INVESTOR SITE VISIT JUNE 2019
A T T A C Q | I N V E S T O R S I T E V I S I T AGENDA 1 08:00 (sharp) Coach departs from Maxwell Business Centre [Maxwell Office Park, 37 Magwa Crescent, Waterfall City, Waterfall] 08:45 – 09:15 Lynnwood Bridge precinct [Daventry Street, Lynnwood Manor, Pretoria] Stephanie’s for coffee and light breakfast 09:15 – 10:15 Lynnwood Bridge precinct [walk around the precinct, taking in the newly renovated area] Debbie Theron – Head of asset management: office and mixed-use Colette Curle – Property manager 10:15 Depart from Lynnwood Bridge 11:00 – 12:00 Warehouse tour [Waterfall Logistics Hub, Waterfall] 12:00 – 13:00 Deloitte head office construction site [Allandale interchange, Waterfall City, Waterfall] 13:00 – 13:45 Visit to Ellipse Waterfall Residential Show Unit [Mall of Africa, Waterfall City, Waterfall] Maxwell Office Park, ATT House, 2 nd Floor 13:45 – 15:15 Showcasing the Waterfall City model and finger lunch with pre-close update 15:15 – 16:00 Waterfall Corporate Campus Walk around Waterfall Corporate Campus, tour of the Accenture building 16:00 Coach returns to Maxwell Office Park NOTES ATTACQ INVESTOR SITE VISIT JUNE 2019 1 /
A T T A C Q | I N V E S T O R S I T E V I S I T MAP OF SUROUNDING NEIGHBOURHOODS 2 LYNNWOOD BRIDGE RETAIL NOTES / 2 ATTACQ INVESTOR SITE VISIT JUNE 2019
A T T A C Q | I N V E S T O R S I T E V I S I T LYNNWOOD BRIDGE PRECINCT OVERVIEW 3 Escape the ordinary at Lynnwood Bridge, the precinct that offers an experience like none other in Pretoria. An extraordinary mixture of exclusive stores, hotel, gym, entertainment and dining. Location and access • Corner of Lynnwood and Daventry Roads in Lynnwood Manor, Pretoria East and connected to Glenfair Boulevard via a pedestrian bridge • 35 minutes’ drive from OR Tambo International Airport • Direct egress from the precinct onto the N1 freeway Lynnwood Bridge Office • PGLA of 46 717m² • A-Grade offices with blue chip tenants such as Adams & Adams, Aurecon and Citadel • Two of the office buildings have received a 5 Green Star rating (by design) from the GBCSA Lynnwood Bridge Hotel • PGLA of 7 946m² • 205 luxury rooms • Offers a breakfast buffet, coffee shop, sundowner bar and three conference rooms as well as an exercise room and guests can relax at the pool area during summer The property has ample basement parking for retail and office tenants as well as theatre visitors NOTES ATTACQ INVESTOR SITE VISIT JUNE 2019 3 /
A T T A C Q | I N V E S T O R S I T E V I S I T LYNNWOOD BRIDGE RETAIL 4 Shopper profile • Live entertainment in the piazza area on a regular basis 11 378m² GLA • An exciting calendar of wine tasting, Christmas carols, valentine’s function, open air entertainment Median HH income bracket between R29 000 and R51 000 LSM 7-10+ The property was designed by Studio 3, developed by Atterbury in 2011 and bought into the Attacq Lynnwood Bridge Theatre stable upon listing in October 2013 Age group A superb classic concert hall, and optimally ‘tuned’ in terms of spatial acoustical properties. 16-24 14% Gender Seats 400 people and hosts a variety of shows 25-34 18% 57% female shoppers from Afrikaans drama to classical music. 35-49 31% 43% male shoppers Atterbury Theatre also has a complete 50+ 37% Computicket office. NOTES / 4 ATTACQ INVESTOR SITE VISIT JUNE 2019
A T T A C Q | I N V E S T O R S I T E V I S I T LYNNWOOD BRIDGE RETAIL 5 13 4 4 27 As at 31 March 2019 11 CATEGORY BY % GROSS RENTAL Average rent per PLGA m² per month: R259/m 2 2 3 WALE: 2.3 years 3 33 Vacancy (by PGLA): 1.5% (175m²) Lease expiry profile (m²) Accessories, Jewellery & Watches Number of stores: 24 stores 8 000 Electronics Monthly trading density: Food R5 011/m² 6 000 Food Service Rent to turnover ratio: 5.5% Health & Beauty Building valuation: R368.9 m Homeware, Furniture & Interior 4 000 Non-turnover Generating Stores Speciality 2 000 Sport Utilities Sportswear & Outdoor 0 Month to 2019 2020 2021 2022 2023+ month NOTES ATTACQ INVESTOR SITE VISIT JUNE 2019 5 /
A T T A C Q | I N V E S T O R S I T E V I S I T GLENFAIR BOULEVARD RETAIL 6 Glenfair Boulevard is situated in a well-established affluent area. This community shopping centre has been a mark of convenience for the past 50 years. • One stop Intercare Medical Centre: doctors, dentists, pathologist, radiology, physiotherapy, optometrist • Anchor and national tenants: SuperSpar, Checkers, Dis-Chem, Spur, Absa Bank • Restaurant options: Steers, Fishaways, Debonairs, Spur, Wimpy, Château Gâteaux and Birillo NOTES / 6 ATTACQ INVESTOR SITE VISIT JUNE 2019
A T T A C Q | I N V E S T O R S I T E V I S I T GLENFAIR BOULEVARD RETAIL 7 Shopper profile 15 927m² GLA 941 free parking bays and recycling facilities for the public The property was revamped under the guidance of Studio 3 in 2009, followed by the addition of Dis-Chem in 2012 and bought into the Attacq stable upon listing in October 2013. In LSM 7-10+ addition, SPUR was added to the offering in 2014 . Age group Gender 16-24 3% 25-34 9% 57% female shoppers 35-49 31% 43% male shoppers 50+ 57% NOTES ATTACQ INVESTOR SITE VISIT JUNE 2019 7 /
A T T A C Q | I N V E S T O R S I T E V I S I T GLENFAIR BOULEVARD RETAIL 8 Social Corporate Initiatives As at 31 March 2019 2 20 7 2 PGLA: 15 951m² Average rent per PGLA m² per 11 CATEGORY BY % month: R252/m² 14 11 GROSS RENTAL WALE: 2.1 years 2 1 Vacancy (by PGLA): 13 1.1% (174m²) 26 Number of stores: 58 Monthly trading density: Accessories, Jewellery & Watches R5 000/m² Lease expiry profile (m²) Apparel Rent to turnover ratio: 4.9% 5 000 Books, Cards, Stationery Building valuation: R491.0 m Electronics 4 000 Eyewear & Optometrists Food 3 000 Food Service 2 000 Health & Beauty Homeware, Furniture & Interior 1 000 Non-turnover Generating Stores Services 0 Month to 2019 2020 2021 2022 2023+ Speciality month NOTES / 8 ATTACQ INVESTOR SITE VISIT JUNE 2019
A T T A C Q | I N V E S T O R S I T E V I S I T DEVELOPMENTS AT WATERFALL 9 Waterfall Masterplan NOTES ATTACQ INVESTOR SITE VISIT JUNE 2019 9 /
A T T A C Q | I N V E S T O R S I T E V I S I T INDUSTRIAL DEVELOPMENT 10 Amrod PGLA: 37 937m² Valuation: R410.1 million Building includes the warehouse and office Amrod Specialised racking Expansion opportunity Example of consolidation NOTES / 10 ATTACQ INVESTOR SITE VISIT JUNE 2019
A T T A C Q | I N V E S T O R S I T E V I S I T DEVELOPMENTS UNDER CONSTRUCTION 11 Deloitte Head Office PGLA: ±42 500m² Land Parcel 10 Segment: Office Deloitte 50.0% JV with Atterbury Completion date: Quarter 3 FY20 Corporate consolidation Targeting Silver LEED certification 2.1 million man hours spent on the project and lost time injury free 50 000m³ of concrete used at Deloitte, equating to 8 333 concrete trucks . If parked end to end the queue would stretch to 58km 20 000m² of formwork was used. This is the equivalent of 29 soccer fields 13 000m² of backfilling required on the project – enough to fill 5.5 Olympic sized swimming pools 4 884 tons of steel reinforcing which is the equivalent of 814 male elephants or 5 426 Springbok scrums 605 doors – including shower doors 15 lifts and 4 escalators to transport the employees and visitors NOTES ATTACQ INVESTOR SITE VISIT JUNE 2019 11 /
A T T A C Q | I N V E S T O R S I T E V I S I T DEVELOPMENTS UNDER CONSTRUCTION | CONTINUED 12 Waterfall Corporate Campus PGLA: ±30 000m² Land Parcel 10B Corporate Six buildings Campus Segment: Office 50.0% JV with Zenprop All buildings targeting four star GBCSA (by design) green rating Completed Building 1 (5 868m²) – 100% leased • • Building 2 (6 430m²) – 70% leased Building 3 Accenture (3 970m²) • – 100% leased Under construction Building 4 (4 526m²) – spec, Quarter 2 FY20 • Building 5 ContinuitySA (5 530m²) – 100% • leased, completion date: Quarter 2 FY20 NOTES / 12 ATTACQ INVESTOR SITE VISIT JUNE 2019
A T T A C Q | I N V E S T O R S I T E V I S I T DEVELOPMENT PIPELINE 13 Ellipse Develop to sell residential units Ellipse Land Parcel 10 50.0% JV with Tricolt Segment: residential Phased development • Phase 1: Two towers, 272 units Phase 2: Two towers, ±348 units • Targeting four star GBCSA green rating NOTES ATTACQ INVESTOR SITE VISIT JUNE 2019 13 /
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