Hyprop Investments Limited Integrated annual report 2016

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Hyprop Investments Limited
Integrated annual report 2016
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PROPERTY PORTFOLIO – SOUTH AFRICA continued
Vacancy profile
Vacancies in the retail portfolio improved to 0,8% (2015: 1,3%). Vacancies in the office portfolio also improved to 4,5% (2015: 8,3%), mainly due to
new lettings at Hyde Park Corner offices, Glenwood offices and Lakefield offices.
30 June 2016 30 June 2015
Vacancies
Total area
available for
leasing
m²
Rentable
area
%
Total area
available for
leasing
m²
Rentable
area
%
Retail
Canal Walk 1 763 1,2 1 368 0,9
Clearwater Mall 449 0,5 0 0,0
The Glen 1 618 2,0 964 1,2
Woodlands Boulevard 0 0,0 0 0,0
CapeGate 132 0,2 902 1,4
Somerset Mall 0 0,0 1 087 1,6
Rosebank Mall 539 0,9 827 1,3
Hyde Park Corner 148 0,5 329 1,2
Willowbridge 233 0,6 1 674 4,2
Somerset Value Mart 495 3,9 1 987 15,8
Atterbury Value Mart 163 0,3 0 0,0
Retail total 5 540 0,8 9 138 1,3
Offices 3 382 4,5 6 247 8,3
Grand total 8 922 1,1 15 385 2,0
Weighted average retail escalation profile
% of total
portfolio
Rentable
area
m2
Rental
growth
%
Con-
tractual
escalation
%
Number
of leases
Retail 19,3 137 568 7,4 8,0 504
Offices 21,3 16 096 5,2 8,3 64
Total 19,6 153 664 7,3 8,1 568
Lease renewal process
Rentable
area
m2 %
Lease still outstanding 6 346 4
Leases completed 153 664 96
Total 160 010 100