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ANNUAL FINANCIAL STATEMENTS
30 JUNE 2015

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Property portfolio detail

AT 30 JUNE 2015

  RSA            
  Property name Location GLA
m²		 Vacancy
%		 Value
Rm		 Value/m2
(excluding
additional
bulk)
Rand		 Gross
rental
(month/m²)
Rand
  RETAIL PORTFOLIO            
  Regional Shopping Centres   913 620 3.3% 20 116 22 019 172
1 Alberton City Johannesburg 47 085 1.4% 962 20 423 169
2 Bayside Centre Cape Town 45 646 – 1 159 25 394 173
3 Brooklyn Mall and Design Square (75%) Pretoria 55 935 5.3% 2 079 37 168 262
4 City View Durban 40 876 12.3% 303 7 417 85
5 Festival Mall Johannesburg 81 146 2.1% 1 730 21 325 133
6 Greenacres Port Elizabeth 40 424 8.9% 1 134 28 045 259
7 Key West Krugersdorp 52 245 0.9% 1 144 21 904 174
8 Kolonnade (50%) Pretoria 38 098 1.3% 1 033 27 125 202
9 La Lucia Mall Durban 36 424 0.8% 1 123 30 848 225
10 Lakeside Mall Benoni 67 536 8.6% 1 274 18 867 168
11 Longbeach Mall Cape Town 31 240 2.3% 503 16 088 140
12 N1 City Mall (42%) Cape Town 36 868 – 658 17 842 118
13 Northgate (50%) Johannesburg 44 566 6.4% 809 18 142 159
14 Paarl Mall Paarl 36 250 2.0% 819 22 588 181
15 River Square Shopping Centre Vereeniging 38 928 4.8% 604 15 524 134
16 The Avenues Springs 34 725 2.1% 425 12 236 100
17 Vaal Mall (77.9%) Vanderbijlpark 38 337 1.9% 1 239 32 332 191
18 Walmer Park Shopping Centre Port Elizabeth 43 155 – 960 22 246 183
19 Waterfall Mall Rustenburg 49 196 1.5% 1 361 27 673 218
20 Woodmead Retail Park Johannesburg 54 940 1.5% 797 14 501 146
  Community Shopping Centres   344 276 3.2% 5 999 17 425 141
1 14th Avenue Hyper Johannesburg 25 509 – 254 9 973 85
2 Beacon Bay Retail Park East London 27 313 – 367 13 430 128
3 City Mall Klerksdorp 22 571 7.0% 325 14 394 153
4 Gardens Centre Cape Town 14 388 – 546 37 920 263
5 Golden Acre Cape Town 33 590 3.1% 555 16 531 175
6 Grayston Shopping Centre Sandton 4 334 – 97 22 468 217
7 Hatfield Plaza Pretoria 19 295 12.0% 328 17 004 179
8 Helderberg Hyper Somerset West 21 225 2.4% 177 8 339 73
9 Hillcrest Corner (50%) Durban 9 977 16.4% 193 19 375 162
10 Howard Centre Cape Town 14 591 0.9% 327 22 425 178
11 Mark Park Vereeniging 21 163 1.2% 248 11 709 105
12 Meadowdale Value Centre Germiston 17 878 2.2% 112 6 254 64
13 Middestad Mall Cape Town 19 953 2.5% 285 14 304 157
14 Picbel Parkade Cape Town 13 796 8.5% 205 14 861 120
15 Sunward Centre Boksburg 12 137 6.2% 169 13 908 112
16 The Bridge (27.5%) Port Elizabeth 12 346 2.3% 193 15 642 118
17 The Constantia Village Cape Town 20 351 – 952 46 754 281
18 The Village Square Randfontein 20 755 2.1% 383 18 453 29
19 Westville Mall Durban 13 104 – 283 21 566 170
  Neighbourhood Shopping Centres   75 913 4.6% 769 10 122 105
1 Campus Building Pretoria 3 179 39.1% 37 11 544 192
2 Edgars – Bloemfontein Bloemfontein 5 985 – 45 7 586 *
3 Grand Parade Centre Cape Town 10 542 6.4% 100 9 448 111
4 Hatfield Mall Pretoria 6 332 3.2% 57 8 923 111
5 Jet – Bloemfontein Bloemfontein 5 984 – 32 5 331 *
6 Norkem Mall Kempton Park 9 632 3.3% 102 10 631 115
7 OK Empangeni Durban 13 661 4.9% 158 11 574 108
8 Palm Springs Springs 11 174 2.8% 112 10 023 96
9 Sportsmans Warehouse Cape Town 3 503 – 48 13 588 115
10 Standard Plaza Pretoria 2 732 1.0% 34 12 442 124
11 Stanger Durban 3 189 – 44 13 860 130
  Retail Warehouses   3 914 – 18 4 624 56
1 Amrel Alberton Johannesburg 3 914 – 18 4 624 *
  Speciality Centres   50 909 2.5% 947 18 596 142
1 East Rand Value Mall Boksburg 13 715 – 223 16 267 135
2 Fourways Crossing (50%) Johannesburg 23 644 3.7% 532 22 488 155
3 Virgin Active Vereeniging 3 250 – 40 12 215 *
4 Waterfall Mall Value Centre Rustenburg 10 300 4.0% 152 14 776 137
  Small Regional Shopping Centres   21 829 1.0% 355 16 258 245
1 Watercrest Mall (50%) Durban 21 829 1.0% 355 16 258 245
  Vacant Land   – – 9 – –
1 River House Vereeniging – – 3 – –
2 Waterfall Cashan Rustenburg – – 6 – –
58 TOTAL RETAIL   1 410 461 3.3% 28 213 19 996 156
  OFFICE PORTFOLIO            
  High-Rise Offices: Investec   83 781 – 2 706 32 304 *
1 100 Grayston Drive Sandton 70 945 – 2 338 32 955 *
2 36 Hans Strijdom Cape Town 12 836 – 368 28 708 *
  High-Rise Offices   206 418 10.4% 3 429 16 617 141
1 11 Adderley Cape Town 21 762 5.5% 269 12 356 121
2 33 Bree Street & 30 Waterkant Cape Town 12 391 – 231 18 682 111
3 44 on Grand Central Midrand 7 418 11.8% 126 17 038 160
4 ENS House Cape Town 18 065 – 344 19 048 134
5 Fairview Office Park Port Elizabeth 16 584 37.0% 110 6 633 86
6 Fredman Towers Sandton 14 912 20.8% 317 21 265 164
7 Infotech Building Pretoria 10 291 3.3% 101 9 853 117
8 Menlyn Corner Pretoria 10 047 52.8% 203 20 244 159
9 Newlands on Main Cape Town 12 824 – 237 18 473 137
10 Paramount Place Cape Town 12 506 – 167 13 369 105
11 Roggebaai Place Cape Town 12 316 – 290 23 571 222
12 Salga House Cape Town 6 527 10.9% 80 12 212 87
13 Sanofi House Midrand 8 040 25.1% 97 12 077 128
14 The District Cape Town 18 431 4.9% 288 15 610 132
15 The Terraces Cape Town 11 651 6.3% 181 15 501 123
16 The Towers (50%) Sandton 12 653 – 388 30 645 255
  Low-Rise Offices   631 221 7.4% 11 528 18 262 138
1 1 Sixty Jan Smuts Avenue Johannesburg 16 544 13.1% 259 15 637 123
2 100 West Street Sandton 3 850 – 81 21 169 150
3 103 Central Street Johannesburg 2 338 – 36 15 527 136
4 12 Alice (50%) Sandton 8 772 – 233 26 541 *
5 132 Jan Smuts Avenue Sandton 9 351 3.4% 89 9 550 57
6 138 West Sandton 10 710 18.1% 217 20 290 178
7 Georgian Crescent Sandton 6 312 4.4% 91 14 465 126
8 16 Fricker Road Sandton 3 808 – 63 16 544 *
9 200 on Main Cape Town 4 615 – 69 14 973 *
10 24 Peter Place Sandton 4 192 – 52 12 523 105
11 25 Rudd Road Sandton 3 223 0.6% 46 14 305 126
12 271 Veale Street Pretoria 4 614 – 76 16 495 *
13 28 Fricker Road Sandton 6 138 – 108 17 595 148
14 295 Florida Road Durban 2 496 0.6% 29 11 497 100
15 3 The Terrace Durban 3 051 – 49 16 060 *
16 34 and 36 Fricker Road Sandton 4 334 0.7% 79 18 228 142
17 36 Wierda Road West Sandton 2 893 6.2% 39 13 517 120
18 4 Fricker Road Sandton 4 726 9.5% 96 20 355 114
19 50 Wierda Road Sandton 2 362 – 34 14 268 129
20 61 Central Johannesburg 3 568 – 60 16 761 *
21 68 Oak Avenue Pretoria 4 454 – 27 6 151 116
22 7 Wessels Road Sandton 2 374 – 33 13 733 *
23 70 Grayston Sandton 4 137 73.1% 61 14 817 104
24 8 Rivonia Road Sandton 5 329 14.0% 112 21 036 142
25 82 Grayston Drive Sandton 7 192 11.5% 131 18 215 151
26 ADT House Cape Town 4 797 – 61 12 821 *
27 Advocates Chambers Sandton 7 143 – 135 18 928 123
28 Albion Springs Cape Town 3 361 – 50 14 891 126
29 Anslow Park (Nestle) Sandton 11 986 – 334 27 832 *
30 Autopage Midrand 8 676 – 129 14 869 *
31 Autumn Road Sandton 9 967 – 143 14 327 122
32 BCX – Faerie Glen Pretoria 5 178 – 76 14 600 *
33 BCX – Port Elizabeth Port Elizabeth 5 327 20.7% 29 5 369 69
34 Boundary Place Sandton 3 654 – 59 16 039 134
35 Bremerton Office Park Port Elizabeth 3 643 – 56 15 262 120
36 Brookfield Office Park Pretoria 7 498 41.0% 116 15 498 144
37 Deloitte & Touche Durban 6 313 – 125 19 800 *
38 Devcon Place Sandton 3 680 13.4% 34 9 317 97
39 Eastgate 20 Sandton 4 556 – 108 23 639 *
40 Engen House Johannesburg 7 501 – 114 15 198 146
41 Erf 65 Bryanston Sandton 6 690 19.1% 107 15 978 158
42 Eton Road Sandton 1 338 – 27 20 179 152
43 Grayston Place Sandton 5 176 – 95 18 393 *
44 Greenacres Office Park Port Elizabeth 12 055 10.7% 105 8 685 93
45 Grosvenor Corner Johannesburg 13 885 32.2% 216 15 542 131
46 Homestead Place Sandton 5 496 – 63 11 481 99
47 Honeywell Midrand 3 817 – 50 13 022 *
48 HP Senderwood Bedfordview 4 371 – 51 11 736 *
49 Hunts End Sandton 10 162 43.2% 145 14 309 119
50 IBM Sandton 14 077 – 222 15 770 *
51 Inanda Greens Sandton 40 760 9.8% 890 21 845 166
52 Inyanda 1, 3 and 4 Johannesburg 23 211 – 472 20 357 *
53 Inyanda 2 Johannesburg 10 386 – 188 18 063 *
54 Lincoln on the Lake Durban 6 610 8.4% 116 17 626 159
55 Longkloof Studios Cape Town 11 653 11.8% 179 15 327 126
56 Lumley House Johannesburg 2 742 23.1% 45 16 413 128
57 Mayfair on the Lake Durban 6 171 1.9% 96 15 574 143
58 Merck Johannesburg 4 163 – 62 14 965 *
59 Microsoft Sandton 9 450 – 209 22 106 *
60 MLT House Cape Town 1 239 – 13 10 169 *
61 Morningside 1331 Sandton 3 492 – 57 16 208 *
62 MTN Mount Edgecombe Durban 7 013 – 95 13 503 *
63 N1 Medical Chambers Cape Town 4 450 – 80 17 979 *
64 Nautica Cape Town 5 525 – 96 17 303 141
65 Oxford Corner Sandton 8 803 – 258 29 273 207
66 Pharos House Durban 5 498 10.0% 108 19 644 148
67 Boulevard Piazzas Sandton 497 – 6 13 078 124
68 PricewaterhouseCoopers Paarl 1 720 – 26 15 291 *
69 Ricoh Building Bedfordview 4 438 – 71 15 976 *
70 SA Weather Pretoria 4 270 – 89 20 890 *
71 Sandown Erf 169 Sandton 2 062 – 36 17 507 *
72 Sandown Erven 159-162 Sandton 2 514 – 49 19 411 *
73 Sandown Mews Sandton 18 827 29.9% 317 16 816 156
74 Sovereign Quay Cape Town 8 520 9.7% 123 14 402 134
75 St Davids Park Johannesburg 12 066 19.3% 126 10 426 109
76 Strathavon 11 Sandton 9 129 5.1% 160 17 527 159
77 Summit Place Cape Town 1 869 – 22 11 610 *
78 The Annex (50%) Sandton 9 979 – 339 33 972 191
79 The Place Sandton 34 077 10.4% 1 001 29 368 202
80 Thebe House Johannesburg 3 622 – 47 13 002 127
81 Tiger Brands Sandton 6 773 – 149 21 999 *
82 Tsebo House Johannesburg 2 035 – 36 17 494 *
83 Turbine Hall and Square Johannesburg 22 796 – 487 21 363 *
84 Tygerberg Park Cape Town 28 726 – 580 45 958 229
85 Wierda Court Sandton 2 232 8.6% 39 17 559 *
86 Wierda Gables Sandton 2 173 16.2% 31 14 080 *
87 Woodstock*** Cape Town * – 10 – –
  Low-Rise Offices****   2 376 51.1% 62 26 010 *
1 Tata 1 and 2 (50%) Sandton 2 376 51.1% 62 26 010 *
  Office Parks   740 285 9.2% 11 938 16 122 135
1 1 Montgomery Durban 10 376 10.5% 110 10 650 130
2 10 Riviera Road Johannesburg 1 258 – 20 16 058 *
3 19 Impala Road Sandton 2 781 – 45 16 184 140
4 22 Impala Road Sandton 1 092 – 19 17 309 *
5 23 Impala Road Sandton 1 825 11.4% 29 16 051 *
6 257 Oxford Rd Sandton 3 142 – 44 14 037 124
7 29 Impala Road Sandton 1 376 – 24 17 082 142
8 31 West Street Johannesburg 1 239 21.3% 17 13 879 144
9 29 West Street Johannesburg 1 431 – 20 14 113 133
10 9 Frosterley Crescent Durban 1 154 – 17 14 649 139
11 ABSA Frosterley Durban 3 167 – 51 16 230 *
12 Centennial Place Cape Town 12 014 27.1% 175 14 549 122
13 BCX – Durban 1 Durban 2 509 – 34 13 672 125
14 BCX – Durban 2 Durban 4 906 – 75 15 206 *
15 BCX – Durban 3 Durban 939 – 14 14 483 *
16 BCX – Midrand ABC Midrand 5 746 – 54 9 311 *
17 BCX – Midrand DQE Midrand 13 800 – 120 8 659 *
18 Belmont Office Park Cape Town 14 448 1.1% 235 16 293 130
19 Belvedere Office Park Cape Town 5 979 0.8% 79 13 163 107
20 Bogare Pretoria 6 301 – 120 19 045 133
21 British Consulate General Johannesburg 1 048 – 23 22 137 *
22 Central Park Midrand 34 214 2.8% 390 11 387 109
23 Chiselhurston Sandton 2 169 – 39 17 750 149
24 Constantia Office Park Johannesburg 72 420 12.3% 1 023 14 129 126
25 Country Club Estate Johannesburg 27 334 4.0% 474 17 345 149
26 Ditsela Place Pretoria 3 121 – 47 15 187 135
27 Dunkeld Office Park Johannesburg 2 242 – 35 15 519 *
28 Edgecombe Office Park Durban 4 517 5.2% 63 13 859 141
29 EOH Business Park Bedfordview 20 150 – 306 15 196 120
30 Equity House Johannesburg 1 643 – 27 16 309 155
31 Eton Office Park Sandton 8 749 12.3% 113 12 950 120
32 Freestone Park Sandton 5 468 32.5% 90 16 477 166
33 Golf Park Cape Town 23 157 11.5% 351 15 162 122
34 Grayston Office Park Sandton 13 632 – 218 16 021 116
35 Harrowdene Office Park Johannesburg 42 082 5.0% 791 18 787 125
36 Hatfield Gardens Pretoria 25 849 23.6% 380 14 709 129
37 Healthcare Park Sandton 13 694 – 229 16 693 128
38 Homestead Park Sandton 10 558 73.1% 93 8 770 39
39 Illovo Corner Sandton 10 194 – 199 19 501 *
40 Kirstenhof Office Park Johannesburg 3 837 – 43 11 206 129
41 Lakeside 3 Pretoria 6 428 – 129 19 991 *
42 Morningside Close Sandton 4 418 0.9% 52 11 724 109
43 Ogilvy Building Sandton 9 155 – 141 15 347 *
44 Pavilion Office Park Sandton 3 676 7.5% 30 8 079 89
45 Peter Place Office Park Sandton 8 461 9.7% 122 14 454 121
46 Pinewood Office Park Sandton 7 082 5.6% 86 12 199 105
47 Pinmill Farm (50%) Sandton 11 387 7.4% 172 15 114 128
48 Riverpark Cape Town 13 322 7.6% 240 18 038 121
49 Riverwoods Bedfordview 10 649 – 167 15 692 126
50 Riviera Road Office Park Johannesburg 4 770 – 77 16 226 136
51 Rosebank Office Park Johannesburg 4 192 – 61 14 433 120
52 Sandton Close 2 Sandton 12 485 10.8% 154 12 318 111
53 Standard Bank Umhlanga Durban 3 215 – 38 11 665 119
54 Sunny Ridge Office Park Johannesburg 29 792 9.3% 385 12 913 114
55 The Crescent Sandton 3 763 95.3% 27 7 121 –
56 The Estuaries Cape Town 11 781 – 213 18 072 133
57 The Oval Sandton 10 876 6.5% 128 11 796 102
58 The Oval (Newlands) Cape Town 8 554 0.7% 231 27 050 177
59 The Village Pretoria 6 447 8.7% 86 13 340 498
60 The Woodlands Office Park Johannesburg 114 396 12.9% 2 609 22 803 171
61 Waterfall Park Midrand 8 221 – 130 15 789 *
62 Willowbridge Cape Town 6 626 – 140 21 174 *
63 Woodmead Estate Johannesburg 19 026 16.7% 284 14 906 140
  Office/Warehouse   70 201 4.3% 598 8 513 80
1 Growthpoint Business Park Midrand 70 201 4.3% 598 8 513 80
  Mixed use: Office and Retail   42 124 5.7% 736 17 480 146
1 De Waterkant Centre Cape Town 5 574 3.7% 91 16 307 138
2 Menlyn Piazza Pretoria 7 104 29.0% 94 13 275 141
3 MontClare Place Cape Town 29 446 0.5% 551 18 716 149
  Hospital   14 022 – 430 30 630 *
1 N1 City Hospital Cape Town 14 022 – 430 30 630 *
  Vacant Land/Land under development   – – 1 536 – –
1 144 Oxford Road Sandton – – 63 – –
2 151 On 5th Sandton – – 182 – –
3 Anslow Phase 2 Sandton – – 46 – –
4 Bridgeway Park Cape Town – – 154 – –
5 Discovery – Phase 1 Sandton – – 846 – –
6 Lakeside 1 Pretoria – – 14 – –
7 Lakeside 2 Pretoria – – 16 – –
8 Quarry Hill Cape Town – – 56 – –
9 Ridgeview Durban – – 104 – –
10 The Boulevard Durban – – 55 – –
184 TOTAL OFFICE   1 790 428 8.0% 32 963 17 562 142
  INDUSTRIAL PORTFOLIO            
  Warehousing   959 617 4.9% 3 738 3 895 36
1 10 Richard Carte Road Durban 20 142 – 116 5 754 59
2 116 Teakwood Road Durban 4 948 – 25 5 113 52
3 131 Bofors Cape Town 7 071 – 26 3 677 *
4 20 Rustic Close Durban 16 301 – 98 6 012 58
5 23 Herman Road Germiston 3 579 – 19 5 252 *
6 4 Halifax Road Durban 3 410 – 20 5 806 56
7 57 Mobile Road Cape Town 2 940 100.0% 17 5 782 –
8 Aeroton 7 of 17 Johannesburg 3 247 – 12 3 665 *
9 African Gabions Durban 5 314 – 25 4 780 *
10 Afship Johannesburg 1 916 – 7 3 756 *
11 Alrode 706 Alberton 7 045 – 25 3 563 *
12 Alrode Erf 34 Alberton 7 491 – 18 2 349 27
13 Alternator Cape Town 8 752 – 43 4 902 *
14 Astron Johannesburg 12 313 – 56 4 540 *
15 Belgrade Johannesburg 6 988 – 39 5 552 *
16 Bunkers Hill Durban 10 303 – 51 4 960 *
17 Cempark Boksburg 35 932 – 104 2 894 *
18 Chain Avenue Cape Town 12 698 – 55 4 300 40
19 Chemserve Johannesburg 9 445 – 49 5 219 *
20 Coldcem Boksburg 5 785 – 46 8 003 *
21 Commerce Corner Sandton 3 605 – 30 8 294 72
22 Covora Boksburg 6 055 – 30 4 905 *
23 DCD Dorbyl – Boksburg Boksburg 39 601 – 72 1 821 *
24 DCD Dorbyl – Duncanville Vereeniging 32 652 – 31 965 *
25 Dominic Corner Boksburg 7 580 – 31 4 142 *
26 Elvan Germiston 16 024 – 68 4 237 *
27 Engine Avenue Cape Town 1 730 – 7 4 277 *
28 Epping 1 Cape Town 1 835 – 6 3 489 39
29 Epping 2 Cape Town 7 104 – 26 3 660 37
30 Epping 3 Cape Town 2 962 – 9 3 173 *
31 Epping 4 Cape Town 2 345 – 7 3 113 *
32 Epping 5 Cape Town 2 594 – 9 3 431 *
33 Epping 6 Cape Town 1 317 – 5 3 568 *
34 Equitable Johannesburg 2 273 – 8 3 300 *
35 Eskom Road Durban 6 651 – 30 4 496 49
36 Fitzmaurice Cape Town 25 970 – 68 2 626 27
37 Flemming Germiston 1 390 – 7 4 964 *
38 Foreshore Durban 9 247 – 22 2 401 *
39 Fourwinds Cape Town 4 618 – 26 5 544 *
40 Garfield Alberton 7 806 – 23 2 998 *
41 Gemini Sandton 1 300 – 10 7 306 *
42 Gewel Johannesburg 2 199 – 10 4 548 *
43 Gillitts Road Industrial Park Durban 16 888 – 65 3 843 *
44 Global Johannesburg 8 332 – 51 6 145 *
45 Goodenough Cape Town 8 526 – 34 3 988 *
46 Goodrich Durban 5 857 – 32 5 515 *
47 Greenbushes Port Elizabeth Port Elizabeth 13 539 100.0% 67 4 941 –
48 Grenville Cape Town 16 220 – 100 6 196 46
49 Greystones Factory Durban 1 985 – 27 13 401 *
50 Greystones Heliport Durban 2 427 – 17 6 881 69
51 Hawland Johannesburg 5 223 – 25 4 786 *
52 Hewett Cape Town 7 031 – 22 3 172 *
53 Hulley Johannesburg 3 264 – 14 4 412 *
54 Independence Square Cape Town 7 923 – 34 4 253 44
55 Isowrench Johannesburg 4 078 – 30 7 283 *
56 JD Group Warehouse Germiston 30 614 – 63 2 058 *
57 Kulingile Building Johannesburg 49 000 – 153 3 120 *
58 Laser Clayville Johannesburg 9 645 – 36 3 701 *
59 Laser Commercial Erf 2 and 3 Johannesburg 2 531 – 10 3 872 *
60 Laser Commercial Erf 64 Johannesburg 5 520 – 23 4 203 *
61 Laser Commercial Erf 65 Johannesburg 5 310 – 22 4 087 *
62 Laser Isipingo Durban 6 881 – 36 5 232 *
63 Laser New Brighton Port Elizabeth 4 041 – 14 3 390 *
64 Laser Silvertondale Pretoria 2 085 – 8 3 741 *
65 Low Cost Marketing Germiston 3 054 – 16 5 369 *
66 Mandy Road Johannesburg 12 053 – 33 2 738 28
67 Meadowbrook Germiston 13 709 4.0% 36 2 641 29
68 Meadowbrook Estate Germiston 9 684 – 142 14 715 84
69 Metkor Durban 20 767 – 101 4 888 49
70 Metprop Cape Cape Town 12 541 – 19 1 507 31
71 Midrand Central Business Park Johannesburg 5 892 – 37 6 263 58
72 Montani Johannesburg 12 722 – 32 2 484 *
73 Moorsom Cape Town 16 808 – 50 2 975 *
74 Neon Springs 10 927 – 20 1 849 *
75 Newmarket Industrial Estate Alberton 34 076 – 128 3 748 36
76 Novex Sandton 3 496 – 16 4 519 *
77 Nuffield Springs 10 514 – 20 1 902 *
78 Osram Johannesburg 6 332 – 24 3 759 *
79 Penraz Johannesburg 20 708 – 69 3 318 *
80 Pick n Pay – Pinetown Durban 10 559 – 62 5 872 *
81 Portion 35 Alrode Alberton 10 333 – 26 2 516 *
82 Premier Equipment Boksburg 13 634 – 70 5 120 *
83 Prolecon Johannesburg 19 779 22.5% 64 3 251 28
84 Propower Cape Town 6 417 – 29 4 488 47
85 Protrans Boksburg 5 439 – 30 5 571 *
86 PS Props Boksburg 6 600 – 26 3 894 *
87 Range Industrial Park Cape Town 15 273 30.2% 74 4 858 *
88 Redwood Alberton 16 645 100.0% 53 3 166 –
89 Regina Durban 9 310 – 44 4 769 *
90 Sebenza 137 Johannesburg 3 698 – 11 3 029 *
91 Serenade Johannesburg 3 390 – 15 4 307 *
92 Trafford Park Pinetown 11 873 – 57 4 826 *
93 Vereeniging Street 36 Alberton 4 962 80.2% 8 1 653 *
94 Vinimark Building – Linbro Johannesburg 2 745 – 17 6 047 *
95 Watt Germiston 2 841 – 14 5 033 *
96 Westmead Factory Durban 4 434 – 21 4 691 50
97 Whitworth Johannesburg 3 341 – 15 4 460 *
98 Wingfield Boksburg 7 206 – 31 4 288 *
99 Zandfontein Pretoria 18 457 – 59 3 175 *
  Industrial Parks   381 967 4.5% 1 631 4 272 42
1 Celtis Business Park Johannesburg 9 300 22.6% 33 3 581 *
2 Central Park – Cape Town Cape Town 49 135 – 163 3 315 38
3 Gold Reef Park Johannesburg 20 156 8.0% 79 3 919 44
4 Growthpoint Industrial Estate Germiston 61 244 3.9% 388 6 340 59
5 Hilltop Industrial Park Johannesburg 74 089 4.9% 325 4 392 31
6 Maitland Industrial Park Cape Town 27 961 – 123 4 388 46
7 Omni Park Johannesburg 41 331 14.6% 178 4 299 44
8 Pine Industrial Park Durban 39 150 1.6% 135 3 453 42
9 Route 24 Germiston 23 140 – 93 4 023 42
10 Runway Park Durban 36 461 2.0% 114 3 127 31
  Retail Warehousing   90 231 9.0% 460 5 108 58
1 Builders Market Middelburg 12 973 – 44 3 361 37
2 Commercial City Johannesburg 14 138 2.1% 98 6 910 67
3 Fountains Motown Pretoria 11 951 18.4% 56 4 660 74
4 Gateway Alberton 5 953 13.4% 42 7 123 75
5 Greenhills Centre Johannesburg 1 860 – 12 6 667 97
6 Isipingo 2257 Durban 9 774 – 55 5 658 *
7 M1 Place Sandton 12 989 – 41 3 172 46
8 Meadowdale Germiston 15 793 – 100 6 358 63
9 Metro Cash & Carry Krugersdorp 4 800 100.0% 12 2 542 *
  Motor-Related Outlets   55 543 34.2% 371 6 694 85
1 Acacia Pretoria 2 573 – 22 8 667 *
2 Bardene Boksburg 1 260 – 14 11 429 *
3 Cornick Johannesburg 3 948 – 19 4 762 *
4 Ellenby Motors Pretoria 5 542 – 70 12 684 *
5 Kentyre Johannesburg 2 306 – 15 6 461 *
6 Midas Meadowdale Germiston 18 981 100.0% 70 3 693 –
7 N1 Tyre Cape Town 1 345 – 15 11 450 *
8 Pasteur Johannesburg 3 074 – 28 9 206 *
9 Rushair Johannesburg 12 647 – 91 7 211 *
10 Snowy Owl Pretoria 1 504 – 8 5 053 *
11 Stormain Johannesburg 2 363 – 19 7 831 *
  Mini Units   142 682 4.9% 692 4 848 54
1 Alumina Pretoria 1 375 – 6 4 144 48
2 Chelsea Road Industrial Park Durban 11 589 – 51 4 383 44
3 Clayville Mini Units Johannesburg 8 200 – 33 3 988 47
4 Devro Park Durban 3 929 – 15 3 741 47
5 Eastgate Business Park Sandton 13 523 – 89 6 611 69
6 Ferndale Commercial Park Johannesburg 4 253 – 17 4 044 48
7 Ferntowers Johannesburg 5 004 – 23 4 636 55
8 Fusie 142 Pretoria 1 756 19.9% 8 4 499 46
9 Gallagher Place Johannesburg 8 605 – 32 3 707 45
10 Glen Murray Industrial Park Durban 8 344 9.2% 50 5 945 62
11 Greystones Industrial Durban 3 295 – 14 4 249 53
12 Isando Industrial Johannesburg 4 932 15.5% 14 2 839 42
13 Isando Industrial Park Johannesburg 11 936 21.5% 46 3 871 *
14 Knightsgate Germiston 16 675 4.9% 87 5 235 49
15 Kya North Park Johannesburg 13 044 1.8% 46 3 519 44
16 Palm River Durban 8 156 4.9% 38 4 610 56
17 Scientia Pretoria 11 946 9.5% 80 6 714 74
18 Thynk Industrial Park Durban 6 120 – 43 7 092 78
  Midi Units   80 738 3.1% 388 4 812 48
1 Anchor Industrial Park Boksburg 15 119 – 69 4 577 51
2 City Deep Industrial Park Johannesburg 10 932 – 56 5 114 52
3 Eagle Industrial Park (50%) Richards Bay 7 699 5.9% 38 4 975 *
4 Galaxy Johannesburg 11 505 – 83 7 214 67
5 Northreef Johannesburg 2 178 – 10 4 683 34
6 Rojolea Johannesburg 4 882 – 12 2 458 26
7 Route 41 Johannesburg 12 556 16.2% 38 3 042 37
8 Westgate (50%) Durban 15 867 – 82 5 149 *
  Maxi Units   14 466 – 66 4 535 47
1 Lanner Place Durban 14 466 – 66 4 535 47
  Low-Grade Industrial   141 239 2.4% 472 3 338 37
1 Airport View Johannesburg 1 054 – 5 4 364 45
2 Allen Road Johannesburg 6 088 28.2% 38 6 274 82
3 Belgor Johannesburg 1 133 – 6 5 030 49
4 Bofors 2 Cape Town 12 938 – 43 3 293 37
5 Chamroy Krugersdorp 10 790 – 18 1 659 *
6 Dacres Cape Town 4 768 – 18 3 733 *
7 Dekema Germiston 3 050 – 9 2 885 *
8 Gunners Cape Town 32 819 0.6% 74 2 246 28
9 Isando 103 Johannesburg 3 735 – 13 3 427 *
10 Isando 104 Johannesburg 2 345 – 8 3 539 *
11 Isando 107 Johannesburg 1 929 – 8 4 095 *
12 Janhope Vereeniging 9 181 – 30 3 246 38
13 Kinghall 1 Cape Town 4 950 – 17 3 475 *
14 Kinghall 2 Cape Town 2 482 – 12 4 996 41
15 Linus Cape Town 6 478 – 20 3 149 35
16 Loper Corner Johannesburg 1 533 – 8 5 284 54
17 Loper View Johannesburg 2 116 – 11 5 246 46
18 Maitland Cape Town 9 729 – 36 3 741 37
19 New Germany Durban 10 360 14.8% 31 3 002 36
20 Portland Germiston 582 – 2 3 265 39
21 Romatile Boksburg 4 471 – 22 4 854 49
22 Spartan View Johannesburg 1 290 – 8 5 891 61
23 Sparticor Johannesburg 1 672 – 9 5 380 52
24 Westmead Industrial Park Durban 5 746 – 26 4 612 47
  High-Tech Industrial   134 312 5.2% 1 104 8 224 43
1 Adcock Ingram – Midrand Johannesburg 21 536 – 205 9 510 *
2 Altergen Germiston 5 756 – 18 3 197 *
3 Cummings Sandton 7 502 – 49 6 571 *
4 Eagle Freight Germiston 6 870 – 39 5 604 *
5 Fifers Johannesburg 5 995 – 32 5 254 *
6 Highland Germiston 3 956 – 29 7 406 *
7 Impala Road Sandton 5 858 – 33 5 667 54
8 Linbro Johannesburg 4 004 – 28 7 067 *
9 Montague Business Park (25%) Cape Town 19 470 14.7% 322 16 551 60
10 N1 Business Park (20%) Midrand 18 937 18.6% 183 9 685 63
11 National Data Systems Johannesburg 13 392 – 47 3 465 *
12 Protec Park Johannesburg 5 496 – 29 5 349 *
13 Stormill 51 Johannesburg 1 755 – 9 5 185 *
14 Tripark Johannesburg 13 785 4.0% 81 5 854 49
  High-Grade Industrial   209 539 3.7% 1 289 6 151 61
1 2 Baker Street Cape Town 8 268 – 40 4 802 47
2 Aeroport Johannesburg 12 867 – 58 4 539 47
3 African Products Germiston 4 539 – 52 11 457 *
4 Albert Amon 212 Germiston 1 490 – 8 5 235 *
5 Corobrik Germiston 2 470 22.9% 27 11 092 101
6 Ebony Germiston 11 365 – 72 6 353 53
7 Electron Johannesburg 6 008 – 22 3 628 40
8 Flamon Johannesburg 1 992 – 11 5 371 44
9 Gazelle Johannesburg 6 016 100.0% 32 5 336 –
10 Gillets Durban 13 465 – 61 4 508 42
11 Highway Germiston 3 332 – 21 6 333 *
12 Hillclimb Road Durban 4 214 – 20 4 841 *
13 Inanda Road Springfield Durban 5 770 – 31 5 390 54
14 Mount Joy Johannesburg 10 067 – 63 6 228 *
15 Nestle Cape Town 16 255 – 121 7 468 *
16 Oude Moulen Cape Town 10 205 – 54 5 272 50
17 Pretzel Cape Cape Town 2 200 – 14 6 182 *
18 Racetrack Johannesburg 5 923 – 43 7 260 *
19 Rectron – Umhlanga Durban 2 293 – 17 7 327 *
20 Rivonia Crossing 1 Sandton 14 848 – 108 7 267 *
21 Rivonia Crossing 2 Sandton 19 778 – 186 9 389 *
22 The Grove Business Estate Cape Town 17 648 5.7% 66 3 723 43
23 Trade Centre Mount Edgecombe Durban 14 306 – 89 6 256 58
24 Triangle Germiston 3 681 – 22 5 949 *
25 Western Province Park Cape Town 10 539 – 51 4 887 49
  Vacant Land/Land under development   14 741 – 225 – –
1 Maskew Johannesburg – – 6 – –
2 Midrand Central Business Park 518 Johannesburg – – 18 – –
3 Midrand Central Business Park 519 Johannesburg – – 12 – –
4 Midrand Central Business Park 520 Johannesburg – – 11 – –
5 Mill Road Park Cape Town – – 38 – –
6 Monte Carlo Durban – – 24 – –
7 Monteer Johannesburg 14 741 – 25 – –
8 Sailor Malan Erf 115/156 Johannesburg – – 8 – –
9 Wadeville (70%) Germiston – – 26 – –
10 Greenfield Industrial Park Cape Town – – 57 – –
229 TOTAL INDUSTRIAL   2 225 075 5.3% 10 436 4 589 43

ANALYSIS OF GROWTHPOINT RSA TENANT BASE
30 June 2015
  % of GLA GLA Number of
tenants
RETAIL
A. Large national tenants 57% 783 001 11
B. Other national tenants 26% 356 051 109
C. Other tenants 17% 225 041 1 873
  Total 100% 1 364 093 1 993
OFFICE
A. Large national tenants 31% 517 848 24
B. Other national tenants 46% 759 404 273
C. Other tenants 23% 370 360 1 180
  Total 100% 1 647 612 1 477
INDUSTRIAL
A. Large national tenants 39% 822 383 37
B. Other national tenants 49% 1 037 959 312
C. Other tenants 12% 246 224 529
  Total 100% 2 106 566 878

Category A consists of tenant groups occupying more than 10 000m² of space
Category B consists of tenant groups occupying between 1 000m² and 10 000m² of space
Category C consists of tenant groups occupying less than 1 000m² of space

RENTAL ESCALATION
Average contractual rental escalations in South Africa at 30 June 2015 were:
Retail 7.4% (2014: 7.7%) Office 7.7% (2014: 8.3%) Industrial 8.4% (2014: 8.3%)
Lease expiry by sector (% of GLA) RSA (excluding V&A Waterfront)

ANALYSIS OF V&A WATERFRONT TENANT BASE (100%)
30 June 2015
  Retail Office Fishing and Industrial Hotel and residential
Tenant base (excluding vacancies) GLA Number of
tenants		 GLA Number of
tenants		 GLA Number of
tenants		 GLA Number of
tenants
A. Large national tenants — — 22 046 3 43 332 6 24 413 4
B. Other national tenants 24 608 68 12 298 11 13 793 8 16 689 10
C. Other tenants 20 630 520 13 592 119 336 6 5 682 5
  Total 45 238 588 47 936 133 57 461 20 46 784 19

Category A consists of tenant groups occupying more than 10 000m² of space
Category B consists of tenant groups occupying between 1 000m² and 10 000m² of space
Category C consists of tenant groups occupying less than 1 000m² of space

RENTAL ESCALATION

Average contractual rental escalations at the V&A Waterfront at 30 June 2015 were:
Office 7.1% (2014: 7.1%) Retail 9.1% (2014: 8.0%) Hotel and residential 8.4% (2014: 8.7%) Fishing and Industrial 8.6% (2014: 7.9%)
Lease expiry by sector (% of GLA) V&A Waterfront

 

  AUSTRALIA            
  Property name Location GLA
m²		 Vacancy
%		 Value
Rm		 Value/m2
(excluding
additional
bulk)
Rand		 Gross
rental
(month/m²)
Rand
AUD
  INDUSTRIAL   858 658 – 10 959 12 755 113
1 10 Butler Boulevard Adelaide Airport, SA 8 461 – 80 9 455 161
2 10 Gassman Street Yatala, QLD 3 188 – 47 14 743 181
3 120 Link Road Tullamarine, VIC 26 517 – 163 6 147 88
4 120 Northcorp Boulevard Broadmeadows, VIC 58 320 – 721 12 363 94
5 120-132 Atlantic Drive Keysborough, VIC 12 864 – 197 15 314 115
6 12-16 Butler Boulevard Adelaide Airport, SA 16 800 – 133 7 917 107
7 13 Business Street Yatala, QLD 8 951 – 141 15 752 180
8 130 Sharps Road Tullamarine, VIC 28 100 – 233 8 292 106
9 1500 Ferntree Gully Road & 8 Henderson Road Knoxfield, VIC 22 009 – 343 15 585 13
10 19 Southern Court Keysborough, VIC 6 455 – 74 11 464 103
11 20 Colquhoun Road Perth Airport, WA 80 374 – 1 259 15 664 134
12 20 Southern Court Keysborough, VIC 11 430 – 126 11 024 97
13 213-215 Robinsons Road Ravenhall, VIC 21 092 – 248 11 758 109
14 27-49 Lenore Lane Erskine Park, NSW 29 476 – 547 18 557 141
15 28 Bilston Drive Wodonga, VIC 57 440 – 756 13 162 107
16 29 Business Street Yatala, QLD 8 680 – 112 12 903 131
17 3 Millennium Court Knoxfield, VIC 8 040 – 87 10 821 13
18 3 Viola Place Brisbane Airport, QLD 3 431 – 23 6 704 194
19 31 Garden Street Kilsyth, VIC 8 919 – 86 9 642 106
20 365 Fitzgerald Road Derrimut, VIC 16 114 – 163 10 115 92
21 40 Annandale Road Tullamarine, VIC 44 424 – 349 7 856 110
22 45-55 South Centre Road Tullamarine, VIC 14 082 – 78 5 539 83
23 5 Viola Place Brisbane Airport, QLD 14 726 – 80 5 433 161
24 51-65 Lenore Lane Erskine Park, NSW 3 720 – 263 70 699 579
25 522-550 Wellington Road Mulgrave, VIC 68 144 – 570 8 365 64
26 599 Main North Road Gepps Cross, SA 67 238 – 644 9 578 87
27 6 Kingston Park Court Knoxfield, VIC 7 645 – 104 13 604 14
28 60 Annandale Road Tullamarine, VIC 16 276 – 118 7 250 110
29 6-7 John Morphett Place Erskine Park, NSW 24 881 – 399 16 036 138
30 670 Macarthur Road Pinkenba, QLD 5 578 – 83 14 880 163
31 70 Distribution Street Larapinta, QLD 75 425 – 1 818 24 103 180
32 75 Annandale Road Tullamarine, VIC 10 280 – 65 6 323 87
33 81 Derby Street Silverwater, NSW 7 984 – 137 17 159 183
34 9-11 Drake Boulevard Keysborough, VIC 25 743 – 278 10 799 94
35 99-103 William Angliss Drive Laverton North, VIC 8 871 – 226 25 476 212
36 Lot 2, 3, 4, 44-54 Raglan St Preston, VIC 26 980 – 201 7 450 75
  Office   191 953 5.5% 11 065 57 670 602
1 1 Charles Street Parramatta, NSW 31 954 – 2 457 76 892 581
2 10-12 Mort Street Canberra, ACT 15 398 – 799 51 890 485
3 1231-1241 Sandgate Road Nundah, QLD 12 980 – 876 67 488 629
4 211 Wellington Road Mulgrave, VIC 12 718 – 320 25 161 –
5 Building C, 219-247 Pacific Highway Artarmon, NSW 14 496 – 973 67 122 554
6 CB1, 22 Cordelia Street South Brisbane, QLD 11 529 – 780 67 655 475
7 32 Cordelia Street South Brisbane, QLD 10 125 – 613 60 543 593
8 32 Cordelia Street (Carpark) South Brisbane, QLD – – 138 – –
9 333 Ann Street Brisbane, QLD 16 490 1 855 51 850 1 688
10 33-39 Richmond Road Keswick, SA 11 835 – 573 48 416 493
11 42 Merivale Street South Brisbane, QLD 6 598 – 454 68 809 515
12 52 Merivale Street South Brisbane, QLD 9 405 – 550 58 480 738
13 7 Laffer Drive Bedford Park, SA 6 639 – 157 23 648 389
14 89 Cambridge Park Drive Cambridge, TAS 6 876 – 261 37 958 441
15 Car Park Botannica Corporate Park Richmond, VIC – – 11 – –
16 572-576 Swan Street (Building 1 and 3) Richmond, VIC 10 250 – 515 50 244 490
17 572-576 Swan Street (Building 2) Richmond, VIC 14 660 – 738 50 341 484
53 TOTAL AUSTRALIA   1 050 611 1.0% 22 024 20 963 188

ANALYSIS OF GROWTHPOINT AUSTRALIA TENANT BASE
30 June 2015
    Office Industrial
    GLA Number of
tenants		 GLA Number of
tenants
A. Large national tenants 39.8% 3 87.8% 16
B. Other national tenants 54.2% 25 12.2% 17
C. Other tenants 6.0% 34 0.0% –
  Total 0% 62 0% 33

Category A consists of tenant groups occupying more than 10 000m² of space
Category B consists of tenant groups occupying between 1 000m² and 10 000m² of space
Category C consists of tenant groups occupying less than 1 000m² of space

RENTAL ESCALATION
Average contractual rental escalations at 30 June 2015 were:
Office 3.5% (2014: 3.5%) Industrial 2.8% (2014: 2.8%)

 
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