<\/p>\n
JSE-listed Attacq says it continues to invest in water resilience infrastructure to cushion the blow of dry taps on operations at its properties and precincts, especially in Johannesburg.<\/p>\n
Residents and businesses in parts of the city have been hamstrung by water supply disruptions for some time, caused by a combination of ageing infrastructure, high demand and leaks in the system, among other issues.<\/p>\n
Midrand, which is home to one of the country\u2019s major business, residential and logistics hubs Waterfall City, has been among the hardest hit.<\/p>\n
Attacq, lead developer of Waterfall City, says it has gone to great lengths to reduce the impact on its residential and retail assets and other office buildings under its portfolio.<\/p>\n
Read:<\/p>\n
Continued Waterfall City investment yields solid returns for Attacq
\nWar room set up in Johannesburg as water crisis spurs protests
\nMidrand residents protest massive water outage<\/p>\n
\u201cOver the past few years, Attacq has taken deliberate steps to strengthen the sustainability and reliability of its precincts, expanding infrastructure through the completion of an additional 1.3 megawatt-peak [MWp]\u00a0of rooftop solar PV and installing 1.3 million litres of water backup capacity,\u201d Attacq CEO Jackie van Niekerk told Moneyweb<\/p>\n
She was speaking following the release of the group\u2019s interim results on Tuesday.<\/p>\n
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\u201cThese investments help ensure that precincts remain operational and protected during periods of strain on municipal systems,\u201d she added.<\/p>\n
To further strengthen resilience, Van Niekerk says Attacq has established a dedicated task team that actively monitors and oversees water systems across its precincts, including talks with Johannesburg Water, to support coordinated planning and rapid response.<\/p>\n
She says it\u2019s difficult to quantify the impact of the water shortages in the city and other affected regions, but the group believes the latest results signal its resilience.<\/p>\n
In the six months ended 31 December 2025, the group\u2019s occupancy improved to 93.7% and 92.5% of leases expiring in the period were successfully renewed \u2013 \u201creflecting strong client demand across the group\u2019s retail, collaboration and logistics hubs\u201d.<\/p>\n
Attacq share price<\/p>\n
The Waterfall City-based company, with a R12.9 billion market cap on the JSE, increased its distributable income per share by 9.6% to 60.3 cents, driven by contractual rental escalations, improved occupancy levels, and income from newly developed buildings.<\/p>\n
Read\/listen:
The big JSE property stocks trading at premiums \u2026
R2.75bn Attacq Waterfall City expansion includes 19-storey residential tower<\/p>\n
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Retail-experience hubs maintained high occupancy levels of 97.8%, while collaboration hubs recorded occupancy of 88.4% as many businesses are returning to work full time.<\/p>\n
Portfolio trading density increased by 4.2%, supported by a 2.9% increase in total tenant turnover to R15.3 billion, while the rent-to-turnover ratio remained stable at 6.7%.<\/p>\n
Listen to Suren Naidoo\u2019s interview with Attacq CEO Jackie van Niekerk\u00a0in this episode of The\u00a0Property Pod (or read the highlights here):<\/p>\n<\/p>\n
You can also listen to this podcast on iono.fm\u00a0here.<\/p>\n
#Attacqs #1.3mlitre #backup #buffers #impact #Joburg #water #crisis<\/p>\n","protected":false},"excerpt":{"rendered":"
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