PowerPoint Presentation

New Development Proposal For


FH Bertling

PROPOSAL DESCRIPTION


PROPOSED NEW WAREHOUSE AND OFFICES FOR FH BERTLING AT
EASTPORT LOGISTICS PARK




DATE 5 May 2021


CLIENT FH Bertling


OUR REFERENCE Let-002




INTRODUCTION


Thank you for the opportunity to submit this proposal.


The intention of this proposal is to provide a warehouse and associated offices for the effective storage
and distribution of goods with the option for future expansion.


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

EASTPORT LOGISTICS PARK

Eastport Logistics Park is located along the R21 highway about 10 minutes from O.R Tambo International
airport. On completion, Eastport Logistics Park will offer 500,000m² of A-grade warehousing designed to
accommodate an array of logistics users. The park is already home to Savino Del-Bene, Clippa, Teralco, and
Teraco.


PROPOSED POSITION


The building will be visible from the R21 and R25 highway.

GLA:7,509 m² 40m Yard Depth 11m Eaves Height FM 2 Floor
12 Ton Pointload

Warehouse size: 6,144 m²
The warehouse eaves height is 11m and will be built at a 1.4m dock height. The warehouse

floor will be a 200mm, 30MPA concrete floor which can a 12-ton point load on a rack foot
WAREHOUSE 200x160mm.
DETAILS There will be 5 roller shutter doors (7m wide X 5m high) with a 5m wide canopy over the

doors.
Office size: 1,000 m²

The tenant will be granted an allowance of R2,500 per m² of the Net office area to facilitate
OFFICE the installation of carpets, ceilings, view panels, plug points, air-conditioning, and dry
DETAILS
walling.

Warehouse mezzanine and pilot office: 350 m²
the warehouse mezzanine includes warehouse staff ablutions and small

warehouse offices. The warehouse offices will include dry walling, view panels and
WAREHOUSE
MEZZANINE carpets.

Guardhouse Size: 15m²
The hardstand will comprise of 180mm thick, 30mPA concrete flooring and the car

park area will include inter-locking paving and have 20 cantilever carports.
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.
There will be 1 distribution board to the offices and 1 to the warehouse.
ELECTRICAL
RETICULATION AND There will be no standby generator included.
LIGHING


The site area will include land for expansion of approximately 8,000m²
which can accommodate warehouse expansion of approximately 2,071m²
under roof.

EXPANSION LAND




Data cabling and voice; Furniture; Standby generator and compressors;

Toilet accessories; Built-in Canteen equipment and furniture,
cupboards; Shelving and racking; benches, stoves, fridges, microwaves;

In-rack sprinklers and in-rack Lockers; Caging and internal
lighting; Dock levelers and warehouse fencing; Dust-proofing to

equipment, Relocation of any warehouse; Signage pylon; Lifts;
EXCLUSIONS
plant; Refrigeration plant and Access control booths and turnstiles;

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

installations; Safes harvesting, wash-bays, oil traps and
Bullet-proof glass; Floor drains special drainage.

COMMERCIAL TERMS





R69 R18 R8 10





Expansion land of
Building Estimated Lease duration
Net Rental 8,000m² Operating Costs In years
per m² Net Rental Per m²
per m²



6,144 m²
Warehouse area:
350 m²
Warehouse mezzanine:
TOTAL GLA: Admin offices:

1,0
00
m²
Guardhouse: 15m²
TOTAL GLA: 7,509 m²

Building of 7,509m² at R69/m² R 518,121
MONTHLY RENTAL BREAKDOWN
(YEAR 1 – EXCLUDING VAT) Expansion land of 8,000m² at R18/m² R 144,000

TOTAL MONTHLY NET RENTAL R 662,121



ESCALATION RATE 7% p.a


Cost of R8.00 per m² covers:
Rates and Taxes
Park levies
OPERATING COSTS
Park security
Building insurance
(excludes water and electricity)

A 50% co-ownership option can be offered after year 3 of the
lease. The purchase price will be negotiated at the time of the
CO-OWNERSHIP OPTION
agreement, however an estimated purchase price can be
provided at this time

DEVELOPMENT TIMELINE




APPROVAL TO PROCEED 1 June 2021


LEASE SIGNATURE 1 July 2021

PLAN SUBMISSIONS 1 July – 1 September 2021

EARTHWORKS 1 August – 1 October 2021

COMMENCE CONSTRUCTION 1 November 2021

BENEFICIAL OCCUPATION 1 August 2022

LEASE COMMENCEMENT 1 September 2022

SITE FOOTPRINT













































Proposed Site

FLOOR PLAN

VALIDITY


This proposal is valid until 1 June2021 and will be subject to a formal written offer between FH Bertling
and Fortress REIT Fund.
This proposal is subject Fortress REIT Limited’s board approval
The proposal is subject to the financial vetting of FH Bertling


GRANT LEWINGTON

076 833 3407
[email protected]

PARK IMAGES

PARK IMAGES