Accelerate Property Fund Ltd. · JSE:APF
Accelerate Property Fund — Non-Deal Roadshow (March 2017)
15 slides from Accelerate Property Fund's roadshow presentation, March 2017
Slide 1: Accelerate Property Fund Limited March 2017 Roadshow
ACCELERATE PROPERTY FUND LIMITED MARCH 2017 ROADSHOW 1
Slide 2: Executive Summary
EXECUTIVE SUMMARY • Continued focus on strategic nodes and building a portfolio of high-quality property assets Established track record of delivering on strategic objectives Recent value enhancing acquisitions, including Eden Meander (George, Western Cape) and the establishment of an offshore pla
Slide 3: Investment Case
INVESTMENT CASE Successful execution of growth strategy to • 101% growth in property portfolio since listing in 2013, significantly improving portfolio quality date • As at 30 September 2016, the Accelerate portfolio held strong fundamentals: Building a portfolio of quality assets with 5.5 year WA
Slide 4: Total Return to Accelerate Shareholders
TOTAL RETURN TO ACCELERATE SHAREHOLDERS Total return (including distributions) since listing of 73.2%, compared to the SAPY Index, which has delivered 64.2% over the same period 750 Acquisition of 700 Portside for R755m Acquisition of Eden Meander shopping centre in George for R365m 650 Acquisition
Slide 5: Update on European Platform
UPDATE ON EUROPEAN PLATFORM In late 2016, Accelerate established their European platform through the establishment of a subsidiary in the Netherlands and acquisition of a portfolio of big-box DIY stores in Austria and Slovakia. The fund plans to expand on this strategy in 2017. Strategy and platform
Slide 6: Murray & Roberts Acquisition
MURRAY & ROBERTS ACQUISITION The Murray & Roberts Acquisition enhances Accelerate’s position in the Cape Town Foreshore node. The acquisition comprises the purchase of two erven, Erf 7 and Erf 8, both of which are adjacent to Foreshore properties currently owned by Accelerate, creating an “Accelerat
Slide 7: CGI Image Post Phase 2
CGI IMAGE POST PHASE 2 7
Slide 8: Foreshore Development Phases
CURRENT – FORESHORE NODE PHASE 1 – COMMERCIAL DEVELOPMENT PHASE 2 – RESIDENTIAL DEVELOPMENT Estimated development timeline: Two years Timeline: *still to be finalised* Key anchor tenant Key terms of the residential development • As part of the sale agreement, the vendor is • The Vendor may develop r
Slide 9: Portside Leasing Case Study
PORTSIDE LEASING CASE STUDY Portside case study Vacancy schedule • In June 2016, Accelerate acquired all of Old Mutual’s shares in the Pre-acquisition Jun 2016 Current Portside building. Total GLA (m2) 25,224 25,224 25,224 • Prior to the acquisition being concluded, the building was 52.1% let. Total
Slide 10: Accelerate's Transportation Strategy
ACCELERATE’S TRANSPORTATION STRATEGY Given the current rapid rate of urbanisation, demand for residential property, and uptick in transport infrastructure linking key metros, transportation nodes provide an opportunity for Accelerate to launch a new value enhancing strategy Introduction • The curren
Slide 11: Citibank Acquisition
CITIBANK ACQUISITION The Citibank Acquisition represents the first step in Accelerate’s strategy to acquire properties situated around key transport nodes, as the property is situated within 300 metres from the Sandton Gautrain station Acquisition Rationale • The Citibank Acquisition represents an o
Slide 12: Forecast Capital Expenditure and Leasing Strategy
Based on comparable A-grade office rentals1 in the Sandton CBD, and Forecast capital expenditure taking into account the strategic property location and immediate refurbishment, Accelerate believes the rental of R180/m2 is market related • Accelerate has been advised by Citibank that it will spend a
Slide 13: Conclusion
CONCLUSION • The Acquisitions are consistent with Accelerate’s strategy of acquiring high quality, strategic properties • The Murray & Roberts Acquisition enhances the creation of an “Accelerate precinct” within the Cape Town Conclusion Foreshore, with significant development upside • The Citibank A
Slide 14: Annexure
ANNEXURE ACCELERATE
Slide 15: Accelerate's Strategic Nodes
ACCELERATE’S STRATEGIC NODES Fourways, Johannesburg Foreshore, Cape Town Charles Crescent, Johannesburg Accelerate Europe Fourways lies on the outskirts of the The Foreshore is situated between Cape Town Charles Crescent is strategically located near The European strategy was established in 2016 Joh
Accelerate Property Fund — Non-Deal Roadshow (March 2017) on 6ix