Retail Property Market

R380m earmarked for Liberty Midlands Mall upgrade

Liberty Midlands Mall in Pietermaritzburg is in for a R380 million commercial transformation, and its owners, The Liberty Group hope to see the development of a new lifestyle centre, including retail and office components, adjacent to the existing mall.

KwaZulu-Natal's R140m Jozini Mall set to open on 24 October

Jozini Mall, the new 18,220sqm community shopping centre in North-Eastern KwaZulu-Natal, is now fully let and will open on Thursday, 24th October 2013.

South African Council of Shopping Centres (SACSC) joins ICSC

The South African Council of Shopping Centres (SACSC) signed an agreement to join the International Council of Shopping Centres (ICSC) in a move that will see local retail industry gain greater access to global insights and resources.

R3.5bn set to house Mall of Africa at Waterfall

Atterbury has announced it is developing the 120,000sqm Mall of Africa for R3.5 billion, South Africa’s largest single-phase shopping mall development to date – financed by Nedbank Corporate Property Finance.

R144m loan secured for development of Waterfall Corner Retail Centre

Nedbank Corporate Property Finance and Atterbury have struck a R144 million loan agreement that enables the development of the Waterfall Corner Retail Centre in Sunninghill, Johannesburg.

Pareto injects R228m redevelopment of Pavilion Shopping Centre

Pareto Ltd today announced renovation plans to upgrade the Pavilion Shopping Centre in Durban, which will see an initial R228 million investment for re-development.

New Property Sector Emerging in Africa

A new property sector is opening up in African markets as retailers growing their presence there are now in need of or building their own distribution warehouses, according to Belinda Clur, managing director of Clur Research International.

Newtown's R1.3 billion mall development on track

The big hole being dug in Newtown is the start of a R1.3 billion retail and office development incorporating some of Johannesburg's most historic buildings, it was reported on Monday.

Nedbank backs Tembisa's new Mega Mart with R238m

Tembisa in the East Rand, will soon get a new shopping mall by November 2013, thanks to the development of the Tembisa MegaMart following Nedbank Corporate Property Finance’s recent approval of a R238 million finance facility.

More Shopping Centres to be built Despite Weak Economy

Despite challenging economic conditions more shopping centres are expected to be built this year as retailers roll out new stores to increase their market share and commercial banks experience strong growth in loan demand from existing and new property clients.

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