Retail Property Market

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.

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.

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.

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 ).

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.

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.

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.

Retail Property opportunities abound, but tread carefully

THERE are a number of retail development opportunities in the buoyant South African property sector but potential investors and developers must ensure they have investigated the project thoroughly before committing huge resources.

Fairvest increases distribution on solid letting and cost containment

Fairvest grows distribution 10.29% for the year to June on strong letting and careful cost management.

R1 billion Thavhani Mall to open next year

The rapidly growing Thohoyandou town in Limpopo province is set for a major boost when the R1 billion Thavhani Mall opens its doors on 24 August next year.

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