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Our differentiators

FOCUS ON CONVENIENCE RETAIL

A particular strength of SAC’s retail portfolio is the attractiveness of our convenience shopping which comprises 42% retailers of essential goods and services. Our success in attracting national supermarket chains is demonstrated by the quantum of the grocer occupancy, which is more than 26% of retail GLA. This is complemented by food services such as butchers, food speciality stores and liquor stores comprising a further 9% of total GLA. The grocer offering and food services are selected with a view to satisfy the unique demand in the catchment area and is complemented with a strong wellness and pharmaceutical tenancy as well. These offerings have been well received by our customers and will be increased further during 2022.

GROWTH OF ATHLEISURE

The demand for casual wear and sports wear have soared during the Covid-19 pandemic, with more people working from home and a renewed focus on fitness and health. Athleisure, a hybrid of workout clothes and loungewear, has become a defining trend. The Adidas brand expanded their store in East Point Shopping Centre by 225m2, with the new, expanded store relaunched at the end of January 2022. Furthermore, we are seeing high demand for athleisure brands. In particular, the Adidas and Nike stores will be expanding by 200m2 and 300m2 respectively in the rebuilt Springfield Value Centre, which will open for trade on 1 September 2022.

ENHANCED RESIDENTIAL AMENITY OFFERINGS

With increasing competition, lifestyle enhancing amenities have become a key differentiator to attract residential tenants. Our broad range of amenities to enhance the Afhco offer to tenants include free Wi-Fi, gymnasiums, braai and other relaxation facilities, as well as laundries and transport services at various buildings for our tenants’ use and enjoyment. Even more exciting enhancements are planned for 2022.

FOCUS ON QUALITY LOGISTICS ASSETS

The acceleration in e-commerce during the Covid-19 pandemic has created unprecedented demand for high quality, modern logistics properties. The quality of the industrial portfolio has been refined by exiting poorer quality assets that do not meet the investment criteria, culminating in an industrial portfolio that comprises 74% logistics facilities.