Properties, established in 2002, has a diverse portfolio in Namibia and South
Africa worth a total of N$2.326
billion. It is listed on the Namibian Stock Exchange in the Financial Real
Estate sector. Owned nearly entirely by Namibians, the company is passionate
about securing prosperity for its country.
has 287 tenants in 25 properties in premium-quality retail, industrial and
office real estate. In the retail sector (62% of the portfolio), the company
owns Maerua Mall, Gustav Voigts shopping centre and Baines shopping centre, all
in Namibia’s capital city of Windhoek. The industrial sector (27%) comprises
various acquisitions in South Africa and Namibia, with 100% occupancy. Prime office
real estate in Windhoek makes up the balance (11%) of the portfolio. Occupancy
across all properties is at 97.9%.
Oryx Properties seeks to grow its portfolio
through the acquisition or development of additional properties, which will provide
escalating income streams from quality tenants to secure long-term earnings
growth. In addition, Oryx may from time to time invest in listed real-estate
securities, to allow for flexibility in respect of new direct real-estate
investment opportunities, portfolio diversification and yield enhancement.
aspires to be a responsible corporate citizen and believes in good governance
and leadership. It is heavily invested in exploring environmentally sustainable
opportunities, one of which was the 2016 installation of a N$17-million 1MWp
rooftop solar-power plant at Maerua Mall that generates about 20% of the
SCOPE AND BOUNDARY
Oryx recognises the role and importance of integrated
reporting in demonstrating our ability to create and sustain value across all
components, including its performance in, and commitment to, economic, social,
and environmental sustainability for the ultimate benefit of all its
Therefore, this Integrated Annual Report represents our best
efforts to align our reporting with the requirements and principles of the
NamCode, International Financial Reporting Standards ('IFRS') and the Companies
Act of Namibia.
Successful and comprehensive integrated reporting is a
learning process, and Oryx remains committed to this journey towards
best-practice reporting methodology.
Oryx is a property loan stock company listed in the
“Financial-Real Estate” sector on the Namibian Stock Exchange ('the NSX').
The Company was listed on 4 December 2002. Oryx, together
with its subsidiaries ('the Group'), owns a premier-quality retail, industrial
and office real estate portfolio, which generates and offers investors a
dependable, sustainable and growing income stream.
Oryx seeks to grow the portfolio by the acquisition or
development of additional properties, which will have escalating income streams
derived from quality tenants, to secure long-term earnings growth. In addition,
Oryx may from time to time invest in listed real estate securities, to allow
for flexibility in respect of new direct real estate investment opportunities,
portfolio diversification and yield enhancement.
SIGNIFICANT EVENTS IN THE ORYX HISTORY
Infographic of History