Redefine Properties Limited · JSE:RDF
Redefine Properties — Investor Presentation (August 2023)
32 slides from Redefine Properties's investor presentation, August 2023
Slide 1: Cape Town investor property tour
Cape Town investor property tour August 2023
Slide 2: About Redefine
About Redefine Redefine is a leading South African Real Estate Investment Trust South African assets 63% (REIT) with a sectoral and geographically diversified property asset platform. We actively manage an asset platform of R94.1 billion. 41% Retail 39% Office 20% Industrial Our asset platform is an
Slide 3: Tour itinerary
Tour itinerary 3 9 2 4 1 8 7 Property 1 The Towers (starting point) 2 Convention Tower 3 ParkONE, Heron Place 5 4 Brackengate Massmart DC 5 Kenilworth Centre 6 Blue Route Mall 7 Black River Office Park 8 Wembley Square 9 The Towers (tour ends) 6 INDUSTRIAL OFFICE RETAIL Cape Town | Investor property
Slide 4: The Towers
The Towers 13 OFFICE Location Cape Town Central business district (CBD) Asset class Commercial, A Grade GLA 57 548m2 Valuation FY22 R834.6 million Vacancy 6.2% Rental levels per m2 R140 to R165 Standard Bank, EXL Services South Africa, Innovation Group, Proxispace, AnyVan South Top tenants African,
Slide 5: The Towers continued
The Towers continued OFFICE Comfort and convenience Landmark building in the heart of Cape Town’s CBD Office space for 2 800 people, 2 000m2 of retail space, 1 600 parking bays Open-air public space on Hertzog Boulevard Surrounded by public transport (MyCiti hub, train station and taxi r
Slide 6: The Towers continued
The Towers continued OFFICE Densification rationale Efficient columnless space for office design Water Increased occupants per floor, with increased lettability to international BPO and call centre-type tenancies Groundwater harvested and reticulated to ablutions within Addresses the gro
Slide 7: Convention Tower
Convention Tower 23 OFFICE Location Cape Town CBD Asset class Commercial, P Grade GLA 16 720m2 Valuation FY22 R308.0 million Vacancy 16.0% Rental levels per m 2 R140 to R155 Webber Wentzel, Premier Fishing SA, Government, Hollard Insurance, BBAP Top tenants Services, South African Institute of Chart
Slide 8: Convention Tower continued
The Towers Tower continued Convention OFFICE Outstanding location and design Iconic office building in Foreshore, adjoined to Cape Town International Convention Centre World-class design, technology and connectivity Spectacular views of the city, harbour, ocean and Table Mountain Easy ac
Slide 9: Convention Tower continued
The Towers Tower continued Convention OFFICE Green features Lighting Water The LED lighting lux levels in office areas are calculated with Propelair toilets consideration to the natural daylight Aerator taps in bathrooms LED lighting in parking garage and common areas Smart water mete
Slide 10: ParkONE
ParkONE 3 OFFICE Location Century City Precinct Asset class Commercial, A Grade GLA 6 200m2 Valuation FY22 R86.5 million Vacancy 0% Rental levels per m 2 R135 to R146 Internet Solutions Digital, Solvem Consulting, Asilia Lodges and Camps, Transaction Top tenants Junction, OpComms HQ, Vamed Healthcar
Slide 11: ParkONE continued
The Towers ParkONE continued OFFICE A modern sanctuary Four-floor, terraced office building in a central setting surrounded by canal waterways Views over Intaka Island (nature reserve) to Table Mountain Customisable office space with high-speed fibre access Easy access to the N1 and N7 h
Slide 12: Heron Place
Heron Place 3 OFFICE Location Century City Precinct Asset class Commercial, A Grade GLA 4 341m² Valuation FY22 R51.2 million Vacancy 1.2% Rental levels per m 2 R121 to R128 South Africa Agency for Promotion of Top tenants Petroleum, Solution Amped, B Volume, Coffee Excellence Parking ratio 4 bays/10
Slide 13: Heron Place continued
The Towers Heron Place continued OFFICE Old-school charm meets modern convenience Three-floor office building in a central setting Customisable office space with high-speed fibre access Private balconies and serene courtyard Ample natural sunlight and ventilation via large windows and sl
Slide 14: Brackengate 2, Mainland, Stikland, Triangle
Brackengate 2, Mainland, Stikland, 4 INDUSTRIAL Triangle A growing precinct A joint venture (JV) development between Redefine and VDMV Property Holdings (VDMV), Brackengate 2 is situated where the R300 converges with Bottelary Road, next to Stikland and Brackenfell Established during 2016, the
Slide 15: Brackengate 2, Massmart DC
Brackengate 2, Massmart DC INDUSTRIAL Location Northern suburbs, Cape Town Asset class Modern logistics GLA 52 601m2 Valuation FY22 R275.6 million (50.1% ownership) Vacancy GLA 0% Rental levels per m 2 R79 Tenant Massmart Proprietary Limited Coverage 52.03% Green Star rating Enrolled for 2024 Green
Slide 16: Brackengate 2, Massmart DC continued
The Towers 2, Massmart DC continued Brackengate INDUSTRIAL Strategically located, expertly developed Business park in Brackenfell – ideal for data centres, warehousing (including retail warehousing), logistics and distribution, and light manufacturing enterprises Massmart DC Western Cape serve
Slide 17: Brackengate 2, Massmart DC CoCT wheeling project
Brackengate 2, Massmart DC INDUSTRIAL CoCT wheeling project Redefine is participating in the CoCT’s first electricity wheeling pilot project that enables independent power producers to sell electricity through the city’s distribution grid. Redefine has identified Blue Route Mall, Kenilworth Centre a
Slide 18: Brackengate 2, new development Herholdt's Group
Brackengate 2, new development INDUSTRIAL Herholdt’s Group The Heroldt’s Group development, which represents a R64.5 million investment by Redefine and VDMV, is the newest addition to the precinct and will be completed during the first quarter of next year. The development is enrolled for a Level 1
Slide 19: Kenilworth Centre
Kenilworth Centre 5 RETAIL Location Southern suburbs, Cape Town Asset class Regional shopping centre GLA 52 752m2 Valuation FY22 R1.5 billion Vacancy 0% Rental levels per m 2 R214 Pick n Pay, Massmart, Woolworths, Checkers, Top tenants Volkswagen, Foschini, Dis-Chem, Virgin Active, Mr Price, Pepkor
Slide 20: Kenilworth Centre continued
The Towers Centre continued Kenilworth RETAIL A regional delight Since 1975, Kenilworth Centre has developed and grown into one of Cape Town’s most iconic community shopping malls Mix of 120 leading South African retailers, small businesses, restaurants and coffee shops Strong tenant retent
Slide 21: Kenilworth Centre continued: Demographic overview
The Towers Centre continued Kenilworth RETAIL Demographic overview: Dwelling density modelling Where are the people? The catchment area is home to 34 formal shopping centres which accounts for ±334 105m² GLA formal retail space Kenilworth Centre with its ±48 941m² GLA is the largest centre in
Slide 22: Kenilworth Centre continued: Green features
The Towers Centre continued Kenilworth RETAIL Green features MyCiti bus station Lighting In discussion: Proposed MyCiti bus stop at the centre Planned construction to commence 2024 for completion 2025/2026 LED in most areas, including tenant areas Tenants are encouraged to consider LED l
Slide 23: Kenilworth Centre rooftop garden
Kenilworth Centre rooftop garden RETAIL Focus area: Community Handpicked City Farm In association with the Mr Price Foundation, Fresh Life Produce and SA Urban Food & Farming Trust/Oranjezicht City Farm The rooftop garden occupies 1 595m2 of rooftop space Two farmers/agriculturalists manage
Slide 24: Blue Route Mall
Blue Route Mall 6 RETAIL Location Southern Suburbs, Cape Town Asset class Regional shopping centre GLA 57 340m2 Valuation FY22 R1.5 billion Vacancy 0% Rental levels per m2 R211 Checkers, Woolworths, Foschini, Retailability, Top tenants Pepkor, Mr Price, Ster Kinekor, Dis-Chem, Toys R Us, Truworths 1
Slide 25: Blue Route Mall continued
The Towers Blue Route Mall continued RETAIL Modern comfort Blue Route Mall is modern shopping centre that showcases the natural light and scenery of the surrounding area Mix of over 120 leading South African retailers, small businesses, restaurants and coffee shops Tenant retention and long
Slide 26: Blue Route Mall continued: Demographic overview
The Towers Blue Route Mall continued RETAIL Demographic overview: Dwelling density modelling Where are the people? The catchment area is home to 35 formal shopping centres (including Blue Route Mall), which account for 307 918m² GLA formal retail space Blue Route Mall with its 57 340m² GLA is
Slide 27: Blue Route Mall continued: Green features
The Towers Blue Route Mall continued RETAIL Green features Lighting LED lighting installed in open car park and mall common areas LED lighting and intelligent sensors installed in undercover parking Tenants are encouraged to consider LED lighting solutions (during tenant fitouts) Smart o
Slide 28: Black River Office Park
Black River Office Park 736 OFFICE Location Observatory Asset class Commercial, P Grade GLA 49 463m2 Valuation FY22 R977.3 million Vacancy 20.0% Rental levels per m 2 R150 to R165 Dimension Data, Ricoh, Primedia Outdoor, Adidas, Sunglass Hut, Asics, vida e caffè, Top tenants The Mill and Press Café,
Slide 29: Black River Office Park continued
The Towers Black River Office Park continued OFFICE Connectivity, security and sustainability An ultramodern landmark development located in vibrant and prosperous Observatory Unique combination of office and retail space Easy access to the N1, N2 and M5 highways Located on the main bus
Slide 30: Black River Office Park continued
The Towers Black River Office Park continued OFFICE Green features Redevelopment Climate control North Courtyard: Create a more inviting and social area to improve general appeal and tenant attraction Performance glass and balcony overhangs reduce heat and Formalisation of the heritage area
Slide 31: Wembley Square
Wembley Square 836 OFFICE Location Gardens Asset class Commercial GLA 32 570m² Valuation FY22 R693.0 million Vacancy 0% Rental levels per m 2 R180 to R185 (office space) Amazon, Virgin Active Gym, Vida e caffè, Top tenants Knead Bakery, Dermalogica, Furr Hair, Wembley Medi Spa, Urban Beauty Lounge,
Slide 32: Wembley Square continued
The Towers Wembley Square continued OFFICE Sophisticated mixed-use space Cleverly designed precinct comprising three buildings (of which two offer commercial space) Easy access to N2 highway and public transport Beautifully landscaped pause areas State-of-the-art security systems Secu
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