GPI Properties was established in 2012 and operates as a property holding and project management company. The properties are leased to subsidiaries of GPI, including the GPI Slots Group, Grand Tellumat Manufacturing, BURGER KING® and Mac Brothers Catering Equipment.
effective ownership (as at 30 June 2015)
contribution to GPI headline earnings for the period
GPI Properties comprises a property management division and project management division. It currently has a portfolio of nine properties, including four properties acquired during the financial year in Gauteng and the Western Cape. The carrying value of the entire portfolio as at June 30 2015 was R250.0 million, with a market value of R302.3 million, as determined by professional valuation.
The project management division is currently focused on growing its property portfolio of commercial and housing developments, with a view to unlocking value and leveraging the development opportunities for GPI and its subsidiaries.
The property management division is primarily focused on managing the roll-out of BURGER KING® in a sustainable and efficient manner and at the rate required to meet the Group’s expansion targets.
GPI directors at GPI Properties board level
Hassen Adams, Alan Keet
Total employee complement: 16
Historically disadvantaged individuals (HDIs) represent 75% of the total employee complement
Females represent 37.5% of the total employee complement
- Three properties in Gauteng
- Six properties in Western Cape
Key financial performance indicators (R’000s)
|Revenue||33 804||14 447||2 906|
|EBITDA||14 218||8 874||1 299|
|Net profit after tax||3 863||2 421||32|
|Shareholder loan||(162 862)||(102 870)||(57 554)|
|Total debt excluding shareholder loans||(119 503)||(70 610)||(78 554)|