LOGIN

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.

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.

The City of Tshwane will reopen its application to get Wonderboom Airport back to international status.

Menlyn Park Shopping Centre in Pretoria is undergoing a R2-billion redevelopment that will make it the largest mall in Africa, with over 500 shops. And for added convenience for shoppers, a South African Police Service (SAPS) Brooklyn contact point has been opened at the centre.