Rennie Knight Frank | THE REVIEW - August 2022 by SBRM

COMMERCIAL | INDUSTRIAL | RETAIL FEATURED LISTINGS & PROPERTY DATA – AUGUST 2022 –SOUTH AFRICA

Thanks to this , I had the opportunity to attend the Knight Frank’s EMEA and APAC Occupier Conference in London recently, where representatives from 40 countries came together to discuss occupier client activity, country markets and multinational occupier trends. The information shared was fascinating, providing an understanding of the needs of occupiers and owners alike, given the new normal we are all adapting to in a post-covid-19 world. As we know, individuals are rethinking their personal needs and lifestyles. Worklife balance will soon be referred to as life-work balance, emphasising life, then work. Organisations are competing like never before to attract the most talented resources and as part of their strategy are changing what their real estate offers their people in order to retain and attract best-in-class talent from the highly competitive employee pool. Added to this are the implementation of hybrid working arrangements, analysing people’s commuting times and creating alluring work areas – all contributing towards generating a positive company culture, thereby attracting and retaining the best talent.

We look forward to continually connecting with our clients and industry colleagues to foster strong relationships by sharing relevant and engaging content.

WELCOME

Formerly Rennie Property, established in 1997, now Rennie | Knight Frank since July 2021, is part of a global network of highly connected and collaborative specialists with expert knowledge of international property trends, markets and sectors. This association gives our business access to valuable international industry insights and trends, an advantage which we are able to cascade into our South African market.

Steve Rennie

OUR THOUGHTS

W elcome to the first edition of THE REVIEW – our digital publication featuring handpicked industrial, commercial and retail property for sale or for rent, along with useful related property metrics arranged geographically by property node.

Knight Frank has a dedicated and expert workplace strategy team that can assist organisations with these decisions and are pleased to be able to provide access for this specific consultancy to occupiers, supporting them in their people talent and real estate decisions.

2 THE REVIEW – AUGUST 2022

IF YOU WOULD LIKE TO KNOW MORE, DON’T HESITATE TO REACH OUT.

THIS MONTH’S FOCUS: OCCUPIER STRATEGY & SOLUTIONS 2022/23 Global DashboardMarketOccupier Key Market Indicators for Office Occupiers, Q1 2022 knightfrank.com/research 2022 Predictions for Consumer, Occupier and Investment Markets knightfrank.com/research Retail Property Market Outlook 2022 No alarms and no surprises. Please. TRENDS IN GLOBAL REAL ESTATE INVESTMENT The global perspective on prime property & investment 16th edition — 2022 REPORTS VIEW NOW VIEW NOW VIEW NOW VIEW NOW VIEW NOW Rennie | Knight Frank offers a suite of services to occupiers to meet all their planning requirements, including: STRATEGIC CONSULTING • TENANT REPRESENTATION & TRANSACTIONAL SERVICES • ACCOUNT & MANAGEMENTPORTFOLIO • LEASE & ADMINISTRATIONDATA Ourgoal,ultimately,istoincreaseouroccupierclients’efficiencyandprofitsbyoptimisingtheirrealestatedecisions. We always have the latest data and insights enabling us to not only advise occupiers and owners on factors to consider in the current climate but also to assist with aspects such as workplace consulting. This also means we are aware of your current concerns, such as the challenging operating environment, unprecedented workplace upheaval and business leader expectations, to name a few. Fortunately, occupier demand is returning and what we are seeing is that most formal occupiers are not reducing their space but are rather reconfiguring it to accommodate different hybrid work models that best suit the goals of the organisation and its people in order to build and develop high functioning teams and organisations. 3

WESTERN CAPE CAPE TOWN & SURROUNDS 4 THE REVIEW – AUGUST 2022

5WESTERN CAPE OVERVIEW

OUR BROKERS Nicci Goodfellow Intern Broker: Commercial & Industrial +27 82 601 2371 nicci.goodfellow@rennieknightfrank.co.za Somerset West & Surrounds Arthur Venter Broker: Commercial & Industrial +27 72 272 0420 arthur.venter@rennieknightfrank.co.za Century City, Cape Town & Surrounds Mercia Pillay Broker: Commercial & Retail +27 76 699 8424 mercia.pillay@rennieknightfrank.co.za Cape Town & Surrounds Quinton Mayes Intern Broker: Commercial & Retail +27 83 265 3599 quinton.mayes@rennieknightfrank.co.za Southern Suburbs, Airport & Surrounds Rob Sedgwick Head of Broking Western Cape +27 82 558 9832 rob.sedgwick@rennieknightfrank.co.za Southern Suburbs, Somerset West, Stellenbosch & Surrounds 6 THE REVIEW – AUGUST 2022

IN THE SQUARE WESTERN CAPE OVERVIEW BUILDINGS WITH Office Buildings with available premises of availableofficestorent Office premises available to choose from Industrial & Warehouse Buildings with premisesavailable of Industrial & Warehouse Buildings available to rent Industrial & Warehouse Buildings premises available to choose from Retail Buildings with available premises of Retail availableBuildingstorent Retail premises available to choose from AVAILABLE PREMISES TOTAL AVAILABLE SQUARE METRES (M2) INDUSTRIALOFFICES&WAREHOUSERETAIL TOTALPREMISESAVAILABLE 856 559,856 m2 1,369357335 81,001 m2 311,677 m2 326873 7

This report is produced in the first week of the current quarter. As a result the Gross Rentals reported may change over time. Gross Rentals reported reflect data from existing buildings or property developments underway that have already broken ground. Gross Rentals reported exclude VAT and are the aggregate of base rent, property operating costs, and municipal rates where such information is supplied to us. COMMERCIAL MARKET RENT | MAJOR NODES* MIN AV E MAX MIN AV E MAX GREAT ER CAPE T O W N Atla n tic S e a b oa rd Green Poin t 145,00 157,00 170,66 Sea Poin t 165,00 171,00 185,00 Wa terfron t 160,00 199,00 210,00 200,00 214,00 250,00 Bola n d Somerset West 123,00 182,00 235,00 Stellen b osch 136,00 170,50 250,00 290,00 290,00 290,00 Tech n o Pa rk 100,00 130,00 170,00 C a p e T own C a p e Town C BD 100,00 138,00 185,00 180,00 209,00 257,00 C a p e Town C BD Perip h ery 150,00 171,00 185,00 N orth e rn S u b u rb s C en tu ry C ity 129,00 160,00 195,00 195,00 215,00 235,00 Pa row N orth 156,00 156,00 156,00 Pla ttek loof 155,00 170,00 220,00 Ty g erv al ley 119,00 149,00 202,00 200,00 218,00 227,00 S ou th e rn S u b u rb s C la remon t 150,00 180,00 230,00 C on sta n tia 175,00 249,00 307,00 N ewla n d s 145,00 173,00 190,00 235,00 245,00 286,00 Steen b erg 100,00 143,00 162,00 275,00 234,00 290,00 A- G RADE PREM I U M G RADE GROSS ASKING RENT per m 2 per month (ZAR) *Including data from nearby suburbs. An overview of commercial property rental prices in major Western Cape nodes, including gross asking rent per m 2 and area snapshots. More detailed data sets are available on request. 8 THE REVIEW – AUGUST 2022

PRICING VS AVAILABILITY TRENDS | CLAREMONT 3221150000500050000 2 000 4 000 6 000 8 000 10 000 12 000 Jan20 bFe20 Mar20 Apr20 May20 Jun20 lJu20 Aug20 Sep20 Oct20 Nov-20 Dec20 Jan21 bFe21 Mar21 Apr21 May21 Jun21 lJu21 Aug21 Sep21 Oct21 Nov-21 Dec21 Jan22 bFe22 Mar22 Apr22 May22 Jun22 Claremont Prime Grade: Asking Rent vs Supply (m2) Claremont Premium Claremont Premium WESTERN CAPE AREA DATA COVID-19 has had a dramatic effect on the supply of office space across the major office nodes countrywide, resulting in a decrease in rental rates, some areas worse than others. The highly sought-after commercial node of Claremont was hit badly on both Premium & A-Grade offices, with vacancies on Premium Grade rising to a high of approximately 11,400 p/m2 in July 2020 and rentals dropping to a low of R219 p/m2 by September 2021. A-Grade supply peaked in Jan 2021 at 10,648 m2 and rentals dropped to R164 p/m2 by April 2021. Q4 2021 saw a slow recovery as lockdown eased and companies started to return to office, albeit on flexible terms and not 100%. Vacancies dropped off on Premium Grade to just over 1,100 m2 and with this rentals began to climb to R275 p/m2 by May 2022. A-Grade vacancies dropped by about 50% to the 5,000 m2 level and rentals clawed back slowly to an average of approximately R180 p/m2. This trend of decreasing supply and increasing rentals is expected to continue as more and more people return to the offices on a more permanent basis. RENTAL & SUPPLY TRENDS ON PRIME & A-GRADE OFFICES IN CLAREMONT ASKING RENT VS SUPPLY (M2) CLAREMONT PRIME GRADE CLAREMONT A-GRADE ASKING RENT VS SUPPLY (M2) AVAILABILITY OF PREMISES SIZES AVAILABILITY OF PREMISES SIZES 2115000050000 2 000 4 000 1186,0000000,0002000 Jan20 bFe20 Mar20 Apr20 May20 Jun20 lJu20 Aug20 Sep20 Oct20 Nov-20 Dec20 Jan21 bFe21 Mar21 Apr21 May21 Jun21 lJu21 Aug21 Sep21 Oct21 Nov-21 Dec21 Jan22 bFe22 Mar22 Apr22 May22 Jun22 Claremont A-Grade: Asking Rent vs Supply (m2) Claremont A Grade C aremont A Grade 111118642002468 Jan20 bFe20 Mar20 Apr20 May20 Jun20 Ju20 Aug20 Sep20 Oct20 Nov-20 Dec20 Jan21 bFe21 Mar21 Apr21 May21 Jun21 Ju21 Aug21 Sep21 Oct21 Nov-21 Dec21 Jan22 bFe22 Mar22 Apr22 May22 Jun22 Claremont Prime: Availability of premises sizes 0 90 100 200 200 500 500 1,000 Over 1 000 33221150050505 Jan20 bFe20 Mar20 Apr20 May20 Jun20 Ju20 Aug20 Sep20 Oct20 Nov-20 Dec20 Jan21 bFe21 Mar21 Apr21 May21 Jun21 Ju21 Aug21 Sep21 Oct21 Nov-21 Dec21 Jan22 bFe22 Mar22 Apr22 May22 Jun22 Claremont A-Grade: Availability of premises sizes 0 90 100 200 200 500 500 1,000 Over 1,000 THIS MONTH’S FOCUS: CLAREMONT NODAL DATA TO GUIDE OFFICE, INDUSTRIAL & WAREHOUSE OR RETAIL PROPERTY DECISIONS. Let’s Connect. Rob Sedgwick +27 82 558 9832 9

10 THE REVIEW – AUGUST 2022

The exciting large-scale renovation was completed this August and includes lobby upgrades and bicycle storage and showers for those who cycle to work.. Premises range in size from 169 m2 to full-floor plates of 965 m2 and multiple contiguous floor plates can be made available. Pricing from R135 /m2 to R165 /m2 and up to R185 p/m2 for the higher floors. CITY 72 272 0420

THE BOX 9 LOWER BURG ST, CAPE TOWN

For tenants who require that extra bit of space from time to time, the 30th floor is home to The Box Office which offers shared workspace, conference facilities and meeting rooms on a pay-as-you-go basis.

CENTRE VIEW NOWArthur Venter +27

R ecently revitalised, The Box, located in the Cape Town CBD within 2 minutes’ walk of the train, bus and taxi interchange, is best suited for tenants who are serious about attracting and retaining best available staffing talent. The Box offers for staff: beautiful and inspiring common areas, quick and efficient in-building commutes from ground floor entrance and parking lobbies to offices with brandnew lift banks, while being assured of safe working environments thanks to all-new security features with latest tech access control and CCTV. Adding to this, The Box’s own exciting new food market, SALT, located on the ground floor with various coffee, food and bar offerings, The Box creates a wonderful working environment for staff to enjoy.

Maitland 8th Avenue Claremont / Newlands Protea Place This is a fully functional garment factory & will be sold with a solid lease in place. Solar, air-conditioning & Thisborehole.isapremium grade office space. It boasts magnificent mountain views from the boardroom & private offices. Security & fibre are in place. Rob Sedgwick +27 82 558 9832 Rob Sedgwick +27 82 558 9832 Montague Gardens Alternator Park Diep River 155 Main Road A large manufacturing, cold storage building in Montague Gardens of 9,365 m² with 4,000 m² yard, 24-hour security & electric fencing. Showroom with warehouse and plenty of storage rooms & offices. With metal security bars in front of the glass panels & electric fencing affixed to the top of it. Quinton Mayes +27 83 265 3599 Quinton Mayes +27 83 265 3599 FOR SALE INDUSTRIAL FOR SALE INDUSTRIAL FOR SALE INDUSTRIAL TO LET COMMERCIAL VIEW NOW VIEW NOW9,365 m² | R50,000,000 3,502 m² | R24,900,000 VIEW NOW1,099 m² | R13,000,000 VIEW NOW453 m² | R220 /m² All properties exclude VAT. Additional fees might be applicable, please consult the our broker for details. 12 THE REVIEW – AUGUST 2022

Montague Gardens Phumelela Park Gardens Concertino House Expected to be completed by Q4 2023. These upmarket offices will have magnificent mountain and city views. Large warehouse which includes A-grade offices with approx 4,000m² tarmac yard space, 60 - 70 car parkings & secure with electric fence & 24-hour security. WESTERN CAPE PROPERTIES FOR SALE Rob Sedgwick +27 82 558 9832 Quinton Mayes +27 83 265 3599 Claremont 20 Vineyard The building has a rooftop garden, ideal for functions and has magnificent view of the mountain. 24/7 security with strict access control is in place. A-grade offices to let with magnificent views and gardens. The park has 24/7 security at the main entrance controlling access. Rob Sedgwick +27 82 558 9832 Rob Sedgwick +27 82 558 9832 TO LET COMMERCIAL TO LET COMMERCIAL TO LET COMMERCIAL & RETAIL TO LET INDUSTRIAL VIEW NOW VIEW NOW418 m² | R230 /m² 82-349 m² | R245 p/m² Office R340 p/m² Retail VIEW NOW514 m² | R160/ m² VIEW NOW10,008 m² | R76.50 /m² Steenberg 4 Silverwood Close, Steenberg Office Park All properties exclude VAT. Additional fees might be applicable, please consult the our broker for details. 13

Century City Park One Observatory St Peter’s Square 657 m2 | R120 /m2 842 m2 | R132.50 /m2 1,975 m2 | R120 /m2 260 m2 | R200 /m2 This excellent building has 3 floors, letting separately combined totalling 2,000 m2. Ideal for call centre or larger corporate users. A-grade commercial building in Heron Close, this building presents itself beautifully, with excellent finishes & sufficient parking. Easy access to all forms of transport, ample parking. Abundance of restaurants, coffee shops within area. In a successful shopping centre, anchored by Pick n Pay & many other national brands. The centre is situated at the base of Groote Schuur Hospital. Arthur Venter +27 72 272 0420 Arthur Venter +27 72 272 0420 Arthur Venter +27 72 272 0420 Mercia Pillay +27 76 699 8424 TO LET COMMERCIAL TO LET COMMERCIAL TO LET COMMERCIAL TO LET RETAIL VIEW NOW VIEW NOW Cape Town CBD 52 Loop Street Cape Town CBD The Towers - Foreshore VIEW NOW VIEW NOW All properties exclude VAT. Additional fees might be applicable, please consult the our broker for details. 14 THE REVIEW – AUGUST 2022

WESTERN CAPE PROPERTIES TO LET Cavendish The STD BNK Galleria Somerset West Firgrove Business Park Somerset West Paardevlei Rising 2 Diep River 155 Main Road 1,129 m2 | R180 /m2 103 m2 | R106.83 /m2 182 m2 | R207.20 /m2 1,099 m2 | R105 /m2 Well located in the Cavendish Precinct, with the exclusive use escalators directly from the Main Road. The premises is 1st floor retail level & faces the Arcade. The office premises comprises of a meeting room, reception, open plan office space, kitchenette, pause area, bathroom & 2 secure parking bays. A-grade commercial office space with secure parking bays, solar panels on the roof & high-speed fibre throughout are just some of the features. An excellently positioned Retail/Showroom with warehouse & several offices. Mercia Pillay +27 76 699 8424 Nicci Goodfellow +27 82 601 2371 Nicci Goodfellow +27 82 601 2371 Quinton Mayes +27 83 265 3599 TO LET RETAIL TO LET COMMERCIAL TO LET COMMERCIAL TO LET RETAIL VIEW NOW VIEW NOW VIEW NOW VIEW NOW All properties exclude VAT. Additional fees might be applicable, please consult the our broker for details. 15

GAUTENG JOHANNESBURG & SURROUNDS 16 THE REVIEW – AUGUST 2022

GAUTENG OVERVIEW 17

OUR BROKERS Tersia Basson Broker Commercial & Industrial +27 79 036 9494 tersia.basson@rennieknightfrank.co.za Centurion, Hatfield, Brooklyn & Surrounds, Highveld Irene & Surrounds Francois Joubert Intern Broker Commercial & Industrial +27 74 705 6399 francois.joubert@rennieknightfrank.co.za Pretoria East Kyle Malyon Broker Commercial & Industrial +27 82 447 5661 kyle.malyon@rennieknightfrank.co.za Randburg Mark Misplon Intern Broker Commercial & Industrial +27 71 207 3249 mark.misplon@rennieknightfrank.co.za East Rand (Industrial & Commercial) Kumar Nursoo Broker Commercial & Industrial +27 82 882 7950 kumar.nursoo@rennieknightfrank.co.za Fourways, Bryanston, Rivonia, Paulshof, Sunninghill Lee Foce Broker Industrial +27 82 836 1108 lee.foce@rennieknightfrank.co.za Midrand Gavin Klarmann Broker Commercial +27 82 552 5942 gavin.klarmann@rennieknightfrank.co.za Sandton & Surrounds, Rosebank, Melrose Dolores Misplon Intern Broker Commercial +27 66 372 3920 dolores.misplon@rennieknightfrank.co.za East Rand (Commercial & Retail) Elvis Mokgosi Intern Broker Commercial +27 82 643 3388 elvis.mokgosi@rennieknightfrank.co.za Midrand (Commercial & Retail) Danny Phala Intern Broker Commercial & Industrial +27 66 501 2748 danny.phala@rennieknightfrank.co.za Johannesburg CBD Trish Scholtz Broker Commercial +27 83 450 2294 trish.scholtz@rennieknightfrank.co.za Hydepark & Surrounds Victor Tshabalala Intern Broker Commercial & Industrial +27 78 674 1942 victor.tshabalala@rennieknightfrank.co.za Johannesburg South 18 THE REVIEW – AUGUST 2022

IN THE SQUARE GAUTENG OVERVIEW BUILDINGS WITH AVAILABLE PREMISES TOTAL AVAILABLE SQUARE METRES (M2) INDUSTRIALOFFICES&WAREHOUSERETAIL TOTALPREMISESAVAILABLE Office Buildings with available premises of availableofficestorent Office premises available to choose from Industrial & Warehouse Buildings with premisesavailable of Industrial & Warehouse Buildings available to rent Industrial & Warehouse Buildings premises available to choose from Retail Buildings with available premises of Retail availableBuildingstorent Retail premises available to choose from 1,491 2,288,486 m2 4,067742646 217,667 m2 701,152 m2 591999 19

This report is produced in the first week of the current quarter. As a result the Gross Rentals reported may change over time. Gross Rentals reported reflect data from existing buildings or property developments underway that have already broken ground. Gross Rentals reported exclude VAT and are the aggregate of base rent, property operating costs, and municipal rates where such information is supplied to us. MARKET RENT | MAJOR NODES* MIN AV E MAX MIN AV E MAX GREAT ER JHB Ea st Ra n d Bed ford v iew 110,00 117,00 172,00 Mid ra n d a n d Wa terfa ll Mid ra n d 110,00 126,00 190,00 Wa terfa ll C ity 204,00 213,00 215,00 N orth ern Su b u rb s Bry a n ston 115,00 149,00 220,00 150,00 162,00 192,00 F ou rwa y s 115,00 145,00 165,00 180,00 187,00 197,00 H y d e Pa rk 140,00 159,00 180,00 Illov o 125,00 149,00 205,00 205,00 273,00 305,00 Melrose Arch 178,00 229,00 250,00 Pa rk town 129,00 131,00 135,00 Ra n d b u rg 125,00 143,00 160,00 Riv on ia 120,00 120,00 120,00 Roseb a n k 125,00 152,00 190,00 185,00 211,00 238,00 Sa n d ton C en tra l 110,00 157,00 283,00 151,00 193,00 255,00 Wood mea d 115,00 127,00 215,00 Westra n d C on sta n tia Kloof 110,00 125,00 244,00 PRETORIA Brook ly n 130,00 150,00 160,00 206,00 227,00 232,00 C en tu rion 117,00 124,00 165,00 170,00 183,00 200,00 H a tﬁeld 101,00 146,00 184,00 L y n wood 140,00 144,00 165,00 237,00 280,00 332,00 Men ly n 150,00 162,00 175,00 195,00 180,00 212,00 A G RADE PREM I U M G RADE GROSS ASKING RENT per m 2 per month (ZAR) *Including data from nearby suburbs. An overview of commercial property rental prices in major Gauteng nodes, including gross asking rent per m 2 and area snapshots. More detailed data sets are available on request. COMMERCIAL 20 THE REVIEW – AUGUST 2022

GAUTENG AREA DATA PRICING VS AVAILABILITY TRENDS | SANDTON 2222211170809000102030400 10 000 20 000 30 000 40 000 50 000 60 000 Jan20 bFe20 Mar20 Apr20 May20 Jun20 Ju20 Aug20 Sep20 Oct20 Nov-20 Dec20 Jan21 bFe21 Mar21 Apr21 May21 Jun21 Ju21 Aug21 Sep21 Oct21 Nov-21 Dec21 Jan22 bFe22 Mar22 Apr22 May22 Jun22 Sandton Prime Grade: Asking Rent vs Supply (m2) Sandton Premium Sandton Premium ASKING RENT VS SUPPLY (M2) SANDTON PRIME GRADE SANDTON A-GRADE ASKING RENT VS SUPPLY (M2) AVAILABILITY OF PREMISES SIZES AVAILABILITY OF PREMISES SIZES 1111111114045505560657075800 20 000 2111118640,0000,0000,000000002000040000600008000000,000 Jan20 bFe20 Ma20 Ap20 May20 Jun20 Ju20 Aug20 Sep20 Oc20 Nov-20 Dec20 Jan21 bFe21 Ma21 Ap21 May21 Jun21 Ju21 Aug21 Sep21 Oc21 Nov-21 Dec21 Jan22 bFe22 Ma22 Ap22 May22 Jun22 Sandton A-Grade: Asking Rent vs Supply (m2) Sandton A grade Sandton A grade 765432100000000 Jan20 bFe20 Mar20 Apr20 May20 Jun20 Ju20 Aug20 Sep20 Oct20 Nov-20 Dec20 Jan21 bFe21 Mar21 Apr21 May21 Jun21 Ju21 Aug21 Sep21 Oct21 Nov-21 Dec21 Jan22 bFe22 Mar22 Apr22 May22 Jun22 Sandton Prime: Availability of premises sizes 0 90 100 200 200 500 500 1,000 Over 1 000 322115000050005000Jan20Feb20Mar20Apr-20May20Jun20Jul20Aug-20Sep20Oct20Nov-20Dec20Jan21Feb21Mar21Apr21May21Jun-21Jul21Aug-21Sep21Oct21Nov-21Dec21Jan22Feb22Mar22Apr-22May22Jun-22SandtonA-Grade:Availabilityofpremisessizes0901002002005005001,000Over1000 Like so many other commercial office nodes around South Africa, the Sandton Central office market continues to feel the effects of COVID-19. Vacancy rates have since stabilised and we expect to see this market recover slowly to pre COVID-19 Opportunitieslevels.exist for both landlords and tenants alike. Landlords that choose to enhance their buildings by incorporating into common areas, attractive workplace strategy elements that will appeal to tenant’s staff, will benefit from reduced vacancies. Tenants that require premises that range from 250 m2 to 1 000 m2 are currently able to use the oversupply in this sized market, as evidenced in the graphs below, to negotiate improved lease terms. RENTAL & SUPPLY TRENDS ON PRIME & A-GRADE OFFICES IN SANDTON CENTRAL THIS MONTH’S FOCUS: SANDTON CENTRAL NODAL DATA TO GUIDE OFFICE, INDUSTRIAL & WAREHOUSE OR RETAIL PROPERTY DECISIONS.+27 82 552 5942 Let’s Connect. Gavin Klarmann 21

PHASED DEVELOPMENT 22 THE REVIEW – AUGUST 2022

MONTE CIRCLE M onte Circle features an Italian village ambience with modern high quality finishes, state-of-the-art security systems and excellent accessibility. Extensive basement and surface parking ensures that all tenants and visitors have sufficient safe and secure parking. Security is ensured via access control to the basement and to the offices as well. There are also on-site cameras and security guards patrol the park 24 hrs a day. A strong lifestyle element is incorporated into the development with the inclusion of “high street” entrances to the offices and a pedestrian-friendly environment. Tenants are able to relax in the landscaped gardens, with water features & mini-piazzas. It offers tenants: • Easy access to the N1 highway, a Gautrain bus stop at Monte Casino; • 4-star green-rated buildings which translate to reduced operating costs; • Tenants have the convenience of both water & power back-up supply; • Smaller office vacancies available now in Buildings A, B, C & D. 2,600 m 2 SIZE R197 /m 2 PRICE VIEW NOW Kumar Nursoo +27 82 882 7950 kumar.nursoo@rennieknightfrank.co.za 23

Alrode Alrode Multipark 6,735 m2 | R40.06 /m2 Good eave heights & ample power supplies. Easy access for super link trucks and sufficient turning circles. Close to the R59 and N3 highways. Victor Tshabalala +27 78 674 1942 TO LET INDUSTRIAL VIEW NOW Midrand Il Piacere Rosebank 223 Jan Smuts Ave Comprises 6 separate offices on 3 floors. Warehouse with 2 large roller shutter doors, own mezzanine offices, 3-phase power. Must be seen to be appreciated. Newly upgraded, for sale or to let. Easy access from the Highways. Lee Foce +27 82 836 1108 Trish Scholtz +27 83 450 2294 FOR SALE INDUSTRIAL FOR SALE COMMERCIAL VIEW NOW1,292 m² | R13,600,000 VIEW NOW610 m² | R7,700,000 Brooklyn Brooklyn Pavilion Newly upgraded Brooklyn Pavilion, situated near the courts, universities, malls, hospitals, restaurants. Easy access to highways. Tersia Basson +27 79 036 9494 FOR SALE COMMERCIAL VIEW NOW3,366 m² | R50,500,000 All properties exclude VAT. Additional fees might be applicable, please consult the our broker for details. 24 THE REVIEW – AUGUST 2022

GAUTENG PROPERTIES FOR SALE Dainfern Riversands Outlet Park Menlyn Glen Manor Office Park 160 - 878 m2 | R84.50 /m2 100 - 1,500 m2 | R110 /m2 High-end mixed-use new development, north of Steyn City, encompasses a complete work & lifestyle A-grade.combination.5Separate office buildings around a central garden. Popular amongst doctors, lawyers & other professionals. Kumar Nursoo +27 82 882 7950 Francois Joubert +27 74 705 6399 Illovo 15 Chaplin Sandton Sandton Gate 859m2 & 593m2 | R220 m2 118 - 2,650 m2 | R200 /m2 Premium grade. Luxury offices with back-up water & power, superb roof deck for use by tenants. Only 2 suites Newleft. 5* green-rated energy efficient development. Ample parking, back-up water/power. Varying sized office suites are now available at competitive rentals. Gavin Klarmann +27 82 552 5942 TO LET COMMERCIAL TO LET COMMERCIAL TO LET INDUSTRIAL TO LET COMMERCIAL VIEW NOW VIEW NOW VIEW NOW VIEW NOW All properties exclude VAT. Additional fees might be applicable, please consult the our broker for details. Gavin Klarmann +27 82 552 5942 25

All properties exclude VAT. Additional fees might be applicable, please consult the our broker for details. Midrand Corporate Park South, Platinum Square 2,538 m² | R74 /m² A-Grade industrial warehouse facility is perfectly located. The welcoming glassed reception area floods with natural light & leads into a chill room/boardroom. Lee Foce +27 82 836 1108 TO LET INDUSTRIAL VIEW NOW Bonaero Park Clearwater Corporate Park Randburg Cresta Junction Within 8 km of OR Tambo Airport. Minimum three-year lease. Units are fibre ready, central AC & generator friendly. Secure property. Recently refurbished, this is the perfect address, situated opposite the Cresta Shopping Centre. Generator & water back-up. Dolores Misplon +27 66 372 3920 Kyle Malyon +27 82 447 5661 TO LET COMMERCIAL TO LET COMMERCIAL VIEW NOW400 - 2,679 m² | R145 - R156 /m² VIEW NOW123 m² | R99 /m² Sandton The Forum Prominent position within easy reach of all amenities. It has its own Coffee shop and offers a range of attractive office suites, and a generous Tenant Installation Allowance. Gavin Klarmann +27 82 552 5942 TO LET COMMERCIAL VIEW NOW100 m² - 1,000 m² | R120.73 /m² 26 THE REVIEW – AUGUST 2022

GAUTENG PROPERTIES TO LET All properties exclude VAT. Additional fees might be applicable, please consult the our broker for details. Dunkeld Dunkeld West Centre Heriotdale 1 Jupiter RETAIL – 233 m² | R320 /m² COMMERCIAL – 790 m² | R220 /m² 11,508 m² | R40 /m² Popular and well-positioned centre offers empty retail space. This centre is on busy Jan Smuts Avenue between Rosebank, Hyde Park & Single-tenantSandton.warehouse, expansive docking yard. Highway exposure, excellent for strategic advertising. Suitable for FMCG, light manufacturing & logistics ops. Trish Scholtz +27 83 450 2294 Victor Tshabalala +27 78 674 1942 Jet Park Anchor Industrial Park Killarney Riviera Office Park 3,606 m² | R50 /m² - R55 /m² 1,546 m² | R110 /m² Highly sought-after complex, close to the main arterial routes. Multiple warehouses & offices comprising of large and medium Oppositeunits. Killarney Mall and 500m from the M1. Offering lettable space with terraces, balconies, elegant gardens, a generator, standby water, parking and excellent security. Mark Misplon +27 71 207 3249 TO LET INDUSTRIAL TO LET COMMERCIAL TO LET COMMERCIAL TO LET INDUSTRIAL VIEW NOW VIEW NOW VIEW NOW VIEW NOW Trish Scholtz +27 83 450 2294 27

INTERNATIONAL INVESTMENT OPPORTUNITIES | UNITED KINGDOM We are pleased to be able to offer our clients access to international real estate investment opportunities and guide them through the process – from instructing surveyors, providing local market intelligence, sourcing purchase opportunities, analysing potential assets, completing due diligences and advising on acquisition processes. Below we feature the May 2022 United Kingdom Prime Yield Guide, for indicative purposes only. To further investment understanding, we highlight available bonds and rates. Please do not hesitate to contact us to discuss your interest in any of the available properties we showcase for possible investment. SE C T O R M A Y - 2 2 M A RK E T SE N T I M E N T City Prime (Single let, 10 years) 3 75% POSITIVE W est End: Prime (Mayfair & St James's) 3 25% POSITIVE W est End: Non core (Soho & Fitzrovia) 3 75% 4 00% POSITIVE Major Regional Cities (Single let, 15 years) 4 50% 5 00% POSITIVE Major Regional Cities (Multi let, 5 year W AULT) 5 00% 5 25% POSITIVE South East Towns (Single let, 15 years) 5 00% 5 25% POSITIVE South East Towns (Multi let, 5 year W AULT) 6 50% POSITIVE South East Business Parks (Single let, 15 years) 5 25% + STABLE South East Business Parks (Multi let, 5 year W AULT) 6 75% + STABLE Prime Distribution/W arehousing (20 year income [NIY] with fixed/indexed uplifts) 3 00% POSITIVE Prime Distribution/W arehousing (15 year income, OMRRs) 3 50% POSITIVE Secondary Distribution (10 year income, OMRRs) 4 00% POSITIVE South East Estate (excluding London & Heathrow) 3 25% 3 50% POSITIVE Good Modern Rest of UK Estate 3 50% 3 75% POSITIVE Secondary Estates 4 75% 5 25% POSITIVE Car Showrooms (20 years with fixed uplifts & dealer covenant) 5 00% POSITIVE Budget Hotels London (5 yearly Fixed / RPI uplifts 20 year+ term, strong covenant) 3 25% 3 50% POSITIVE Budget Hotels Regional (5 yearly Fixed / RPI uplifts 20 year+ term, strong covenant) 4 00% POSITIVE Student Accommodation Prime London (Direct Let) 3 75% POSITIVE Student Accommodation Prime Regional (Direct Let) 5 00% POSITIVE Student Accommodation Prime London (25 years, Annual RPI) 3 00% POSITIVE Student Accommodation Prime Regional (25 years, Annual RPI) 3 25% POSITIVE Healthcare (Elderly Care, 30 years, 5 yearly indexed linked reviews) 3 25% 3 50% POSITIVE Data Centres (20 years, Annual Indexation) 4 00% POSITIVE Income Strip (50 years, Annual RPI/CPIH+1%, Annuity Grade Covenant) 2 00% POSITIVE Offices (Grade A) Warehouse & Industrial Space Specialist Sectors B O ND S & R A T ES ( 06 / 05 / 2022 ) M A Y 202 1 D E C 202 1 M A R 202 2 M A Y 202 2 SONIA Rate 0 084% 0 045% 0 445% 0 941% Bank of England Base Rate 0 10% 0 25% 0 50% 1 00% 5 year swap rates 0 733% 1 102% 1 797% 2 395% 10 year gilts redemption yield 0 99% 0 73% 1 34% 2 00% 28 THE REVIEW – AUGUST 2022

INTERNATIONAL | SELECT PROPERTIES Steve Rennie +27 82 902 0136 CONTACT Please contact Steve Rennie to discuss any of the available international properties. SE1, London The Whitehouse SW15, London Assembly Rooms Clapham Clapham Battersea Rise 3,575 sq ft | £2,640,000 (£738 psf) Opportunity to acquire a well configured restaurant unit let on a long lease. This includes ground rentals of 4 residential apartments totalling £600 pa. Rugby Mill Road DC 173,639 sq ft | £17,000,000 (£98 psf) 26,321 sq ft | £30,000,000 (£1,139 psf) 15,587 sq ft | £15,000,000 (£962 psf) Fully refurbished distribution warehouse let to RexvilleSolutions and Royal Mail. Multi-let to NatWest and Gallaher Limited (ultimately owned by the Government of Japan) on FRI leases. Guaranteed performance at the 2024 Natwest review, subject to 5 yearly RPI indexation (2-4% pa compounded). Opportunity to acquire award winning office accommodation which has just been subject to a comprehensive refurbishment by the tenant, which have been in occupation for c.20 years. FOR SALE INDUSTRIAL FOR SALE OFFICE FOR SALE RETAIL FOR SALE OFFICE THIS MONTH’S SELECT PROPERTIES 29

The Americas 3 Territories Canada The Caribbean | USA P E O P L E O F F I C E S

Rennie Property, formed in South Africa, has provided office, retail and industrial property management, advisory and transactional broking services to South Africa’s leading private clients and multinational investors since 1997.

As a result, Rennie Property – through its Knight Frank brand affiliation and professional relationships with a global network of people – are able to provide innovative property solutions to our clients that add tangible value across property sectors and services. more about Knight Frank below. US CLICK HERE

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Rennie Knight Frank is a partnership between two leading brands to align our service presence with client needs.

In 2021, Rennie Property joined Knight Frank’s global network, strengthening their Sub-Saharan presence by providing Knight Frank’s international clients with the best local South African property expertise. In turn, Rennie Property and its clients benefit from global knowledge which further enhances local expertise provided to South African clients.

30 THE REVIEW – AUGUST 2022

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