6,5% distribution growth for the year to 31 August 2016

5,2% increase in Net Asset Value per share to R29.13

Four major new developments worth R672m nearing completion

CBD retail performing well, supported by strong demand from national retailers

Portfolio recycling strategy continues through redevelopments and disposals

Total value of investment portfolio increased to R11,6bn

DMTN programme – credit rating upgraded

Growth in distribution of 7,7% per Octodec share

Development pipeline of R805,3m

Size of bond programme increased from R1bn to R3bn

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