Introduction

The Fourways retail properties comprise 57,12% of Accelerate’s property portfolio by value. The current development will transform Fourways Mall into a super-regional shopping centre.

Accelerate’s key strategic nodes include:

Gauteng
Fourways
Accelerate owns 179 893 m2 of gross lettable area (GLA) within the node, but is currently adding to this with:

  • the redevelopment of Fourways Mall which will add 90 000 m2 of retail GLA; and
  • the renovation of Cedar Square including an expansion of the Woolworths foods store and completion of the front facade.

Charles Crescent
Accelerate owns 44 380 m2 in this area, which is situated on the outskirts of Sandton. It offers a unique opportunity for the fund to create a multi‑purpose node in the future that will include residential, retail and office (mixed-use) property types.

Western Cape
Foreshore – Cape Town
Accelerate currently owns 20 312 m2 of GLA within this node. A further 25 127 m2 has been added to the node with the Portside acquisition.

Somerset West
Accelerate owns 19 263 m2 of GLA within the Somerset West area on the outskirts of the Cape Town metropolis.

George
The 28 240 m2 Eden Meander Lifestyle Centre* proposed acquisition has the ability to allow Accelerate to create another strategic node within the Western Cape on the back of a growing town.
* Transfer pending

Free State
Bloemfontein
Accelerate has an option to purchase 50% of Loch Logan Waterfront Shopping Centre in Bloemfontein. The centre holds 79 856 m2 in GLA and dominates the Bloemfontein retail market.

Geographical region

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Map

Map

Sectoral spread by GLA:

  • Retail 64,0%
  • Office 8,9%
  • Industrial 27,1%

Limpopo

three properties

Sectoral spread by GLA:

  • Retail 67,3%
  • Office 23,8%
  • Industrial 8,9%

Gauteng

43 properties
(head office)

Sectoral spread by GLA:

  • Retail 22,0%
  • Office 31,8%
  • Industrial 46,2%

Western Cape

11 properties

Sectoral spread by GLA:

  • Retail 0%
  • Office 11,7%
  • Industrial 88,3%

Eastern Cape

two properties

Sectoral spread by GLA:

  • Retail 0%
  • Office 100%
  • Industrial 0%

Mpumalanga

one property

Sectoral spread by GLA:

  • Retail 100%
  • Office 0%
  • Industrial 0%

KwaZulu-Natal

one property