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Investor briefing · April 2026
Monte Circle Office Park is performing in line with the underwriting model. Recoverable position this cycle is R487 200 driven by escalation under-application, OpEx pro-rata back-billing, and a CoJ tariff back-correction. NOI is +6.3% YoY, ahead of the Rode Fourways office node which printed +4.2%. Occupancy 96.6%. Arrears 60+ down 42% YoY on the back of the audit-driven recovery program. The Manco-decided action list is fully tracked and visible below.
Recovered MTDR487 200audit-driven · this cycle
Avoided overpaymentR143 000MM-01 · CoJ back-correction
NOI · monthlyR5 842 000+6.3% YoY
Occupancy96.6%+0.4pp QoQ
Active actions
Pulled from the latest Manco · 5 open · meeting held 62d ago
- Draft AfriSky proposal · Block C 4A · R150/sqm · server-room move includedlinked → JC-RENEWAL-2Bdue 02 May
- Push CoJ lodgement to municipality once signedlinked → UTIL-AUD-MM01 · R124,800 recoverydue 02 May
- Sign off CoJ tariff back-correction lodgement in audit consolelinked → UTIL-AUD-MM01due 03 May
- Approve JC-1850 — water anomaly investigation Block Clinked → JC-1850 · auto-dispatch on approvaldue 03 May
- Tenant-by-tenant renewal strategy memo · 5 at-risk tenantslinked → RENEWAL-PIPE-26due 16 May