Some interesting trends have emerged in South Africa’s retail sector, reports Johan Engelbrecht, director, retail properties for JHI Properties, which currently manages approximately 2.7 million square metres of retail space in Southern Africa, comprising some 240 shopping centres.
Construction of a brand new 10 329 square metre shopping centre, Vosloorus Plaza in Vosloorus, south of Boksburg in Ekurhuleni Municipality, is about to commence in this third quarter of 2013 on a prime location opposite the busy Chris Hani Crossing.
JHI Project Management, a wholly-owned subsidiary of Excellerate Property Services, was appointed the principal agent managing the development and execution of Innscor’s projects in Zimbabwe.
Trading conditions in the commercial property market remain challenging, though there are a number of factors which are having a positive impact on activity and future potential in the market
Commercial space in prime hubs in Cape Town’s popular Southern Suburbs is in demand, with retail hotspots in Claremont – close to Cavendish Square, Claremont CBD and the railway station highly sought after
There is much to be said for the rejuvenation of decaying suburbs or the creation of vibrant, thriving nodes within city areas, but what precisely is it that makes for a successful precinct, and gives it a clear and appealing identity of its own, asks David Reid, investment sales broker for JHI Properties in Gauteng.
With reduced office rentals resulting from the recent economic downturn, corporates seeking appealing office space offering good value in the Johannesburg area are currently able to choose from a number of appealing options across a variety of desirable locations – at very competitive rentals
A brand new retail development, ‘Savannah Mall’, is being developed on a prominent vacant site on the corner of Solomon Mahlangu Drive and Bronkhorstpruit Road (R104) in a burgeoning area just east of Pretoria, in the Tshwane metropole.
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