Growthpoint Properties Industrial Value Extraction Strategy
Introduction to Growthpoint * Includes 100% of GOZ and 50% of V&A Waterfront; excludes Stor-Age, refer to Annexure 29
Growthpoint Industrial Sector Salient features as at 30 June 2015 Highlights for the year under review Growthpoint Industrial Sector Salient features as at 30 June 2015 Number of properties 229.00 Valuation R10,436 mil Total GLA 2,225,075 Vacancy 118,509 Vacancy % 5.33% Value per m² excluding bulk R 4,589 Average gross rent per m² R43,40
Commerce Corner DETAILS 4
Location Commerce Corner
Property Information Commerce Corner Land size : 6 240m² GLA : 3 605m² Value /m² : R8 293/m² Current tenants : - Exclusive Books Environ Distribution SA (Pty) Ltd Average years rent /m² : R80/m² gross Lease expiry date : 2019
After Development
After Development
M1 Place DETAILS 9
Location
Property Information M1 Place Land size : 25 381m² GLA : 13 797m² - current, post refurbishment 22 312m² Value /m² : R3 195/m² - current, post refurbishment R4 024/m² Current tenants : United Furniture Outlets (Pty) Ltd Multilayer Trading 704 CC The Linen Basket Loxion Factory Shop Current Average Gross Rent /m² : R47.05/m² Lease expiry date : Monthly due to refurb Capex spend : R51m + Current Value
Before Development
After Development
After Development
Samrand DETAILS 15
Location
Property Information Samrand Land size : 437 038m² Zoned : Industrial 2 & Commercial (2 sites only measuring 20 961m²) F A R : 0.6 Coverage : 50% Services : Roads, Storm water, Sewer, Electricity & Water Potential GLA : 226 393m²
Development Perspective
Midrand Central DETAILS 19
Location
Property Information Midrand Central Land size :59 358m² (Erf 517, 518, 519, 520) Current GLA : 12 694m² (Erf 517, 518) Current tenants : Wilo JDL Electrical Geze SMC Pneumatics Average Gross Rent /m² : R61.30/m² Lease expiry date : 2020
Development Perspective
Kulingile DETAILS 23
Location
Property Information Kulingile Land size : 107 807m² Built area : 49 000m² Value /m² : R2 450/m² Current tenant : Robor Average Gross Rent /m² : R31/m² Lease expiry date : Nov 2015 Capex spend : R12m for new tenant Consolidated Steel Industries Jan 2016
Kulingile Building
Midas DETAILS 27
Location
Property Information Midas Land size : 42 207m² Built area : 18 981m² Value /m² : R3 717/m² Current tenants : Vacant
Midas Building
Hilltop Industrial DETAILS 31
Location
Property Information Hilltop Industrial Land size : 263 446m² Built area : 74 135m² Value /m² : R4 589/m² Current tenants : Scania Cartoon Candy Rocbolt Technologies Capital Africa Steel Man Diesel & Turbo Robor The Dished End Company Salco Rubicon Automation Average years rent /m² : R35.90/m² Capex spend : R75m in addition to current value
After Development Perspective
Allen Road DETAILS 35
Location
Property Information Allen Road Land size : 96 283m² Built area : 6 088m² Value /m² : R6 465/m² Current tenants : Gxakwe Projects Vacant 1 719m² Average years rent /m² : R56.10/m² Lease expiry date : 2020
After Development Perspective
After Development
After Development
Grundfos and Meadowbrook Estate LOCATION DETAILS 41
Location
Property Information Grundfos & Meadowbrook Estate Land size : 41 700m² Built area : 16 772m² Value /m² : R8 516/m² Current tenants : Grundfos (Pty) Ltd Meadowbrook Vacant: 7 088m² Average years rent /m² : R90.00/m² Lease expiry date : 2023 Capex spend : Grundfos - R75m Meadowbrook – R55m
Grundfos After Development
Grundfos After Development
Meadowbrook After Development
Meadowbrook After Development
Thank you! Growthpoint Properties Limited Contact : Engelbert Binedell +(27) 11 944 6000 Victoria and Alfred Waterfront, Cape Town