Wednesday, 08 March 2017 09:38

GDP contracts in fourth quarter Stats SA

South Africa’s gross domestic product (GDP) contracted by 0.3% in the fourth quarter of 2016, Statistics South Africa said on Tuesday.

There are many factors that contribute to the success – or otherwise – of a shopping centre, and getting the right tenant mix is right up there at the top of the list.

Ending the year on a high note, the November 2016 auction held by Broll Auctions and Sales proved a great success with a number of noteworthy sales taking place.

Wednesday, 07 December 2016 13:46

Thought Leadership - Going Shopping

Value for money is always going to be a key motivator when it comes to shopper behaviour.

Menlyn Park Shopping Centre in Pretoria celebrated the fruits of two years of hard work on Friday night, hosting a magnificent party to relaunch the popular mall, now the biggest in Africa following a R2-billion makeover.

In one of the largest local property transactions of the year, Pivotal shareholders approved the transaction in which JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) will acquire all of the shares in property developer and capital growth fund Pivotal.

Menlyn Park Shopping Centre is close to completing its ambitious R2.5 -billion redevelopment which will position it as the largest mall on the continent, and a sought-after destination for shoppers from the surrounding areas as well as farther afield.

The Pivotal Fund Limited (‘Pivotal’), a development-focused investment fund, today reported solid results for the six months ended 31 August 2016 with a 17.35% increase in net asset value per share to R23.00, excluding deferred tax (“NAVPS”) year-on-year.

During what may be described as a tumultuous 2016 to date, while trading conditions in the property auction arena have proven challenging, retail shopping centres, service stations, hotels and residential blocks have shown resilience throughout this period and are still in strong demand.

A press conference marking 60 days to the November launch of the new Menlyn Park Shopping Centre was held today.

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