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Wednesday, 04 October 2017 12:33

The future is not so scary

Customers now have the pleasure of choosing between an array of conveniently positioned shopping centres with a vast variety of brands which cater for their every need.

JSE listed Echo Polska Properties (EPP) today announced an agreement to dispose of an office portfolio for 160 million.

In a welcome development, Pareto Limited shopping centres have won both of the South African shopping centre industry’s highest accolades – the 2017 Spectrum Award for Retail Development and Design and the 2017 Spectrum Award for Shopping Centre Marketing.

Listed diversified real estate investment trust Redefine Properties (JSE: RDF) has appointed Nashil Chotoki as the National Asset Manager for Retail.

Month-end saw the grand opening of Phola Mall, the first fully enclosed regional shopping mall in the old ‘Kwa-Ndebele’ region of Mpumalanga. 

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

Property, whether directly held or listed, was the darling of South African investors over the past decade and longer.

Ballito Junction Regional Mall has been named the best new shopping centre development in South Africa this year.

As of Q2 2017, just over half of U.S. commercial leases tracked by MSCI were set to expire within five years.

Real estate consulting firm, JLL South Africa, has released its Q2 2017 research reports of the industrial markets in Johannesburg and Durban, the office markets in Johannesburg, Durban and Cape Town and synopsis of the South African retail market.

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