Developed in a record breaking seven months, Madombidzha Mall opened its doors to the community of Makhado on Thursday 26 September.

In one of the largest real estate transactions in Africa over the past year, Lango Real Estate Limited has agreed to acquire the Africa (ex-South Africa) retail real estate portfolio ultimately owned by JSE-listed REITs Hyprop Investments Limited and Attacq Limited.

Trading density levels at more than 4.1 million square metres of prime retail space in South Africa dipped further in the first quarter of 2024 but the rate of contraction was more muted than in the last six months of 2023.

Day one of the Township Retail Investment Summit (TRIS) kicked off at the Mall of Thembisa
by connecting the township believers with the dreamers on Thursday 31 August.

Office occupancies in Cape Town and Durban could well be seeing an upswing – welcome news in markets that have suffered from rising vacancies in the wake of corporate downsizing and restructuring in the wake of the COVID-19 pandemic.

Emira Property Fund has relaunched its Springfield Retail Centre in Durban, KwaZulu-Natal, a year after the centre was damaged by arson in the widespread looting and devastation of July 2021.

Despite the harsh economic and social climate, the longer-term trend in trading densities (sales per square metre) in more than 100 shopping centres in South Africa and Namibia shows a clear improvement since the 2020/21 Covid-induced downturn in performance. 

A new catalytic project in Durban’s outer west region deploys innovative thinking that combines the efforts of the public and private sector to create long-term value for all stakeholders.

Real (inflation-adjusted) retail sales growth for June came in at a negative -2.5% year-on-year rate, weaker than the previous month’s slightly positive +0.1%. 

GMI Properties Group announces the development of the much-anticipated Bronkhorstspruit Mall, ideally situated with excellent visibility from the N4 and the R25.

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