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 30 June 2018.

PGLA Valuation Value
Property name Location Key Tenants m2 R’000 R/m2
Brooklyn Mall* Pretoria Checkers, Dis-Chem, Game, Woolworths 18 773 694 000 36 968
Eikestad Mall** Stellenbosch Checkers, Game, Food Lover’s Market, Woolworths 37 872  939 017 24 794
Garden Route Mall George Dis-Chem, Edgars, Game, Pick n Pay, Woolworths 53 813 1 428 565 26 547
Glenfair Boulevard Pretoria Dis-Chem, Shoprite Checkers, SuperSpar 15 951 472 739 29 637
Lynnwood Bridge – Retail Pretoria Planet Fitness, Safari and Outdoor Warehouse, Woolworths 11 378 360 797 31 710
Mall of Africa** Waterfall Checkers Hyper, Game, Edgars, Woolworths 99 770 4 480 000 44 903
MooiRivier Mall Potchefstroom Checkers, Edgars, Game, Woolworths
49 696 1 193 927 24 025
Newtown Junction^ Johannesburg Pick n Pay, Shoprite Checkers, Ster Kinekor
33 653 499 525 14 843
Waterfall Corner Waterfall Checkers, Woolworths 9 582 221 688 23 136
Waterfall Lifestyle Waterfall Bounce, Virgin Active
7 139 133 498 18 700
Total 337 627
10 423 756
30 874

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 Group Five 25 525 231 158 9 056
Allandale Building Waterfall Cummins, Trans-Africa Projects, WiseTech Global 15 359 431 157 28 072
Brooklyn Bridge Office Park Pretoria Counsel Forum, SARS 23 525 554 802 23 584
Cell C Campus Waterfall Cell C
43 890 1 027 288 23 406
Gateway West Waterfall Sage South Africa, Spaces 13 803 370 809 26 864
Transnet Waterfall Transnet 24 354 631 857 25 945
Lynnwood Bridge – Aurecon Pretoria Aurecon
19 104 801 116 41 934
Lynnwood Bridge Pretoria Adams & Adams, BAT, Citadel, Sanlam
27 613 972 112 35 205
Maxwell Office Park* Waterfall Cipla, Colgate, Golder Associates, Premier Foods
18 423 561 984 30 504
Newtown Nedbank^ Johannesburg Nedbank
31 132 715 000 22 967
Novartis Waterfall Novartis 7 982 234 832 29 420
PwC Tower# Waterfall Pwc 36 461 1 312 763 36 005
The Majestic^ Johannesburg Nedbank 8 913 147 316 16 528
Corporate Campus – Building 1 Waterfall Isuzu Motors South Africa, Decision Inc 2 934 84 840 28 916
Total 299 018 8 077 034 27 012

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 7 946 212 534 26 747
City Lodge – Newtown^ Johannesburg 5 828 118 000 20 247
City Lodge – Waterfall Waterfall 5 744 115 294 20 072
Total 19 518 445 828 22 842

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 37 937 400 685 10 562
BMW Group SA Regional Distribution Centre Waterfall BMW 31 987 289 401 9 047
Dimension Data Waterfall Dimension Data 8 291 93 510 11 278
Dis-Chem Warehouse Waterfall Dis-Chem
8 518 83 329 9 783
Massbuild Distribution
Centre
Waterfall Massbuild 50 033 400 740 8 010
Torre Industries Waterfall Torre Industries 9 327 135 874 14 568
Total 146 093 1 403 539 9 607

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

Property name LP Anticipated Completion Date Effective % Pre-Let Estimated Capital Cost Estimate value on Completion Book value at
30 June 2018
PGLA# m2 (PGLA) R’000 R’000 R’000
Waterfall City
Deloitte Head Office* 10 Q3 FY20
21 250 100.0 852 344 ** 141 743
Waterfall Corporate Campus – building 2* 10B Q3 FY19 3 215 75 827 78 766 21 392
Waterfall Corporate Campus – Accenture* 10B Q2 FY19 1 932 100.0 53 630 66 494 36 778
Waterfall Point^ – pre-sold building 15 Q3 FY19 2 339 Pre-sold 56 426 63 185
Waterfall Point^ – two buildings held for sale 15 Q3 FY19 4 678 Inventory 112 853 141 796 42 484
Waterfall Point – invetment property building 15 Q3 FY19 2 339 56 426 63 391 23 616
The Ingress – phase 1 10 Q2 FY19 8 731 50.1 241 753 ** 31 075
Waterfall Logistics Hub
Cummins South Africa’s regional office* 9 Q2 FY19 8116 100.0 108 952 111 701 65 649
Pirtek^^ 8 Q3 FY19 2 926 Pre-sold 29 354 34 200
Superga/Kappa 8 Q4 FY19 4 657 100.0 42 810 ** 11 968
Midi Warehouse 8 Q4 FY19 5 296 48 685 ** 14 221
Total 65 479 >75.0 1 679 060 n/a 388 926

* Values provided above reflect Attacq’s undivided share in the building: 50.0%.
# Estimated PGLA for Attacq’s attributable share of development. Subject to change upon final remeasurement post-completion.
^ The estimated value on completion of pre-sold and inventory is indicative of sales proceeds and not of an external valuation.
^^ Classified as inventory, the estimated value on completion equals the sales value, not externally valued.
** Not externally valued due to early stage of construction as at 30 June 2018.

MAS REAL ESTATE

REST OF AFRICA RETAIL INVESTMENTS