NEW AFRICAN PROPERTIES LIMITED
"the Company" or "New African Properties" or "NAP"
Incorporated in the Republic of Botswana,
UIN BW00001055962
BSE share code: NAP-EQU ISIN code: BW 000 000 1049
The portfolio consists of 67 properties, of which 60 are located in Botswana and 7 in Namibia. It remains predominantly weighted towards the Botswana retail sector, with limited exposure to the Namibian retail sector (3%) and the Botswana industrial sector (1%).
The strength and diversity of the tenant base is key to NAP's ability to deliver returns to investors.
Approximately 21% of total GLA is scheduled to expire in the 2026 financial year. The largest share of these expiries is concentrated in five properties; Riverwalk Mall, Mafenyatlala, Rundu, Mokoro and Gaborone Shopping Centre, which together account for approximately 38% of the leases falling due. The majority of these leases are expected to be renewed in the normal course of business.
At year end, vacancies stood at 6.4% (2024: 6.7%). Namibian properties represented approximately 22% of total vacancies, reduced from 26% at last year end.
The Group remains cognisant of the relevance of key environmental, social and governance (ESG) factors to sustainable business practices.
