Retail Property Market

Fourways Mall finally launches, becomes the largest shopping centre in SA

After missing several deadlines, the newly redeveloped multi-billion Fourways Mall has finally opened its doors, becoming the largest shopping centre in South Africa.

Hyprop disposes Zambia's Manda Hill Shopping Centre to Growthpoint Investec

Retail-focused property company Hyprop Investments sold its interest in Manda Hill Shopping Centre located in Lusaka, Zambia to Growthpoint Investec African Properties (GIAP).

Positive interim results from Liberty Two Degrees despite weak economy

Retail-focused Liberty Two Degrees (JSE:L2D), posted commendable results for the six months to June 2019, despite weak consumer sentiment.

Comprop launches R1.8bn takeover bid for Safari Investments

Unlisted property group, Community Property (Comprop) has launched a R1.8-billion buy-out abid to acquire the entire issued share capital of JSE-listed mall owner Safari Investments (JSE: SAR).

Boardwalk Precinct gets R600m Retail project

The Boardwalk Casino and Entertainment World in Port Elizabeth is undergoing an R600 million extend and upgrade in the retail area.

Elim Mall to spend R120 million on extensions

Limpopo’s Elim Mall, which is located in the south-east of Makhado formerly Louis Trichardt, is undergoing an expansion at a cost of R120m.

Green light for R1.2 billion shopping mall in Pretoria

The development by one of SA’s oldest rural shopping centre developers, McCormick Property Development (MPD), of a massive shopping mall in Pretoria West costing at least R1.2 billion has been given the green light.

How advanced data analytics is boosting shopping centre performance

Shopping centre owners for years have been investing in technology – from cutting-edge facial recognition, to understanding how people shop with WiFi – to stay relevant and profitable.

R850 million Mall of Tembisa gets off the ground

Tembisa residents will soon no-longer have the need to travel as far as Midrand and Kempton Park in search of quality retail therapy as construction of Mall of Tembisa commenced early April.

Retail trading density shows signs of growth but sector is in for some tough times

Shopping Centres had a better 2018, but the months ahead are still going to be tough as owners are having to adapt to a tough retail trading environment.

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