EQUITES PROPERTY FUND LIMITED - Equites - Press Release

Equites - Press Release

EQUITES PROPERTY FUND LIMITED
(formerly VB Transport (Proprietary) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
JSE share code: EQU ISIN: ZAE000188843
(Approved as a REIT by the JSE)
(“Equites” or “the company”)


NEWS RELEASE


EQUITES PROPERTY FUND ENTERS GAUTENG MARKET


Cape Town 3 February 2015. Specialist industrial property manager and developer, Equites Property Fund
Limited (“Equites”), has concluded an agreement with major listed apparel, jewellery and homeware retailer,
The Foschini Group, in terms of which Equites will be developing a 22 000 square meter distribution
warehouse for them in Midrand, Gauteng.

Equites CEO Andrea Taverna-Turisan says the transaction has great significance for Equites as it is the
Western Cape based property counter’s first step into the Gauteng market. “Concluding this transaction with
one of SA’s most successful retailers in the very competitive Gauteng market is a significant achievement for
us. It is also a vote of confidence from TFG in our ability to deliver a state of the art cross-docking
distribution warehouse in line with their expectations. The development furthermore caters for TFG’s future
growth requirements and we are able to extend the facility by an additional 15 000 square meters.”

Brad Rothenburg, Head of TFG Property, indicated that as the TFG Group’s sales continue to grow it has
become necessary to increase the warehouse capacity in Gauteng. Midrand was shown to be the most logical
place for the warehouse being close to consumer demand. Initially it will be used for @homelivingspace
furniture and Foschini Footwear – but over time additional products are expected to be added.

“We have an existing relationship with Equites through our @homelivingspace warehouse in Cape Town
and their quality portfolio is a clear illustration that they understand the distribution logistics market” says
Rothenburg.

The development, which will ultimately have an estimated capital value of R 150 million, will be located on
the Lords View Industrial Park which has been planned as an environmentally friendly, eco-sensitive
industrial logistics park and makes use of the latest developments in green township development. The Park
boasts landscaped central storm water attenuation ponds eliminating the need for tenants to attenuate
themselves. These functional ponds will form the ‘Green Lung’ of the development and provide running
tracks, park benches and other facilities for staff to enjoy.

Negotiations for the development of a Municipal Solid Waste Plant are at an advanced stage. Once built this
plant will make available a further 20MVA of electricity supply which in turn could be made available to
users within the park. The carbon emission from this plant would be equivalent to the carbon emission of 6
cars.
Equites is listed on the main board of the JSE in the “Industrial and Office REITs” sector.

Contacts:
Andrea Taverna-Turisan
Chief Executive Officer – Equites Property Fund Limited
021 460 0404 or 083 444 6997

Riaan Gous
Chief Operating Officer – Equites Property Fund Limited
021 460 0404 or 082 883 3127

Bram Goossens
Chief Financial Officer – Equites Property Fund Limited
021 460 0404 or 084 474 7861

ENDS
                                               ***
About Equites Property Fund

Equites Property Fund is a leading South African property investment fund manager and developer, focused
on high quality industrial assets at the top-end of the industrial property sector, with a selective small
exposure to office property. Its portfolio of 20 prominent industrial and office properties is valued at
approximately R1.4 billion. Equites is structured as a Real Estate Investment Trust (REIT). The fund is
internally managed.

The portfolio properties are situated in prime locations, have very low vacancies with occupancy in excess of
97% and at least 77% of the portfolio has leases for longer than three years, with healthy escalations
averaging 8.1%. Major tenants include Simba, Foschini, Execujet, Digistics, Imperial, Puma, UTI (Adidas),
Avery Dennison, Courier-IT, Kuehne & Nagel AG, NGK Ceramics, Dole USA and Barloworld.

3 February 2015


Sponsor
Java Capital

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