PowerPoint Presentation

New Development


Proposal For Takealot


(RF) (Pty) Ltd

PROPOSAL DESCRIPTION


PROPOSED NEW WAREHOUSE FOR RETAILABILITY AT CORNUBIA LOGISTICS PARK






DATE 07 March 2021


CLIENT Takealot (RF) (Pty) Ltd


OUR REFERENCE Let-001




INTRODUCTION


Thank you for the opportunity to submit this proposal.


The intention of this proposal is to provide a warehouse and associated areas for the effective storage and
distribution of goods.


The figures quoted are for the facility as based on the high-level specifications and requirements received
from the client. Changes made to the specifications will impact the proposal.


The site selected allows free movement and parking of articulated vehicles with cognizance given to
staging, stacking and security.

WHO WE ARE



Fortress, an internally asset managed Real Estate Investment (“REIT”) is a hybrid fund, investing in direct
properties and other listed real estate companies. We are the third-largest REIT in South Africa.














































Fortress invests in a diversified portfolio across logistics, retail, industrial and office sectors in South Africa. We have
European exposure to high-growth economies in Central and Eastern European market through our investment in
NEPI Rockcastle plc.

TABLE OF CONTENTS




1 INTRODUCTION TO PARK





2 PROPOSED POSITION




3 BUILDING SPECIFICATIONS





4 COMMERCIAL TERMS





5 CONSTRUCTION TIMELINE




6 BUILDING PLANS





7 EXCLUSIONS & VALIDITY

CORNUBIA LOGISTICS PARK

Cornubia Ridge Logistics Park is strategically located to support customer’s logistics and supply chain
strategies. Close to Umhlanga’s thriving business hub, King Shaka International Airport and Dube Tradeport
thus positioning tenants close to retail hubs, trade ports and the main routes to the north Durban precinct.
The site offers fully customised logistics solutions.




PROPOSED POSITION

The facility is within a gated logistics Park with excellent access from the N2 and other arterial roads. The
Park has 24-hour security, indigenous landscaping and central fire tanks and has superb visibility from the
freeway.

GLA: 7 759 m² 40m Yard Depth 15m Eaves Height FM 2 Floor
12 Ton Point-load




Warehouse size: 7 035m²
The warehouse eaves height will be 15,0m and will be built at dock height and

grade as per the tenant’s requirement. The warehouse floor will be a 200mm,
WAREHOUSE 30MPA concrete floor which can a 12-ton point load on a rack foot 200x160mm.
DETAILS There will be 12 dock levelers and 4 on-grade doors with 5m wide canopies over

the doors.


Office size: 508m²
The tenant will be granted an allowance of R2,500 per m² of the net office area to

OFFICE facilitate the installation of carpets, ceilings, view panels, plug points, air-
DETAILS conditioning, and dry walling.



The hardstand will be 180mm, thick, 30mPA concrete and the car park
area will include paving. There will be 3 guardhouses of 15m² each and

the refuse area will be big enough for 2 skip bins.
EXTERNAL
WORKS



Roof sprinklers to the underside of the roof will be provided and the design

density will be 12.5mm. In rack sprinklers will be provided by the tenant.
FIRE

The lighting to the offices will be 400lux, and 200lux to the warehouse

without any racking included.

ELECTRICAL There will be 1 distribution board to the offices and 1 to the warehouse.
RETICULATION AND There will be no standby generator included.
LIGHING


Data cabling and voice; Furniture; Standby generator and compressors;
Toilet accessories; Built-in Canteen equipment, furniture,
cupboards; Shelving and racking; benches, stoves, fridges, microwaves;

Dock leveler mechanical Lockers; Caging and internal
equipment; In-rack sprinklers and warehouse fencing; Dust-proofing to

EXLCUSIONS in-rack lighting; Relocation of any warehouse; Signage pylon; Lifts;
plant; Refrigeration plant and Access control booths and turnstiles;

equipment; UPS systems; PABX Computer and IT installation; Cranes;
switchboards and telephone Biometric system; Rain water

installations; Safes harvesting
Bullet-proof glass; Floor drains

COMMERCIAL TERMS





R70 R11.5 7% 5





Net Rental Operating Costs Escalation rate Lease duration

per m² Per m² Per annum In years


COMMERCIAL REFERENCES

Warehouse area: 7 035 m²
Offices: 508m²
TOTAL GLA: Client Pick up Point: 171m²
Guardhouses: 45m²
TOTAL GLA: 7 759m² (including refuse and guardhouse)

MONTHLY RENTAL (YEAR 1) R 543 130 excluding VAT

ACCESS PERIOD 30 days prior to lease commencement
LEASE COMMENCEMENT 01 September 2021

Covers:
Rates and Taxes
Park levies
OPERATING COSTS
Park security
Building insurance
(excludes water and electricity)



TIMELINE


APPROVAL TO PROCEED 30 April 2021

LEASE AGREEMENT 15 May 2021
CONSTRUCTION 01 September 2021

ACCESS DATE 01 August 2021

LEASE COMMENCEMENT 01 September 2022

FLOOR PLAN

VALIDITY


This proposal is valid for 30 days from date thereon and will be subject to a formal written offer
between Takealot (RF) (Pty) Ltd and Fortress REIT Fund.




ELAINE BUTCHER / GRANT LEWINGTON
0836267161 / 0768333407
[email protected] / [email protected]