The group continues to enjoy support from national tenants and there is interest for space from international retail brands. This is particularly the case in the Fourways Development.

All leasing activities in Accelerate’s portfolio are overseen by the head of the leasing division. Accelerate’s shopping centre portfolio managers are responsible for ensuring that tenants are correctly placed.

The weighted average lease expiry of the property portfolio by gross rental is approximately 5,1 years. The weighted average annual escalation of the portfolio is 8.04%.

Accelerate has approximately 1 662 tenants that are categorised as follows (by GLA):

  • A tenants (approximately 62,2%): large national tenants and large listed tenants;
  • B tenants (approximately 13,4%): national tenants, listed tenants, franchises and medium to large professional firms; and
  • C tenants (approximately 24,4%): other.

Tenant profile

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A: Large national tenants, large listed tenants, large professional firms and major franchises, including among others, Absa, ADT, Capitec, Dis‑Chem, Edgars, First National Bank, Foschini, Jet stores, KPMG, Makro, Massmart, Medscheme, Nedbank, OK Furnishers. Pepkor, Pick n Pay, Primedia, Shoprite, Standard Bank, Woolworths
B: National tenants, listed tenants and franchises, including among others, Fishmonger, KFC, Mugg & Bean, Nando’s, Spur, Steers, Wimpy
C: Other, being smaller non-listed and non-franchised businesses mainly owner-operated