South Africa now has the sixth-highest number of shopping centres of any country in the world, boasting almost 2,000 shopping centres with a floor area covering 23,000,000m², according to Nomzamo Radebe, the newly appointed President of the South African Council of Shopping Centres (SACSC), who gave this insight as the SACSC's 19th Annual Congress got underway in Durban. Radebe is CEO of JHI Properties, part of Excellerate Property Services Group. 1 Oct 2015
Shopping centres delivered better returns for commercial real estate investors in the first half of the year than offices and industrial buildings, in spite of ongoing pressure on consumer spending, noted MSCI's Investment Property Databank (IPD) SA biannual property indicator... 28 Sep 2015
Gavin Tagg
The multi-billion-rand Rainbow Junction mixed-use property megaproject, anchored by a new R2.5-billion 94,000m² super-regional shopping centre, is gaining attention from investors and major developers wanting to co-develop or secure a stake in the project, which is 6km north of Pretoria's CBD... 28 Sep 2015
Ongoing high municipal rate hikes are harming communities because of a lack of understanding about the far-reaching impacts of these increases, reports Marius Muller, CEO of Pareto. He believes that more attention should be given to the real effects of disproportionately high rates and taxes increases by municipalities. 18 Sep 2015
The R1.4 billion new 65,000m² Ballito Junction Regional Mall is already more than 80% full, with more than a year-and-a-half before it is due to open in March 2017. Owned and developed by the consortium of South African property companies: Menlyn Maine Investments and Flanagan & Gerard Property Development & Investment, Ballito Junction is the major expansion of an existing 10,000m² shopping centre. 14 Sep 2015
Victory Park - a community shopping centre in Victory Park, Joburg - has been given an extensive makeover by shopping centre developer and investor the Bentel Group, which has pumped R100 million into its redevelopment... 4 Sep 2015
Futuregrowth Asset Management took a bold step in 1996 when it launched its Community Property Fund (CPF), dedicated to establishing shopping centres in townships and rural areas. "No-one would finance them," says CPF product manager Smital Rambhai. "They were no-go zones for developers." 4 Sep 2015
East Point (previously the East Rand Galleria Shopping Centre) has official reopened Entrance 1. The new entrance reflects the chic style and aesthetics of what will be the centre's completed look and feel... 25 Aug 2015
Shoprite is to open a new store in the town of Tete, Mozambique later this year. The property development company Terrace Africa has confirmed Shoprite as its anchor tenant and indicated that the new shopping centre will also feature many other well-known retailers... 20 Aug 2015
Dipula Income Fund yesterday agreed to buy an 80% interest in an R860m portfolio of retail and industrial assets from members of Moolman Group, an unlisted property developer... 20 Aug 2015
Renewal options on retail leases should be standardised to ensure consistency in the industry, Marius Muller, CEO of the Public Investment Corporation's Pareto, said yesterday... 12 Aug 2015
The Eastgate Shopping Centre is currently undergoing considerable construction work as the centre progresses through its refurbishment and international brands and some really big new offerings are on the cards... 31 Jul 2015
Merchants on the Square, a temporary mixed-tenant retail space has been launched at Nelson Mandela Square, Sandton. It will be on the square until the end of October 2015... 30 Jul 2015
Capital & Counties Properties (Capco) provides a rosy forecast, saying the outlook for retail and consumer confidence remains positive... 30 Jul 2015
Dominos has chosen Rivonia Junction for the location of its first store in Johannesburg. "When it comes to opening a franchise it is all about location, location, location and we, at Taste Holdings, are more than happy that the very first Domino's Pizza in Gauteng was opened in the Rivonia Junction. We look forward to building a long and lasting relationship with all of our customers through this great location," stated Jay Currie, CEO of Taste Holdings Food Division. 22 Jul 2015
McCormick Property Development's Lusiki Plaza in Lusikisiki in the Eastern Cape opened for business last week. The plaza brings more than 14,400m² of shopping to the local population, which previously had to travel into town to shop. 29 Jun 2015
Safari Investments, which focuses on township shopping malls, yesterday reported it grew its assets 31% from R1.3bn since listing in April last year to R1.7bn at the end of March... 26 Jun 2015
Menlyn Park Shopping Centre has opened a 20,000m² semi-open-plan, double-volume public mall featuring the latest store designs for anchor tenants Checkers Hyper, Food Lovers Market, New World Discount Stores and Pick n Pay. Pretoria's warm climate, abundant sunshine and nuanced colours have shaped the beautifully neutral palette, spacious airy interiors and ultramodern structure. 25 Jun 2015
Accelerate Property Fund and its development partner, Fourways Precinct, plan to turn the Fourways shopping centre into a super-regional centre of 170,000m², adding a further 90,000m² of new space in a major expansion... 23 Jun 2015
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