Retail Portfolio


Our shopping centres are strongly rooted in each of their communities and regions.Practising corporate social investment on multiple levels, our centres support many charity and welfare organisations, relevant social causes and community building initiatives. Amongst these is the Growsmart ( literacy initiative which won several international awards during the year.

Key performance areas.

Gross property revenue (R' million)1,5761,441135
Property expenses (R' million)-439-40138
Net property income (R' million)1,13710497
Property expense ratio (%)27.927.80.1
Vacancies (R' million)
Arrears (R' million)
Bad debt provision (R' million)
Average gross rental (R per m2/month)13312211
Budget forward yield (%)8.38.7-0.4
Average in-force escalation (%)7.77.70

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