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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.

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

JSE specialist shopping centre REIT, Hyprop Investments (“Hyprop”), continued meeting strong distribution growth forecasts despite a tough economy, with a total dividend of 695,1 cents per share for the year to June 2017, up 12,1% on the prior year.

Middelburg Mall will soon be greener and even more environmentally friendly through the one largest rooftop Solar PV installations in Mpumalanga.

Maluti Crescent Shopping Centre (formerly Setsing Crescent) in Phuthaditjhaba, Free State, is receiving a major redevelopment and expansion boost from JSE-listed Retail REIT Vukile Property Fund, which will see it becoming the largest shopping centre in its town.

UK-based Hystead Limited (Hystead), co-owned by Hyprop Investments Limited (Hyprop) and PDI Investment Holdings Limited (PDI), today announced the Euro 156 million acquisition by its subsidiary Balkan Retail NV of all the shares in Bulgarian company AP Retail I EOOD (AP Retail), which owns The Mall shopping centre located in Sofia, Bulgaria’s capital city.

The USD95 million Kumasi City Mall developed by leading South African property development and investment company Atterbury has opened to become Atterbury’s fourth retail development in Ghana.

Hyprop Investment Limited’s Gauteng-based regional shopping centre, Clearwater Mall, has added additional solar photovoltaic (PV) to their roof.

Welcome to the age of the chameleon shopping centre. It’s one of the themes in the current retail environment, according to indicators emerging from research covering the assets of top South African property funds.

Tuesday, 09 May 2017 12:08

Consumer aspirations affect retail

The concept of ‘aspirations’ is not easily defined as each person has their own definition and understanding of the term.

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