Commercial Property News

Thohoyandou in Limpopo will have its first fully enclosed, double-storey, air-conditioned regional mall when it opens on 24 August 2017. Thavhani Mall, a R1bn project will have over 134 shops, restaurants and service outlets in a 50,000sqm development. 13 Dec 2016

Two Profica-managed retail centres were officially opened in Nigeria and Zambia during the last week of November. The multi-million retail projects were the product of major investment by South African and international property investors operating in partnership with local stakeholders, and completed within budget and in record time. 13 Dec 2016

Value for money is always going to be a key motivator when it comes to shopper behaviour. Nevertheless, to keep customers loyal over time, their overall emotional connection with your shopping centre is vital. 8 Dec 2016

Rockcastle Global Real Estate has concluded the preliminary agreements to acquire the shopping centres known as Focus Park Zielona Góra and Focus Mall Piotrków Trybunalski in Poland. 5 Dec 2016

This December's retail trade could well be an improvement on last year, despite 2016's frail and fickle economy. This festive season, people will spend mostly on first-order goods, such as food, pharmaceuticals, services and clothing. In contrast, furniture and other discretionary purchases are likely to be less appealing to shoppers. 23 Nov 2016

Successfully redeveloping a shopping centre involves myriad considerations, not least of which is how to look after existing customers during the chaos of construction. Olive Ndebele, GM of Menlyn Park Shopping Centre in Pretoria, tells us how they did it. 18 Nov 2016

Springs Mall, a R950m joint venture investment by Blue Crane Eco Mall, Flanagan & Gerard Property Development & Investment, REIT Vukile Property Fund and Murinda Investments, will open on 16 March 2017. 4 Nov 2016

Future South African retail development is as much intertwined with the digital world as it is with bricks and mortar: small is the new big and a mix of convenience tenants (gyms, high-end shopping and office space) is in hot demand. 17 Oct 2016

According to Broll Nigeria, retail landlords have had to offer rental concessions in order to retain tenants in Nigeria and falling commodity prices, coupled with the depreciation of the naira, have contributed to the reduction of Nigeria's attractiveness as an investment destination in general. 12 Oct 2016

Central Square at Menlyn Maine opened today in Tshwane, introducing some of SA's most environmentally-friendly, customer-friendly and innovative shopping experiences. 21 Sep 2016

A South African Police Service (SAPS) Brooklyn contact point has been opened at Menlyn Park Shopping Centre in Pretoria, as part of its R2-billion redevelopment that will make it the largest mall in Africa, with over 500 shops. 8 Sep 2016

The planned R1bn Thavhani Mall will be the anchor, catalyst and hero of a large mixed-use urban precinct mega development, Thavhani City, which is being developed on a 27 ha site in Thohoyandou in Limpopo. 2 Sep 2016

Central Square is scheduled to open in Pretoria at Menlyn Maine later this month. 1 Sep 2016

Massmart's long-running battle against the big retailers over long-term lease exclusivity agreements is set to continue after the Competition Tribunal decided on Wednesday to reserve judgment until a later date on whether to hear the matter. 28 Jul 2016

With its 50 shopping areas, Pretoria East has more formal retail space available per 1,000 people than other major cities. The area accounts for over 700,000m² of the ±3m-m² of formal retail space in the City of Tshwane and more are planned, posing the question, is this market oversupplied? 15 Jul 2016

The major redevelopment and expansion of Ballito Junction Regional Mall is increasing its current size by eight times, to 80,000sqm and its anchor tenants will grow to six - Checkers, Woolworths, Edgars and Game and its existing anchors Pick n Pay and Dis-Chem. The development will be complete by March 2017. 5 Jul 2016

Shares in AltX-listed Greenbay Properties surged 6.43% to close at R1.49 after announcing it had bought its first asset - a shopping centre in Slovenia in central Europe. 5 Jul 2016

Springs Mall at the Blue Crane Eco Park on the East Rand is already over 90% let some eight months before it opens in 2017. The 48,000m² new regional mall, under development in Springs, Ekurhuleni, represents a R950m investment. 30 Jun 2016