The Rialto Project is funded through the donations of various companies, organisations and family offices.
We currently have four corporate sponsors who have collectively committed more than R2 million to the programme.
Our sponsors include:
The Community Property Fund
The Futuregrowth Community Property Fund has been acquiring and expanding shopping centres catering to the needs of under-serviced communities throughout South Africa for 20 years. The Fund is a flagship fund among Futuregrowth Asset Management’s suite of developmental investments, with R4.8 billion of properties under management and a combined gross lettable area in excess of 327 000m2. The Fund currently owns 20 properties in eight provinces. The shopping centres are located in prime locations within townships and rural areas around the country.
Futuregrowth Asset Management
In the wake of South Africa’s democratic transition, Futuregrowth was founded in 1994 with a small suite of investment funds focused on social development and empowerment, and with the vision of creating a sustainable channel for pension funds to invest in disadvantaged communities and national development.
Futuregrowth manages around R186 billion (as at 31 December 2020) of clients’ assets across the full range of fixed interest and development funds, and plays a leadership role in the asset management industry in South Africa.
Capital Land Asset Management
Capital Land is a leading investment property boutique involved in the asset and property management of institutional and private commercial property portfolios. Capital Land manages one of the largest portfolios of specialised retail assets, servicing the high-growth mass market in South Africa. Its portfolio comprises 24 commercial properties valued at approximately R4.9 billion, with a consolidated gross lettable area of around 333 000m2.
The core operations of Capital Land involve commercial property asset management, financial administration, operations, utilities and facilities management, property development, leasing, legal and compliance management, marketing, media and promotions, and the management of corporate social investment programmes.
Fabola Industries (Pty) Limited is a commercial property investment company. The company owns the Village Square Shopping Centre in the town of St Francis Bay in the Eastern Cape. The Centre is managed by Capital Land.
Further corporate sponsorship and strategic partnerships are required to grow the project and fund further bursaries for deserving candidates.
Each sponsorship is awarded to a selected candidate as agreed by the sponsor, who will be required to pledge sponsorship for the scholar from Grade 8 through to Grade 12.
The Rialto Project undertakes to allocate 100% of the donated funds to the bursary recipient. All management costs of the project are funded by Capital Land. All contributions to the programme qualify for socio-economic development points towards B-BEEE certification.
Section 18(A) approval is currently in progress and, once awarded, sponsors will be issued the necessary certificate for tax deduction.
Should you wish to join our team and become a corporate sponsor of the Rialto Project, please contact us on 021 673 3300 or email email@example.com.