Investec Property marketing executive Danni Dixon said Cornubia was set to perform well on the north coast, offering shoppers more consumer choice. Investec maintains that even though retailers are under pressure across the rest of the country, KwaZulu-Natal is under-serviced for shopping centres.
Trading densities, or turnover per square metre, have been declining across an array of shopping centres in South Africa, according to statistics released at the SA Council of Shopping Centres' national conference in Cape Town recently.
The new mall, which is near Mount Edgecombe, is home to more than 110 retailers and took eight years to complete. It is large, but not as roomy as Umhlanga's Gateway Theatre of Shopping, a 220,000m2 retail mall.
There are already plans under way for a 20,000m2 expansion at Cornubia Mall that will see another 70 stores added to the shopping centre.
Source: The Times
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
