Marius Muller

Oversupply and Tenant debts hit Texton Property Fund

The current economic situation being experienced in South Africa is putting pressure on the commercial real estate industry, resulting in some tenants battling to meet contractual rental payments.

Texton secures Truworths for prime Durban CBD space

Texton Property Fund has secured a long-term lease renewal with Truworths for its prominent high street shop in central Durban, KwaZulu-Natal - one of the group’s biggest stores in South Africa.

PIC lifts stake in embattled Texton Property Fund

The Public Investment Corporation (PIC), Africa's largest fund manager, has boosted its stake in the troubled Texton Property Fund (JSE: TEX) after a black empowerment investor defaulted its loan.

Texton’s shareholders vote down share repurchase from PIC

Shareholders of Texton Property Fund (JSE: TEX) have voted against the repurchase of shares in terms of the ‘Put Option’ related to Texton’s 2014 Broad-based black economic empowerment deal.

Texton Property Fund pledges to address structural problems

Texton Property Fund (JSE: TEX) has pledged to attend to its struggling company’s affairs, but not all investors are impressed.

Why Municipal Elections are Important for Property Owners and Investors

Local government plays a major role in governance and the provision of basic public services in the country. Whoever governs the municipalities holds the key to South Africa’s success and attract property developers and investors.

Oversupply of Retail Space no good news to Pretoria East

Shopping Centre demand in Pretoria East is almost tipping over, but more malls are still coming online — raising the likelihood of an over-supply of retail stock in the region.

Menlyn Park Shopping Centre earns green star rating

The extension of Menlyn Park Shopping Centre in Pretoria has received a 4-star green star retail design rating ahead of World Environment Day.

Long-awaited Mall of Africa officially opens

SA’s mega shopping centre ever built in a single phase, the Mall of Africa in Midrand, worth a whopping R5 billion — has opened its doors to the fervent long-awaiting public.

Shopping centre investor warns on retail cannibalization

Blue chip mall owner Pareto CEO, Marius Muller has warned South African Retailers to guard against cannibalization — citing bigger centres taking away spend from the weaker centres.

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