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Investor Site Visit REDEFINE PROPERTIES LIMITED Investor site visit Retail Wednesday, 24 July 2019 ELDORAIGNE 3 DIE HOEWES R55 R101 N14 CENTURION MALL WIERDAPARK Agenda CENTURION HENNOPSPARK2 N1 RUIMTE RD CENTURION LIFESTYLE CENTRE N14 R511 ROOIHUISKRAAL R21 N14 OLD PRETORIA RD R55 SUMMIT RD MAIN RD NOORDWYK OLIFANTSFONTEIN RD N1 1 R562 R511 R101 KYALAMI CORNER R21 MIDRAND CEDAR RD TEMBISA WILLIAM NICOL DR R55 FOURWAYS LONE HILL WITKOPPEN RD Kyalami CornerSUNNINGHILLCenturion Lifestyle Centre Centurion Mall N1 WESTERN BYPASS 1 WOODMEAD Kyalami Corner 3 Asset type Small regional shopping centre Location Kyalami, Johannesburg GLA 27 968sqm Property valuation R710m Occupancy 94.6% Number of tenants 82 Checkers Anchor tenants Woolworths Virgin Active Average monthly footfall 300 000 Annual turnover R583m Annual mall trading density R31 003 Annual spend per head R2 242 Parking 1 257 bays Redefine investor site visit | Retail – July 2019 About us The new Kyalami Corner shopping centre, opened in April 2017, resonates with the retail, lifestyle and social aspirations of the Kyalami community and surrounding areas. Accessed from both the R55 and Main Road, the centre offers ample free parking and a design that is elegant and energy-efficient, blending perfectly with the natural, equestrian character of the area. The centre is home to Woolworths Food and Checkers stores, as well as Clicks, MICA, and Virgin Active gym. For discerning foodies, the centre offers a choice of restaurants including Jackson’s Real Food Market, The Baron, Piza e Vino, Salsa Mexican Grill, Mugg & Bean, The Rock Diner, Yasong Chinese Food and Hello Tomato among others. Leasing updates Future leases entered into with: Dis-Chem Fine and Country Estate Agency Easy Life Kitchens Ocean Basket Mochachos Miladys 5 Future plans Extend the mall to accommodate Dis-Chem Connect the upper level with lower level where Checkers is currently located Build a children’s play area Invest in infrastructure in non-GLA areas such as LED screens, billboards and promotional courts Upgrade pause areas in the centre Lease prospects Ackermans Mozambik Seattle Coffee Redefine investor site visit | Retail – July 2019 Notes 7 Centurion Lifestyle Centre 9 Asset type Regional shopping centre Location Tshwane, Gauteng GLA 62 297sqm Property valuation R1.03bn Occupancy 97.2% Number of tenants 81 Pick n Pay Mr Price Home Anchor tenants Checkers Virgin Active Decathlon Annual turnover R1.02bn Annual mall trading density R25 485 Parking 1 597 bays Redefine investor site visit | Retail – July 2019 About us Centurion Lifestyle Walk The new R67.6m development was completed in February 2019, with Stodels as the first tenant starting to trade in July 2018. Decathlon followed in December 2018 with Jonsson Workwear commencing trading in February 2019. Leasing updates 10 year extension on Checkers existing lease Future plans Create a mall from Checkers directly to the parking Reconfigure traffic flow to the new Checkers mall Cover existing mall between Checkers and Mr Price 11 Redefine’s largest solar PV plantinstallation LAST 12 MONTHS Plant size (capacity) Annual kWh production 2 925 kWp 4 305 360 Capex Savings from solar plant R33.6 million R5 291 637 Panel count 9 000 modules Carbon emissions saved 4 090 Redefine investor site visit | Retail – July 2019 Notes 13 Centurion Mall 15 Asset type Super regional shopping centre Location Tshwane, Gauteng Retail GLA 117 800sqm Office GLA 12 200sqm Total GLA 130 000sqm Property valuation R4.6bn Occupancy 96% Development cost R1.06bn Number of tenants 216 Woolworths Game Anchor tenants Pick n Pay Dis-Chem Checkers Average monthly footfall 1.2m Annual turnover R2.54bn Annual mall trading density R30 326 Annual spend per head R2 129 Parking 5 830 bays Redefine investor site visit | Retail – July 2019 About us Initially established in 1983, Redefine Properties completed a redevelopment of Centurion Mall over three phases. The mall is situated in the heart of the Centurion CBD, approximately 15 minutes from both Pretoria and Midrand. It is conveniently located close to the N1 highway on route to Johannesburg, and easily accessible from the highway via the John Vorster offramp. In addition, the Centurion Gautrain station is within walking distance from the mall, making it easy for shoppers to reach the mall on foot, or via Gautrain buses or cabs. 17 Centurion Mall redevelopment Phase 1 Phase 2 Woolworths extension Development of a new mall from main spine to Pick n Pay Banking Mall upgrade A new promotions atrium was created, Completed: November 2015 together with a new Dis-Chem The South Street entrance, mall and facade directly adjacent A general upgrade to all finishes was to the parking was enhanced to create an impressive sense also undertaken of arrival with a new feature atrium A new entrance, featuring a canopy, The roof over the escalator to the lower level was upgraded was built from the external parking with a new feature canopy New GLA was created at the upper level mall, adjacent to Game and Wimpy New mall and atrium extension – upper mall New eastern mall entrance Redefine investor site visit | Retail – July 2019 Phase 3 Upgraded the existing Checkers mall, which includes Popular restaurants were retained and some a Blue Label Checkers of 7 300sqm repositioned around the food court area and new will be added around the redesigned food court area Upgraded the existing spine with a new H&M anchor store at the Checkers entrance with a new entrance design feature New Planet Fitness gym was opened under exterior upper parking with a link into the mall The ground floor extension of the spine with new escalators connecting to lower ground retail include the following: Extended mall to accommodate DionWired – New iStore (relocated) – New Mugg & Bean – High fashion branded stores – New model Exclusive Books – Renovation of Ster-Kinekor New mall extension – interior view H&M new entrance to Checkers mall from spine 19 Refurbishment before and after South Road facade Ground floor spine Redefine investor site visit | Retail – July 2019 Bayside Entrance 7 21 Future plans Introduce more landscaping and a shade structure Add a children's play area Closure of Gordon Hood Road alongside Checkers entrance to incorporate additional parking Create and manage a park-like area adjacent to the lake Commenced development of a new formal taxi rank to relocate South Road taxis. Completion expected March 2020 Potential bridge connection to the Gautrain station Redefine investor site visit | Retail – July 2019 Notes 23 Notes Redefine investor site visit | Retail – July 2019 25 www.redefine.co.za.
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