DIVERSIFIED INVESTMENT PORTFOLIO

Attacq’s creative approach to local and international real estate investments, positions the company well to deliver exceptional and sustainable growth. The mix between investing in emerging and established hard currency markets, diversifies the portfolio and stands the company in good stead going forwards.

The company has a quality South African portfolio that includes investments in retail, hotel, office and mixed use and light industrial. Attacq’s developments in South Africa are in Waterfall City and Waterfall Logistics Hub, where Attacq has 975 468 m² of remaining developable bulk, of which 600 000 m² is serviced and has the appropriate development rights in place.

Attacq’s diversified portfolio includes a retail focused portfolio of investments in the rest of Africa (outside of South Africa) through AttAfrica Limited (“AttAfrica”). While an investment in MAS Real Estate Inc. (“MAS”) gives Attacq an entry point into western, central and eastern European markets. MAS are continuing to expanded their investment and development strategy, and their most recent acquisitions include properties in countries like Poland and Bulgaria.

QUALITY SOUTH AFRICAN PORTFOLIO

Attacq invests actively in South Africa and specifically Waterfall City, which is the crown jewel in our development portfolio. This introduces great opportunity, but also concentrates risk. By diversifying our investments within South Africa, as well as globally, we mitigate this risk and position ourselves to capture opportunities as they arise. Attacq’s South African portfolio is currently retail and office dominated, with exposure to the industrial and hotel sectors. The majority of the portfolio is located in Gauteng, with exposure to the Western Cape and North West provinces.

RETAIL

OFFICE AND MIXED-USE

HOTEL

LIGHT
INDUSTRIAL

SA PORTFOLIO BY PROPERTY SECTOR

Attacq’s real estate investment portfolio is geographically diversified. The portfolio provides a solid rental income stream, allowing Attacq to invest,
develop and grow its overall property footprint. The South African portfolio is currently retail and office dominated, with exposure to the industrial and hotel sectors. Majority of the portfolio is concentrated in Gauteng, while Attacq’s other three high quality malls are located in the Western Cape and North West provinces. The information in the portfolio tables below, is correct as at 31 December 2017.

PGLA Valuation Value
Property name Location Key Tenants m2 R’000 R/m2
Brooklyn Mall* Pretoria Checkers, Dis-Chem, Game, Woolworths 18 663 749 275 40 148
Eikestad Mall** Stellenbosch Checkers, Game, Food Lovers Market, Woolworths 37 872 902 069 23 819
Garden Route Mall George Dis-Chem, Edgars, Game, Pick n Pay, Woolworths 53 813 1 396 601 25 953
Glenfair Boulevard Pretoria Dis-Chem, Shoprite Checkers, SuperSpar 15 951 480 772 30 141
Lynnwood Bridge – Retail Pretoria Planet Fitness, Safari and Outdoor Warehouse, Woolworths 11 378 365 283 32 104
Mall of Africa** Waterfall Checkers Hyper, Game, Edgars, Woolworths 99 770 4 400 000 44 101
MooiRivier Mall Potchefstroom Checkers, Edgars, Game, Woolworths
49 696 1 175 156 23 647
Newtown Junction^ Johannesburg Pick n Pay, Shoprite Checkers, Ster Kinekor
33 653 560 200 16 646
Waterfall Corner Waterfall Checkers, Woolworths 9 582 225 623 23 547
Waterfall Lifestyle Waterfall Bounce, Virgin Active
7 139 135 807 19 023
Total 337 517
10 390 786
30 786

Values provided above reflect Attacq’s undivided share in the property: *25%; **80%
^ Attacq has a 50% interest in the company that holds City Lodge – Newtown and Newtown Junction. 100% of the PGLA and valuation shown above

PGLA Valuation Value
Property name Location Key Tenants m2 R’000 R/m2
2 EGLIN Sunninghill PwC
29 806 229 076 7 686
Allandale Building Waterfall Cummins, Trans-Africa Projects, WiseTech Global 15 359 427 924 27 861
Brooklyn Bridge Office Park Pretoria Counsel Forum, SARS 23 525 550 548 23 403
Cell C Campus Waterfall Cell C
43 890 1 002 936 22 851
Corporate Campus – Building 1 Waterfall Isuzu Motors South Africa, Decision Inc 2 934 78 011 26 589
Gateway West Waterfall Sage South Africa, Regus 13 481 357 436 26 514
Group Five Waterfall Group Five
28 261 683 015 24 168
Lynnwood Bridge – Aurecon Pretoria Aurecon
19 104 789 346 41 318
Lynnwood Bridge Pretoria Adams & Adams, BAT, Citadel, Sanlam
27 613 972 048 35 203
Maxwell Office Park* Waterfall Cipla, Colgate, Golder Associates, Premier Foods
18 423 552 864 30 009
Newtown Nedbank^ Johannesburg Nedbank
31 132 674 000 21 650
Novartis Waterfall Novartis 7 982 231 951 29 059
PwC Tower and Annex# Waterfall Pwc 33 917 1 254 802 36 996
The Majestic^ Johannesburg Nedbank 8 913 142 000 15 932
Total 304 340 7 945 957 26 109

Values provided above reflect Attacq’s undivided share in the building: *50; #75%
^ Attacq has a 50% interest in the company that holds Newtown Junction offices and The Majestic. 100% of the PGLA and valuation shown above

PGLA Valuation Value
Property name Location m2 R’000 R/m2
City Lodge – Lynnwood Pretoria 7 946 211 077 26 564
City Lodge – Newtown^ Johannesburg 5 828 114 000 19 561
City Lodge – Waterfall Waterfall 5 744 113 976 19 843
Total 19 518 439 053 22 495

Values provided above reflect Attacq’s undivided share in the property: *25%; **80%
^ Attacq has a 50% interest in the company that holds City Lodge -Newtown and Newtown Junction. 100% of the PGLA and valuation shown above

PGLA Valuation Value
Property name Location Tenants m2 R’000 R/m2
Amrod Waterfall Amrod 37 937 392 502 10 346
BMW Group SA Regional Distribution Centre Waterfall BMW 31 987 287 208 8 979
Dimension Data Waterfall Dimension Data 8 291 93 497 11 277
K101 Warehouse Waterfall 8 518 80 000 9 392
Massbuild Distribution
Centre
Waterfall Massbuild 50 033 387 606 7 747
Torre Industries Waterfall Torre Industries 9 327 134 243 14 393
Total 146 093 1 375 056 9 412

Values provided above reflect Attacq’s undivided share in the building: *50%
# Estimated primary gross lettable areas for Attacq’s attributable share of development. Subject to change upon final re-measurement post completion

PGLA# % Pre-Let Estimated Capital Cost
Property name Sector Completion Date m2 (PGLA) R’000
Cummins South Africa’s Regional Office* Industrial November 2018
8 116 100 112 970
River Creek (Deloitte Head Office)* Office January 2020
21 250 100 662 658
Waterfall Point Office December 2018
9 584 Sale pending 225 706
Total 38 950 100 1 001 334

Values provided above reflect Attacq’s undivided share in the property: *50%
#Estimated primary gross lettable areas for Attacq’s attributable share of development. Subject to change upon final re-measurement post completion

MAS REAL ESTATE

REST OF AFRICA: RETAIL INVESTMENTS