PROFILE

Pareto Ltd has developed an excellent reputation as a highly respected property loan stock company with a strong focus on acquiring and enhancing major retail shopping centres around South Africa. Its minimum size requirement for shopping centre investment has been reduced from 60 000 m² to 30,000 square metres in line with the growing trend towards decentralisation and convenience shopping in the country’s major urban areas.

With property assets valued at around R11 billion, Pareto is one of South Africa’s premier property investors and asset managers and is playing an increasingly important role in shaping the future growth and development of the industry.   
 
If Pareto invests in a mixed-use property development, at least 50% of the development must be dedicated to retail.

Essentially, Pareto’s mission is to consistently outperform the industry benchmark, continue to grow property income for its shareholders, and to be a leading light in bringing about transformation and broad-based black economic empowerment in the property industry. Commitment to sustainable Corporate Social Investment (CSI) projects is also a core feature of Pareto’s activities.

Since its formation in 1998, Pareto has strongly grown its capital base and consistently enhanced income returns for its shareholders. Pareto has its roots in the Eskom Pension & Provident Fund, one of the original investors in Sandton City, South Africa’s first large-scale retail shopping mall. In 2001, the Public Investment Corporation acquired a 40% stake in Pareto with the Eskom Pension & Provident Fund retaining a 60% stake.

Moving forward, Pareto’s goal is to consolidate its market leading position as an asset manager and property investor and to diversify its asset and income base subject to its strict investment criteria.

Pareto’s premier shopping centre investments include:

• Johannesburg – Cresta Shopping Centre(100%)
• Johannesburg – Sandton City Shopping Centre (25%)
• Johannesburg – Southgate mall and Value Market (67%)
• Johannesburg – Westgate Regional Shopping Centre (56%)
• Durban – The Pavilion Shopping Centre (100%)
• Western Cape – Tyger Valley Shopping Centre (58%)
• Bloemfontein – Mimosa Mall (100%)

Pareto’s other property investments include 25% ownership of: 
• Sandton Office Towers
• Sandton Convention Centre
• Sandton Game
• Sandton Sun hotel
• Intercontinental hotel
• Sandton Garden Court hotel