Retail Property

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.

Makro expands in Durban’s booming Cornubia

Cornubia, a multi-billion rand mixed-use development in the northern corridor of Durban, has welcomed the new state-of-the-art Makro Store scheduled to start operating this week.

Sorry Edcon, we will not reduce Rent, says Growthpoint Properties

After securing R2.7 billion, Edcon's request for rental reduction was met with a major obstacle at SA's largest landlord, Growthpoint Properties.

Hyprop eyes more Europe wins than sub-Saharan Africa

Clearwater Mall owner, Hyprop Investments (JSE: HYP) has raised R403 million (€25 million) worth of capital planned for its South and Eastern Europe (SEE) retail assets expansion — and seeks to reduce sub-Saharan Africa exposure.

Investing in township shopping malls gives Fairvest the edge

The latest results from Fairvest Property Holdings (JSE: FVT) confirm that shopping malls aimed at the lower Living Standards Measure (LSM) are delivering better returns than their suburban counterparts.

Landlords chip in as Edcon Holdings secures R2.7 billion

Edcon Holdings which owns Edgars Stores, Jet and CNA, has secured R2.7 billion rand from lenders, landlords and the Public Investment Corp. as South Africa’s largest clothing retailer wraps up its latest restructuring plan.

Sorry Menlyn Park, Fourways Mall set to become Africa's largest centre

While Pretoria's Menlyn Park Shopping Centre is the largest mall in Africa, the title for the latter will only be temporary, as Joburg's Fourways Mall has plans to steal it within the next three months.

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