Thibault, a property holding and investment company that has been approved as a REIT by the CTSE, was established by Steven Herring, the founder of Heriot REIT Limited amongst other successful property investment businesses. The current portfolio of Thibault comprises retail, commercial and residential space, as well as undeveloped land strategically located near the Cape Town International Airport. Thibault’s investment strategy is focussed on the acquisition and development of a diversified portfolio of yield-enhancing, predominantly Cape based properties that are underpinned by strong property fundamentals and a high percentage of blue-chip tenants and which offer secure long-term rental income growth and escalating free cash flows.