Retail Property Market

A tough festive season for consumers but some retailers will still fare well

South African consumers are in a tougher position than a year ago and retail will be under pressure to perform this festive season.

Nedbank buys stake in Alberton's R450m Newmarket Value Centre

Nedbank Corporate Property Finance has bought a stake in the R450 million Newmarket Value Centre in Alberton — another sign of financier bullishness about the South African property market, particularly the retail sector.

Co-owners pump R2bn into Menlyn Park Shopping Centre redevelopment

Pretoria’s Menlyn Park Shopping Centre is undergoing a major redevelopment by the co-owners, Pareto Limited and Old Mutual Life Assurance Company, in a R2 billion expansion project that will add a host of top retailers to the existing tenant mix.

Newtown Junction adds to Joburg shoppers’ choice

The shopping scene in Johannesburg CBD is in for a commercial transformation, when Attacq Limited and Atterbury Property Holdings’ groundbreaking R1.3 billion Newtown Junction mixed-use development opens this Thursday.

Cradlestone Mall earns top Retail Centre Development Award

Johannesburg’s Cradlestone Mall was named the best overall retail development, scooping the coveted 2014 Spectrum Award in the South African Council of Shopping Centre’s (SACSC) annual Retail Development & Design Awards (RDDA).

R1,4bn to pour into Ballito regional shopping centre

A R1,4 billion regional shopping centre development is being planned for KwaZulu-Natal's North Coast town of Ballito with the developers acquiring Ballito Junction Shopping Centre together with the adjacent undeveloped land and development rights.

R207m new look for Randburg Square Mall

The famous Randburg Square Mall situated in Randburg CBD has undergone a complete overhaul and received much needed facelift from the owners, Vukile Property Fund‚ increasing footfall 20% in the last quarter of last year.

New retail centre opens at Waterfall Business Estate

Waterfall Corner, a prime neighbourhood convenience centre in the landmark Waterfall Business Estate, Johannesburg, officially launched last week on Thursday, 10 April 2014.

Delta Property Fund to acquire Tembisa Mega Mart for R240m

Delta Property Fund had concluded an agreement to acquire Tembisa MegaMart, which is under construction, from Realty Dynamix 107 for R240 million in cash.

International Council of Shopping Centers seeks African growth

NEW YORK – The International Council of Shopping Centers (ICSC), on Tuesday announced that it is had launched an African research group to help its membership tap into the economic growth potential across the continent.

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