Retail Property

Thousands flock to Alex Mall for Inauguration

Despite consumers’ seemingly waning appetite for retail therapy, Alex Mall, featuring numerous popular clothing and interiors brands, was officially opened on Wednesday by Johannesburg Mayor Herman Mashaba. ... Full story

New Ballito Junction Mall ready to trade despite dwindling consumer spending

The much-awaited Ballito Junction Mall located in KwaZulu-Natal's North Coast holiday town of Ballito, will be opening to the public on Thursday, March 23 despite other Mall Owners feeling the pinch amid dwindling consumer spending. ... Full story

Menlyn Park Shopping Centre becomes one of the largest mall in Africa

After undergoing a R2-billion revamp over the past two years, the Pretoria based Menlyn Park Shopping Centre is now one of the largest mall in Africa, with a total floor space of 170 000m2. ... Full story

Despite oversupply perceptions, Springs Mall to open next year

Despite oversupply perceptions, a new R950 million shopping centre, Springs Mall, under construction on a site at Blue Crane Eco Park, will open for trade on Thursday, 16 March 2017. ... Full story

Killarney Mall underperforms despite upgrades

Compared with other assets in Octodec Investments' R12.3bn property portfolio, Killarney Mall has not performed as expected though its trading density has increased. ... Full story

Trends in Cape Town and Johannesburg property market

The office sector has been out of favour for the past few years, but there are some positive signals in retail while industrial property sector shifts to clean properties focussed on light manufacturing as heavy manufacturing struggles. ... Full story

Hyprop buys Skopje City Mall stake in a joint venture

Hyprop Investments (JSE:HYP) announced yesterday that it had acquired a 60% interest in Skopje City Mall Macedonia, purchased from Balfin Finance BV, Amsterdam in deal worth R1,3 billion (€92 million EUR ). ... Full story

Rebosis Property Fund gets nod for R5 billion acquisition

Rebosis Property Fund announced that its decision to acquire two regional retail centres as well as the acquisition of Billion Group (Pty) Limited manco, valued at R5bn has been approved by the majority of the firm's shareholders. ... Full story

A look at Durban’s R1.8 billion Cornubia Shopping Mall

DURBAN - Cornubia Shopping Mall, a new retail development located in the north coastal corridor of Durban, is on track to open its doors in September next year. ... Full story

A look at Tshwane’s R1.8 billion mixed-use green development

Central Square, a R1.8 billion mixed-use development which opened on Wednesday. is set to become a prominent landmark in Menlyn Maine district of Tshwane – the country’s first “green city” precinct. ... Full story

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