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Hyprop Investments Limited
Integrated annual report and consolidated financial statements
2017
49
Property
portfolio – sub-Saharan Africa
(excluding SA)
IKEJA CITY MALL
2017
2016
Average rental
USD/m
2
Average rental
USD/m
2
Weighted average rental per m
2
54,3
56,3
Retail portfolio by category
% of total
rentable area
Department stores
4,7
Apparel
20,9
Food
23,6
Home furnishings
2,8
Sporting/outdoor
4,1
Food services
17,4
Other
26,5
Total
100
30 June 2017
30 June 2016
Vacancy profile
Total area
available for
leasing m
2
Rentable
area
%
Total area
available for
leasing m
2
Rentable
area
%
Vacancy profile
0
0,0
511
2,3
Tenant profile
% of
rentable area
% of
income
A grade
31,6
11,8
B grade
58,4
74,1
C grade (41 stores)
10,0
14,1
Lease expiry profile
By income
Year
2018
2019
2020
2021
2022
%
30
13
32
5
20
By rental area
Year
2018
2019
2020
2021
2022
%
22
9
24
4
41
TOP 10 TENANTS BY RENTABLE AREA
Rank
Tenant
% of total
rentable area
1
Shoprite
24,1
2
Silverbird Cinemas
7,8
3
Max
4,3
4
Mr Price
3,3
5
Rhapsody
2,7
6
Redtag
2,5
7
Cash and Carry
2,4
8
Playzone
2,4
9
Seven Eagles Spur
2,1
10
PEP
1,6
TOP 10 TENANTS BY INCOME
Rank
Tenant
% of total
income
1
Shoprite
9,6
2
Mr Price
6,1
3
Max
3,3
4
Silverbird Cinemas
3,0
5
Rhapsody
2,4
6
Redtag
2,1
7
Cash and Carry
1,9
8
Playzone
1,8
9
Tommy Hilfiger
1,7
10
Bheerhugz
1,6
NIGERIA
GHANA
ZAMBIA