Properties owned
by the group at
March 2011
|
Region
|
Gross
lettable area
m2 |
Purchase
price
R000 |
Effective date of
acqui-
sition |
Directors’
valuation
at 31 Mar
2011
R000 |
Revenue
R000 |
|
OPERATING SEGMENT REPORT |
|
OFFICES |
|
|
|
|
|
|
|
Arivia.kom Building |
Gauteng
|
15 634 |
78 238 |
Apr 2004 |
147 052 |
20 027 |
|
DLV Building |
Gauteng
|
2 872 |
13 469 |
Apr 2004 |
18 848 |
3 306 |
|
Barlow Place |
Gauteng
|
2 460 |
8 660 |
Apr 2004 |
25 220 |
3 572 |
|
Mutual and Federal |
Gauteng
|
12 093 |
54 712 |
Apr 2004 |
68 349 |
17 150 |
|
Pinepark |
Western Cape
|
2 804 |
13 347 |
Apr 2004 |
23 523 |
3 186 |
|
Eva Park |
Gauteng
|
10 911 |
30 657 |
Apr 2004 |
51 399 |
9 169 |
|
Louis Leipoldt Hospital |
Western Cape
|
22 311 |
106 937 |
Apr 2004 |
218 317 |
20 484 |
|
Nelspruit Prorom |
Mpumalanga
|
6 181 |
16 108 |
Apr 2004 |
27 382 |
6 273 |
|
Bedfordview GIS |
Gauteng
|
6 759 |
26 396 |
Apr 2004 |
34 101 |
6 358 |
|
259 West Street |
Gauteng
|
5 180 |
17 979 |
Apr 2004 |
36 700 |
5 933 |
|
East London Sanlam Park |
Eastern Cape
|
9 069 |
59 236 |
Apr 2004 |
62 344 |
9 303 |
|
Durban Embassy |
KwaZulu-Natal
|
32 346 |
107 041 |
Apr 2004 |
182 028 |
33 915 |
|
Oakhurst Parktown |
Gauteng
|
9 085 |
34 400 |
Mar 2006 |
67 310 |
11 084 |
|
50 6th Road Hyde Park |
Gauteng
|
4 181 |
56 573 |
Sept 2006 |
57 602 |
7 984 |
|
Waymark Offices |
Gauteng
|
3 480 |
34 174 |
Mar 2008 |
37 307 |
4 342 |
|
West Street Houghton |
Gauteng
|
4 415 |
33 504 |
Sept 2007 |
46 082 |
6 518 |
|
Pretoria Hatfield Sanlam Building |
Gauteng
|
5 358 |
41 875 |
Sept 2010 |
43 035 |
3 589 |
|
Pretoria Sanwood Park |
Gauteng
|
6 388 |
55 464 |
Sept 2010 |
54 507 |
3 915 |
|
Sandton St Andrews Complex |
Gauteng
|
9 902 |
76 805 |
Sept 2010 |
85 640 |
6 908 |
|
Sandton Sunninghill Place |
Gauteng
|
8 774 |
73 986 |
Sept 2010 |
75 121 |
6 420 |
|
Randburg Triangle |
Gauteng
|
3 047 |
12 725 |
Oct 2003 |
16 602 |
2 966 |
|
De Tijger Office Park |
Western Cape
|
4 159 |
25 856 |
Oct 2003 |
29 027 |
5 047 |
|
|
|
|
|
|
|
|
|
|
187 409 |
978 142 |
|
1 407 496 |
197 449 |
|
|
|
|
|
|
|
|
INDUSTRIAL |
|
|
|
|
|
|
|
Sony Building |
Gauteng |
11 001 |
33 530 |
Apr 2004 |
56 108 |
8 136 |
|
Supra Hino |
Gauteng |
2 840 |
14 264 |
Apr 2004 |
25 025 |
2 147 |
|
Hellman International |
Gauteng |
5 241 |
5 807 |
Apr 2004 |
29 349 |
3 659 |
|
Valley View Industrial Park |
KwaZulu-Natal |
30 790 |
53 795 |
Apr 2004 |
77 299 |
10 593 |
|
Village Main Industrial Park |
Gauteng |
8 057 |
5 400 |
Apr 2004 |
16 934 |
3 704 |
|
John Griffin |
Gauteng |
9 774 |
5 298 |
Apr 2004 |
14 853 |
2 857 |
|
AAD |
Western Cape |
3 024 |
7 845 |
Apr 2004 |
12 864 |
1 689 |
|
Richmond Park |
KwaZulu-Natal |
7 940 |
10 800 |
Apr 2004 |
22 798 |
4 707 |
|
Centurion N1 |
Gauteng |
11 413 |
12 990 |
Apr 2004 |
47 489 |
4 488 |
|
Midrand Allandale undeveloped land |
Gauteng |
|
5 655 |
Apr 2004 |
29 500 |
|
|
Midrand Sanitary City |
Gauteng |
6 342 |
15 277 |
Apr 2004 |
32 674 |
3 093 |
|
Parow Industrial Park |
Western Cape |
19 834 |
28 059 |
Apr 2004 |
51 202 |
7 573 |
|
Midrand Allandale Park |
Gauteng |
21 344 |
23 175 |
Apr 2004 |
68 254 |
10 619 |
|
Germiston R24 |
Gauteng |
34 977 |
53 520 |
Apr 2004 |
138 247 |
17 206 |
|
Randburg Trevallyn |
Gauteng |
32 006 |
48 324 |
Apr 2004 |
114 742 |
15 902 |
|
Pinetown Westmead Kyalami Park |
KwaZulu-Natal |
16 914 |
59 390 |
Sept 2010 |
60 172 |
4 905 |
|
Randburg Tungsten |
Gauteng |
10 365 |
13 336 |
Oct 2003 |
34 563 |
5 487 |
|
Robertville Mini Factories |
Gauteng |
28 106 |
15 983 |
Oct 2003 |
66 535 |
12 230 |
|
|
|
|
|
|
|
|
|
|
259 968 |
412 448 |
|
898 608 |
118 995 |
|
|
|
|
|
|
|
Properties owned
by the group at
March 2011
|
Region
|
Goodwill
R000
|
Linked
deben-
tures and
premiums
R000
|
Interest
bearing
borrow-
ings
R000
|
Gross
weighted
average
rental
R/m2
pm |
Va-
cancy
%
|
|
OPERATING SEGMENT REPORT |
|
OFFICES |
|
|
|
|
|
|
|
Arivia.kom Building |
Gauteng
|
|
58 168 |
46 049 |
75.54 |
|
|
DLV Building |
Gauteng
|
|
7 456 |
5 902 |
87.32 |
11.55 |
|
Barlow Place |
Gauteng
|
|
9 976 |
7 897 |
88.71 |
|
|
Mutual and Federal |
Gauteng
|
|
27 036 |
21 403 |
51.59 |
|
|
Pinepark |
Western Cape
|
|
9 305 |
7 366 |
70.00 |
|
|
Eva Park |
Gauteng
|
|
20 331 |
16 096 |
72.22 |
23.96 |
|
Louis Leipoldt Hospital |
Western Cape
|
|
86 358 |
68 366 |
71.71 |
|
|
Nelspruit Prorom |
Mpumalanga
|
|
10 831 |
8 575 |
75.77 |
2.49 |
|
Bedfordview GIS |
Gauteng
|
|
13 489 |
10 679 |
58.80 |
17.23 |
|
259 West Street |
Gauteng
|
|
14 517 |
11 493 |
76.48 |
0.38 |
|
East London Sanlam Park |
Eastern Cape
|
|
24 661 |
19 523 |
76.05 |
|
|
Durban Embassy |
KwaZulu-Natal
|
|
72 003 |
57 002 |
66.87 |
9.06 |
|
Oakhurst Parktown |
Gauteng
|
|
26 625 |
21 078 |
78.79 |
6.86 |
|
50 6th Road Hyde Park |
Gauteng
|
|
22 785 |
18 038 |
132.05 |
|
|
Waymark Offices |
Gauteng
|
|
14 757 |
11 683 |
85.01 |
|
|
West Street Houghton |
Gauteng
|
|
18 228 |
14 431 |
92.92 |
|
|
Pretoria Hatfield Sanlam Building |
Gauteng
|
|
17 023 |
13 476 |
99.61 |
0.48 |
|
Pretoria Sanwood Park |
Gauteng
|
|
21 561 |
17 069 |
78.58 |
46.17 |
|
Sandton St Andrews Complex |
Gauteng
|
|
33 876 |
26 818 |
75.17 |
1.26 |
|
Sandton Sunninghill Place |
Gauteng
|
|
29 715 |
23 524 |
78.09 |
14.79 |
|
Randburg Triangle |
Gauteng
|
1 688 |
6 567 |
5 199 |
52.75 |
|
|
De Tijger Office Park Western Cape |
|
3 403 |
11 482 |
9 090 |
92.03 |
16.04 |
|
|
|
|
|
|
|
|
|
|
5 091 |
556 750 |
440 757 |
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL |
|
|
|
|
|
|
|
Sony Building |
Gauteng |
|
22 194 |
17 570 |
52.08 |
18.82 |
|
Supra Hino |
Gauteng |
|
9 899 |
7 837 |
55.13 |
|
|
Hellman International |
Gauteng |
|
11 609 |
9 191 |
49.96 |
|
|
Valley View Industrial Park |
KwaZulu-Natal |
|
30 576 |
24 206 |
28.06 |
|
|
Village Main Industrial Park |
Gauteng |
|
6 698 |
5 302 |
29.55 |
|
|
John Griffin |
Gauteng |
|
5 875 |
4 651 |
16.19 |
|
|
AAD |
Western Cape |
|
5 089 |
4 028 |
45.36 |
|
|
Richmond Park |
KwaZulu-Natal |
|
9 018 |
7 139 |
37.22 |
|
|
Centurion N1 |
Gauteng |
|
18 785 |
14 871 |
40.31 |
16.08 |
|
Midrand Allandale undeveloped land |
Gauteng |
|
11 669 |
9 238 |
|
|
|
Midrand Sanitary City |
Gauteng |
|
12 925 |
10 232 |
38.58 |
|
|
Parow Industrial Park |
Western Cape |
|
20 253 |
16 034 |
31.67 |
2.75 |
|
Midrand Allandale Park |
Gauteng |
|
26 999 |
21 374 |
39.84 |
18.59 |
|
Germiston R24 |
Gauteng |
|
54 685 |
43 292 |
35.07 |
1.00 |
|
Randburg Trevallyn |
Gauteng |
|
45 387 |
35 932 |
35.73 |
5.73 |
|
Pinetown Westmead Kyalami Park |
KwaZulu-Natal |
|
23 802 |
18 843 |
34.49 |
1.69 |
|
Randburg Tungsten |
Gauteng |
1 769 |
13 672 |
10 823 |
40.49 |
11.17 |
|
Robertville Mini Factories |
Gauteng |
2 120 |
26 319 |
20 836 |
28.86 |
8.26 |
|
|
|
|
|
|
|
|
|
|
3 889
|
355 454 |
281 399 |
|
|
|
|
|
|
|
|
|
Properties owned
by the group at
March 2011
|
Region
|
Gross
lettable
area
m2 |
Purchase
price
R000
|
Effective
date of
acqui-
sition
|
Directors’
valuation
at 31 Mar
2011
R000 |
Revenue
R000 |
Expen-
diture
R000
|
|
OPERATING SEGMENT REPORT
|
|
RETAIL
|
|
|
|
|
|
|
|
|
Truworths Centre |
Mpumalanga |
1 920 |
7 336 |
Apr 2004 |
27 603 |
2 708 |
490 |
|
Grosvenor Shopping
Centre |
Gauteng |
4 664 |
31 381 |
Apr 2004 |
35 234 |
7 853 |
3 256 |
|
Pine Crest Centre |
KwaZulu-Natal |
20 101 |
99 338 |
Apr 2004 |
188 215 |
32 522 |
9 716 |
|
Lichtenburg Sanlam
Centre |
North West |
8 460 |
18 706 |
Apr 2004 |
34 926 |
5 166 |
1 698 |
|
Barlows Audi** |
Western Cape |
3 100 |
24 025 |
Apr 2004 |
37 022 |
3 687 |
380 |
|
Bloemfontein Plaza and
Parkade |
Free State |
38 448 |
45 726 |
Apr 2004 |
130 355 |
34 257 |
18 789 |
|
Daveyton Shopping Centre |
Gauteng |
16 983 |
49 883 |
Apr 2004 |
157 820 |
22 988 |
7 963 |
|
Dobsonville Shopping
Centre |
Gauteng |
23 177 |
56 118 |
Apr 2004 |
194 375 |
29 039 |
10 456 |
|
Durban Phoenix Plaza |
KwaZulu-Natal |
24 342 |
189 140 |
Apr 2004 |
414 222 |
60 096 |
20 167 |
|
Randburg Square |
Gauteng |
51 370 |
70 668 |
Apr 2004 |
209 272 |
49 815 |
24 997 |
|
Moratiwa Crossing |
Limpopo |
10 697 |
61 540 |
Nov 2007 |
75 203 |
11 710 |
3 429 |
|
Kimberley Kim Park |
Northern Cape |
10 494 |
47 915 |
Sept 2010 |
38 210 |
5 824 |
3 178 |
|
Nelspruit Sanlam Centre |
Mpumalanga |
13 934 |
39 963 |
Sept 2010 |
41 211 |
6 717 |
3 873 |
|
Rustenburg Edgars
Building |
North West |
9 784 |
83 750 |
Sept 2010 |
85 336 |
6 256 |
554 |
|
Roodepoort Hillfox Power
Centre |
Gauteng |
36 103 |
62 098 |
Oct 2003 |
155 070 |
26 394 |
11 618 |
|
Mala Plaza |
Limpopo |
4 865 |
11 758 |
Oct 2003 |
45 540 |
4 400 |
891 |
|
Masingita Spar Centre |
Limpopo |
5 485 |
13 947 |
Oct 2003 |
22 949 |
4 982 |
1 634 |
|
Piet Retief Shopping Centre |
Mpumalanga |
7 542 |
20 818 |
Oct 2003 |
51 329 |
6 192 |
1 389 |
|
Qualbert Centre |
KwaZulu-Natal |
4 777 |
24 432 |
Oct 2003 |
43 752 |
6 977 |
1 183 |
|
Kokstad Game Centre |
KwaZulu-Natal |
12 867 |
37 666 |
Oct 2003 |
85 854 |
10 300 |
2 699 |
|
The Victoria Centre |
KwaZulu-Natal |
11 021 |
55 685 |
Oct 2003 |
77 682 |
12 168 |
3 208 |
|
Meadowdale Land |
Gauteng |
|
|
|
16 650 |
|
|
|
Meadowdale Mall |
Gauteng |
35 339 |
66 170 |
Oct 2003 |
115 023 |
24 081 |
12 732 |
|
Oshakati Shopping Centre |
Namibia |
22 269 |
76 929 |
Oct 2003 |
159 458 |
25 415 |
9 920 |
|
Oshikango Ellerines Centre |
Namibia |
9 163 |
19 542 |
Oct 2003 |
93 487 |
8 744 |
895 |
|
Ondangwa Shoprite Checkers |
Namibia |
5 739 |
17 959 |
Oct 2003 |
38 595 |
5 431 |
632 |
|
Katatura Checkers Centre |
Namibia |
10 587 |
41 157 |
Oct 2003 |
71 442 |
13 649 |
5 056 |
|
BPI House |
Namibia |
12 840 |
110 803 |
Jul 2007 |
118 331 |
15 321 |
3 503 |
|
|
|
|
|
|
|
|
|
|
|
416 071 |
1 384 453 |
|
2 764 166 |
442 692 |
164 306 |
|
|
|
|
|
|
|
|
|
HELD FOR SALE |
|
|
|
|
|
|
|
|
VWL Building* |
Gauteng |
16 933 |
67 346 |
Apr 2004 |
84 961 |
17 611 |
6 596 |
|
Glencairn Building* |
Gauteng |
13 378 |
41 875 |
Apr 2004 |
53 787 |
14 001 |
4 812 |
|
Midtown Building* |
Gauteng |
8 086 |
34 947 |
Apr 2004 |
38 572 |
4 910 |
1 339 |
|
Botbyl Subaru Building* |
Gauteng |
4 603 |
23 637 |
Apr 2004 |
13 659 |
2 526 |
1 016 |
|
Truworths Building* |
Gauteng |
6 919 |
40 550 |
Apr 2004 |
65 166 |
6 421 |
538 |
|
Kleinfontein Offices* |
Gauteng |
439 |
6 413 |
Oct 2003 |
1 700 |
3 363 |
1 073 |
|
Oshakati Beares Furnishers* |
Namibia |
2 566 |
4 502 |
Oct 2003 |
5 657 |
878 |
165 |
|
Rundu Ellerines* |
Namibia |
1 283 |
4 330 |
Oct 2003 |
2 288 |
138 |
99 |
|
Katima Mulilo Pep Stores* |
Namibia |
2 472 |
6 149 |
Oct 2003 |
15 632 |
1 920 |
189 |
|
|
|
|
|
|
|
|
|
|
|
56 679 |
229 749 |
|
281 422 |
51 768 |
15 827 |
|
|
|
|
|
|
|
|
Properties owned
by the group at
March 2011
|
Region
|
Goodwill
R000
|
Linked
deben-
tures and
premiums
R000
|
Interest
bearing
borrow-
ings
R000
|
Gross
weighted
average
rental
R/m2
pm |
Va-
cancy
%
|
|
OPERATING SEGMENT REPORT |
|
RETAIL |
|
|
|
|
|
|
|
Truworths Centre |
Mpumalanga |
|
10 919 |
8 644 |
105.78 |
|
|
Grosvenor Shopping
Centre |
Gauteng |
|
13 937 |
11 034 |
102.14 |
25.02 |
|
Pine Crest Centre |
KwaZulu-Natal |
|
74 450 |
58 940 |
96.65 |
5.12 |
|
Lichtenburg Sanlam
Centre |
North West |
|
13 815 |
10 937 |
46.97 |
7.37 |
|
Barlows Audi** |
Western Cape |
|
14 644 |
11 593 |
95.04 |
|
|
Bloemfontein Plaza and
Parkade |
Free State |
|
51 563 |
40 821 |
54.56 |
4.31 |
|
Daveyton Shopping Centre |
Gauteng |
|
62 427 |
49 421 |
79.64 |
3.89 |
|
Dobsonville Shopping
Centre |
Gauteng |
|
76 887 |
60 869 |
82.28 |
4.55 |
|
Durban Phoenix Plaza |
KwaZulu-Natal |
|
163 850 |
129 714 |
165.02 |
0.79 |
|
Randburg Square |
Gauteng |
|
82 780 |
65 533 |
53.40 |
9.93 |
|
Moratiwa Crossing |
Limpopo |
|
29 747 |
23 550 |
74.88 |
0.08 |
|
Kimberley Kim Park |
Northern Cape |
|
15 114 |
11 965 |
65.78 |
16.36 |
|
Nelspruit Sanlam Centre |
Mpumalanga |
|
16 301 |
12 905 |
55.04 |
5.19 |
|
Rustenburg Edgars
Building |
North West |
|
33 756 |
26 723 |
70.71 |
|
|
Roodepoort Hillfox Power
Centre |
Gauteng
|
8 239 |
61 339 |
48 560 |
42.35 |
5.10 |
|
Mala Plaza |
Limpopo |
1 524 |
18 014 |
14 261 |
75.38 |
7.04 |
|
Masingita Spar Centre |
Limpopo |
1 808 |
9 078 |
7 187 |
61.50 |
4.92 |
|
Piet Retief Shopping Centre |
Mpumalanga |
2 726 |
20 304 |
16 074 |
67.17 |
|
|
Qualbert Centre |
KwaZulu-Natal |
3 212 |
17 307 |
13 701 |
111.30 |
|
|
Kokstad Game Centre |
KwaZulu-Natal |
4 951 |
33 960 |
26 885 |
61.12 |
2.41 |
|
The Victoria Centre |
KwaZulu-Natal |
7 358 |
30 728 |
24 326 |
86.94 |
|
|
Meadowdale Land |
Gauteng |
|
6 586 |
5 214 |
|
|
|
Meadowdale Mall |
Gauteng |
8 716 |
45 498 |
36 019 |
38.03 |
0.35 |
|
Oshakati Shopping Centre |
Namibia |
10 425 |
63 075 |
49 934 |
74.11 |
|
|
Oshikango Ellerines Centre |
Namibia |
2 751 |
36 980 |
29 275 |
89.10 |
|
|
Ondangwa Shoprite Checkers |
Namibia
|
2 390 |
15 267 |
12 086 |
76.01 |
|
|
Katatura Checkers Centre |
Namibia |
5 613 |
28 260 |
22 372 |
78.16 |
|
|
BPI House |
Namibia |
46 807 |
37 056 |
92.19 |
5.37 |
|
|
|
|
|
|
|
|
|
|
|
59 713 |
1 093 393 |
865 599 |
|
|
|
|
|
|
|
|
|
|
HELD FOR SALE |
|
|
|
|
|
|
|
VWL Building* |
Gauteng |
|
33 607 |
26 605 |
59.09 |
1.30 |
|
Glencairn Building* |
Gauteng |
|
21 276 |
16 843 |
68.58 |
3.73 |
|
Midtown Building* |
Gauteng |
|
15 257 |
12 079 |
46.16 |
|
|
Botbyl Subaru Building* |
Gauteng |
|
5 403 |
4 277 |
88.38 |
51.95 |
|
Truworths Building* |
Gauteng |
|
25 777 |
20 407 |
73.8 |
|
|
Kleinfontein Offices* |
Gauteng |
88 |
673 |
532 |
54.41 |
|
|
Oshakati Beares Furnishers* |
Namibia |
674 |
2 238 |
1 772 |
27.70 |
|
|
Rundu Ellerines* |
Namibia |
536 |
905 |
717 |
34.91 |
54.95 |
|
Katima Mulilo Pep Stores* |
Namibia |
1 116 |
6 183 |
4 895 |
65.70 |
|
|
|
|
|
|
|
|
|
|
|
2 414 |
111 319 |
88 127 |
|
|
|
|
|
|
|
|
|