Property portfolio – sub-Saharan Africa (excluding SA)

Property portfolio – sub-Saharan Africa (excluding SA)

IKEJA CITY MALL

  2017
Average rental
USD/m2		   2016
Average rental
USD/m2		  
Weighted average rental per m2 54,3   56,3

Retail portfolio by category % of total
rentable area		  
Department stores 4,7  
Apparel 20,9  
Food 23,6  
Home furnishings 2,8  
Sporting/outdoor 4,1  
Food services 17,4  
Other 26,5  
Total 100  

  30 June 2017   30 June 2016  
Vacancy profile Total area available for leasing m2   Rentable
area
%		   Total area available for leasing m2   Rentable
area
%		  
Vacancy profile 0   0,0   511   2,3  

Tenant profile % of
rentable area		   % of
income		  
A grade 31,6   11,8  
B grade 58,4   74,1  
C grade (41 stores) 10,0   14,1  

Lease expiry profile

By income                    
Year 2018   2019   2020   2021   2022  
% 30   13   32   5   20  
By rental area                    
Year 2018   2019   2020   2021   2022  
% 22   9   24   4   41  

TOP 10 TENANTS BY RENTABLE AREA

  

TOP 10 TENANTS BY INCOME
  Rank Tenant % of total
rentable area		  
  1 Shoprite 24,1  
  2 Silverbird Cinemas 7,8  
  3 Max 4,3  
  4 Mr Price 3,3  
  5 Rhapsody 2,7  
  6 Redtag 2,5  
  7 Cash and Carry 2,4  
  8 Playzone 2,4  
  9 Seven Eagles Spur 2,1  
  10 PEP 1,6  
 
  Rank Tenant % of total
income		  
  1 Shoprite 9,6  
  2 Mr Price 6,1  
  3 Max 3,3  
  4 Silverbird Cinemas 3,0  
  5 Rhapsody 2,4  
  6 Redtag 2,1  
  7 Cash and Carry 1,9  
  8 Playzone 1,8  
  9 Tommy Hilfiger 1,7  
  10 Bheerhugz 1,6  

Ikeja City Mall  

Ikeja City Mall

Dominant mall in Lagos, Nigeria. The tenant mix includes South African brands such as Mr Price, Spur, MTN and international brands Nike, Lacoste, Tommy Hilfiger, TM Lewin, Mango, iStore, KFC and Max.

City/country     Lagos, Nigeria
Anchor tenants     Shoprite, Silverbird Cinemas, Mr Price, Cash & Carry
Rentable area     22 223m2
Footcount     7 807 008
Ownership     75,0%
General manager     Sonja de Necker
Vacancy     0%
Parking bay     732
     
Manda Hill  

Manda Hill

This mall in Lusaka offers shoppers the ideal destination to fulfil their retail needs across local and international tenants.

City/country     Lusaka, Zambia
Anchor tenants     Shoprite, Game, Woolworths
Rentable area     40 561m2
Footcount     10 825 176
Ownership     68,8%
General manager     Frazer Mulenga
Vacancy     5,4%
     
West Hills Mall  

West Hills Mall

The largest formal shopping centre in West Africa. Perfectly located on a major thoroughfare in New Weija (Accra), it has brought formal retail to the local community since opening in late 2015.

City/country     Accra, Ghana
Anchor tenants     Shoprite, Palace
Rentable area     27 560m2
Footcount     5 380 716
Ownership     16,8%
General manager     Jonathan Lotter
Vacancy     5,3%
     
Achimota Retail Centre  

Achimota Retail Centre

Located in the town of Dome on the Accra-Nsawam highway, this centre’s contemporary design includes environmental features such as grey-water harvesting, area-specific landscaping and a building management system.

City/country     Accra, Ghana
Anchor tenants     Shoprite, Palace, Jet, Mr Price
Rentable area     15 006m2
Footcount     4 998 060
Ownership     28,1%
General manager     Olivia Torpey
Vacancy     6,1%
     
Achimota Retail Centre  

Accra Mall

Well located on Spintex Road, Accra Mall is an enclosed, air-conditioned shopping centre with international fashion brands and some South African retailers.

City/country     Accra, Ghana
Anchor tenants     Shoprite, Game
Rentable area     21 349m2
Footcount     7 264 660
Ownership     17,6%
General manager     Olympio Agbodza
Vacancy     0%
     
Kumasi City Mall  

Kumasi City Mall

Located on the corner of Lake and Hudson roads in Kumasi, this mall introduces convenient shopping in a high-density area.

City/country     Kumasi, Ghana
Anchor tenants     Shoprite, Game
Rentable area     17 948m2
Ownership     28,1%
General manager     Esther Duah
Vacancy     26,5%
Monthly footcount     620 936