Mixed-use precincts
Increase non-GLA revenue
Assess and reposition malls
Drive positive growth in trading
densities
Provide a range of retail, entertainment and related services to residents and workers within mixed-use precincts
Optimise tenant mix based on market needs
Improve mall relevance through the introduction of new brands to South Africa and our malls
Reduce occupancy costs, including cost savings from environmentally friendly projects
Identify alternative uses for assets to improve performance
EASTERN EUROPE
Improve dominance
Leverage SA expertise
Formalise growth strategy
Provide a range of retail, entertainment and related services to residents and workers within mixed-use precincts
Asset management initiatives and mall extensions to grow portfolio value and optimise tenant mixes
Apply SA skills and expertise to drive returns and improve operating efficiencies
Higher levels of collaboration between divisions and malls, which should result in improved efficiencies
NON-TANGIBLE ASSETS
Embrace digital disruption
Formalise and implement
non-tangible asset strategy
Embrace and develop relevant non-tangible assets affecting our markets
Use of technology to improve efficiencies
Improve interaction with shoppers whose needs and shopping habits are changing the way we and our tenants approach our businesses
Embrace online retailers and provide facilities for them to distribute their products via our malls
Invest in the development of technologies in the retail, property and infrastructure spaces that will have a direct impact on our business
GROUP
Reduce LTV ratio and restore
investment grade credit rating
Cash-backed distributions
New skills at board and
operational level
Improve stakeholder
communication
Evaluate alternative ways to restore investment grade credit rating (reduce the group’s LTV ratio)
Strengthen the balance sheet by optimising capital allocation and distribution ratio
Distributions only paid from cash-backed earnings
Maintain adequate liquidity/borrowing capacity to refinance short-term debt
Appoint staff with appropriate skills to ensure strategy implementation
