Investing in retail & logistics assets across Europe
Investing in retail & logistics assets across Europe
New Frontier Properties was incorporated as a private company in Mauritius on 5 June 2014 and subsequently converted into a public company. It has a dual primary listing on the Stock Exchange of Mauritius Ltd (SEM) and the Alternative Exchange of the Johannesburg Stock Exchange (AltX). In October 2015, it transferred its tax domicile to the UK and joined the UK REIT regime. New Frontier left the UK REIT regime but continues to be a UK tax resident company.
New Frontier acquired its first two retail properties in April 2015 when it bought the Cleveland Centre in Middlesbrough and Coopers Square in Burton upon Trent. In September 2015, it acquired Houndshill Shopping Centre in Blackpool. In October 2017, New Frontier acquired a modern warehouse unit at Stadium Business Park in Dublin, Ireland.
New Frontier’s investment strategy previously targeted high quality, income-generating shopping centres and has now broadened to include logistics and warehousing properties occupied by the growing online retail sector, in the UK and mainland Europe. Preference will be given to logistics and warehouse assets in the UK, Germany, Austria, Slovakia, Czech Republic, Poland, Ireland and Benelux.
New Frontier aims to grow its portfolio to £1bn within the next three to five years.
In March 2018, New Frontier received the PwC Corporate Reporting Award for listed Global Business Companies in recognition of the presentation and content of the Company’s 2017 Integrated Annual Report.
According to the panel of external, independent experts: “New Frontier Properties Limited is a class above in terms of content and feel of the report. They displayed better clarity in their reporting.”
Mr Gmeiner attained his BCom Accounting (Hons) and qualified as one of the top ten students in the Chartered Accountants examination in 1983. During his accountancy career he became a partner in Cohen and Gmeiner Accountants, which he led to become one of the largest auditing firms in South Africa. He founded a property company in 1991, which has grown into the current Orion Real Estate Limited, listed on the JSE Limited. During 1999 he took over the hotel operations of the Hotel Devonshire and since then the Orion Hotels division has built up a portfolio of 8 hotels.
Mr Theunis Frederik Jacobus Oosthuizen (B Proc (UK), LLB Stellenbosch, LLM (UJ)) is an attorney by profession practicing under the name and style of Oosthuizens (JHB) Attorneys. He served as a city councillor for the City of Johannesburg from October 1985 until October 2000. During his tenure he served on the Management Committee / Mayoral Committee as well as having served on and chaired a number of other council committees.
New Frontier is committed to the highest standards of integrity and ethical conduct in dealing with its stakeholders, and requires the same approach from all who act on its behalf.
Underpinning all aspects of New Frontiers business dealings are its core values:
We recognise that we have obligations towards our shareholders, the advisers and contractors who are essential to our business, and not least the local communities in which we operate. The well-being of our property assets is wholly reliant on their reputation with in the communities they serve. We will therefore be responsive to community needs and address any issues that arise through early and positive dialogue with local representatives.
All our property development activities will aim to minimise the impact on the community and the environment generally, and we will seek to apply all relevant energy saving and noise reduction standards. We expect our advisers and contractors to prioritise the health and safety of their workers and the public over all other considerations, as well as carry out all appropriate safety and environmental monitoring.
New Frontier has a Gender Diversity Policy in place.
New Frontier Properties is developing a real estate portfolio focused on retail and logistics assets in the UK and Europe. The portfolio will be underpinned by long-term leases, low vacancies and strong covenants, and the properties will be situated in dominant locations.
New Frontier acquired its first two retail properties in April 2015, notably the Cleveland Centre in Middlesbrough and Coopers Square, Burton upon Trent.
Portfolio by value
Portfolio by GLA
2 May 2018
9 March 2018
28 November 2017
16 January 2017
12 December 2016
11 November 2016
25 October 2016
14 October 2016
Please get in touch if you would like further information on New Frontier or would like to discuss potential opportunities.
