“Hermanus-meets-Century City….in

Swakopmund”

BAHNHOFF SQUARE will regenerate railway land at the

entrance to Swakopmund into a mixed-use suburb comprising

• 20 000m² “one-stop” shopping centre

• 4-5 000m² boutique/restaurant retail

• 10 000m² of offices

• >500 apartments

•>10 000m² of big-box retail (Auto showrooms, hardware etc)

The estimated project value over the next 10 years is ± $2 billion, with

the first phase of >25 000m² delivering a one-stop shopping centre, an

office/retail block and motor showrooms.

The vision is to create a quality mixed-use development that will provide

high quality premises for the retailers, residents and shoppers of

Swakopmund.

A development that fits neatly into the existing traffic & shopping

patterns of Swakopmund, makes use of existing infrastructure

investment and co-exists profitably with existing buildings.

BAHNHOFF SQUARE will regenerate railway land at the

entrance to Swakopmund into a mixed-use suburb comprising

• 20 000m² “one-stop” shopping centre

• 4-5 000m² boutique/restaurant retail

• 10 000m² of offices

• >500 apartments

•>10 000m² of big-box retail (Auto showrooms, hardware etc)

The estimated project value over the next 10 years is ± $2 billion, with

the first phase of >25 000m² delivering a one-stop shopping centre, an

office/retail block and motor showrooms.

The vision is to create a quality mixed-use development that will provide

high quality premises for the retailers, residents and shoppers of

Swakopmund.

A development that fits neatly into the existing traffic & shopping

patterns of Swakopmund, makes use of existing infrastructure

investment and co-exists profitably with existing buildings.

A MIXED-USE “SUBURB” AND

GATEWAY TO SWAKOPMUND

• Founded 1892 as port for

German/Namibian trade

• Almost 10 000 households,

growing at >3% p.a.

• “Like Hermanus over

Christmas” – population

almost doubles

• ±30 000 residents

• Distinct German influence in

the town, with much of the

CBD declared a heritage area,

due to the architectural gems

from the late 1800’s. Many of

the German tourists are also

pretty old…

• Walvis Bay, an industrial

town, is situated ±35km to

the south and Henties Bay, a

fishing village, ±75km to the

north.

SWAKOPMUNDLocated on the Western Coast

of Namibia, capital of Erongo

District and “capital city” of the world’s

uranium mining industry.

Township

To Henties Bay± 75km

To Windhoek± 350km

To Walvis Bay± 35km

CBD

Airfield

C34

B2

4

AT THE HEART

OF SWAKOP

Mixed Use Development

AT THE HEART OF SWAKOPMUND

PHASED APPROACH

SHOPPING CENTRE HAS MOVED

OVERALL LAYOUT

A WHO’S – WHO OF RETAIL BRANDS

VISUAL REFERENCES

VISUAL REFERENCES

FACTS &

FIGURES

• >9 000 households in primary catchment + 18 000 more in secondary catchment

• Spending power of ±R70 million/month (primary)

• Already world’s 4th biggest producer of uranium, with more mines to follow

• NamPower building 22MW diesel-fired power plant in Walvis, seeking site for 800MW coal-fired plant in Erongo region to support the new mines

• N$2 billion to be spent on desalination plants to support new uranium mines

• Gazprom bought into Kudu gas field (2010)

• Oil discovered off-shore: 11 billion barrel reserves (placing Namibia 3rd behind Nigeria & Angola)

• Gecko Group has ambitions to build a new harbour in Swakop, facilitating production of 1.2 million tons of sulphuric acid, as well as chemical re-agents needed by the uranium mines

• A bit like Burgersfort/Lephalale 10 years ago…

** Full Fernridge study available

Mining

• According to Langer Heinrich Uranium Management 5 to 7 new uranium mines are proposed for development with the next 3 to 7 years.

However, the development of these mines are strongly dependant on economic markets and commodity prices. The expected production dates

of these mines may be delayed depending on these economic conditions.

• Mines that are proposed for the next 2 to 4 years include:

• Enigma Oil & Gas Exploration received Government approval to move to the first renewal phase for several offshore exploration blocks, starting

from 31 August 2011. Chariot Oil and Gas, another oil and gas exploration company, propose to start drilling off the coast of Walvis Bay and

Swakopmund at the end 0f 2012.

• Australian Based Pancontinental Oil and Gas was granted a petroleum exploration licence for three blocks in the Walvis Bay Basin.

• The Sichuaun Hanlong Group of China made a conditional bid of A$144 million for Australia’s Bannerman Resources. Bannerman is currently

developing the Etango Uranium Project near Swakopmund and has applied for a mining licence.

Other Developments

Copyright 2011: Fernridge Consulting

Source: J & B Estates, Swakopmund Council and Langer Heinrich Uranium Management

14

Total of ±5,800 mine workers and consultants to enter the

Swakopmund/Walvis Bay population base (increased retail potential)

Primary Catchment Demographics

Copyright 2011: Fernridge Consulting 15

Source: 2006 Aerial Photography & 2011 Fieldwork

Primary Catchment

C34

B2

• Formal Households are also classified by Nett Monthly Income.

These ranges are applied and constantly updated through

research among estate agents and relative literature (we assess

the property values per suburb and relate it back to household

income).

• The current demographic data for the primary catchment area

was calculated by using 2006 aerial photography with the

Fernridge Household Points as set out on the previous slide.

• With the help of 2011 fieldwork we determine the current (2011)

household count.

• The primary catchment area currently hosts 9,244 households.

Copyright 2011: Fernridge Consulting

Retail Potential Estimate (RPE) - 2014

Important Note: This model uses Average trading densities. In our relationship with retailers we get constant feedback on trading densities actually achieved. Please note the

figures used here are R/ m² selling and used to determine an area’s total retail potential. This is therefore an average of all kinds of retail: old & new, national brands &

independents, in shopping centres & free standing, good & bad performers. Retailers in a new shopping centre typically have to trade at higher trading densities to be viable.

• The forecasted 2014 demographics of the Primary Catchment area (with additional support from the secondary catchment and

tourist market also included) warrant a total of ±126,020m² GLA of retail space.

• This model excluded the retail potential of the proposed mines. This potential will be included in the 2017 RPE Model on the

following slide.

• In order for a 25,000m² shopping centre to be deemed feasible by 2014 a market share of ±20% is required – this is considered as a

high market share, given the relatively large size of the secondary catchment.

16

ADDITIONAL SUPPORT FROM THESECONDARY CATCHMNET ANDTOURIST MARKET ALSO INCLUDED

DEMOGRAPHIC POTENTIAL FORTHE COMBINED CATCHMENT AREA(excl the D low income categoryfor the secondary catchment).

2014 Demographics

TARGET

DATES

Shopping centre• Finalise lease commitments 03/2013

• Finalise funding 04/2013

• Start construction 06/2013

• Finish construction 10/2014

Big box users: 7-9 months after lease signature

Mixed use: 9-12 months after lease signature

LEASING+27 21 852 6648

MICHAEL SCHIRNIG michael@alchemyadvisors.co.za

supermarkets, anchor retailers

STEFAN BOTMAstefan@alchemyadvisors.co.za

food service, home/decor, electronics, services, outdoor

TARRYN SMITH tarryn@alchemyadvisors.co.za

financial services, fashion line-shops, health & beauty, jewellery, specialities

PEOPLE

BEHIND

THE

PROJECT

DEVELOPER:

Public Private Partnership between Stacks Property & Transnamib

Holdings

PROFESSIONAL TEAM:

Development team: Eris

Urban Design: Osmond Lange

Architects: Osmond Lange (Jhb), Barnard Mutua (WHK) &

Karen Miller (Swakop)

Quantity Surveyor: Hendrik Herselman

Tenant mix & leasing: Alchemy Advisors

Research: Fernridge

Stacks Property 37 CC