Company profile
Badger Properties Pty Ltd
Badger Properties Proprietary Limited is a South African industrial and logistics property-owning company whose portfolio comprises three distribution centres supporting PEP and Ackermans' retail operations across Southern Africa. Its approximately 280,000 m² portfolio consists of the Ackermans and PEP distribution centres in Hammarsdale, KwaZulu-Natal, and the PEP distribution centre in Kuils River, Western Cape. The properties were transferred to Badger Properties as part of a structured sale-and-leaseback transaction completed in September 2026, with PEP and Ackermans continuing to occupy and operate the facilities under 15-year triple-net leases.
- Sector
- Real estate and housing / Real Estate Holding & Development
- Markets
- South Africa
- Ownership
- Private
- Stage
- Corporate
- Capital raised
- $140m
- Business model
- B2B Rental/Leasing
Products and services
Industrial and logistics property leasing; distribution-centre ownership; long-term triple-net leasing
Transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 8 Sep 2026 | IronOak acquires 65% of Badger Properties for R2.25bn | Private Equity, Real Estate | $140m | South Africa |
Source: Partner Researchers.