Investments and Concessions
Investments and Concessions comprises Infrastructure Concessions and Property Developments. It operates in South Africa and Europe.
  Infrastructure Concessions
Infrastructure Concessions houses the group’s investments in infrastructure concessions, including operations and maintenance services.
This business currently consists only of transport concessions under the Intertoll brand. Intertoll develops, invests in and operates toll motorways through regional businesses in South Africa, Hungary and Poland.
Infrastructure Concessions is actively working on expanding its concessions portfolio to include concessions, such as public buildings and power concessions.
“In line with this, the group has been awarded preferred bidder status on two serviced public buildings concessions and two transportation PPP’s in South Africa.”
Key contracts
| |
Secured investments and contracts – Motorways |
| |
10 annuity-type contracts, of which three are concessions investments. |
| |
Name |
|
Status |
Country |
|
Type |
Kms |
|
Duration |
|
Equity |
| |
M5 Motorway |
|
Operational |
Hungary |
|
Availability |
157 |
|
2031 |
|
– |
| |
M6 Motorway (Phase 1) |
|
Operational |
Hungary |
|
Availability |
59 |
|
2027 |
|
– |
| |
M6 Motorway (Phase 3) |
|
Operational |
Hungary |
|
Availability |
78 |
|
2037 |
|
10% |
| |
A1 Motorway (Phase 1) |
|
Operational |
Poland |
|
Tolled |
90 |
|
2039 |
|
15% |
| |
A1 Motorway (Phase 2) |
|
Pre-operation |
Poland |
|
Tolled |
61 |
|
2039 |
|
15% |
| |
N1 North |
|
Operational |
South Africa |
|
CTROM |
400 |
|
2011 |
|
– |
| |
N1 South |
|
Operational |
South Africa |
|
CTROM |
400 |
|
2011 |
|
– |
| |
N2 Tsitsikamma |
|
Operational |
South Africa |
|
CTROM |
40 |
|
2014 |
|
– |
| |
N2 North Coast |
|
Operational |
South Africa |
|
CTROM |
138 |
|
2017 |
|
– |
| |
N4 West Magalies |
|
Operational |
South Africa |
|
CTROM |
30 |
|
2010 |
|
– |
| |
|
|
|
|
|
Total |
1 453 |
|
|
|
|
|
Property Developments
Property Developments develops, owns and services A-grade property assets in South Africa. This business focuses on the commercial, industrial and retail markets and selected developments in the residential market. Returns are generated through a blend of property development fees, unit sales and annuity income returns achieved from a portfolio of targeted equity investments.
Key contracts
| |
Key contract |
|
Type |
|
Construction status |
| |
Gugulethu Square |
|
Retail equity investment (18% equity interest) |
|
Complete |
| |
Starleith |
|
Sandton land purchase. Mixed-use rezoning |
|
|
| |
|
|
application underway |
|
Not started |
| |
|
|
Property equity investment (25% equity interest) |
|
|
| |
Crystal Park |
|
Affordable housing development (no equity) |
|
Not started |
| |
Waterfall Farm |
|
Mixed-use equity investment (15% equity interest) |
|
Initial construction started |
| |
114 West |
|
Sectional title office scheme (25% equity interest) |
|
|
| |
(Sandton CBD) |
|
and rezoning rights in place |
|
Launched to market |
|
|
