“Overall many key African hotel markets reflected a positive turnaround in tourism in the first half of 2018,” says CEO of HTI Consulting, Wayne Troughton. “Though many of these markets continue to trade off a low base, the positive growth in room nights sold bodes well for future occupancy increases and hotel supply,” he states.

Sales per square metre in shopping centres - from large super regional malls to neighbourhood 'locals' - continued to grow in March, according to the Clur Report of SA Retail Property, an industry barometer tracking performance at more than two million square metres of retail space in South Africa and Namibia.

Wednesday, 23 May 2018 23:36

Africans investing in Africa

While the number of international buyers in residential property in South Africa remains relatively low, at somewhere in the region of three percent nationally, investors from elsewhere on the continent – including returning expats - retain their appetite for the acquisition of South African real estate for a variety of reasons.

The uptick in shopping centre sales out of negative territory is continuing, according to the Clur Report of SA Retail Property Performance for January, an industry barometer.

There have been signs of significantly improved economy-wide sentiment early in 2018, an improvement that many link to the change in the ruling party’s leadership, which translated into a change in the country’s President too.

After months of decline, trading densities across 2.2 million m² of physical retail space in seven provinces of South Africa and in Namibia are trending towards growth, according to an industry barometer.

Over 30,000 excited shoppers welcomed the new 27,500m2 Dunes Mall in Walvis Bay, Namibia, on its opening day of 26 October 2017.

Maerua Mall is currently undergoing a redevelopment to live up to its new motto, “Be part of the family”.

A desert oasis of shopping and entertainment for the people of Walvis Bay, the new 27,500m2 Dunes Mall is in the final stages of completion, with its doors set to open to shoppers on October 26.

Safari delivers on portfolio growth and quality: Portfolio reaches R2,6 billion in asset value .

Page 1 of 9

Most Popular

Stenprop acquires multi-let Dunball Industrial Estate for £4.8m

Oct 17, 2018
Julian Carey Stenprop
Stenprop, the UK multi-let industrial property investor, has acquired an industrial…

Table Bay Mall Takes 33 Steps Forward as it Turns One

Oct 18, 2018
TABLE BAY MALL
Table Bay Mall celebrated its 1st anniversary on 28 September 2018. With 65,000m² of…

Growthpoint completes Laser Logistics new premises at Mill Road Industrial Park

Oct 17, 2018
MILLROAD PHASE 3
Growthpoint Properties has completed the R44 million first phase of its new development…

House price growth stagnant but home loan approval rates on the increase

Oct 17, 2018
OOBAROMETER JUL SEPT 2018
Third quarter (Q3 18) statistics released by ooba, South Africa’s leading home loan…

RDDA winners announced on the opening day of the (SACSC) Annual Congress held at the Durban’s International Convention Centre

Oct 18, 2018
BAI
The 2018 Retail, Design and Development Awards (RDDA) winners were announced on the…

Please publish modules in offcanvas position.