Afine Investments Limited was formed in early 2021 to create a holding company for a specialist real estate investment trust, better known as a REIT, focusing on the petrol filling station sector in South Africa.
Afine was established by well-known investors and managers in the REIT space, who have operated both in South Africa and internationally over the past 25 years.
The first investments were the acquisition of five petrol filling station properties from various vendors in February 2021. A further two properties were acquired in May 2021 as well as an additional two properties in March 2022. The majority of the properties are operating in the top 10% of fuel sales in South Africa.
The objective is to grow Afine going forward with the acquisition of further petrol filling station properties that fit the investment strategy.
MEET THE TEAM
After successful careers with Trek Petroleum (Pty) Ltd and Engen. Anton started his own development and investments company in 1993. He subsequently built his company into a leader in its field, with over 60 petrol filling stations developments completed
Director and Chief Financial Officer of Petroland Group since 2012. Assisting with the development of new petrol filling stations as well as back end financial management and maintenance of these petrol filling stations.
Non -Executive Chairman
Founder and CEO of RDI REIT PLC from April 2006 until his retirement from the board in December 2020. In the past he has served on the boards of Hyprop Investments Limited, Redefine Properties Limited and Sycom Property Fund in South Africa. In addition, he was a director of the Cromwell Property Group in Australia, and chaired the RBH Hospitality Limited board in the UK. He is currently a director of KSP Investments Limited
GARY DU PREEZ
Having spent 12 years building a respected career within the retail property development sector of the oil industry Gary decided in 1998 to use the expertise that he had gained to set up his own development and investment company specializing in retail service station properties. Spanning a period of 36 years he has been directly, as an owner/developer, and indirectly, as an oil company employee or specialist consultant, responsible for the development of more than 90 service stations.
Professional Civil Engineer with over 25 years’ experience in property development. He was responsible for the development of over 20 PFS whilst employed by the Corovest Property Group in South Africa in the early 00’s. He subsequently set up his own development and investment business and co-developed the Engen Platinum One Stop between Pretoria and Rustenburg. After this Darryl joined RDI REIT PLC in the UK being responsible for all development activity within the group.