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Running for its eighth consecutive year, the Africa Property Investment (API) Summit & Expo, which takes place at the Sandton Convention Centre this week (Thursday 24 and Friday 25th August 2017), promises to put Africa’s retail sector in the spotlight.
Broll East Africa has appointed two executives to Head Research and Occupier Services in the region.
Group CEO of Broll Property Group, Malcolm Horne has been appointment President of the South African Council of Shopping Centres (SACSC) at a recent Annual General Meeting.
Although there is increased demand for space from international occupiers across Sub-Saharan Africa, these occupiers are looking for smaller but high quality floor spaces.
Over the last two years, Kenya’s retail market has seen the opening of new shopping centres countrywide taking the retail GLA across the country to just over 760,000m2.
Shopping centres within the South African Broll portfolio generally experienced an increase in year-on-year (y/y) trading density growth in December 2016 with the exception of community centres, according to the Broll Retail Snapshot Q4: 2016 report.
Accessibility, affordability and the current revitalisation project makes the Woodstock & Salt River a sought -after industrial node with higher rentals being charged for available stock.
The South African Council of Shopping Centres’ (SACSC) Footprint Marketing Awards were announced at the SACSC’s 20th Annual Congress, currently underway at the Sandton Convention Centre, and the coveted top award - the Spectrum Award - was won by industry icon Sandton City.
Located around the Gillooly’s Interchange, the intersection of the N3 Western Bypass and the R24 (Johannesburg CBD to O.R. Tambo International Airport), Bedfordview and Bruma is an attractive office node to tenants looking for affordable rentals.
Savvy African consumers demand clean, interactive and well operated shopping centres, as well as extended trading hours to indulge in retail therapy, according to the Broll Shopper Segmentation Report 2016.