their astute
business skills and/or knowledge of the property industry.
SOCIAL IMPACT
OMNIGRO group also owns 366 ha of zoned land in Tulbagh (Waverenskroon) and I 350 ha of land included in the
Spatial Development Framework (SDF) Worcester (Quaggaskloof). Portions (± 10% of usable land) of these sites are
earmarked to build the OMNIGRO Foundation Social Impact projects. The Quaggaskloof development and the
Waverenskroon development are CATALYTIC PROJECTS offering tourism destinations of international standards with
the aim of creating places celebrating the “Circle of Life” by providing ICONIC & UNIQUE economic attractions with
critical mass. The OMNIGRO Foundation believes in effective and sustainable land use management, development
principles, norms, standards and harvesting the future through improving access to well located, land and by building
industries that will uplift not only surrounding communities, and job creation, but also boosting the economy of
South Africa by providing Quality tertiary education facilities:
• QUAGGASKLOOF: The development of tertiary education and research facilities to provide relevant courses in
life-style skills, human skills, social workers, nurses, missionaries and evangelists etc. This will be developed
within the greater Quaggaskloof development where we will focus on tourism precinct, showcasing hotels,
health - and - retreat spas, conference centre facilities, residential, school, retirement and retail nodes.
• WAVERENSKROON: The development of education and research facilities by providing a school and a university
in Agricultural sciences, Home Economic sciences and Tourism courses in order to produce highly skilled
farmers, chefs, food scientists, dieticians, tourism ambassadors etc, within the greater Waverenskroon
residential, retirement and retail development.
Where we get involved, we add, create and unlock hidden value. We have an insatiable curiosity about design, environmental
impact and sustainable developments. For full details refer to our social impact fact sheet.
OMNIGRO DIRECTORS
Founder and CEO, Ian Odendaal has worked in financial services, retail and
property development and management since 1980. Prior to starting Omnigro in
1989, Ian worked for Price Waterhouse Coopers, the Foschini Group as a Financial
Manager for Markhams and Pages. He has also been Chief Financial Officer (CFO) at
Communicare. He holds B.Acc from Stellenbosch University and B Compt Hons from
UNISA.
Merwe Viljoen completed his articles at Ernst & Young in Johannesburg and
qualified as a Chartered Accountant in 1987. He subsequently did a Masters Degree
in Tax at the University of Pretoria. Merwe also started an auditing firm known as
Viljoen and Nieuwoudt, which became Ashton Chartered Accountants, as managing
partner until 2004. Merwe built up a substantial commercial client base during his
sixteen years as auditor and advisor of various businesses. He has also been involved
in various capacities in listed companies.
Mandisa Zungu has worked in education, financial services and mining sectors. She
has taught grade 12-mathematics, worked for Ginsburg Consulting Actuaries, Old
Mutual Properties and Coronation Fund Managers. She has also served on the
boards of Element Investment Managers and Inanda Seminary amongst others. She
also specialized in Socially Responsible Investments covering investment products
focusing on ESG principles. She led client relationship management for institutional
funds with Assets under Management up to R100bn. She holds a BSc in
mathematics, HDE-Fort Hare University and an MBA-Bond University Australia.
Dr. Jonathan Smith, Non-executive director, has been part of the Omnigro team
since 1992. He holds an M.B.Ch.B (Cum Laude) degree from the University of Cape
Town and an M.Med (Derm) (Cum Laude) degree from the University of
Stellenbosch. He was the Treasurer of the Dermatology Society of South Africa for
18 years and is the current President. He also started a private practice in the Jan
S. Marais Medical Centre, Bellville in conjunction with other doctors.