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Upmarket development in Windhoek’s central business district (CBD) is on the rise and has boosted the revival of this inner-city area.
The digital revolution has touched and changed every aspect of society, including, very significantly, shopping. For many people, it’s just not worth the time, trouble and expense of making a trip to a bricks-and-mortar mall when everything they might desire is available literally at their fingertips in the virtual world.
Gustav Voigts shopping centre in Namibia’s capital city of Windhoek is to undergo a multimillion-dollar phased refurbishment starting this year.
Maerua Mall, established in 1990, is Windhoek’s original shopping centre. Located close to the heart of Namibia’s capital city and bordering the eastern suburbs, it welcomes over nine million shoppers every year.
Oryx Properties announced on Monday that its total distribution per linked unit for the year ended June 2010 increased by 15.3% to 109.25 Namibian cents per linked unit from 94.75 cents a year ago.
Oryx Properties reported earnings per linked unit of 143.34 cents for the year ended June 2009, from 128.13 cents a year ago.
SA Corporate Real Estate Fund has bought a 25% stake in Oryx Properties
Listed property loan stock company has reported below-average distribution growth of 7,6% to 29,6c for each unit for the year to September
Oryx Properties has said that its distributions for the year to June had surged 11% to 78c a linked unit.