Retail Portfolio

overview

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 (www.growsmart.org.za) literacy initiative which won several international awards during the year.

The table below gives a cross sectional view of the retail portfolio as at 31 December 2011.

Retail Sub ClassNumber of propertiesGLA m²Value RmValue /m² (excl. bulk)
Regional Shopping Centres12506,7717,658.8015
Community Shopping Centres13297,5473,455.2011,613
Neighbourhood Shopping Centres18123,448910.30732
Retail Warehouses13,91411.64297
Speciality Centres213,543135.4010
Total Retail48945,78212,879.001,287
Other5609.60
The geographical analysis of the retail portfolio by value and GLA is depicted below.
As the lease expiry profile as at 30 June 2009 shows, close to 50% of existing leases expired after 3years. The expiry profile gives Growthpoint the security of long term tenancy while also providing the opportunity to benefit from the short term expires.