With experiential retail being one of the hottest trends in the retail and shopping centre industry right now, the South African Council of Shopping Centres (SACSC) commissioned a research report to get insight into the growth of experiential retail in the local mall marketplace.

Building on the success of the strongest mall in Cyprus, Atterbury Europe’s first phase Mall of Cyprus expansion has opened to shoppers with an added 6,000sqm of retail space, 15 new retail brands, six new food and beverage concepts and 300 extra parking spaces.

John Rabie, one of South Africa’s most successful property developers, has recently embarked on a substantial new venture in Portugal. 

Fortress REIT, the JSE-listed diversified property group, says the first phase of its White River Crossing development, a state-of-the-art retail and leisure centre near the Kruger National Park is nearing completion and is on course for its scheduled opening on 22 August 2019.

Wednesday, 03 April 2019 13:32

An ever-evolving retail property market

Competition in South Africa’s retail market is intense, with more than 25 million square metres of formal retail space currently, in excess of 2,000 existing shopping centres and close to three million square metres of formal retail space in the pipeline.

The Rubik , a newly launched luxury mixed-use building situated in the heart of Cape Town’s CBD is set to challenge property development in South Africa with its iconic and unique architecture and design.

As suburbs grow we often see large shopping malls being built within close proximity to smaller community retail centres.

Market remains active with new projects announced in 2018 across the hospitality, retail and industrial sectors.

Many point to online retail as a key challenge to the Retail Property Sector, and no doubt it is one of the challenges, as technology marches forth.

Texton Property Fund has secured a long-term lease renewal with Truworths for its prominent high street shop in central Durban, KwaZulu-Natal - one of the group’s biggest stores in South Africa.

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