PROPERTY PORTFOLIO

Intersite manages and develops the SARCC's R2.6-billion property portfolio which comprises 478 commuter train stations in Johannesburg, Pretoria, Durban and Cape Town.

Intersite's responsibilities for this portfolio are three-fold - to enhance the commuting experience for the millions of passengers who use the train service each day; to increase revenue on the portfolio by managing it according to commercial principles; and to assist the SARCC in achieving its objectives of inter-modalism by ensuring integration of transport and land use planning.

INTERMODAL FACILITIES

The commuting experience is therefore improved through the provision of inter-modal transport facilities which smooth transfer from one form of transport to another at those places where buses, taxis and trains converge. Intersite has redeveloped many of the existing buildings, a few of which are national monuments, to provide such facilities, including the provision of luxury coach termini for the country's leading long-distance coach operators in Johannesburg, Pretoria, Cape Town and Durban. Formal taxi ranks have also been established at a number of stations in the four metopolitan areas.

GENERATES INCOME FOR SARCC

Income-producing projects range from light industrial developments to commercial, retail, residential and inter-modal transport facilities. The vast numbers of people who pass through Intersite-managed sites each day make its outdoor advertising highly desirable and intersite boasts one of the largest outdoor advertising portfolios in the country.

Making the travelling experience more pleasant for commuters includes not only the upgrading of stations themselves and the provision of an aesthetically-pleasing, safe and clean environment, but also the provision of much-needed convenience facilities at stations, such as fast food outlets, butcheries, hairdressers, dry cleaners, shoe repairs, laundry and telephone services.

RELATIONSHIP WITH PRIVATE SECTOR

Intersite earns revenue on the SARCC property portfolio through crafting partnerships with the private sector to see a range developments - from industrial parks to residential units to office building - completed on a long-term leasehold basis. Rental received from retailers and other service providers at stations also contributes towards the cross-subsidisation of the rail commuting service and in so doing contributes to the national fiscus.