Property portfolio – sub-Saharan Africa (excluding SA)
IKEJA CITY MALL
2017 Average rental USD/m2 |
2016 Average rental USD/m2 |
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Weighted average rental per m2 | 54,3 | 56,3 |
Retail portfolio by category | % of total rentable area |
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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 | |||||||
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Vacancy profile | Total area available for leasing m2 | Rentable area % |
Total area available for leasing m2 | Rentable area % |
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Vacancy profile | 0 | 0,0 | 511 | 2,3 |
Tenant profile | % of rentable area |
% of income |
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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 |
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Ikeja City MallDominant 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.
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Manda HillThis mall in Lusaka offers shoppers the ideal destination to fulfil their retail needs across local and international tenants.
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West Hills MallThe 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.
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Achimota Retail CentreLocated 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.
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Accra MallWell located on Spintex Road, Accra Mall is an enclosed, air-conditioned shopping centre with international fashion brands and some South African retailers.
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Kumasi City MallLocated on the corner of Lake and Hudson roads in Kumasi, this mall introduces convenient shopping in a high-density area.
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