Commercial Asset

KCT Mall Portfolio

Delivering quality earnings and sustainable cash flow growth for local socio-economic advancement.

Management Strategy

Property Management Unit (PMU)

The Property Management Unit of KCT Group is an internally managed unit with the primary goal of growing and improving cash flow to deliver quality earnings that underpin sustained growth for KBD Retail Properties. Property is our commodity, but people are our business, and relationships that we create sustain meaningful value for our business.

Our focus is on delivering sustainable growth added to the volatile local socio-economic environment of Khayelitsha. We fend off operational challenges and align practical strategies to enhance growth, making KBD Retail aspirations of a transformed KCT Mall upgrade and facelift more credible.

Annual Property Valuations

KCT Mall conducts annual independent property valuations, reflecting continuous value creation and solidifying KCT Group's net worth by 15% in FY2024:

2024 Valuation R443.70 Million

2023 Valuation R361.30 Million

2022 Valuation R342.65 Million

The 2024 valuation is backed by a fair value gain of R52 Million and has positioned our Group EBIT up by 91%.

Local Economic Empowerment

Procuring from Local SMMEs

Local Economic Empowerment remains KCT's key focus when procuring goods and services for planned, routine, and reactive maintenance. Over the past five years, KCT has escalated its commitments to local development:

200+ Local SMMEs

Khayelitsha-based businesses contracted for services (repair, security, and deep cleaning) over the past 5 years.

R37+ Million Spent

Direct capital spent by KCT Group on services procured from local businesses over 5 years.

1,008 Local Jobs

Direct jobs created through employment by retail tenants operating from our property portfolio.

Operations Quality

Facilities Management Service Levels

Preventative maintenance, health and safety, deep cleaning, and fumigation operations governed by responsive service agreements:

Emergency Level

Unscheduled corrective activities whose failure could threaten the safety of Shoppers and Tenants.

Response Time: Immediate

Urgent Level

Unscheduled corrective activities where the problem does not pose immediate safety hazard but requires prompt actions.

Response Time: 1 workday / 3 days resolve

Routine Level

Minor day-to-day repairs, structural touching, and minor utilities maintenance jobs.

Response Time: Immediate / Day-to-day

Scheduled Level

Recurring preventative maintenance actions, major renovations, and event-related operations.

Response Time: As per schedules & plans