FOCUS ON CONVENIENCE RETAIL
Convenience shopping, which includes retailers of basic goods and services, is a particular strength of SA Corporate’s retail portfolio. Grocery stores, pet stores, pharmacies, general dealers, butcheries, liquor stores and hardware stores, comprise 59.2% of the retail portfolio. This offering is complemented by a variety of clothing and athleisure offerings.
ATTRACTIVE RESIDENTIAL PORTFOLIO
Most Afhco buildings now supply electricity to lifts, water pumps, common area lighting, access control, Wi-Fi, and other key building infrastructure during loadshedding or other power outages. The ability to provide tenants with as much uninterrupted energy supply as possible has contributed to the low vacancies. The inner-city portfolio also has a range of amenities and additional security through state-of-the-art CCTV cameras at certain buildings. Furthermore, Afhco has also undertaken projects to beautify and pedestrianise selected precincts, with the latest project being the imminent pedestrianisation of Davies Street. Amenities to be introduced in 2023 include an indoor gym at Jeppe Post Office.
ENHANCED AMENITY AND LIFESTYLE ATTRACTIONS
Free Wi-Fi, gyms, braai and other relaxation areas, as well as laundry and transportation services are just a few of the many amenities we offer to enhance the services that Afhco provides to inner city residential tenants. Significant upgrades have also been completed on lifestyle elements in certain properties within the suburban residential portfolio, with the upgrade of courtyards, installation of synthetic turf sport fields with lighting, and children’s amenities, to mention a few. We have further introduced popular lifestyle attractions at our shopping centres. An example of this are the six padel tennis courts, a golf simulator restaurant and bar, a family restaurant with extensive children’s play areas, a street soccer facility and a skatepark recently introduced at Morning Glen Mall and available from May 2022.
FOCUS ON QUALITY LOGISTICS ASSETS
Modern, large logistics properties continue to be in short supply in the country and currently comprise 80% of SA Corporate’s industrial portfolio. Tenant retention requires that management consider additional endeavours to provide value-add amenities to secure renewals. One such endeavour is the installation of solar PV - an additional 1 882kWp has been procured in 2022, with a further pipeline of 1 625kWp solar PV being designed for installation in 2023.
MINIMAL EXPOSURE TO OVERSUPPLIED OFFICE SECTOR
Less than 2% (by value and GLA) of the total portfolio is made up of offices, which means that SA Corporate has minimal exposure to this sector. Vacancies in the remaining buildings are kept to a minimum, with only 8.6% vacant space in the standalone office segment.
GROWTH OF ATHLEISURE
Athleisure, a hybrid of workout clothes and loungewear, has become a defining trend. We are seeing high demand for athleisure brands in our Springfield Value Centre and East Point Shopping Centre.