Our retail portfolio received the IPD Award for highest annualised total return over the past three years, measured against listed and unlisted funds within the IPD benchmark group. It delivered an 18.9% total return, outperforming the IPD retail benchmark of 14.5%.
Water efficiency, renewable energy, energy security, energy efficiency, and waste management are a focus in our retail sector. During the year we advanced various innovative sustainable projects at our shopping centres. We installed 17 rainwater tanks at Walmer Park in Port Elizabeth, which collect water run-off from the mall’s rooftops. The rainwater tanks provide a total capacity of 110 000 litres, and are used to supply water to our landscaped gardens and the mall’s car wash.