The Millenium marked a major new geographic interest for Folkes Holdings, where it made the strategic decision to move up the risk curve and into the high economic growth environment of South Africa.
Folkes has since channelled its resources and expertise into sourcing, acquiring and developing retail and industrial real estate, and forging partnerships with noteworthy local operators which has led to significant investment positions in the close ended funds of Rapfund and Wingspan.
Our South African division now constitutes a third of Folkes Holdings balance sheet with a gross asset value sitting at £30m (R540m).
Real estate space totals 1,025,792 sqft (95,298 m2).
|Retail||651,151 sqft (60,493 m2)|
|Industrial||365,115 sqft (33,920 m2)|
|Residential||9,526 sqft (885 m2)|