Group costs

GPI Properties

Profile

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.

ownership structure

100%
effective ownership (as at 30 June 2015)
(R18.6 million)
contribution to GPI headline earnings for the period

Overview

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.

factsheet

managing executive

Faldi Samaai

GPI directors at GPI Properties board level

Hassen Adams, Alan Keet

BBBEE rating

Level 4

Employees

Total employee complement: 16

Historically disadvantaged individuals (HDIs) represent 75% of the total employee complement

Females represent 37.5% of the total employee complement

Head office

Cape Town

Operational footprint

  • Three properties in Gauteng
  • Six properties in Western Cape

Key financial performance indicators (R’000s)

2015 2014 2013
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)