Space at prime South African retail properties was made to work harder throughout 2015 and delivered real growth on an inflation adjusted basis. 9 Mar 2016
Emfuleni Resorts has outlined its proposal to develop a R1.3 billion mixed-use development on currently under-utilised land in the Boardwalk Precinct in Port Elizabeth. The Boardwalk Mall would include a retail mall, a multi-purpose events venue, entertainment offerings and corporate offices. Emfuleni, together with partner Parktown Capital, believes that the current site offers exceptional opportunities for all. 4 Mar 2016
Marius Muller
For retailers to make sales their doors need to be open for longer. That's the word from Marius Muller, CEO of shopping centre investor Pareto... 3 Mar 2016
Construction on the R950 million Springs Mall at Blue Crane Eco Park development is well underway according to the main contractor, Giuricich Bros. The 46,000m² regional shopping centre is on schedule to open before Easter 2017. 1 Mar 2016
The development of a new R650 million mall in Walvis Bay, Namibia, has been announced. Atterbury is the joint developer and co-owner of the newly named Dunes Mall, previously called the Erongo Mall development. Bulk earthworks on the mall began in November 2015 and it is due to open to the public late in 2017. 26 Feb 2016
The Moolman Property Group and Investec Property Fund have announced the extension of the existing Great North Plaza Shopping Centre. The co-developers broke ground for the new development on 16 November 2015, and the anticipated date of opening is April 2017. 15 Feb 2016
The South African Council of Shopping Centres has said that there was some welcome news coming out of the country's malls and retailers at the end of 2015, notwithstanding tough trading conditions in local markets. 12 Feb 2016
Pam Golding on Main shopping complex.
The Pam Golding on Main multi-use retail and office development opened mid-2015 in Kenilworth Main Road, anchored by a 510m² Pick n Pay store. Its pavement café ambience is already making the area more vibrant and cosmopolitan and boosting interest in buying up and renovating flats in the area. 4 Feb 2016
The new multimillion rand Tugela Ferry Mall and Jozini Shopping Centre in rural KwaZulu-Natal have been trading very well since opening and both have had an excellent festive season, according to Gavin Tagg, CEO of Retail Network Services - the retail leasing and development company responsible for leasing both centres. He added that the performance of both centres has resulted in more top retailers take up space at the malls. 3 Feb 2016
Almost one-third of European retailers view Africa as an important future destination in the next three to five years, real estate advisor, CBRE has advised. In a recent report, CBRE surveyed the expansion plans of 115 leading retailers. Over the next five years, one-third see Africa as extremely or very important retail destination with 28% of respondents viewing South Africa, Egypt (19%) and Nigeria (16%) as key priority markets. 14 Jan 2016
Botswana-based retailer Choppies Enterprises is extending its South African footprint with the proposed acquisition of retail outlets owned by niche supermarket group Jwayelani. 23 Dec 2015
The new multi-million rand Cosmo Mall Pedestrian Bridge, developed by the Bentel Group, the owner and developer of the mall, will open to the public later this month just before the peak festive season trading. 14 Dec 2015
The Menlyn Park Shopping Centre in Pretoria is now wholly owned by Pareto, which previously owned a 50% stake and last week took transfer of the remaining 50% stake from Old Mutual Life Assurance Company. 14 Dec 2015
Rebosis Property Fund has decided to focus on shopping malls, shifting its government-tenanted offices gradually into subsidiary Ascension Properties as it looks to attract retail-hungry investors. 10 Dec 2015
The Tete Junction shopping centre opened recently in the Tete Province of Mozambique. The centre features the first Shoprite store in the province. 8 Dec 2015
Marius Muller, CEO of Pareto Limited.
The upcoming festive season is set to be tough and highly competitive for retailers, according to Marius Muller, CEO of Pareto Limited. "Holiday sales are likely to be flat and hard-pressed to beat inflation. Consumers are really feeling the pinch. There is massive pressure on their disposable income," comments Muller on the outlook for 2015 festive season sales. 7 Dec 2015
Giuricich Bros Construction - the South African independent and family owned construction firm - has increased its presence in the retail development sector by securing the lucrative building contracts for the new 45,000m² Springs Mall at Blue Crane Eco Park and the 15,000m² expansion of the well-established Vaal Mall. 4 Dec 2015
Marius Muller
Pareto Limited today announced its establishment of a new property management company - Mowana Properties - to manage both its own directly held property assets as well as that of the Public Investment Corporation (PIC), with a total value of approximately R30 billion. 2 Dec 2015
Builders Warehouse has recently opened its first store in Zambia, which has created 156 jobs, at the East Park Shopping Mall, Lusaka. It is the sixth Builders Warehouse store outside of South Africa. 2 Dec 2015
Laurence Rapp, CEO of Vukile Property Fund.
The Vukile Property Fund has reported 7% growth in distributions per share for its half year to 30 September 2015, delivering results in line with its market guidance. Its results show strong operational performance and an increased retail property focus. 25 Nov 2015
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