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Commercial Property News

#MenlynWinterSale starts tomorrow featuring local DJs' clothing and accessories ranges
Menlyn Park Shopping Centre's annual winter sale will run from 24 June to 31 July, 2016, and will feature pop-up shops showcasing the latest fashion and accessories from top local DJs. There will be prizes to be won, including six shopping experiences with one of the shopping centre's personal shoppers valued at over R10,000. 23 Jun 2016
New tenants announced for The Zone @ Rosebank
The Zone @ Rosebank is undergoing a R500m revamp and the second phase of the project has introduced new big-name tenants, and a city-sightseeing bus stop will follow shortly. 20 Jun 2016
Mdantsane City turns eight and exemplifies the changing face of township retail
Previously a forgotten market - and especially in one of South Africa's poorest provinces, the Eastern Cape - townships were formerly dominated by informal traders and spaza shops. For a larger variety and bigger purchases, residents were forced to spend their hard-earned savings on public transport to retail centres in town or in neighbouring centres. 16 Jun 2016
Vaal Mall expansion nears completion
The Vaal Mall's extensive R420m expansion and revamp, nine years after opening, is nearing completion and already offers shoppers more choice. 7 Jun 2016
Mall mania continues
Gauteng shoppers still have plenty of appetite for retail therapy, judging by the 84,000 people who streamed through the Mall of Africa's doors on the first day of trade last Thursday. 10 May 2016
East Rand Mall revamped
The East Rand Mall, located in the heart of Boksburg, has concluded a revamping process that has greatly expanded the centre's offering to its pool of clients and customers. As a result of its new look, the mall is valued at an estimated R2.4bn on the property market. The centre is situated in an established, well-known and well-settled area that offers diverse and convenient products and services and is very accessible at the heart of the East Rand. 6 May 2016
Image source:
Image source: BDlive
RMB Holdings (RMH) has diversified its banking interests to the commercial property market by acquiring a 25.01% stake in Mall of Africa developer Atterbury. 4 May 2016
Customers flock to opening of mammoth Mall of Africa
South Africans' desire for new shopping centres has been insatiable, and another mall has entered the fray. 3 May 2016
Mall of Africa's opening adds to SA's oversupply of shopping centre space
When Attacq snips the ribbon on its Mall of Africa in Johannesburg on Thursday, it will add to an oversupply of retail space that threatens to topple the best returns among SA's real estate investment trusts. 28 Apr 2016
The Mall of Africa promises something for everyone
The new Mall of Africa in Waterfall, Midrand, will feature a choice of 300-plus stores, restaurants, entertainment and services, and the very latest in mall design when it opens next week, on 28 April 2016. 22 Apr 2016
Marius Muller
Marius Muller
Retail cannibalisation is becoming a growing reality in South Africa and, until now, it has been all too easy to place the blame for this squarely at the feet of shopping centre developers. However, on closer inspection, Marius Muller, CEO of shopping centre investor Pareto, believes this retail cannibalisation is largely being driven by retailers themselves. 19 Apr 2016
UK expansion helps double Rebosis growth
© irstone – 123RF.com
Rebosis Property Fund has grown assets under management by a hefty 50% to R11.8bn in the six months to February, thanks to a push into the UK property market. 15 Apr 2016
Five successful years for Mall of the North
Polokwane's Mall of the North is to celebrate its fifth anniversary today, 14 April 2016. "Looking back over the last five years, we are more than pleased with what we have achieved so far. From a zero base in at the beginning of 2011, our shopper numbers have grown each year to nearly 8.5 million annually," said Sumari de Ridder, GM of the Mall of the North. 14 Apr 2016
Connectivity was the key for the new Mall of Africa
The new single-phase shopping centre development, the Mall of Africa, situated in Waterfall City, with excellent access from Pretoria, Sandton and Joburg, is to open on 28 April 2016. Road access is a key feature of the project. 14 Apr 2016
Menlyn Park introduces concierge ambassadors programme
Menlyn Park Shopping Centre has introduced a unique concierge ambassadors programme to minimise inconvenience to shoppers during its R2bn redevelopment. Twelve fully trained concierge ambassadors are stationed at the busiest nodes of the mall to advise and guide shoppers during trading hours, seven days a week. 12 Apr 2016
Gauteng's Mall of Africa to open on 28 April
The new Mall of Africa, which is southern Africa's largest single-phase shopping centre development to date, is a R5 billion, 130,000m² super-regional mall that will set a new benchmark for shopping centres on the continent and is set to open on 28 April 2016. 4 Apr 2016
Too many small malls risky, say experts
While developers are quick to build new shopping centres, some property experts are concerned that the domestic market may be oversaturated. 29 Mar 2016
Living wall installed at The Zone @ Rosebank
The Zone @Rosebank has introduced a vertical living wall that runs alongside the News Café, Bombay Blues and RocoMamas, which are situated on the ground floor of The Zone Boulevard, creating an outstanding piece of natural beauty. 18 Mar 2016
Shopping space glut continues
© Shao-Chun Wang – 123RF.com
The glut of new shopping centre space that continues to grow in major cities and towns is starting to bite into landlords' returns, results released last week by two of SA's largest retail property owners show. 14 Mar 2016
Attacq targets growth from malls
Property fund Attacq is confident it will achieve stronger capital growth when its major expansion projects including The Mall of Africa and the second phase of Waterfall City, kick into gear. 9 Mar 2016
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