Table Bay Mall celebrated its 1st anniversary on 28 September 2018. With 65,000m² of retail space, this world-class regional mall has, despite tough economic conditions, achieved turnover of more than R100m per month since it opened its doors; and continues to have an optimistic outlook for the coming years in the rapidly expanding Big Bay, Bloubergstrand and West Beach catchment areas.

Paul Jackson has been appointed as a Member of the Board of Directors, effective 04 October 2018.

[28 September 2018] Park Square, uMhlanga’s newest business and lifestyle development is due to open its doors in November 2018. Interfacing beautifully with its surrounds, the development offers a future-forward, people-centred destination where the surrounding communities and professionals can shop, work and connect.

With its successful record in the fast track construction of high-end projects, Concor Buildings has been awarded the prestigious Illovo Central contract. This 17-storey mixed-use development near Sandton is due for completion in January 2020.

After falling to 29 in 2Q2018, the FNB/BER Building Confidence Index was unchanged in 3Q2018.

JSE-listed diversified Real Estate Investment Trust (REIT) Redefine Properties’ (JSE: RDF) welcomed shoppers to the new revamped Benmore Centre, Sandton’s popular neighbourhood shopping destination when it officially opened during end August. Redefine had started work on the ZAR252 million refurbishment programme during late 2016 and was completed on schedule.

JSE-listed self storage company Stor-Age opened a new store in the affluent residential area of Bryanston this week. The company’s trading portfolio has increased to over 50 stores in South Africa.

Celebrity chef, author, TV personality and restaurateur Jenny Morris is opening a Yumcious restaurant at the DeVille Shopping Centre, situated on the corner of Wellington and Durban Roads in Durbanville.

JSE listed diversified Redefine Properties (JSE:RDF) has finalised leases with two international big box retailers set to debut at its centres later this year.

Sales per square metre in shopping centres - from large super regional malls to neighbourhood 'locals' - continued to grow in March, according to the Clur Report of SA Retail Property, an industry barometer tracking performance at more than two million square metres of retail space in South Africa and Namibia.

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