Hyprop Integrated Report 2015

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OPERATIONAL REVIEW
PROPERTY PORTFOLIO – SOUTH AFRICA
Geographical spread
Hyprop’s portfolio is dominated by retail property in high-income metropolitan areas, reinforcing its specialist profile as a shopping centre REIT. Year on
year, the number of retail properties decreased to 11 after disposing of CapeGate Lifestyle, CapeGate Value Centre and Stoneridge Mall. Developments
were completed at Rosebank Mall, Hyde Park Corner and Canal Walk.
2015 2014*
South African consolidated spread
Rentable area
m2
Revenue
R000
Rentable area
m2
Revenue
R000
Gauteng 438 405 1 491 825 403 323 1 193 779
Western Cape 341 667 1 125 317 377 816 1 023 911
Total 780 072 2 617 142 781 139 2 217 690
Retail 745 686 2 544 016 747 025 2 149 790
Office# 34 386 73 126 34 114 67 900
Total 780 072 2 617 142 781 139 2 217 690
* Excluding Rosebank Mall
# Standalone offices
52% 56%
44% 48%
O Western Cape
O Gauteng
Geographical spread by rentable area
2014 2015
4% 4%
96%
96%
O Retail
O Office
Asset type by rentable area
2014 2015
Tenant profile*
Tenants in our portfolio are categorised by grade, although these categorisations are largely subjective given the strong retail nature of the Hyprop
portfolio:
A grade: Large national tenants, large listed tenants and major franchisees (including all national retailers and tenants in large listed groups)
B grade: Smaller national and listed tenants, medium-sized franchisees, medium to large retailers
C grade: Smaller line stores (918 tenants)
Tenant profile % of rentable area % of income
A grade 65 52
B grade 20 28
C grade 15 20
* All co-owned included at 100%
36 Hyprop Investments Limited
Integrated Report 2015