INVESTOR SITE VISIT - The Vault
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INVESTOR SITE VISIT JUNE 2019
AT T A C Q | I N V E S T O R S I T E V I S I T
1 AGENDA
08:00 (sharp) Coach departs from Maxwell Business Centre [Maxwell Office Park, 37 Magwa Crescent, Waterfall City, Waterfall]
08:45 – 09:15 Lynnwood Bridge precinct [Daventry Street, Lynnwood Manor, Pretoria]
Stephanie’s for coffee and light breakfast
09:15 – 10:15 Lynnwood Bridge precinct [walk around the precinct, taking in the newly renovated area]
Debbie Theron – Head of asset management: office and mixed-use
Colette Curle – Property manager
10:15 Depart from Lynnwood Bridge
11:00 – 12:00 Warehouse tour [Waterfall Logistics Hub, Waterfall]
12:00 – 13:00 Deloitte head office construction site [Allandale interchange, Waterfall City, Waterfall]
13:00 – 13:45 Visit to Ellipse Waterfall Residential Show Unit [Mall of Africa, Waterfall City, Waterfall]
13:45 – 15:15 Maxwell Office Park, ATT House, 2nd Floor
Showcasing the Waterfall City model and finger lunch with pre-close update
15:15 – 16:00 Waterfall Corporate Campus
Walk around Waterfall Corporate Campus, tour of the Accenture building
16:00 Coach returns to Maxwell Office Park
NOTES
ATTACQ INVESTOR SITE VISIT JUNE 2019 1/
AT T A C Q | I N V E S T O R S I T E V I S I T
2 MAP OF SUROUNDING NEIGHBOURHOODS
LYNNWOOD
BRIDGE RETAIL
NOTES
/2 ATTACQ INVESTOR SITE VISIT JUNE 2019
AT T A C Q | I N V E S T O R S I T E V I S I T
3 LYNNWOOD BRIDGE PRECINCT OVERVIEW
Escape the ordinary at Lynnwood Bridge, the precinct that offers an experience like none other in Pretoria.
An extraordinary mixture of exclusive stores, hotel, gym, entertainment and dining.
Location and access
• Corner of Lynnwood and Daventry Roads in Lynnwood Manor,
Pretoria East and connected to Glenfair Boulevard via a
pedestrian bridge
• 35 minutes’ drive from OR Tambo International Airport
• Direct egress from the precinct onto the N1 freeway
Lynnwood Bridge Office
• PGLA of 46 717m²
• A-Grade offices with blue chip tenants such as Adams & Adams,
Aurecon and Citadel
• Two of the office buildings have received a 5 Green Star rating
(by design) from the GBCSA
Lynnwood Bridge Hotel
• PGLA of 7 946m²
• 205 luxury rooms
• Offers a breakfast buffet, coffee shop, sundowner bar and three
conference rooms as well as an exercise room and guests can
relax at the pool area during summer
The property has ample basement parking for retail and office
tenants as well as theatre visitors
NOTES
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AT T A C Q | I N V E S T O R S I T E V I S I T
4 LYNNWOOD BRIDGE RETAIL
Shopper profile
• Live entertainment in the piazza area
on a regular basis
11 378m² GLA • An exciting calendar of wine tasting,
Christmas carols, valentine’s function,
Median HH income bracket open air entertainment
between R29 000 and R51 000
LSM 7-10+ The property was designed by
Studio 3, developed by Atterbury
in 2011 and bought into the Attacq
stable upon listing in October 2013 Lynnwood Bridge Theatre
Age group
A superb classic concert hall, and optimally
16-24 14% Gender ‘tuned’ in terms of spatial acoustical properties.
25-34 18% Seats 400 people and hosts a variety of shows
57% female shoppers
35-49 31% from Afrikaans drama to classical music.
50+ 37%
43% male shoppers Atterbury Theatre also has a complete
Computicket office.
NOTES
/4 ATTACQ INVESTOR SITE VISIT JUNE 2019
AT T A C Q | I N V E S T O R S I T E V I S I T
5 LYNNWOOD BRIDGE RETAIL
13
4
4
27
CATEGORY BY % 11 As at 31 March 2019
GROSS RENTAL Average rent per PLGA m² per
2 month: R259/m2
3 WALE: 2.3 years
3
33 Vacancy (by PGLA): 1.5%
Lease expiry profile (m²) (175m²)
Accessories, Jewellery & Watches Number of stores: 24 stores
8 000
Electronics
Monthly trading density:
Food R5 011/m²
6 000 Food Service
Rent to turnover ratio: 5.5%
Health & Beauty
Building valuation: R368.9 m
Homeware, Furniture & Interior
4 000
Non-turnover Generating Stores
Speciality
2 000 Sport Utilities
Sportswear & Outdoor
0
Month to 2019 2020 2021 2022 2023+
month
NOTES
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AT T A C Q | I N V E S T O R S I T E V I S I T
6 GLENFAIR BOULEVARD RETAIL
Glenfair Boulevard is situated in a well-established affluent area.
This community shopping centre has been a mark of convenience for the past 50 years.
• One stop Intercare Medical Centre: doctors, dentists, pathologist,
radiology, physiotherapy, optometrist
• Anchor and national tenants: SuperSpar, Checkers, Dis-Chem,
Spur, Absa Bank
• Restaurant options: Steers, Fishaways, Debonairs, Spur, Wimpy,
Château Gâteaux and Birillo
NOTES
/6 ATTACQ INVESTOR SITE VISIT JUNE 2019
AT T A C Q | I N V E S T O R S I T E V I S I T
7 GLENFAIR BOULEVARD RETAIL
Shopper profile
15 927m² GLA
941 free parking bays and
recycling facilities for the public
The property was revamped under
the guidance of Studio 3 in 2009,
followed by the addition of Dis-Chem
in 2012 and bought into the Attacq
LSM 7-10+ stable upon listing in October 2013. In
addition, SPUR was added to the
offering in 2014.
Age group
16-24 3% Gender
25-34 9% 57% female shoppers
35-49 31%
43% male shoppers
50+ 57%
NOTES
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AT T A C Q | I N V E S T O R S I T E V I S I T
8 GLENFAIR BOULEVARD RETAIL
Social Corporate Initiatives
20 2 As at 31 March 2019
7
2 PGLA: 15 951m²
11 Average rent per PGLA m² per
14
CATEGORY BY % month: R252/m²
GROSS RENTAL 1
21 WALE: 2.1 years
1
Vacancy (by PGLA):
13 1.1% (174m²)
26
Number of stores: 58
Monthly trading density:
Accessories, Jewellery & Watches
Lease expiry profile (m²) R5 000/m²
Apparel
5 000 Rent to turnover ratio: 4.9%
Books, Cards, Stationery
Electronics Building valuation: R491.0 m
4 000
Eyewear & Optometrists
3 000 Food
Food Service
2 000 Health & Beauty
Homeware, Furniture & Interior
1 000
Non-turnover Generating Stores
0 Services
Month to 2019 2020 2021 2022 2023+ Speciality
month
NOTES
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9 DEVELOPMENTS AT WATERFALL
Waterfall Masterplan
NOTES
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10 INDUSTRIAL DEVELOPMENT
Amrod
PGLA: 37 937m²
Valuation: R410.1 million
Building includes the warehouse and office
Specialised racking Amrod
Expansion opportunity
Example of consolidation
NOTES
/ 10 ATTACQ INVESTOR SITE VISIT JUNE 2019AT T A C Q | I N V E S T O R S I T E V I S I T
11 DEVELOPMENTS UNDER CONSTRUCTION
Deloitte Head Office
PGLA: ±42 500m²
Land Parcel 10
Segment: Office Deloitte
50.0% JV with Atterbury
Completion date: Quarter 3 FY20
Corporate consolidation
Targeting Silver LEED certification
2.1 million man hours spent on the project and
lost time injury free
50 000m³ of concrete used at Deloitte, equating
to 8 333 concrete trucks. If parked end to end
the queue would stretch to 58km
20 000m² of formwork was used. This is the
equivalent of 29 soccer fields
13 000m² of backfilling required on the project –
enough to fill 5.5 Olympic sized swimming pools
4 884 tons of steel reinforcing which is the
equivalent of 814 male elephants or 5 426
Springbok scrums
605 doors – including shower doors
15 lifts and 4 escalators to transport the
employees and visitors
NOTES
ATTACQ INVESTOR SITE VISIT JUNE 2019 11 /AT T A C Q | I N V E S T O R S I T E V I S I T
12 DEVELOPMENTS UNDER CONSTRUCTION | CONTINUED
Waterfall Corporate Campus
PGLA: ±30 000m²
Land Parcel 10B
Corporate
Six buildings Campus
Segment: Office
50.0% JV with Zenprop
All buildings targeting four star GBCSA
(by design) green rating
Completed
• Building 1 (5 868m²) – 100% leased
• Building 2 (6 430m²) – 70% leased
• Building 3 Accenture (3 970m²)
– 100% leased
Under construction
• Building 4 (4 526m²) – spec, Quarter 2 FY20
• Building 5 ContinuitySA (5 530m²) – 100%
leased, completion date: Quarter 2 FY20
NOTES
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13 DEVELOPMENT PIPELINE
Ellipse
Develop to sell residential units
Ellipse
Land Parcel 10
50.0% JV with Tricolt
Segment: residential
Phased development
• Phase 1: Two towers, 272 units
• Phase 2: Two towers, ±348 units
Targeting four star GBCSA green rating
NOTES
ATTACQ INVESTOR SITE VISIT JUNE 2019 13 /AT T A C Q | I N V E S T O R S I T E V I S I T
14 DISCLAIMER
This presentation and any materials distributed in connection with this presentation may include certain forward-looking statements, beliefs or opinions, including
statements with respect to the company’s business, financial condition and results of operations. These statements, which contain the words “anticipate”,
“believe”, “intend”, “estimate”, “expect”, “forecast” and words of similar meaning, reflect the directors’ beliefs and expectations and involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future. No representation is made that any of these statements or
forecasts will come to pass or that any forecast results will be achieved. There are a number of factors that could cause actual results and developments to differ
materially from those expressed or implied by these statements and forecasts. Past performance of the company cannot be relied on as a guide to future
performance. Forward-looking statements speak only as at the date of this presentation and the company expressly disclaims any obligations or undertaking to
release any update of, or revisions to, any forward-looking statements in this presentation. No statement in this presentation is intended to be a profit forecast. As
a result, you are cautioned not to place any undue reliance on such forward-looking statements.
This document speaks as of the date hereof. No reliance may be placed for any purposes whatsoever on the information contained in this document or on its
completeness, accuracy or fairness. This information is still in draft form and has not been legally verified. The financial information included herein is in draft form
and unaudited. The company, its advisers and each of their respective members, directors, officers and employees are under no obligation to update or keep
current the information contained in this presentation, to correct any inaccuracies which may become apparent, or to publicly announce the result of any
revision to the statements made herein except where they would be required to do so under applicable law, and any opinions expressed in them are subject to
change without notice. No representation or warranty, express or implied, is given by the company, or any of its subsidiary undertakings or affiliates or directors,
officers or any other person as to the fairness, accuracy or completeness of the information or opinions contained in this presentation and no liability whatsoever
for any loss howsoever arising from any use of this presentation or its contents otherwise arising in connection therewith is accepted by any such person in
relation to such information.
NOTES
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15 QR CODE
Investor site visit
NOTES
ATTACQ INVESTOR SITE VISIT JUNE 2019 15 /AT T A C Q | I N V E S T O R S I T E V I S I T
16 CORPORATE INFORMATION
01 02 03
Independent non-executive directors Executive directors Company secretary
P Tredoux MM du Toit M Hamman (CEO) P de Villiers (interim)
(Chairman) IN Mkhari R Nana (CFO)
HR El Haimer BT Nagle JR van Niekerk (COO)
(Lead independent) S Shaw-Taylor
JHP van der Merwe
04 05 06
Attacq Limited Registered office Postal address
(Incorporated in the Republic of South Africa) ATT House, 2nd Floor PostNet suite 016
(Registration number 1997/000543/06) Maxwell Office Park Private Bag X81
JSE share code: ATT ISIN: ZAE000177218 37 Magwa Crescent Halfway House
(Approved as a REIT by the JSE) Waterfall City 1685
(Attacq or the company or the group) 2090
07 08 09
Transfer secretaries Sponsor Contact details
Computershare Investor Services (Pty) Ltd Java Capital Head of Investor Relations: B Botha
Rosebank Towers, 15 Biermann Avenue, Landline number: 087 845 1112
Rosebank, 2196 brenda@attacq.co.za
(PO Box 61051, Marshalltown, 2107)
NOTES
/ 16 ATTACQ INVESTOR SITE VISIT JUNE 2019ATT House, 2nd Floor, Maxwell Office Park, 37 Magwa Crescent, Waterfall City, 2090
+27 87 845 1101 | reception@attacq.co.za
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