Tower is an internally managed real estate investment trust (REIT) which owns a diversified portfolio of 42 convenience retail, office and industrial properties valued at R4.8 billion, located in South Africa and Croatia. The South African portfolio is located in the country's major metropoles with 47% by value in Cape Town, 41% in Gauteng and 12% in KwaZulu Natal. The five Croatian properties represent 37% of the fund's total value. The fund currently has a sectoral spread by value of 46% convenience retail, 46% office, 7% industrial and inventory 1%. Tower's near-term focus remains (i) to do all things necessary to ensure that the company and its tenants weather the current worldwide crisis caused by the Covid-19 pandemic, (ii) the redevelopment of the Old Cape Quarter, including the development of the fifty-five new residential units, (iii) the sale of non-core properties in South Africa; and (iv) the unlocking of additional value and income growth in the Croatian portfolio through its shareholding in TPF International.